Holy Cow!!! It is now strongly getting said that Canada is going to take the knee and give up protectionist tariffs on their dairy, telecom, aeronautics, and banking industries in order to save their auto-industry. Total and complete acquiescence to U.S./Mexico Demands. pic.twitter.com/xoegWXIB2H
— TheLastRefuge (@TheLastRefuge2) August 29, 2018
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Sundance is a remarkably well informed American commentator who pays attention to trade. The above is not confirmed but if that turns out to be the Canadian position the politics will be fascinating.
A complete capitulation to Trump would make Trudeau look like the wimp most of us already think he is. It would also give us a chance to catch the tailwind of the current American economic boom.
It would, I suspect, cause the left in Canada to implode simply because it would suggest that their hero Justin takes business more seriously than posturing. And when you give up posturing what does the left have left?
As Trump would say, “We’ll see what happens,” but real Canadian patriots have to hope that common sense prevailed and that we are on the road to genuine free trade with our friends to the south.
[Note seeing much action on the CDN/USD front. If the above is true I would expect a fairly sharp rise in the value of the Canadian dollar.]
Jay Currie 
Great news if true. But, if true, somebody sure backed themselves into a corner today: “Prime Minister Justin Trudeau accused the Trump administration Wednesday of setting its sights on dismantling Canada’s supply management system and he vowed that Canada won’t buckle on the issue at the NAFTA talks.” https://www.nationalnewswatch.com/2018/08/29/u-s-is-intent-on-ending-supply-management-for-canadian-dairy-trudeau-4/#.W4dLbpNKiWi
Well, as a consumer I am all for Canada losing this trade war with the USA. And since I am retired, any job repercussions will not affect me either. But like anything else, life goes on. The market, as well as industries, will adjust to the new fact. Protectionist stances don’t really help consumers at all, only producers who are looking for “their fair share” at the gunpoint of government programs. A tariff of 250% on a product is only their to ensure you buy the “Canadian” product, and to discourage anyone from importing that product at its lower price.
You know, thinking about it, there is nothing that says that supply management has to end. What has to end is price fixing and tariffs that prevent cheaper choices on the shelf. The dairy boards can set their price, and if Canadian’s want to pay it to shore up their industry, go for it. Me, I am a consumer, and a $4 block of cheese will go in my cart before an $8 block.