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
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.]