Yeah that's a fun one. Brexit hasn't exactly helped the UK economy by tearing up free trade with its nearest neighbours as far as I can see. Won't tariffs on Canadian lumber send US home construction costs higher? Not sure Canada will want those long distance trucked Californian peaches any more either. But the big US owned supermarkets will insist I suppose. It seems the US owns basically everything in Canada anyway. I'm wondering if the plan to boost US oil production by 25% is supposed to tamp down the rampant inflation of tariffs or what but it all sounds bonkers. Strong dollar pay down debt is the plan right? I have a feeling there might be a big old Liz Truss moment if any of this comes to pass.
Yeah that's a fun one. Brexit hasn't exactly helped the UK economy by tearing up free trade with its nearest neighbours as far as I can see. Won't tariffs on Canadian lumber send US home construction costs higher? Not sure Canada will want those long distance trucked Californian peaches any more either. But the big US owned supermarkets will insist I suppose. It seems the US owns basically everything in Canada anyway. I'm wondering if the plan to boost US oil production by 25% is supposed to tamp down the rampant inflation of tariffs or what but it all sounds bonkers. Strong dollar pay down debt is the plan right? I have a feeling there might be a big old Liz Truss moment if any of this comes to pass.
Yeah brexit is a great example. Historically it never works out well.
Free trade allows everyone to do what they are good at.
Nationalism does the opposite and drives costs higher. You can't out produce that. Even here in the US
ha well I hadn't really updated myself on Canadian lumber tariffs in a while but lol... https://www.nahb.org/blog/2024/08/canadian-lumber-tariffs
Yeah its a continuous mess.