How Canada's Sacred Cows and 270% Tariffs Set Trump Off at G-7 - Galt's Gulch

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How Canada's Sacred Cows and 270% Tariffs Set Trump Off at G-7

Posted by nickursis 5 years, 10 months ago to Government

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So, yes there ARE tariffs, and the EU is worse. All this talk of free trade is BS, yet we DO have our own issue with farming subsidies, and other buyoffs. If Trump wants to go free market, then he has to go FREE MARKET and let the chips fall where they may. Higher prices and double the cost of dairy, maybe, but that is what free market means. Problem is, everyone has to play, and they are all infested with "politicians".

SOURCE URL: https://www.yahoo.com/finance/news/canadas-sacred-cows-270-tariffs-153448903.html

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Posted by freedomforall 5 years, 10 months ago

You're right, nick. Problem is that large scale manufacturers do not want a free market and the politicians deliver what the constituents with money want. (Government imposed restrictions on manufacturers in western nations also make it much harder to compete with China, the low labor cost leader. That means tariffs to protect inefficient producers in every country except China, who has the lowest labor cost and doesn't need that protection, yet.
Government creates a problem and then pretends to fix it while always making it worse.

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  Posted by nickursis 5 years, 10 months ago
  
  Exactly. That is why Trumps screaming is not correct, as he cannot scream at Canada and then not scream at the US, Free Market is all or nothing. The first manipulation will set off a chain reaction.
  
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Posted by exceller 5 years, 10 months ago

Trump offered free trade. His offer was greeted with deafening silence.

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  Posted by nickursis 5 years, 10 months ago
  
  Trump can not offer free trade. Free trade would mean he would have to end all subsidies. Right now Farm subsidies, and a million other such programs are part of the great pork barrel in DC. He is disingenuous about "free trade" in that Canada has gone with tariffs more, and the US with subsidies, and neither is compatible with the other. And let's not even look at the EU, they have more subsidies AND tariffs than both US and Canada
  
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    Posted by exceller 5 years, 10 months ago
    
    Yes, I am aware.
    
    Trump is using unorthodox methods.
    
    That is why the EU has a disadvantage while adhering to rigid bureaucratic rules.
    
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      Posted by nickursis 5 years, 10 months ago
      
      Indeed, so, they are incredibly locked in and protective, as well as using large supports and payments. The bulk of the economy at the basic level is funded through government intervention.
      
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