255
'Unfair': Canada suspends trade talks with US, PM Carney says will match tariffs 'dollar for dollar'
(timesofindia.indiatimes.com)
this post was submitted on 22 Aug 2026
255 points (99.6% liked)
World News
57703 readers
1525 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF OCTOBER 19 2025
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Ask Historians !askhistorians@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The problem in that scenario is that dollar for dollar will hurt the Canadian economy way more, as the American economy is literally 10 times bigger, it will also only hit USA 10% as much relatively.
We all need to boycott USA, because USA has become a rogue nation without respect for international law, and an international menace even to their "former" allies.
The US has been rogue since WWII, they have just had CEO's and presidents who hid it better. Trump has no concept of this - he's a bully elected by his country to make America first. If anyone read Project 2025 they are in no way surprised by this avaricious and corrupt approach. The guy bankrupted five casinos. CASINOS!!!! They're made to make money and he fucked up five of them.
So toe-to-toe is like wrestling a pig, you both end up muddy and pig enjoys it.
We need to maximize our impact by going after the things only Canada can cost effectively provide: oil, LNG, tar, potash, lumber, water, financial products. And dump the F35 like a rock. It can only be used against us anyway; better we partner with the EU.
MAGA:
Make America Go Away.
we're fine hurting ourselves short term for long term gain
now, what I expect to happen is it'll get fucked up anyways, but hey that's gonna happen no matter what we do. can't negotiate with a hostile nation
Absolutely, the determination is way bigger in Canada. And AFAIK the Canadian economy is doing better than USA.
USA keep threatening allies but are shooting themselves in the foot.
A small boat can maneuver better than a large ship.
It's more feasible for Canada to stop buying products from the US because it's possible to source products from elsewhere. Factories in Asia and Europe might have to hire some more people and put on an extra shift to meet the moderate increase in demand coming from changes in Canadian trade policies.
The US doesn't have that option in many sectors. It wouldn't be just hiring some more people to meet a shift in demand, it would require building whole new factories, establishing new mining operations, etc. That takes a lot of time. And given Trump's instability, no one wants to make long-term investment based on any of his policies. So Americans will just have to pay the tariffs on a lot of things.
The alternative is the long term eroding of our ability to make sovereign trade and policy decisions.
We’re in this precarious spot because we relied on a single, stable majority trade partner for 30 years. The cost to prevent worse will not be nothing.
It's only natural to have the biggest trade relations with the countries closest to you. In that regard Canada is in a very bad spot geographically.
Canada has done very well fending for their interests, and I think the Canadian people has been a significant part in this, sanctioning American goods like Whiskey.
At least trade between EU and Canada is very good from what I hear, with Canada and EU making trade agreements that have been years in making, but were pushed forward by USA behaving like a maniac.
There has even been talk that Canada should be welcomed as an EU member if they want. 😎
I don't think that will happen. But I would be positively surprised if it does.
Canada has many friends around the globe, Canada is an extremely trusted country in basically all matters, very much unlike USA.
The US economy is AFAIK doing much worse than Canada, and the US dollar as a global reserve currency is declining rapidly. If that fails, it will be extremely expensive for USA, and you can easily add a couple of percentage points to their already high national bond yields. Making the US federal debt a HUGE burden for the economy.
Yes, but the USA is having this fight with so many more countries, including the EU. They are pinching themselves in the face and calling it winning.
The USA has power due to its size but if it tries to use that to its advantage against too many countries at once, it doesn't work.
If they don't honour deals they have in place, other countries don't both negotiating a new deal.
EU gave in pretty early on, and has accepted US tariffs without retaliation. But since that Trump has made threats on a couple of occasions, where EU has responded with threatening to escalate if USA doesn't stand by the agreement made last year.
Even threatening to not respect US IP. This has made Trump pull back and not escalate any further.
Yes. The EU accepted a deal they didn't like to buy time and pivot away from the US. Whichntheybare increasingly doing. People saw it as capitulation. The beurocrats saw it as not cutting off your nose to spite your face.
Most have learned that caving doesn't work. Standing up does. So they do.
There was quite a bit of disappointment when the deal was made, but EU had made the negotiation position of the negotiators impossible.
I think considering the madness on the other side, it was probably for the best, although it was a bad deal. And for sure in the long run, it will be bad for USA, because it is a significant part of why Europe is moving away from USA at double speed now.
Personally I would very much like to have our old friend (USA) back. But I don't think that will happen anytime soon. Because the distrust is not only in Trump, but in the American population. Which for some reason pisses many off when I state that in no uncertain terms here on Lemmy.
Yep, people suck. It’s why the get the day you voted for meme resonates. Trump didn’t break the system. The system allowed and promoted Trump.
US economy is bigger than 10x. Canada cannot survive a trade war with the US, anyone who thinks this is delusional.
Nah just people who understand economics. Americans have the bully mentality which makes them think bigger = stronger, and generally think of economics in a backwards way.
I'm not going to be paying Trump's tariffs, Americans will be. That big economy can't resolve the tarriffed products, so Americans just have to pay. Even the price of non-tarriffed products will increase in price because there's not enough non-tarriffed products to meet demand.
Canada, being a smaller economy, will be better able to find substitutes for US made products elsewhere.
Is also less costly for a smaller economy to retool. Which means less investment dollars needed.
So I hope Americans enjoy the inflation their dear leader is creating with his antics.
Why would they have to survive a trade war with the US? They're diversifying their trade partners daily. Lol soon they won't be visiting here, buying our products or investing in our companies but sure, we're in control lmao
The US-Canada border is $1.3T in annual trade, even with new deals , the rest of the world is barely 10% that.
For now
There's the issue of determination, and in that regard Canada also has 10 times the determination of USA.
In Canada this is supported by the population, in USA it is not.
But yes it will cause more hurt on the Canadian side than the US. No doubt about that.
On the other hand, Canada is a much respected country globally, and has made many new trade deals with other countries.
While USA is being shunned by basically the entire world now. Nobody likes USA anymore. In fact most traditional allies think China is more reliable than USA.
Short term this may hurt Canada more than USA, but long term USA will be the one that has to give in, disregarding their bigger economy.
It's just too bad that Canada has to suffer this idiocy in the meantime.
IMO Canada should go harder than dollar for dollar. Also because trump is a bully, and the only thing a bully fears, is a victim that hits back harder.
Drop in the bucket. Canada US trade is $1.3T , a few deals with EU and China is barely 10% of that. Y'all need to consult a globe. There is no way we can replace US trade with other countries simply due to geography. There is no way we could deliver goods to Europe or Asia without massive shipping costs.
Carney never should have even negociated. Any deal would have lasted a month, tops. We should kick the ball forward until the mid terms when Trump gets his balls cut off, or dies. If Carney didn't realize he was getting played than Canada is fucked. Trump's trade chaos benefits his inner circle of cronies, he doesn't want stability.
Carney has been saying you can't trust the US well before these trade negotiations. He said an agreement with the US isn't worth the paper is written on.
Obviously the point of negotiations is to buy time. That and you go full-Trump and make big threats and do things without a plan, things tend to go bad. And when things go bad it's hard to explain to people you didn't even try to negotiate.
Carney has made deals with countries all over the world. If Trump kills auto production, we can replace deals with Ford, GM, and Stellantis with deals with manufacturers in other countries. Even China. I don't care if it's Gonna, Hyundai or BYD that owns the factories in Canada. If it employs Canadian workers is all good.
But these kinds of contingencies take time to prepare. If negotiating means more time to prepare, then you negotiate.
You don't have to worry about whether Carney was preparing for this. Would've been nice to have more time, but here in Canada we all knew this would come someday.
Do you think the US has done anything to prepare for a trade war with Canada? I'm all likelihood we'll Bunce back and forth between tariffs and TACO for about a month before anything takes effect because I'm pretty sure the US side of this trade war doesn't know what they're doing.
That is true, but shipping at sea is not that expensive, there's a reason Japan could capture car markets in both USA and Europe already in the 60's from factories in Japan.
Trade with EU and China each have the same economic potential as USA.
Trade relations need to be built, and that takes time. But there is a strong potential for growth in global trade between Canada and other countries in the world than USA.
You say look at a globe, I live in Denmark, and USA is the biggest export market for us. So it is possible to have very significant trade across the Atlantic.
Part of that trade btw is shipping itself, where Mærsk the biggest global container shipping company in the world is headquartered in Denmark.