Quote:
Originally Posted by Truenorth00
So Trump 2.0.....
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Thinking selfishly, this is actually not a bad outcome for Canada.
The Biden administration was very protectionist but also very competent and, with things like the Inflation Reduction Act subsidizing so many critical industries, really put us in a corner. Not only do I expect a lot of the subsidies for EV manufacturing to get cut - which is good for us - but under Trump the Americans were more easy to cajole when it came to trade arrangements.
Also, if Trump really does instate a 10% tarriff on anything imported into the USA, even from friendly countries, then it might make sense to assemble everything in Canada, import to the US and pay the 10% tarriff rather than to have parts move back and forth across the border. God knows the Americans will be fighting multiple trade wars with everyone, so they may not have the resources to devote to fighting us.
Individually, we also have the opportunity to get predictably rich. Trump will probably make Jared Kushner treasury secretary and then there will be a huge tax cut for the rich, and money is just going to pour into the stock market. I'm going to invest in S&P 500 index funds.
Of course, about 18 months later it's all going to go to shit, but might as well party until then.
Grab what you can on the way out, boys!