GDP numbers with decimal points need to be taken with a grain of salt.
The US economy will be hurt as well. Housing costs without Canadian lumber are going to skyrocket, especially with the different natural disasters and home building.
The interesting thing to analyze is the impact of the deal.
The retaliatory tariffs from Canada would be really painful and impactful to the US. The auto industry would implode. The dopey magas in the Midwest would be all laid off in weeks.
Unless we’re going full fascist and rolling tanks, this is positioning for some sort of deal. They cowed Columbia with this stuff, there’s a limited time to play the playbook.
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Anything more precise is likely wrong. A 25% tariff from your largest trading partner (and world superpower) is an extremely impactful event.
GDP numbers with decimal points need to be taken with a grain of salt.
The US economy will be hurt as well. Housing costs without Canadian lumber are going to skyrocket, especially with the different natural disasters and home building.
Aside from the tariff effect itself it could cause a panic and market run ending up in a recession.
The interesting thing to analyze is the impact of the deal.
The retaliatory tariffs from Canada would be really painful and impactful to the US. The auto industry would implode. The dopey magas in the Midwest would be all laid off in weeks.
Unless we’re going full fascist and rolling tanks, this is positioning for some sort of deal. They cowed Columbia with this stuff, there’s a limited time to play the playbook.