Dollar-for-dollar counter-tariffs are a tax on Canadian buyers of US goods.
The Federal Reserve studies on tariffs have shown basically no net tangible benefits to tariffs: any import protection industries gain from tariffs is cancelled out by the cost of the tariff on consumers.
And of course, the two governments' accounts of the collapse of the talking are in direct contrast: within hours, both placed the failure to make a deal on the other party.
It appears to me that any discussion in support or against tariffs here now isn't data-based but just political teamsports.
The old HN would just note the studies on tariffs and move on. But not today's HN!
So here we have a really long thread on HN saying "go team go."
The Federal Reserve studies on tariffs have shown basically no net tangible benefits to tariffs: any import protection industries gain from tariffs is cancelled out by the cost of the tariff on consumers.
And of course, the two governments' accounts of the collapse of the talking are in direct contrast: within hours, both placed the failure to make a deal on the other party.
It appears to me that any discussion in support or against tariffs here now isn't data-based but just political teamsports.
The old HN would just note the studies on tariffs and move on. But not today's HN!
So here we have a really long thread on HN saying "go team go."