China media hails Canada’s ‘Chinese-style’ tariff…
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China media hails Canada’s ‘Chinese-style’ tariff retaliation
Context:
* China's Global Times is praising Canada's tariff retaliation against the US threat on Canada's economy. They are comparing it to China's previous tariff counter attacks.
* Canada's government has pledged that every US dollar tariff imposed on Canadian exports will be met with an equivalent dollar tariff imposed on American Exports into Canada.
* Global Times seems to feel that other countries copying China's UNO Reverse tariff playbook validates their previous opposition to US protectionism.
* On Canada's side, they recently walked away from talks with the US after each side blamed each other on last minute changes.
* USA is currently planning a 50% tariff on Canada (which is worth \~USD 20 Billion of Canadian goods). Canada seems to be prepared to match that.
Additional Context:
* Canada has said that the US has tried to impose on them additional conditions such as
* Restricting Canada's ability to make trade deals with other countries
* Demands on Canada's auto sector, which Canada didnt feel was fair
* Demands on removal of Canada's usage/requirement of the French language on their products
* Various vague new demands, which Carney has said was too much
* Meanwhile USA has said Canada was the one who backed away from talks
* President Donald Trump was telling Canadian leaders to “fall in line” or face consequences “far WORSE” than existing tariffs
* US Trade Rep Jamieson Greer calling the attack on the French language a "funny fake story" implying the Canadian were lying or exaggerating
#local
Context:
* China's Global Times is praising Canada's tariff retaliation against the US threat on Canada's economy. They are comparing it to China's previous tariff counter attacks.
* Canada's government has pledged that every US dollar tariff imposed on Canadian exports will be met with an equivalent dollar tariff imposed on American Exports into Canada.
* Global Times seems to feel that other countries copying China's UNO Reverse tariff playbook validates their previous opposition to US protectionism.
* On Canada's side, they recently walked away from talks with the US after each side blamed each other on last minute changes.
* USA is currently planning a 50% tariff on Canada (which is worth \~USD 20 Billion of Canadian goods). Canada seems to be prepared to match that.
Additional Context:
* Canada has said that the US has tried to impose on them additional conditions such as
* Restricting Canada's ability to make trade deals with other countries
* Demands on Canada's auto sector, which Canada didnt feel was fair
* Demands on removal of Canada's usage/requirement of the French language on their products
* Various vague new demands, which Carney has said was too much
* Meanwhile USA has said Canada was the one who backed away from talks
* President Donald Trump was telling Canadian leaders to “fall in line” or face consequences “far WORSE” than existing tariffs
* US Trade Rep Jamieson Greer calling the attack on the French language a "funny fake story" implying the Canadian were lying or exaggerating
#local
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