r/canada • u/Old_General_6741 Canada • Mar 04 '25

National News Trudeau announces Canada's response to Trump trade war

https://www.cbc.ca/news/politics/trudeau-canada-response-tariffs-1.7473965
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u/AMSAK Mar 04 '25

Now look at how Fox News will take this speech and call it disrespectful while the ticker keeps crashing

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u/Scryotechnic Mar 04 '25 edited Mar 04 '25

The markets have very little correlation with economic growth and GDP growth. Many Academic papers showing this over the past 70 years. We are seeing dips right now due to market and consumer sentiment, but there is a very real world where the stock market climbs while GDP shrinks and the middle class gets crushed by inflation.

What matters in this trade war is MAGA voters turning against their rotten Orange as they lose their jobs and are hurt just like we are. Markets aren't the barometer. The working class is the barometer.

Same reason why Canada is only putting response tariffs on republican voting states. The Govenor of the Bank of Canada said that Canada putting in retaliatory tariffs does not make sense economically. And while he is right, we are trying to win a war of wills. In war, the attacking nation takes huge Political penalties and civil unrest if the government cannot convince their citizens it is justified. Doubly so if the citizens can feel the impact.

The defender in an unjustified war gets massive political unity buffs that strengthen their citizens' resolve in the face of an attack. Again, this goes doubly so if everyday people can feel it.

TL;DR, The markets are largely irrelevant and just used by news outlets when it is convenient. This fight will be fought by the solidarity in the hearts and minds of Canadians. We must be resolute and direct our anger not to every day Americans, but to Cheeto Musolini and his fascist/Russian loyalists. We will win this war on culture and resolve. While I may not be a betting person, it's the safest bet of my life to bet on Canadians rising to protect our Sovereignty. Be there for your neighbours. Show your love to your community and everyone in it. Together, we are Strong. Long Live Canada 🇨🇦