million job losses if a 25% across the board levy went ahead, while economists warn that a recession is imminent if they persist.
Obviously this will harm the economy initially, probably much like when Finland lost most of Nokia. (Nokia was a huge part of Finish economy and jobs)
But Finland rose again quickly, and Canada will too, because Canada is a country that is very well liked in most of the world, and will have no problem increasing trade elsewhere.
There will be a transitional period, but on the upside also greater independence from USA.
Luckily Canada does not suffer from Dutch disease like Finland did. So Canada will be more flexible in the ways it can recover quickly.
USA on the other hand, will not be in similar position to recoup their trade losses with, Mexico, Canada, EU, UK and China.
So USA will probably face a harder recession than Canada.
And that’s probably Trump’s plan, to weaken the entire west, including USA, NATO and of course Europe to benefit Russia.
On top of that, I think Canada could make a trade agreement with UK. After Brexit, UK has been looking for ways to mitigate their economic predicament, so old colonies like Canada seem like a good place to start. UK really needs the deal too, so Canada could be in a good position to set some conditions.
If Canada manages to get well connected, this isolation nonsense is only going to hurt USA in the long run. Future presidents sure have their work cut out for them. Repairing this kind of damage could take decades.
Obviously this will harm the economy initially, probably much like when Finland lost most of Nokia. (Nokia was a huge part of Finish economy and jobs)
But Finland rose again quickly, and Canada will too, because Canada is a country that is very well liked in most of the world, and will have no problem increasing trade elsewhere.
There will be a transitional period, but on the upside also greater independence from USA.
Luckily Canada does not suffer from Dutch disease like Finland did. So Canada will be more flexible in the ways it can recover quickly.
https://en.wikipedia.org/wiki/Dutch_disease
USA on the other hand, will not be in similar position to recoup their trade losses with, Mexico, Canada, EU, UK and China.
So USA will probably face a harder recession than Canada.
And that’s probably Trump’s plan, to weaken the entire west, including USA, NATO and of course Europe to benefit Russia.
On top of that, I think Canada could make a trade agreement with UK. After Brexit, UK has been looking for ways to mitigate their economic predicament, so old colonies like Canada seem like a good place to start. UK really needs the deal too, so Canada could be in a good position to set some conditions.
Absolutely, I have no doubt they will make a trade agreement soon. Canada and EU already has one, but maybe it can be expanded?
If Canada manages to get well connected, this isolation nonsense is only going to hurt USA in the long run. Future presidents sure have their work cut out for them. Repairing this kind of damage could take decades.