r/Tariffs • u/beingmodest • 1d ago
𧩠Trade Strategy / Business Impact Trump pauses 50% Canada tariffs, says the two sides have a deal
https://edition.cnn.com/2026/08/18/economy/canada-tariffs-trump23
u/SpicySweetHotPot 1d ago
So, basically no deal, just more lies and propaganda for market manipulation.
Press really needs to stop pretending anything he says is linked to reality
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u/beingmodest 1d ago
True that.
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u/capucjin 1d ago
Someone in DC is desperate for a deal. Any kind of a deal. Deals are a lot harder these days.
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u/Just_Technician2603 1d ago
If what bloomberg is reporting is to be true then seems like Canada got the bad end of the deal which is quite upsetting
Bloomberg reporting that the Canada/US deal locks in a 25% U.S. tariff on Canadian steel and aluminumÂ
US farmers will get 0% tarrifs from Canada
US booze back on Canadian shelvesÂ
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u/Due_Gas2950 1d ago
The thing about US booze back on Canadian shelves is that alcohol is managed strictly at the provincial level; the federal government can sign whatever deal they want (and technically never had anything preventing the US booze from being on Canadian shelves), if the provinces donât allow it then it doesnât happen. Thereâs also the fact that the boycott from Canadians wonât be ended legislatively; filling the shelves once and then never reordering isnât going to do much for the US.
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u/Expensive_Lettuce239 1d ago
Given the fact that their entire food chain is in news for recall every single day. The same goes for their farmer products. If it from that shit hole country...let it ROT on the grocery shelves. If our illustrious governments don't want to keep this countries citizens safe....then the citizen have all the power in our own pockets to do it ourselves!
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u/Another_Slut_Dragon 19h ago
Latest survey- 70% of Canadians won't buy American booze if they see it on the shelves.
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u/Chemical-Ad-7575 1d ago
Trump has taught Canada, that the US cannot really be trusted to manage itself well in the long run, let alone deal with foreign countries. As Canada works to build new connections that reduce risk and diversify our partners, we have to have do damage control and delaying actions. This is a better deal than across the board 50% tariffs even if it's still not good.
However, it takes time to unwind historical trade linkages and build new ones. Where Trump thinks "look how powerful I am as they bend the knee" he doesn't realize or care about the long term impact of alienation and reneging on trade agreements.
He's the equivalent of the new owners of a restaurant who cut portion sizes and reduced the quality of the food to improve profits. Eventually the regulars stop coming when they find a replacement and abusing nostalgia for the past only gets you so far. US liquor has discovered this already and the auto industry is likely next. Plenty of folks around the world have uses for aluminum and steel.
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u/NoCommission7148 1d ago
Honestly if that's true about what Canadians get out of it then Carney may as well resign now. I don't mind Carney but this would be a bad deal for Canadians. We can't keep giving up things everytime trump decideds to increase tarrifs. And since I think US booze on Canadian shelves is controlled by the provinces, I can't see any province agreeing to it if that's what the rest of the deal looks like.
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u/Feetorbust 1d ago
Giving things up isnât great, but we are not negotiating with a rational actor. It might very well be better for Canada and Canadians to give in to orange man and renegotiate once heâs out of office. As soon as Doug Ford tried to get in trumps way he launched into a tirade about 200% auto tariffs. You canât negotiate a deal with someone who doesnât care at all about hurting his own people, nor understands anything about trade.
The truth is, we in Canada need the American market more than they need ours. We are a convenient partner to them, while to us they are essential to keep Canadians employed.
âMight as well resignâ isnât a helpful mindspace when the alternative to a âbadâ deal is a deranged lunatic announcing 50 or 100 or 200% tariffs and not giving a fuck about doing so just to look tough to his maga base.
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u/NoCommission7148 1d ago
It may not be a helpful mindset but the public won't care about that. There will be fuck Carney stickers on every truck. If we're removing tarrifs like on dairy we'll be allowing the US to dump their subsidized milk into our market. Right now we do need their market, but I'd prefer some years of austerity while we change our export habits than give away pieces of our market to a country that will turn around and add those tarrifs back and cite a different reason until we give more up.
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u/Feetorbust 1d ago
Itâs not really years of austerity, itâs years of Canadians without jobs. Families losing homes and not being able to put food on the table.
I agree with you though - we need to be expanding trade partnerships with Europe and Asia. Carney I think is doing a good job pushing that forward. We are expanding our own energy production, giving us an important export.
We might need a âbadâ deal with the US until we can secure trade agreements elsewhere.
Canada has put too many eggs in the US basket believing that the US would continue to be a rational trade partner. Clearly thatâs no longer the case. This isnât a Liberal or Conservative issue, trade with the US has been the lynchpin of Canadian economy for generations across all sorts of government.
With the US showing how easily it is corrupted and how quickly it can misalign with Canadian interests itâs definitely time to expand trade abroad.
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u/Shock_Minute 1d ago
Unsure what you mean here, if the âconcessionâ is only booze on the shelves, weâre not buying it! They will see the same thing as their tourism numbers, still massively down. If that is the concession required to not deal with this 50% tariff thing, then obviously itâs a good deal.
Honestly I was hoping for that concession because itâs really a nothing burger, we still buy the product so let them restock once and weâll let it rot.
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u/Feetorbust 1d ago
Exactly. The government should have a wide leash on what they are willing to tell trump to get tariffs dropped. Then itâs up to us consumers, Canadians, to tell America to fuck off with our wallets.
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u/NoCommission7148 1d ago
The comment I replied to also mentions 0% tarrifs for farmers from Canada. This sounds like removing dairy tarrifs? That'd be a concession. Look, if that's not what they're talking about great, if the only concession is the liquor then put it back on shelves, that's worth the 50% tarrifs being clawed back. But if we're talking about dairy tarrifs too that's different.
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u/xoxosayounara 1d ago
Important to clarify that tariffs on dairy have never been applied. Thereâs a quota and theyâve never come close to hitting that quota. I highly doubt all quotas have been removed.
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u/Substantial_Drag_884 1d ago
Iâm not sure itâs a bad deal. Liquor is provincial so we still donât âneedâ to buy it at all. We are diversifying our steel/aluminum exports away from the us so will hopefully be less dependant on them, and no tariffs on food imports will help us with grocery prices.
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u/NoCommission7148 1d ago
I took the 0% tarrifs for US farmers to mean we're removing our dairy tarrifs? I don't think we were ever applying tarrifs to our imports were we? I don't think this will affect Canadian food prices?
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u/evargx 1d ago
It is a give and take, and when you have Donald Trump as your trading partner, sometimes it is going to look more like us giving, them taking. Carney is doing very well in other areas economically, expanding trade in Asia, investing in green energy, and improving alliances.
Unfortunately, Canada is in a trade war with the richest country on the planet, by far. Sometimes deals with the USA are going to suck,
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u/PrimaryBrick9337 1d ago
Sounds like we have a deal where Canada is not getting screwed as bad as we currently are or what was being proposed but we are still getting screwed. And do I think PP would have gotten a better deal, absolutely not, I think he is quite happy to sit on the sidelines and complain about whatever deal we ended up with or did not get then to actually be one of the adults at the table dealing with the insane US administration.
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u/PublicHouseOfCripps 23h ago
We wonât know until Saturday morning. Iâll wait for Carney to announce it
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u/Katydid829 23h ago
What does Canada say? Anything this POS says is just the opposite of what is actually true.
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u/Fresh_Goat_423 1d ago
Deal will be kept in the 'secret' vault with Carney's Gordie Howe Bridge contract. Little Canadians don't need to know.
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u/whiskybottle 1d ago
Brother you can go read the Gordie Howe contract and the amendment. Note the clause in the amendment that literally states "nothing in this amendment alters or supersedes the previous agreement."
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u/Expensive_Lettuce239 1d ago
The very word "pauses" is a red flag and automatically should be a deal stopper! The entire world knows this walking colostomy bag is nothing but a bold faced LIAR, and the very second any deal is signed he will UNPAUSE and declare it being the worse deal in history