“It was a light-hearted moment in what has been the most challenging chapter in Canada-US relations since the war of 1812, when the former wasn’t even a country yet.
But, for
#America and the world, the episode also holds three important lessons about Donald Trump’s
#tariffs. And the president’s latest threat, issued on Monday, to hit
#Canada with tariffs of 50 per cent on a wide range of
#goods raises the stakes and shows how important it is for Canada to hold the line.
The first lesson is that retaliation works.
Where
#China, for instance, has spent years carefully building geopolitical leverage through control of critical supply chains, Canada’s booze
#boycott has been powered mostly by consumer choice and the decision of the provincially owned liquor companies of
#Ontario and
#Quebec not to buy US alcohol. And it turns out that rum and rosé can pack almost as much of a trade war punch as rare earths. US alcohol exports to Canada fell 70 per cent from 2024 to 2025, a $536mn loss for the US industry.”
There are others, however the Ban on *finished goods* and not *partial products* is hitting USA in
#trade. ☺️.
#capitalism /
#tariffs /#CentralPlanning /
#booze /
#BoozBan /
#wine <
https://archive.md/0rJbZ> / (paywall) <
https://www.ft.com/content/23a211e3-3db7-47ac-b185-06f506d44aed>
