waiting for your insight into the trade war thing... why do you not answer? we're all waiting! hahaha!
Lastly, there is a population half the size of Canada in the US that have no medical insurance. capitalism has consequences.
Physician shortage in the United States
Ok, I will bite. Although I am not an international trade expert, I am very well versed in commodities, securities, liquidity and how the exchanges operate. I will use oil as an example. Canada currently sells a lot of oil to the US. An uneducated person would think, if the US produced its own and stopped purchasing from Canada, it will be easy to find another buyer. Probably, …..but what if the US sold its vast oil supply to other countries, which is what Trump said he will do? That is where supply and demand come into play. If there is a ton of oil on the market, the price will plunge. The US will be saving billions of dollars not buying oil and is now selling the excess, Canada and OPEC must drop their price as well, or everyone will buy American oil. However, Canada is at a larger disadvantage than OPEC, after it drops the price, the oil will incur larger transportation costs to wherever. Therefore, the money Canada budgeted from Oil exports, is much less. Now take automobile manufacturing, if Trump places a 25% tariff on Ford and Dodge manufactured just North of the border, both companies will relocate the plants back to the United States, jobs and taxes will disappear. If they do not relocate, the vehicles will be too expensive to sell in America. The elephant in the room is NATO. If Canada is forced to pay 2% of the GDP to support NATO, it is billions of dollars. Seriously, the list is endless, those are just a few examples. This next part may be difficult for some to grasp. If less revenue is generated, only two things will occur, cut services, or raise taxes….maybe both. Now don’t forget all the jobs lost in the oil and automotive sector, those people have to eat, which will cost the government more. As a result, the CAD will drop much lower than it is today, which will result in higher import costs. All of that will equal inflation that Canada has never experienced. This is the reason Trudeau flew to Florida to lick Trumps ass. BTW, there is a lot more to what I described above, but after reading some of the comments on this forum, it will be a waste of time to provide detailed analysis.
The above is fact, now I will provide an opinion. I believe previous administrations got other countries hooked on US aid, which comes in many forms, including trade, so that the American government could control those countries. Think of a welfare recipient, tell them to stand on one leg or they dont get a handout, they will stand on one leg. It was the US government way of having the ability of stick its nose in another countries business. That is exactly how the so called coalitions were formed in Iraq. America said send your boys to war, or you won’t get shit. The coalition countries did not want to fight a stupid war in the sand, but for their economy to survive, they had to do it. The U.S. government made Americans think we are not in a war alone. In America it is called blackmail and gaslighting. Trump is a businessman, he believes the richer and more energy independent the country is, the stronger. To me, it is a better way to run a government, make Americans prosper, via less tax and regulations, weaken other economies and/or get them dependent on American energy. At the same time, increase war fighting capabilities.
I am currently in Calgary Christmas shopping. Thanks to the exchange rate, everything is on sale. I plan to buy my mom a Rolex at 30% off. 🤑