Originally posted by grassfarmer
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Of course the US won't stop buying oil from Canada, they are getting it at a fraction of the world price, and are one of the only places able to process it, they have spent billions tooling up to be able to process it, and need it to blend with the stuff coming from shale. This current arrangement is nearly ideal for them, and getting better all the time, as spreads keep widening. Did you happen to read what I already wrote?
I learned math here in Canada, and apparently we must do it wrong, can you please explain in more detail how tariffs and counter tariffs cancel each other out? As a consumer, if I can buy a local product with no tariff, or an identical foreign product with an additional tariff built into the price, I will chose the cheaper product, regardless of how patriotic I might be. At the government coffers level that may be true, but certainly not for the producers or consumers.
The US can and previously did stop buying Canadian beef, 15 years ago, and look at what it did to our prices immediately. As they lose their beef export customers due to trade wars, they will need less imports from Canada. US Processors with excess capacity would suffer.
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