Trudeau decided to go ahead with retaliatory tariffs even though Trump’s order includes a mechanism to escalate the rates if Canada retaliates against the U.S.
The thing is: It’d be too roundabout to have the desired effect or message. Subsidies and tax incentives are good tools for strengthening your economy and lessening your dependence on exports, but they’re not really going to create the kind of sharp downward curve on sharesholders’ graphs that’d be considered retaliation.
The thing is: It’d be too roundabout to have the desired effect or message. Subsidies and tax incentives are good tools for strengthening your economy and lessening your dependence on exports, but they’re not really going to create the kind of sharp downward curve on sharesholders’ graphs that’d be considered retaliation.