Canadians are done with Trump’s shit. Instead of backing down, they’ve settled on 155B of retaliatory tariffs (on the same day they’ve asked the UK for nuclear guarantees against the US) And here’s the critical part: -Most Canadian imports to the US are raw materials, at preferred prices, that the US doesn’t have other sources for. -Most US exports to Canada are finished products that Canada has other sources for, even if less preferred. -US oil refining is 100% reliant on Canadian processing minerals. -US fertilizer and thus US farming, is reliant on Canadian minerals and potash. When it comes to trade, the unique relationship between Canada and the US means Canada can punch *FAR* above its weight in how its tariffs impact America. You’d rather have 20 of generic Chinese tariffs, than 1 of targeted Canadian ones. If Trump doesn’t back down on this, Canada can continue to tighten the screws. And honestly the political will of Canadians united in hatred of this moment and not wanting to be pushed around, suggests that Canada’s population is far less likely to blink first, when compared to a divided, exhausted and price-gouged American population. In wars we talk about the “defender benefit” in trade wars that holds true as well. Having something worth fighting for and a unified hate of a common enemy is a powerful thing.