this post was submitted on 11 Jul 2025
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Donald Trump on Thursday announced a 35% tariff on Canadian imports, starting Aug. 1, citing that Ottawa had retaliated with tariffs against Washington.

“Instead of working with the United States, Canada retaliated with its own Tariffs,” Trump said in his letter to Mark Carney, prime minister of Canada, posted on Truth Social.

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[–] Benedict_Espinosa@europe.pub 1 points 21 hours ago

China pretty much did it, and they ended up with 30% - for now, as that may change in August, or at any given moment, of course. Their example, and also the examples of UK and Vietnam, may be used both to argue that escalation is not the solution, and nothing, including whatever concessions, lets anybody to escape tariffs completely; but also that maybe China still got the best it could get out of its tough stance. China, of course, is perhaps not the best example to follow, as they had the most leverage of all against US. EU is now the next in line.

As counterintuitive as it may be, it may be wisest not to retaliate, and just accept the US tariffs as they come, because any broad tariffs this high damage first and foremost the tariffing country. So the best way forward may well be to let the US screw itself with its tariff policy, and wait until somebody with an ounce of brain comes to power there.