Eranziel

joined 2 years ago
[–] Eranziel@lemmy.world 3 points 4 days ago

Trump has been fabricating victim stories since the start of this whole saga - trade deficit, fentanyl are both not actually problems big enough to warrant his actions, but were provided as the reasons.

[–] Eranziel@lemmy.world 14 points 4 days ago

If the US wasn't Canada's friend, then the US had no friends. We've been each others' closest allies for a century, if that doesn't count, what does?

[–] Eranziel@lemmy.world 6 points 5 days ago

I'm quite sure the actual transaction is between private American utility companies and their counterparts across the border. There likely is a contract in place between the two companies which agrees on pricing, which would either spell out how rates are calculated, require a guaranteed warning period before rate increases, or disallow rate changes until the contract expires and is renewed.

However, Ford isn't talking about a rate change between the companies. Even though it's not a physical good, it's cross-border trade which means it happens at the pleasure of the governments on both sides. Ford is talking about applying a tax to the electricity, which I assume his government has the power to do. Contracts between private entities cannot stop the government from levying a tax if it chooses.