[...]
The former parliamentary budget officer Kevin Page projects a contraction in the neighbourhood of the 2009 recession, somewhere between a 2 to 2.5 per cent drop in GDP, along with a ballooning national deficit and debt.
But there's an even bigger story being re-written. It involves Canada's place in the world after 90 years of increased tethering to the U.S. If Trump plows forward he'd be interrupting far more than a few decades of Canada-U.S. free trade; he'd be ending an era that stretches back even longer.
Canada and the United States have steadily built closer economic ties with each other since 1935, as they clawed out of an interminable depression.
These two leaders, Prime Minister Mackenzie King, left, and President Franklin D. Roosevelt, spent a year negotiating the removal of tariffs on hundreds of products during the Great Depression. It set the pattern for generations of trade opening. (National Archives of Canada)
A lot of Americans, just like Canadians are docile non confrontational people, myself included. Peace is always better than war.
That being said, this gives a country like Canada and Mexico the opportunity to fight for us for once and not let the U.S. steamroll us into submission.
This also allows for the EU whom the Trump administration is also going after with threats of Tariffs the opportunity to prepare for a trade war that benefits them.
However, I personally don’t think Trump has the cognitive capacity to get this or come up with these ideas on his own. He’s far too stupid at this point. These threats are being presented to him from other people in my opinion.