Reposted by Christopher Vatis
Canada's new tariffs took effect today.
Everyone wants to know if this is bad news.
Short run: barely. Long run: worse than almost anyone is saying.
newsletter.platypuseconomics.com/p/…
newsletter.platypuseconomics.com
A Deal With the United States Used to Be a Deal
The tariffs Ottawa and Washington traded today are small change. What we're actually spending is Canada's belief that we're a country worth building a factory next to.