S550HPP
Well-Known Member
Canada has hundreds of obstructionist tariffs and volume restrictions on all foreigners, plus hundreds more entrenched anti competitive regulatory obstacles (which are probably the biggest issue e.g, financial services, insurance, airlines, pharma, telecom, media pretty much everything except widgets is defacto banned for foreigner competition). It's all govt subsidized many 10s BN year aimed at protecting special interests. They will make the 95% suffer to peasant status throwing them crumbs of cash to protect the 5% entitled elites.Hopefully Canada will drop the tariffs on our farm and other products and we will then drop these tariffs.
It's a perfect case study of what happens when one party is not sensitive or adaptable to its biggest customer's needs or the market.
Already the worst performing economy in G20 and projected to worst until 2030 at least in OECD 37 counties.
Auto is it's second largest export after Oil and Gas so this is a death blow I'm surprised the auto production plants have not announced closure already given all the unsold inventory.
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