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#freetrade

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Even though I would hate to see 35 percent tariffs applied to Canada, I firmly stand with the country and its citizens. This is the worst betrayal Canadians have faced from their friends, family and neighbours in the United States in 95 years at the very deepest point in the Great Depression. We are the truth north strong and free. #elbowsup #freetrade #trade #tariffs

Trump’s #tariffs are a tax on the American people and businesses who import anything. A tariff on Canadian goods is a tax paid by Americans not Canadians. Canada doesn’t pay a penny. Tariffs on Europe, Brazil and China are all a tax on Americans. If someone crunched the numbers you could show that the President has increased taxes on Americans more than any other. #uspoli #tax #freetrade #tradedeal

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⚖️ Regulation & Cooperation

• Global promotion of #DSA & #DMA
• Renewed commitment to multilateralism: UN, G7, G20, OECD, ITU, IGF, UNESCO
• Responsible state behaviour in cyberspace, upholding international rule of law by implementing UN decisions
• Include #digital in #FreeTrade agreements, and dedicated “digital trade agreements”

#GlobalEconomy already feeling drag from #TrumpTariffs

#Trump's #tariffs are increasingly clogging up the wheels of a world #economy which for decades were greased by predictable & relatively #FreeTrade.

Big-name multinationals right down to niche e-commerce players last week cut sales targets, warned of #job cuts & reviewed their #business plans, while major economies revised down growth prospects amid bleak data read-outs.

#recession #trumpcession
reuters.com/world/china/global

One thing that I haven’t seen discussed much about Trump’s tariffs is how it increases the risk of large-scale war going forward.

The free trade economic model adopted post-WW2 was specifically designed to make countries economically interdependent and therefore less likely to go to war with each other. (It was also intended to make the rich even richer, in which it wildly succeeded, but that’s another story.)

Trump’s dismantling free trade will undermine global stability for decades to come. If there is a WW3, we may be able to point to today as a significant contributing factor.