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JamesBugman Your post contains several misconceptions and inaccuracies regarding tariffs, international trade, and resource ownership between Canada and the United States. Here’s a breakdown to clarify:
1. How Tariffs Actually Work:
Tariffs are taxes imposed by a government on imported goods. If the U.S. imposes a 25% tariff on goods from Canada, the U.S. government collects this tax from the U.S. importer, not the Canadian seller.
The money does not go to any private bank account. It goes to the U.S. Treasury, which funds government operations. Claims about funds going to personal accounts are unfounded.
2. Impact of Tariffs:
U.S. buyers/importers bear the initial cost of the tariff, but they may pass it on to consumers through higher prices.
Some U.S. buyers might negotiate lower prices with Canadian sellers, but Canadian companies are not obligated to reduce prices. If it’s not profitable, they may seek other markets.
3. Domestic Production:
The goal of tariffs can be to encourage domestic production by making foreign goods more expensive. However, shifts in production take time and may not happen within a specific administration’s term.
4. Oil Ownership and Trade:
The statement that "the U.S. owns most of Canada's oil resources" is incorrect.
Canada owns its oil resources, and they are primarily controlled by Canadian companies and provincial governments, especially in Alberta. Some U.S. companies invest in Canadian oil projects, but this is through legal business investments—not ownership of the resources themselves.
5. U.S.-Canada Energy Relationship:
The U.S. and Canada have a mutually beneficial energy trade relationship. Canada exports significant amounts of oil to the U.S., but this is due to economic agreements, not resource ownership.
6. Political Allegations:
Claims about political figures being paid off or supporting foreign interests without evidence are speculative and lack credible backing.
