Trump’s tariff threat is a sign that Canada should be diversifying beyond the U.S.
A way for Canada to reduce its dependency on the U.S. would be to diversify its trading partners, which, in turn, would strengthen Canada’s bargaining position.
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We need more self sufficiency in manufacturing and agriculture.
Everyone does. Capitalism fucked everyone with outsourcing.
Yes i agree, but the problem with that is the goods would be expensive because of the wages that would need to be paid. It's one of the main reasons that this stuff left canada in the first place. We do have alot of agriculture here, but when it comes to some crops its chepaer for us to import it than grow it. I don't know how we would fix things, but there would need to be adjustments
Paying people proper wages doesn’t increase the price much of goods and services much.
as an example, do you think a iphone made in china vs made in canada would be the same price? because it wouldn't be. The reason products from china are so cheap is because of cheap labor
It is not as simple as that, as China is really good at the markets of scale strategy. We could have the same thing here in north america that could reduce the transport costs and keep the money/expertise within the continent.
Instead the companies are allowed to offshore the jobs to lower the working standards and the wages.
We used to have call centres here and yet a lot of them moved to India.
But that's the point. The only things keeping products at their prices now are keeping jobs offshore. Also the wages people would want to be paid to manufacture base goods would be quite higher than what china pays their workers (and im not saying that's a bad thing). What transport costs make it more expensive than shipping overseas?
Cheap. When is a iPhone cheap. Elastic pricing people by it they keep raising prices and pocket the money.
So we would vy less companies would make less. Hopefully perfect world we would make more.