Double-Double Duties

Canada slapshot its retaliatory tariffs on U.S. goods yesterday.

The “dollar-for-dollar” duties range from 15-50% and hit $20B of American goods, matching President Trump’s recent levies on $20B of Canadian goods, which he said was to combat “discriminatory treatment” of American industries. Maple-Leaf commodit-ehs include alcohol, cement, and hockey sticks, while American inventory includes dairy products, appliances, and golf clubs (gander at how much your shopping cart could cost).

Canadian Prime Minister Carney called the tit-for-tat tariffs “necessary to protect” Canadian workers and said that although trade tensions with the U.S. would “come at a cost,” the Great White North has “everything we need to pivot and prosper.”

Meanwhile, Trump is taking an aerial approach in the trade war, threatening to ban Canadian aerospace company Bombardier from selling its planes in the U.S. unless Bombardier flies its manufacturing south.

ETERNAL PERSPECTIVE
Regardless of how tariffs affect the economy, both today and in the long term, their impact doesn’t change the end of the story. Wealth comes and goes—only King Jesus will receive tribute from the whole world.

“The city does not need the sun or the moon to shine on it, because the glory of God illuminates it, and its lamp is the Lamb. The nations will walk by its light, and the kings of the earth will bring their glory into it… They will bring the glory and honor of the nations into it.”
Revelation 21:23-26 (CSB) (read full passage)