If the Looney is ultimately backed in value against other fiat currencies, which are all ultimately pegged to the USD/FRN as the world’s reserve currency through the FOREX and SWIFT systems…
What exactly are… are Canadians effectively taxing us our own money for the honor of us giving them stuff? We hike prices in our own markets by getting rid of it, potentially undercut their industries, and they charge us to do it?
Exchange rates are tricky, can someone please clarify? That can’t be right.
How much milk do we ship Canada? Looks like we ship them over 3510 Tons of yogurt yearly, but the kind dears let in the first 332 tons duty free, before charging us 270%. So effectively they charge us 243%. How kind. (The numbers vary throughout this process)
Canada negotiated a quota limit of 332 metric tons (MT) in its trade agreements. Anything above this amount is subject to an over-quota tariff of 237.5 per cent
For example, in 2010, yogurt imports that entered the Canadian domestic market under supplemental import permits were approximately 3,510 MT.
By comparison, Canada produces a mere 382 tons of yogurt.
We are trading ~0.16% of our consumption of yogurt to Canada. Will our producers even feel this....slow down in production? I feel bad for any mom and pops that produce yogurt and trade with canada on an exclusive basis and such, but we aren't being screwed. Only canadian consumers are.
Can someone answer me this?
If the Looney is ultimately backed in value against other fiat currencies, which are all ultimately pegged to the USD/FRN as the world’s reserve currency through the FOREX and SWIFT systems…
What exactly are… are Canadians effectively taxing us our own money for the honor of us giving them stuff? We hike prices in our own markets by getting rid of it, potentially undercut their industries, and they charge us to do it?
Exchange rates are tricky, can someone please clarify? That can’t be right.
How much milk do we ship Canada? Looks like we ship them over 3510 Tons of yogurt yearly, but the kind dears let in the first 332 tons duty free, before charging us 270%. So effectively they charge us 243%. How kind. (The numbers vary throughout this process)
https://www.thedairysite.com/articles/2750/dairy-trade-flows-between-the-us-and-canada/
By comparison, Canada produces a mere 382 tons of yogurt.
https://agriculture.canada.ca/en/sector/animal-industry/canadian-dairy-information-centre/dairy-industry
I’m gonna stop there …. [angry mumblings]. We ARE their yogurt supply chain, and “their” government is screwing both us AND Canadians.
Really, it doesn't. The US consumed 4,627 million pounds of yogurt in 2023. We trade 3,510 metric tons (7,738,225 pounds, or 7.7 million pounds) to Canada. This is based on Statista: https://www.statista.com/statistics/1066974/us-yogurt-consumption/
We are trading ~0.16% of our consumption of yogurt to Canada. Will our producers even feel this....slow down in production? I feel bad for any mom and pops that produce yogurt and trade with canada on an exclusive basis and such, but we aren't being screwed. Only canadian consumers are.