Bill Kelly: A trade war hurts, but Canada has no other choice

Trump claims U.S. has a $100B trade imbalance with Canada
U.S. President Donald Trump claimed Tuesday he implemented "counter-veiling tariffs" in order to level-off an alleged trade imbalance with Canada, which he claimed was as high as $100-billion.

A group of business executives and economists paraded in front of a Parliamentary committee Tuesday to tell us what we already knew: namely, that the current trade war with the United States will hurt Canada more than the U.S.

The sheer size and power of the American economy on the world stage is a given, but with that power, comes responsibility, and responsibility is not something Donald Trump acknowledges.

Morneau says U.S. tariffs not helpful, defends Canada’s tariffs
Morneau says U.S. tariffs not helpful, defends Canada’s tariffs

WATCH: Bill Morneau says U.S. tariffs not helpful, defends Canada’s tariffs

Canada’s retaliatory tariffs go into effect next week, and the warning from some of those economists is that Canada’s action will only anger Trump and could trigger even more hurtful tariffs on the Canadian auto industry.

But really, what choice do we have? Do we sit back and watch the Canadian steel industry wither and die because of Trump’s steel tariffs, which were imposed to fix a problem that doesn’t exist? How do you negotiate with someone who doesn’t want to negotiate, but to dominate?

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READ MORE: Steel, auto tariffs could trigger recession in Canada, industry reps warn

Let’s not forget that Canada is not alone in this battle. Germany, France and the U.K., among others, are pushing back against Trump’s unjustified and punitive actions.

The economists were quite correct: when you stand up to a bully, you run the risk of getting banged up yourself.

But the alternative, to become subservient to the bully, is a far more ominous scenario.

Bill Kelly is the host of the Bill Kelly Show on Global News Radio 900 CHML.