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Cake day: June 11th, 2023

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  • We’ve been so discombobulated over the past few months because we don’t have a backup plan. It’s easy to joke about us being the 51st state because we are so tightly integrated with the US already.

    If we were less reliant on US trade, unilateral US tariffs would be less effective. We would have partners and allies elsewhere. If Germany was reliant on our steel, or India was reliant on our aluminum, we would hopefully be able to wring support out of them.

    We’re talking hypotheticals, so it’s hard to know what would change if we’d made different choices in the past. But, generally, bullies pick on those they can victimize. We’re easy to victimize because we don’t have an economic plan B.