As always, the best time to plant a tree was 20 years ago. And if we take Conservative talking points in good faith, proctective trade policies buttress the economy in the long term. Right?
But I think you're wrong about the extractive side -- Canada has huge rare earth reserves, and while tapping into them does require an investment of time and effort, there's no reason we couldn't compete with China there.
And don't even get me started on how unattractive Canadian oil is on the international market. The same "can't compete with China" flavor of argument should apply just as well there if it makes any real sense.
Massive silicon crystal growth factories are. And they are a major capital investment. A capital investment China did almost a decade ago at large scale.
But I think you're wrong about the extractive side -- Canada has huge rare earth reserves, and while tapping into them does require an investment of time and effort, there's no reason we couldn't compete with China there.
And don't even get me started on how unattractive Canadian oil is on the international market. The same "can't compete with China" flavor of argument should apply just as well there if it makes any real sense.