Trump Moves Forward with Tariffs on Canada and Mexico, Citing Trade Deficit and Border Issue

[Yellowtail]

3 minutes ago, Bannoi said:

You really have no idea of economics or how things actually work do you.

Why don't you explain it? 

[John Drake]

18 hours ago, Celsius said:

 

 

Here we go.

 

If you supported Trump like I did, it doesn't mean every one of his policies is correct.

 

I am all for self harming and self annahilling as Canada deserves it having such a stupid liberal government, but you Yanks are shooting yourselves in the foot.

 

Canadian oil IS cheap and Canadian hydro IS cheap. The next generation of Canadians will not be the idiots and will take the business elsewhere. It may take time, but it will be done. 

 

I didn't support Trump. I do support targeted tariffs. And I had hoped that Trump's focus would be on China as well as some scoundrels in SE Asia. Frankly, I don't know about the Canadian situation to comment there (btw how are you going to export hydro "elsewhere?" Oil and ng maybe but the US is self sufficient in those latter two). I do understand taking action against Mexico, albeit I like Mexicans and Mexico, because successive governments there have not only encouraged violation of the US border but they've made their country a transit highway for everyone else from Central and South America. The cartels are another matter and need to be tracked down and eliminated.

[John Drake]

17 hours ago, KhunLA said:

Not in the market, so don't care myself ...  this is what matters

And hopefully higher tariffs = higher inflation & COL

 

 

Hope you are correct.

[theshu25]

11 minutes ago, Hummin said:

Exactly, you prove for everyone the troll you are. You do not even know my political view, you just hand out labels as it suits you. 

You have to remembe r,the guy is not that bright,Makes it up as he goes.

[Yellowtail]

1 minute ago, EVENKEEL said:

Chump change compared to CA fuel taxes. 

Yet California's debt is over $4,000 for every man, woman and child in the state, legal or illegal, and last year's deficit alone was almost $1,800 per person. 

[Yellowtail]

1 minute ago, theshu25 said:

You have to remembe r,the guy is not that bright,Makes it up as he goes.

Another English teacher. 

[Yagoda]

15 minutes ago, Hummin said:

Exactly, you prove for everyone the troll you are. You do not even know my political view, you just hand out labels as it suits you. 

Your posts speak for themselves.

[Yagoda]

11 minutes ago, Bannoi said:

You really have no idea of economics or how things actually work do you.

Well I do know that tariffs properly applied are in our national interest, how bout you.?

[Hummin]

So 25 percent taxation is quite normal world wide in socialist countries, but it is us, the consumers who pays the price.

 

The comedy here, only 10% on Chinese goods. 

 

Magas still defending their leader, even it is themselves who is the ones who paying the price. Doesnt get more ironic than that. Monthy Python comes to mind, or is it something im missing? 

 

Canada enforce the same, Mexico as well, China can live with 10% only, since they will have to deliver more to Americans they useally got from their Neighbors. 

 

Europe get better deals.

 

A the same time Don using houndreds of millions to depot immigrants where many of those actually work, and er decent citizens, and now Americans lack employees, becaus they do the dirty work Americans are to lazy to do themselves

[Hummin]

15 minutes ago, Yagoda said:

Your posts speak for themselves.

Really, 

[Lacessit]

4 hours ago, stevenl said:

China doesn't have many retaliatory options stm. Most likely is an export ban on more precious materials.

IIRC American debt to China is $900 billion.

 

China produces 95% of the world's rare earths. An embargo on export would cripple  production of TV's, electric cars... you name it.

 

China imports a lot of food from the USA. $36 billion in 2022.

 

If China goes shopping elsewhere for its food, where does that leave American farmers?

 

In Trump's first term, his trade war with China cost American farmers dearly. Obviously he is incapable of learning from history.

 

Insanity is doing the same thing over and over, and expecting a different result.

[Yellowtail]

1 minute ago, Lacessit said:

IIRC American debt to China is $900 billion.

 

China produces 95% of the world's rare earths. An embargo on export would cripple  production of TV's, electric cars... you name it.

 

China imports a lot of food from the USA. $36 billion in 2022.

 

If China goes shopping elsewhere for its food, where does that leave American farmers?

 

In Trump's first term, his trade war with China cost American farmers dearly. Obviously he is incapable of learning from history.

 

Insanity is doing the same thing over and over, and expecting a different result.

Yet American farmers overwhelming supported Trump in 2024. 

 

Maybe some Americans (not the left of course) care about more than just money. 

[simple1]

4 hours ago, Yagoda said:

Ill pay a few bucks more if necessary to get these countries to cooperate. Im an American Taxpayer, unlike most of the screeching haters posting.

 

You think applying tariffs will slow down fentanyl smuggling and illegal migrant crossings? How about the US taking action to stop illegal crossings from US to Canada? US stopping illegal fentanyl consumption in the US etc etc etc - trump's a moron. Example stats...

 

Canada has been experiencing an influx of individuals crossing the Canada-United States border between ports of entry 

 

https://www.irb-cisr.gc.ca/en/statistics/Pages/Irregular-border-crosser-statistics.aspx

[retayl]

10 hours ago, Yagoda said:

I dont belong to a cult.

 

I am a proud American who pays my taxes and demands accountability from my government as to what they spend.

 

I demand that my Government defend our borders and culture.

 

I demand that my government does not interfere with my freedoms as set forth in our Constitution.

 

The Trump administration is acting in accord with my philosophy

 

My "cult" is freedom, hard work, personal responsibility and patriotism.

 

 

Yours evidently is hate and jealousy. Another furriner I reckon.

Well your “philosophy” is about to <deleted> up your economy along with the rest of the western world. But daddy Putin & Xi will show your man appropriate gratitude. Incidentally the word is foreigner.

[Yagoda]

4 minutes ago, simple1 said:

You think applying tariffs will slow down fentanyl smuggling and illegal migrant crossings?

Yes, if Canada cooperates.

 

5 minutes ago, simple1 said:

How about the US taking action to stop illegal crossings from US to Canada?

Im sure thats in the cards, we have only been at it for 10 days

[Yagoda]

6 hours ago, retayl said:

Well your “philosophy” is about to <deleted> up your economy along with the rest of the western world. But daddy Putin & Xi will show your man appropriate gratitude. Incidentally the word is foreigner.

Well you wouldnt know, would you? Your minimal intellectual depth is best illustrated by your phrase about daddy. And you arent lucky enough to be one of us.

[Bannoi]

42 minutes ago, Yellowtail said:

Why don't you explain it? 

Put very simply economics is about supply and demand it’s about what you have available and what people want. 

Something high in demand but low in supply prices high or rising prices, on the other hand something high in supply but low in demand prices low or falling.

Or prices too high - demand falls whereas lower prices can lead to higher demand.

As countries respond to Trumps tariffs by imposing their own tariffs on American goods making American goods more expensive demand will fall consumers will simply buy from other suppliers from other countries. 

Result unless American supplier can sell more domestically it could possibly lead to the supplier downsizing or even going out of business resulting in more unemployment.

More unemployment leads to less demand domestically combined with less exports could possibly lead to a recession.

Any goods made in America using components from other countries subject to tariffs will also be more expensive even in America.

[Yellowtail]

4 minutes ago, Bannoi said:

Put very simply economics is about supply and demand it’s about what you have available and what people want. 

Something high in demand but low in supply prices high or rising prices, on the other hand something high in supply but low in demand prices low or falling.

Or prices too high - demand falls whereas lower prices can lead to higher demand.

As countries respond to Trumps tariffs by imposing their own tariffs on American goods making American goods more expensive demand will fall consumers will simply buy from other suppliers from other countries. 

Result unless American supplier can sell more domestically it could possibly lead to the supplier downsizing or even going out of business resulting in more unemployment.

More unemployment leads to less demand domestically combined with less exports could possibly lead to a recession.

Any goods made in America using components from other countries subject to tariffs will also be more expensive even in America.

Well, that's a small part of economics, but has anyone said anything that goes counter to that? 

[Bannoi]

4 minutes ago, Yellowtail said:

Well, that's a small part of economics, but has anyone said anything that goes counter to that? 

Exactly it's a very simplified explanation of a very complex subject only time will tell but the signs aren't lookin good.

[Yellowtail]

Just now, Bannoi said:

Exactly it's a very simplified explanation of a very complex subject only time will tell but the signs aren't lookin good.

What signs? 

[scottiejohn]

1 hour ago, Yagoda said:

If I was a Socialist, you would celebrate my having sex with goats.

Did you have to move to Cambodia because you got caught?

[Yellowtail]

Just now, scottiejohn said:

Did you have to move to Cambodia because you got caught?

Scotland 

[scottiejohn]

Just now, Yellowtail said:

Scotland 

Why?

[Yellowtail]

2 minutes ago, scottiejohn said:

Why?

 Because you got caught

[scottiejohn]

1 hour ago, Bannoi said:

You really have no idea of economics or how things actually work do you.

It has no idea how anything works only that anyone who disagrees with it is immediatly tagged as leftist/socialst!

[KhunLA]

1 hour ago, John Drake said:

 

Hope you are correct.

Me too, and he doesn't do a repeat of last administration, when we loss ~5 baht over 4 years.

 

I really wanted Harris to win 

[BritManToo]

5 minutes ago, KhunLA said:

Me too, and he doesn't do a repeat of last administration, when we loss ~5 baht over 4 years.

I really wanted Harris to win 

Loss of currency value more to do with economy busting COVID restrictions, unless you can point out a western currency that hasn't lost value in the past 5 years?

[KhunLA]

4 minutes ago, BritManToo said:

Loss of currency value more to do with economy busting COVID restrictions, unless you can point out a western currency that hasn't lost value in the past 5 years?

I'm all in favor of another pandemic.  Even better, and don't care if the USD gets a bump up or knocked down, as 35M less tourist here would be beautiful again 

[scottiejohn]

4 minutes ago, Yellowtail said:

 Because you got caught

Any chance that you could make a post(s) that makes any sense!

You posted the one word "Scotland" in reply I asked why!

 Your typical nonsensical response is above!

Please explain it!

[gargamon]

1 hour ago, James105 said:

 

Don't see how Canada wins this particular battle with something like 77% of their exports going to the US.  If Americans do not want to pay 25% extra and choose local products instead (where available) then Canada will be in trouble.  Also, with half of their country speaking French it is inevitable at least that half will want to surrender.  I'm expecting this to be the shortest trade war in trade war history.  

I seem to recall that it was Trump who folded last time when he applied tarrifs and Canada retaliated, over NAFTA I believe. Yes, he got a new deal with his signature on it but it was essentially the same as NAFTA. No advantages for the US. Art of the deal? 555 Expect the same here.