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

[Keep Right]

Good for Trump, this is long due. Most countries including Canada have been living on the coat tails of the United States benefiting from the US strong economy due to innovation, education and the American work ethic. Canada, a socialist state, redistributes its wealth, much gotten from trade deficits from the U.S., based on woke policies which only encourage a poor work ethic and environment. 

[Bannoi]

13 minutes ago, Yellowtail said:

What signs? 

Tariffs and trade wars are never good I am expecting the markets to react negatively when they reopen after the weekend.

I cannot predict the future I can only make informed and considered assumptions. Only time will tell.

[Hummin]

37 minutes ago, Yagoda said:

Yes, if Canada cooperates.

 

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

War on drugs 54 years, and war on terror 24 years, how did it go do you think? 

 

Now war on what? 

 

 

[gargamon]

4 minutes ago, Hummin said:

War on drugs 54 years, and war on terror 24 years, how did it go do you think? 

 

Now war on what? 

 

 

War on democracy.

[Hummin]

7 minutes ago, Keep Right said:

Good for Trump, this is long due. Most countries including Canada have been living on the coat tails of the United States benefiting from the US strong economy due to innovation, education and the American work ethic. Canada, a socialist state, redistributes its wealth, much gotten from trade deficits from the U.S., based on woke policies which only encourage a poor work ethic and environment. 

70 hours work a week is good work ethics? 2 Weeks leave a year, making the tycons and shareholders rich, while average Joe cant give his kids proper education, or helthcare? Great country

[Hummin]

2 minutes ago, gargamon said:

War on democracy.

I tend to agree, the democrazy model have goe to far in many cases and right now the far right and far left has lost the middle ground, and became idiocracy. 

[Yagoda]

2 minutes ago, Yellowtail said:

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

An analysis of the economic effect of tariffs is far more complex than the simplistic talking points recited by anti Trumpers and anti Americans.

 

For example, where are such wild cards as the overall economic effect of reshoring, in whole or in part (ie increased wages)? Can you imagine changing over a  plant in Ky to start up an EV line from Oakville, Ont, or shutting down a plant in Hamilton to increase production in Tn? Wouldnt it be a safe bet that many manufacturing plants owned by American companies would shift production out?

 

As long as we are dealing with what ifs, have folks considered them all?

[pegman]

31 minutes ago, Keep Right said:

Good for Trump, this is long due. Most countries including Canada have been living on the coat tails of the United States benefiting from the US strong economy due to innovation, education and the American work ethic. Canada, a socialist state, redistributes its wealth, much gotten from trade deficits from the U.S., based on woke policies which only encourage a poor work ethic and environment. 

The average Canadian is wealthier, lives longer, is happier and has more paid time off work than the average Yank. We also do not have to worry about every third healthcare claim being denied since it's a government social benefit and we don't have to put in claims. 

[jvs]

Canada will put a 100% tariff on Tesla cars,some one will not like that!

 

[candide]

7 hours ago, gargamon said:

This is all subterfuge. Trump needs to show income so he can justify making the tax cuts for the billionaire class permanent. The MAGA rubes that voted for him will, of course, get screwed. Trumpflation, then Trumpcession, then Trumpression, maybe even the Great Trumpression. It only took him 18 months to destroy Obama's longest period of economic expansion in US history. Obviously even less to destroy the good economy he inherited this time.

 

Trudeau's retaliatory tarrifs will be announced shortly.

That's the plan. American businesses and consumers (including MAGA rubes) will pay tariffs, and the money collected will finance text cuts for (mainly) the rich!

 

The most affected will be the lower classes which spend most of their revenues because there's not much money to spare, and buy cheap imported goods. They also pay little tax, so tax cuts won't help them.

[candide]

6 hours ago, Yellowtail said:

This one is also good!

[Social Media]

A topic clean up with a number of posts have been removed due to off topic bickering. @Will B Good one of your posts removed for extremely offensive name calling of a political figure.

 

Please discuss the topic:

 

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

[Smokin Joe]

3 hours ago, Hummin said:

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

 

Citizens? Really?

 

No! People in the USA illegally are not citizens, they are criminals. Which is why they are referred to as illegal aliens.

 

Do you also believe that someone on overstay in Thailand is considered a Thai citizen?

[candide]

There's just a small detail.... 🤣

Canada, Mexico and China represent 40% of U.S. exports.

Add European countries and it's more than 60% of U.S. exports.

 

Of course, they will not put retaliatory tariffs on everything, but they can easily hurt the U.S. economy.

[herfiehandbag]

1 hour ago, Yagoda said:

Can you imagine changing over a  plant in Ky to start up an EV line from Oakville, Ont, or shutting down a plant in Hamilton to increase production in Tn?

If Kentucky, or Tennessee, have no factory, no plants, no networks of component suppliers, no skilled employees or managers, no engineers with the experience or knowledge, in fact no background in manufacturing electric cars, would it not be prohibitively expensive to invest in all that, and might it not take a very long time - certainly more than 4 years, by which time it is very possible that the whole political and economic climate will have changed.

[Yagoda]

2 minutes ago, herfiehandbag said:

If Kentucky, or Tennessee, have no factory, no plants, no networks of component suppliers, no skilled employees or managers, no engineers with the experience or knowledge, in fact no background in manufacturing electric cars, would it not be prohibitively expensive to invest in all that, and might it not take a very long time - certainly more than 4 years, by which time it is very possible that the whole political and economic climate will have changed.

I used KY and TN as an random examples of nothing. Im sure there are plants somewhere, ja?. Did you know that Ford is supposed to put 4 billion dollars into Oakville Ontario to produce F-series pick ups? Got plants in Missouri to do that too hmmmmm

[herfiehandbag]

1 hour ago, pegman said:

The average Canadian is wealthier, lives longer, is happier and has more paid time off work than the average Yank. We also do not have to worry about every third healthcare claim being denied since it's a government social benefit and we don't have to put in claims. 

Ah, but when you are the 51st state you will no longer have to worry about health care (you won't have any), or paid time off work, (again you won't have any). You can join the happy helots of Mr Trumps oligarchy, whilst your erstwhile country is stripped of its resources by that same oligarchy. How much simpler it will all be!

[Lacessit]

I for one am going to really enjoy the squealing of the MAGA worshippers, when the light dawns on them that their hero has thrown them under a bus. Welcome to a recession, and higher cost of living.

 

What Trump is doing highlights the importance of being careful what you wish for.

[BangkokReady]

On 2/1/2025 at 6:12 AM, kwonitoy said:

Go ahead and tariff your oil imports einstein, that'll make eggs cheaper

 

If they tariff the oil, and use US oil instead, what will that do?

[0ffshore360]

On 2/1/2025 at 1:20 PM, John Drake said:

 

Some necessities may indeed increase in cost. But many of these "goods" whose price will increase will not be sold. And that is something that could benefit America. Americans buy too much stuff, a lot of junk and a lot of gizmos that aren't needed. One of the things tariffs can do is stop people from spending and have them start saving instead. Americans need to do that. So what if they don't buy a new phone every year or TV every couple of years or other gadgets they don't need. That will put few Americans out of work. Whose going to be impacted? Maybe Amazon and other online retailers. The days when these sort of things would put Americans selling things in shops and malls out of business and out of work are behind us. It'll be the foreign manufacturers who suffer.

Western economies are reliant on expanding consumerism . Trump's attempts to dictate cross border trade in some illusion that it will  instantly create home  territory production sufficient to satisfy a self indulgent society willing to accept a rapid and significant  downgrade in social ability to purchase basics let alone the previously available affordable  cheap symbols of  social  success.

As has happened when historical trade agreements have been tainted between countries the rapid practical response is/has been to negotiate diversified global trade with new partners.

Cumulatively that has many times resulted in increased returns.

 

 

[Yagoda]

51 minutes ago, Lacessit said:

I for one am going to really enjoy the squealing of the MAGA worshippers, when the light dawns on them that their hero has thrown them under a bus. Welcome to a recession, and higher cost of living.

 

What Trump is doing highlights the importance of being careful what you wish for.

Let us know, and the source.

[candide]

47 minutes ago, BangkokReady said:

 

If they tariff the oil, and use US oil instead, what will that do?

They can't because the U.S. mainly produces light oil and a significant share of the refining capacity in the U.S. can only process heavy oil, in particular in the Midwest and Rocky Mountains region. 

[metisdead]

A post with nothing other than a trolling meme has been removed.

[gamb00ler]

On 2/1/2025 at 11:38 AM, spidermike007 said:

In the end huge tariffs may encourage companies to pull out of China, which is a good thing, 

This may be true in some instances.  It will work for products that are primarily purchased in the US.  Companies that produce products that are sold globally will be forfeiting the reduced labor costs if they return their manufacturing to the US.  That will cause the US product to become more expensive than products from their non-US owned and non-tariffed competitors.

[gamb00ler]

2 hours ago, BangkokReady said:

 

If they tariff the oil, and use US oil instead, what will that do?

FAIL!   Do some more research.

[Tug]

1 hour ago, Yagoda said:

Let us know, and the source.

Well jee use me as an example I want to replace a roof over one of my properties I need to create 8 trusses spanning 28 feet total before trumps first term and his tariffs (tax) on steel the material would have cost 700$ now each stick (20foot) piece costs 90$ times 4 per truss times 8 there’s a real simple example for ya real world.and yes I fabricate the trusses myself I’m a hands on kinda guy.now we just had a garage built at our home in Thailand,a similar amount of material total cost including roofing 800$ all core 10 steel (rust resistant) we the American consumers pay the price period all stop.this trump tax also stifles competition why would any American company lower prices now they have their man in the White House killing off their competitors…….and we pay.It is what it is.Id advise any American consumer that needs a washer/dryer,TV or any other large manufactured item to get it immediately prices and inflation are going to explode!

[Yagoda]

15 minutes ago, Tug said:

Well jee use me as an example I want to replace a roof over one of my properties I need to create 8 trusses spanning 28 feet total before trumps first term and his tariffs (tax) on steel the material would have cost 700$ now each stick (20foot) piece costs 90$ times 4 per truss times 8 there’s a real simple example for ya real world.and yes I fabricate the trusses myself I’m a hands on kinda guy.now we just had a garage built at our home in Thailand,a similar amount of material total cost including roofing 800$ all core 10 steel (rust resistant) we the American consumers pay the price period all stop.this trump tax also stifles competition why would any American company lower prices now they have their man in the White House killing off their competitors…….and we pay.It is what it is.Id advise any American consumer that needs a washer/dryer,TV or any other large manufactured item to get it immediately prices and inflation are going to explode!

We need to have a make america punctuate again movement. Please advise us as to how much of the price increase was inflationary vis a vis tariffs.

[Tug]

1 minute ago, Yagoda said:

We need to have a make america punctuate again. Please advise us as to how much of the price increase was inflationary vis a vis tariffs.

I’m a builder not a speller trumps tariffs are inflationary they are a driver of that pernicious evil 

[gamb00ler]

6 hours ago, Keep Right said:

Good for Trump, this is long due. Most countries including Canada have been living on the coat tails of the United States benefiting from the US strong economy due to innovation, education and the American work ethic. Canada, a socialist state, redistributes its wealth, much gotten from trade deficits from the U.S., based on woke policies which only encourage a poor work ethic and environment. 

Nice rant.... but short on logic.

The trade deficit with Canada primarily arises because US buys a lot of natural resources from Canada and sells very little of that type of commodity to Canada.

 

Please explain how "woke" policies enter into this type of trade.

 

[kwonitoy]

6 hours ago, BangkokReady said:

 

If they tariff the oil, and use US oil instead, what will that do?

 

A lot of US refineries are only set up to process heavier crude that comes from Canada and Venezuela,

You can change a refinery to process different oil if you have several years and billions of dollars to do so.

US oil is mostly of the lighter grade, some of that is refined in the US for their own use but they rely on our heavy crude as it's bought at a discount because it requires more processing

A lot goes for export.Some of it back to Canada

The oil and gas industry in North America is setup to transfer product back and forth

 

Heavy crude is exported from Vancouver to Washington state and gasoline is sent back to the lower mainland

The oil business lives on exporting and importing, Even Saudi imports refined products