1st Mexico now Canada. Tariffs on hold.

[dinsdale]

Trump pauses tariffs on Canada for at least 30 days, Trudeau says

Trudeau in his tweet said, “I just had a good call with President Trump,” and suggested that the pause on tariffs was in response to Canada’s agreement to target the flow of the deadly opioid fentanyl across the border into the United States.

Trudeau said Canada had made new commitments “to appoint a Fentanyl Czar,” among other measures.

“Proposed tariffs will be paused for at least 30 days while we work together,” Trudeau wrote.

https://www.cnbc.com/2025/02/03/trump-canada-tariffs-trudeau.html

 

 

https://www.cnbc.com/2025/02/03/trump-canada-tariffs-trudeau.html

[dinsdale]

The "stick" part of "carrot and stick" seems to be working.

[John Drake]

These look like face saving measures for Trump. And bringing any more Mexican army troops to the US border only makes the situation worse, not better. They've actually pulled cross border intrusions in order to run cover for the cartels. 

[impulse]

22 minutes ago, John Drake said:

These look like face saving measures for Trump. And bringing any more Mexican army troops to the US border only makes the situation worse, not better. They've actually pulled cross border intrusions in order to run cover for the cartels. 

 

The important thing was to get Mexico to concede that they need to take action on the border.  All those migrants traipsing from south to north across Mexico are not just America's problem. 

 

How they eventually handle it is anyone's guess.  It's still early days.

 

Edit:  Trump doesn't want a trade war.  But he's signaled that he's not afraid of one. 

 

[stevenl]

4 hours ago, dinsdale said:

The "stick" part of "carrot and stick" seems to be working.

Not at all. He caved.

 

 

[BKKKevin]

5 hours ago, dinsdale said:

The "stick" part of "carrot and stick" seems to be working.

 

Or the paper tiger was told consequences... A pause is not a solution...

Either way he will claim victory and in a month will say the problem solved (Think of NAFTA 2)....And his gullible followers will cheer the great and powerful man behind the curtain... 

 

[lordgrinz]

You forgot Columbia.

 

1) Columbia

2) Mexico

3) Canada

Next?

[CallumWK]

Word on the street is that nobody folded, but that Trump is nothing more than a windbag, and that they told him what it would cost the people who voted for him.

https://finance.yahoo.com/news/heres-how-much-tariffs-on-canada-and-china-would-cost-you-214017803.html

Ahead of the announcement that the US would pause tariffs on Canada for 30 days, the Yale Budget Lab estimated 25% tariffs on Canadian imports and a 10% additional tariff on Chinese goods would cost American households about $690 each.

That figure assumes Canada retaliates with tariffs of its own, according to analysis first shared with Yahoo Finance. If it doesn’t, the cost would be $648 per household. Tariffs on Canada would also shrink the US economy by $875 billion, or 0.2% of gross domestic product.

And when including tariffs on Mexican goods, import taxes on all three countries would cost about $1,245 per household while reducing GDP by $1.4 billion.

[lordgrinz]

6 minutes ago, CallumWK said:

Word on the street is that nobody folded, but that Trump is nothing more than a windbag, and that they told him what it would cost the people who voted for him.

https://finance.yahoo.com/news/heres-how-much-tariffs-on-canada-and-china-would-cost-you-214017803.html

Ahead of the announcement that the US would pause tariffs on Canada for 30 days, the Yale Budget Lab estimated 25% tariffs on Canadian imports and a 10% additional tariff on Chinese goods would cost American households about $690 each.

That figure assumes Canada retaliates with tariffs of its own, according to analysis first shared with Yahoo Finance. If it doesn’t, the cost would be $648 per household. Tariffs on Canada would also shrink the US economy by $875 billion, or 0.2% of gross domestic product.

And when including tariffs on Mexican goods, import taxes on all three countries would cost about $1,245 per household while reducing GDP by $1.4 billion.

 

Check the record player, it seems to be skipping.

[novacova]

22 minutes ago, John Drake said:

These look like face saving measures for Trump.

Yet Canada and Mexico took the face saving measures…

23 minutes ago, John Drake said:

And bringing any more Mexican army troops to the US border only makes the situation worse, not better.

Better not worse by forcing Mexico’s hand…

25 minutes ago, John Drake said:

They've actually pulled cross border intrusions in order to run cover for the cartels. 

…to further expose the insidious Mexican corruption and putting the Mexican government in a corner of having the cartels being militarily targets as an international terrorist organization. Though it’s understandable that small minds are unable to comprehend the broader scope.

 

[impulse]

6 minutes ago, CallumWK said:

Word on the street is that nobody folded, but that Trump is nothing more than a windbag, and that they told him what it would cost the people who voted for him.

https://finance.yahoo.com/news/heres-how-much-tariffs-on-canada-and-china-would-cost-you-214017803.html

Ahead of the announcement that the US would pause tariffs on Canada for 30 days, the Yale Budget Lab estimated 25% tariffs on Canadian imports and a 10% additional tariff on Chinese goods would cost American households about $690 each.

That figure assumes Canada retaliates with tariffs of its own, according to analysis first shared with Yahoo Finance. If it doesn’t, the cost would be $648 per household. Tariffs on Canada would also shrink the US economy by $875 billion, or 0.2% of gross domestic product.

And when including tariffs on Mexican goods, import taxes on all three countries would cost about $1,245 per household while reducing GDP by $1.4 billion.

 

Isn't she from Yale?

 

[impulse]

17 minutes ago, CallumWK said:

Word on the street is that nobody folded, but that Trump is nothing more than a windbag, and that they told him what it would cost the people who voted for him.

https://finance.yahoo.com/news/heres-how-much-tariffs-on-canada-and-china-would-cost-you-214017803.html

Ahead of the announcement that the US would pause tariffs on Canada for 30 days, the Yale Budget Lab estimated 25% tariffs on Canadian imports and a 10% additional tariff on Chinese goods would cost American households about $690 each.

That figure assumes Canada retaliates with tariffs of its own, according to analysis first shared with Yahoo Finance. If it doesn’t, the cost would be $648 per household. Tariffs on Canada would also shrink the US economy by $875 billion, or 0.2% of gross domestic product.

And when including tariffs on Mexican goods, import taxes on all three countries would cost about $1,245 per household while reducing GDP by $1.4 billion.

 

Conspicuously absent is any mention of manufacturing jobs that would be brought back to the USA if the tariffs work...

 

[CallumWK]

5 minutes ago, impulse said:

 

Conspicuously absent is any mention of manufacturing jobs that would be brought back to the USA if the tariffs work...

 

 

You mean those factory jobs that will produce the same thing at a higher cost?

[blaze master]

Hahaha people actually believed these tariffs were going through ? Do you know the work that would of taken to implement. People are so gullible.

[impulse]

2 minutes ago, CallumWK said:

 

You mean those factory jobs that will produce the same thing at a higher cost?

 

As long as it's not over 25% more, sure.  American voters understand that.

 

 

[impulse]

8 minutes ago, blaze master said:

Hahaha people actually believed these tariffs were going through ? Do you know the work that would of taken to implement. People are so gullible.

 

I've been dealing in China on and off since 2000.  It's really not that much work to implement.  It comes out in the HTS update and it's done.  I've been caught out several times when the rates changed during the middle of an order.

 

Harmonized Tariff Schedule   (https://hts.usic.gov)

 

Edit:  Take a look at that link if you wanna see how convoluted it is to import/export.

 

[blaze master]

1 minute ago, impulse said:

 

I've been dealing in China on and off since 2000.  It's really not that much work to implement.  It comes out in the HTS update and it's done.  I've been caught out several times when the rates changed during the middle of an order.

 

Harmonized Tariff Schedule   (https://hts.usic.gov)

 

 

I mean for brokers and logistics etc. sorry should of been more clear. The amount of work that would be needed to change databases is quite huge. Doing that on such a short time frame isn't really feasible.

[CallumWK]

8 minutes ago, impulse said:

 

As long as it's not over 25% more, sure.  American voters understand that.

 

 

 

You would sound funny, if it wasn't a fact that your comment is so sad.

So Trump's voters are happy to pay 25% more for the same thing? I thought he was gonna bring prices down, not up.

[impulse]

16 minutes ago, CallumWK said:

You would sound funny, if it wasn't a fact that your comment is so sad.

So Trump's voters are happy to pay 25% more for the same thing? I thought he was gonna bring prices down, not up.

 

I'm looking for an improvement in quality of Americans' lives, whether that's reducing prices or increasing employment opportunities and wages.   Not an expensive sugar rush like Biden gave us to buy the votes and donations.

 

[CallumWK]

1 minute ago, impulse said:

 

I'm looking for an improvement in quality of Americans' lives, whether that's reducing prices or increasing employment opportunities and wages.   Not an expensive sugar rush like Biden gave us to buy the votes and donations.

 

 

When people have to pay more for goods, it reduces the quality of life, since many will not make ends meet anymore.

Better stop replying with your maga visions, because they sound very foolish and uneducated

[impulse]

11 minutes ago, CallumWK said:

When people have to pay more for goods, it reduces the quality of life, since many will not make ends meet anymore.

Better stop replying with your maga visions, because they sound very foolish and uneducated

 

Why is it that lefties always revert to questioning our IQ or education level?   You know how stoopid it sounds to refer to anyone you disagree with as a MAGA? 

 

Compare IQs and education levels and peak annual earnings, and over 95% of the time, I'd come out ahead on all 3.  I've actually looked it up.  But what does that matter?

 

[OneMoreFarang]

Maybe lots of people told Trump that these tariffs are just stupid. And maybe for a change he listened.

[CallumWK]

3 minutes ago, impulse said:

Why is it that lefties always revert to questioning our IQ or education level? 

 

Is that really a question you are unable to answer yourself?

Just FYI, I vote right wing in every election, but I can't vote in the US elections

 

3 minutes ago, impulse said:

 You know how stoopid it sounds to refer to anyone you disagree with as a MAGA? 

 

You want to deny now that you are a maga proponent, and this whole thread is about maga?

[oxo1947]

1 hour ago, CallumWK said:

Word on the street is that nobody folded, but that Trump is nothing more than a windbag,

 

"Word on the Street".......... 

  

[Hummin]

1 hour ago, CallumWK said:

Word on the street is that nobody folded, but that Trump is nothing more than a windbag, and that they told him what it would cost the people who voted for him.

https://finance.yahoo.com/news/heres-how-much-tariffs-on-canada-and-china-would-cost-you-214017803.html

Ahead of the announcement that the US would pause tariffs on Canada for 30 days, the Yale Budget Lab estimated 25% tariffs on Canadian imports and a 10% additional tariff on Chinese goods would cost American households about $690 each.

That figure assumes Canada retaliates with tariffs of its own, according to analysis first shared with Yahoo Finance. If it doesn’t, the cost would be $648 per household. Tariffs on Canada would also shrink the US economy by $875 billion, or 0.2% of gross domestic product.

And when including tariffs on Mexican goods, import taxes on all three countries would cost about $1,245 per household while reducing GDP by $1.4 billion.

Again, he thinks he can bully and dictate the world, he lives in a different reality. 

 

This will have long term consequences for Usa. Allies have to take precautions for what might come next, and make sure there is other options, and better options

[Yagoda]

2 minutes ago, Hummin said:

Again, he thinks he can bully and dictate the world, he lives in a different reality. 

 

This will have long term consequences for Usa. Allies have to take precautions for what might come next, and make sure there is other options, and better options

There is no better option. Expect your war profiteering country to bow in  submission soon. 

[John Drake]

If Trump is going to give up on tariffs already, how is he going to get rid of the IRS? His Department of External Revenue will not have much to collect if he's going to retreat from tariffs this early in his admin.

[Hummin]

3 minutes ago, Yagoda said:

There is no better option. Expect your war profiteering country to bow in  submission soon. 

Just wondering which twilight zone you exists 

[Eric Loh]

31 minutes ago, impulse said:

 

I'm looking for an improvement in quality of Americans' lives, whether that's reducing prices or increasing employment opportunities and wages.   Not an expensive sugar rush like Biden gave us to buy the votes and donations.

 

Higher prices for generic drugs due to China tariffs will improve quality of live  

[impulse]

6 minutes ago, John Drake said:

If Trump is going to give up on tariffs already,

 

Who's giving up?  He hit them with shock and awe and now he's giving them 30 days to let it sink in and percolate.

 

Just round 1.  It's a long game.