Tariffs announced on Canada, China, & Mexico goods

[MajorRewrite]

It does if you're trying to strengthen your economic position to deal with problems like national debt.

No shit, sherlock.

Explain why 300% tariffs are okay for other countries to impose on the US, but 25% tariffs imposed by the US on other countries is 'bad'.

The US economy is ten times bigger than that of Canada, and you think a trade surplus is surprising?

If tariffs just damage the country imposing them, then why does Canada impose up to 300% tariffs on US goods?

Spin as much as you want, but unilaterally imposing new tariffs and starting trade wars is dumb. And it’s going to damage the US economy. Wall Street agrees with me.

If Trump doesn’t like the trade agreement he negotiated with Mexico and Canada, he should sit down with them and negotiate a new agreement. That’s what a sane person would do.

 

[TastySuckToy]

Spin as much as you want, but unilaterally imposing new tariffs and starting trade wars is dumb. And it’s going to damage the US economy. Wall Street agrees with me.

If Trump doesn’t like the trade agreement he negotiated with Mexico and Canada, he should sit down with them and negotiate a new agreement. That’s what a sane person would do.

So your position is that 300% tariffs imposed on the US is totally fine, but Trump using tariffs as a negotiation tactic or imposing 25% tariffs is 'bad'.

Gotcha.

 

[Fuzzy1975]

From Doug Ford, Premier of Ontario.

"Ontario Premier Doug Ford outlined his plan to 'win this tariff war' if Donald Trump makes good on his threat to impost a 25 per cent tariff on Canadian exports, saying he's willing to act on a range of issues — including, if needed, cutting off energy exports from Ontario 'with a smile on my face.'"

To put this in context, if Ford does open the interconnect, and Quebec follows, there will be a black out that even hits Washington DC, and there is fuck all Trump could do.

Think back to the great black out of 2003. This would make that look like a brown out.....*chuckles*

 

[MajorRewrite]

So your position is that 300% tariffs imposed on the US is totally fine, but Trump using tariffs as a negotiation tactic or imposing 25% tariffs is 'bad'.

Gotcha.

So your position is to ignore everything I wrote and pretend you have a point. Gotcha.

 

[Fuzzy1975]

So your position is to ignore everything I wrote and pretend you have a point. Gotcha.

He claims to be in the province that will be hit the hardest by the tariffs....just so you're aware how fucking stupid he is...*chuckles*

 

[TastySuckToy]

So your position is to ignore everything I wrote and pretend you have a point. Gotcha.

The only point you seemed to try, but failed to make, was 'trade wars dumb', and never answering why other countries are totally fine imposing massive tariffs against the US, but the US imposong tariffs is 'bad'.

 

[TastySuckToy]

He claims to be in the province that will be hit the hardest by the tariffs

Do you routinely just dream up claims and posts, and attribute them to other people?

 

[MajorRewrite]

The only point you seemed to try, but failed to make, was 'trade wars dumb', and never answering why other countries are totally fine imposing massive tariffs against the US, but the US imposong tariffs is 'bad'.

My point: Starting trade wars is dumb and will hurt the US economy. Wall Street has the same opinion. Trump tariffs in his first administration caused the US economy to shrink. If Trump thinks the trade agreement he negotiated with Canada and Mexico is bad, he should sit down with them and negotiate a new agreement.

Your point: You cherry-picked a few individual items with high tariffs from the trade agreement Trump negotiated. Canada did not “impose” those tariffs on the US. Trump negotiated those tariffs in an agreement that covers a huge range of items. You think it’s great that Trump is throwing a tantrum about the trade agreement he negotiated.

 

[TastySuckToy]

My point: Starting trade wars is dumb and will hurt the US economy.

Trump's tariff moves are great for the American economy. Look at the chip manufacturing announcement just made today, and several other large corporations moving operations into the US, creating jobs and security of supply for crucial goods.

Your point: You cherry-picked a few individual items with high tariffs from the trade agreement Trump negotiated.

Explain why it's not a problem for other countries to have very high tariffs on US goods, but tariffs by the US on other countries is a 'problem'.

Especially after today, where massive announcements just happened of huge corporations moving their operations into the US for security, avoiding tariffs, creating jobs and ensuring uninterrupted supply of crucial products for the US.

Trump's tariff strategy is working. Or are you so Trump deranged that huge corporations moving massive business into the US is something you're going to actually argue against?

 

[Lazaran]

Trump's tariff moves are great for the American economy. Look at the chip manufacturing announcement just made today, and several other large corporations moving operations into the US, creating jobs and security of supply for crucial goods.

Explain why it's not a problem for other countries to have very high tariffs on US goods, but tariffs by the US on other countries is a 'problem'.

Especially after today, where massive announcements just happened of huge corporations moving their operations into the US for security, avoiding tariffs, creating jobs and ensuring uninterrupted supply of crucial products for the US.

Trump's tariff strategy is working. Or are you so Trump deranged that huge corporations moving massive business into the US is something you're going to actually argue against?

NastyFuckBoi needs to educate itself:

https://www.z2data.com/insights/why-are-semiconductor-companies-shifting-to-the-united-states



Notice that foreign investment in U.S. semiconductor manufacturing WAS RAMPING UP UNDER PRESIDENT BIDEN. (THE CHIPS ACT, etc).

Also:

NastyFuckBoi is an idiot that doesn’t even understand why DonOld is claiming tariffs are required on Canadian, Mexican, and Chinese imports…

*Himt*…DONOLD CLAIMS THE TARIFFS ARE PUNISHMENT FOR THE FENTANYL TRADE.

Hope that ^ helps.



NastyFuckBoi

 

[MajorRewrite]

Trump's tariff strategy is working. Or are you so Trump deranged that huge corporations moving massive business into the US is something you're going to actually argue against?

Most of Trump’s promised tariffs haven’t gone into effect yet, so it’s comical to pretend they are “working”.

Trump’s tariffs from his first administration had a net negative impact on the economy. His larger new tariffs will have a larger negative impact if he goes through with them. Wall Street shares that opinion.

 

[MajorRewrite]

Canada’s tariff retaliation plan …

Canadian Foreign Minister Melanie Joly said the government is ready to go ahead with the retaliatory duties announced in early February by Prime Minister Justin Trudeau.

Those included an initial set of 25% tariffs on about C$30 billion ($20.6 billion) worth of goods from US exporters — including orange juice, peanut butter, wine and coffee — and a second tranche on C$125 billion of products, including cars, trucks, steel and aluminum, which would come into effect in a few weeks.

And when US exporting businesses complain to Trump about his unprovoked trade war, he’ll probably double down with more tariffs.

Remember that it doesn’t take much to destabilize the whole economy. Slashing US exports would certainly be enough.

 

[TastySuckToy]

Most of Trump’s promised tariffs haven’t gone into effect yet

Yeah, funny how businesses can look at future projections and make big decisions on that basis, isn't it?

 

[MajorRewrite]

Tracking the economic impact of recent tariffs:

Reduced output, increased prices and reduced employment.

• We estimate that the imposed tariffs on China would reduce long-run GDP by 0.1 percent, the proposed tariffs on Canada and Mexico by 0.3 percent, the proposed expansion of steel and aluminum tariffs by less than 0.05 percent, and the proposed tariffs on motor vehicles and motor vehicle parts by 0.1 percent—before accounting for foreign retaliation.
• The first Trump administration imposed tariffs on thousands of products valued at approximately $380 billion in 2018 and 2019, amounting to one of the largest tax increases in decades.
• The Biden administration kept most of the Trump administration tariffs in place, and in May 2024, announced tariff hikes on an additional $18 billion of Chinese goods, including semiconductors and electric vehicles.
• We estimate the 2018-2019 trade war tariffs imposed by Trump and retained by Biden reduce long-run GDP by 0.2 percent, the capital stock by 0.1 percent, and employment by 142,000 full-time equivalent jobs.
• Academic and governmental studies find the Trump-Biden tariffs have raised prices and reduced output and employment, producing a net negative impact on the US economy.

 

[Oyster69]

My point: Starting trade wars is dumb and will hurt the US economy. Wall Street has the same opinion. Trump tariffs in his first administration caused the US economy to shrink. If Trump thinks the trade agreement he negotiated with Canada and Mexico is bad, he should sit down with them and negotiate a new agreement.

Your point: You cherry-picked a few individual items with high tariffs from the trade agreement Trump negotiated. Canada did not “impose” those tariffs on the US. Trump negotiated those tariffs in an agreement that covers a huge range of items. You think it’s great that Trump is throwing a tantrum about the trade agreement he negotiated.

When trump was 45, he said after signing NAFTA/USMCA that it was the greatest deal ever made!
As 47, trump said what idiot signed that deal?
It’s the worst deal in history!

 

[MajorRewrite]

5 libertarian Cato Institute articles about Trump’s tariffs: (hint — they are not fans)

Americans May Bear the Brunt of Trump’s Tariffs — Again. Here’s Where They’ll Cost You​

If President Donald Trump wants to bolster American manufacturing, new tariffs are exactly the wrong way to go about it.


‘Reciprocal Tariffs’ Are Trump’s Worst Trade Idea Yet


Seven Charts Showing How Canada/Mexico Tariffs Would Harm the US Auto Industry (and American Car Buyers)


Eleven Charts Showing How Canada/Mexico Tariffs Would Harm the US Energy Industry (and US Energy Consumers)



Steel Prices Continue to Rise Even Before New Tariffs Take Effect

For nearly 60 years, the United States steel industry has been one of the most protected sectors of the American economy. Policymakers have showered an unsavory mix of trade restrictions to benefit domestic steel firms including quotas, tariffs, aggressive trade remedies, and procurement preferences. With the Trump administration promising a new onslaught of protectionism, steel prices are rising even before the tariffs are implemented. As always, consumers will pay the price.

 

[RobDownSouth]

Yeah, funny how businesses can look at future projections and make big decisions on that basis, isn't it?

Did you see the results of the options markets today?
Stock traders placing enormous bets on a stock market crash within the next 30 days.

 

[TastySuckToy]

Did you see the results of the options markets today?
Stock traders placing enormous bets on a stock market crash within the next 30 days.

Yeah, it's kinda cool how stock traders always make money and never lose on their bets.

 

[RobDownSouth]

Yeah, it's kinda cool how stock traders always make money and never lose on their bets.

and when the stock market does crash, I'm just as sure you'll be here with a variety of different rationalizations 'proving' how the crash is in no way, shape or form related to government policies of Mango Mussolini

 

[ll74]

Biggest loser on these tariffs - US farmers, US automakers

Biggest winner - China and Southeast asia.

As last time, the savings we see from this will be overcome by bailouts of the losers in the deal

 

[DeluxAuto]

So your position is to ignore everything I wrote and pretend you have a point. Gotcha.

He'd have to understand it to be able to ignore it.

 

[DeluxAuto]

Biggest loser on these tariffs - US farmers, US automakers

Biggest winner - China and Southeast asia.

As last time, the savings we see from this will be overcome by bailouts of the losers in the deal

I'm sure the farmers won't feel that $2.8 billion USAID money they lost.

 

[ll74]

Bonus points for all of our 401ks tanking overnigjht

 

[RobDownSouth]

This graphic shows the market abandoning American positions and seeking a "safe harbor" in European stocks and currencies today.
Pay special attention to the VIX index....that's the key indicator of American stock market volatility. It usually trends between 20 (safe stable market) and 30 (Trump declares martial law). It has been suspiciously very low the first month of the Trump second reich, probably indicating that stock market traders felt Trump would yammer his usual bullshit threats but not actually DO anything. The Ukraine debacle and increased scrutiny of Musk's habitual missteps, it appears the market is finally waking up to the idea that 'this is not okay'.....a 15% DAILY rise in the VIX index to 22% today is a serious harbinger of 'there's a bad moon on the rise'.

https://i.imgur.com/zA97hre.png

As I said earlier though, here on Lit we'll at least have TastySuckToy to succor us.

 

[Saint_Ann]

Some of the best strapon harnesses come from Canada.