Tariffs announced on Canada, China, & Mexico goods

[MajorRewrite]

Tariffs on drugs and computer chips are coming August 1, unless Donnie TACOs.

“Probably at the end of the month, and we’re going to start off with a low tariff and give the pharmaceutical companies a year or so to build, and then we’re going to make it a very high tariff,” Trump told reporters Tuesday as he returned to Washington after attending an artificial intelligence summit in Pittsburgh.

Trump also said his timeline for implementing tariffs on semiconductors was “similar” and that it was “less complicated” to impose levies on chips, without providing additional detail.

Donnie says the tariff on drugs will eventually go up to 200%.

 

[ChloeTzang]

Does this make sense....? I don't know enough about economics to know how accurate this is or isn't? The whole thing is about Canada's moves on aluminium and strategic realignment.

Factories are shutting down, 100,000 American workers laid off, and small towns devastated—all sparked by a single decision: a 50% aluminum tariff meant to protect U.S. industry. What was intended as a patriotic move has become an economic disaster, while Canada quietly profits. In this video, we dive deep into how this policy spiraled, why it failed, and what it means for America’s future.

When President Trump announced a fifty percent tariff on imported copper, markets erupted. Futures soared to five dollars and ninety-five cents per pound—an all-time high that triggered panic from Wall Street to Windsor. But the real shock came after: Canada hit back. Now Ottawa is weighing a massive shift—rerouting its multi-billion dollar copper trade to Asia and cutting U.S. factories out of the loop. The price gap between New York and London metals has ballooned to twenty-five percent, creating chaos across global supply chains.

The result? Higher costs, stalled production, and a looming threat: up to ten thousand dollars added to the price of every electric vehicle. This was meant to be protectionism. Instead, it may trigger the biggest copper crisis in modern trade history.

Teck (big Canadian mining company) is rerouting copper and copper concentrate from the US to Asia smelters....Canadian copper exports to Asia are up 27% already

 

[RoryN]

I don't know enough about economics

^^^
Understatement of the year.

ChloeTzang predicted a box-office bomb based on getting triggered by "woke". (In reality, it's made hundreds of millions of dollars and counting.)

 

[ChloeTzang]

Canada's prioritizing internal use for Canadian steel and cutting back on steel exports to the US

Ottawa has decided to keep its steel at home—slashing export quotas and fueling domestic projects. While Canada’s furnaces roar back to life, Detroit’s assembly lines face soaring costs and production delays. From infrastructure and green energy to auto and defense, Canada is redirecting its steel to build a self-reliant, low-carbon future. Domestic demand is picking up fast.

 

[ChloeTzang]

U.S. Corn Exports Just CRASHED while Canada SECURED Billion-Dollar Wins —

The U.S. agriculture industry has been dealt a crushing blow as major international buyers reject American corn shipments, citing quality and tariff concerns. Meanwhile, Canada has been securing billion-dollar corn export deals with China, Japan and South Korea that are shifting global market dynamics. In this video, we expose why U.S. corn is being turned away, how Canada is outpacing the U.S. in agricultural diplomacy, and what this means for farmers, food prices, and the next chapter in North American trade relations. Could this be the final warning sign for a collapsing U.S. export system?

Corn prices in the US have collapsed as export markets tank. Containers of corn are being turned away or just sitting in ports as US corn exports are ignored. Cancelled renewals. Ghosted contracts. No new contracts. Customers and shippers are leaving due to the political unreliability / politics / lack of trust. No-one's saying it out loud, but US corn, wheat and soy is being ignored by foreign buyers. Canada and Brazil are cheaper and more reliable.

 

[butters]

Farmers across the US are experiencing problems due to trump's tariff madness. One who has farms in both Florida and Cali, is ploughing over perfectly good tomatoes in his Florida acreage because the tariff plan made his crops non-viable to harvest.

Tariffs upset traditional supply chain​

From January through April, Trump’s threatened tariffs triggered Mexican suppliers to double or even triple tomato exports to the U.S. — before tariffs went into effect.

The result? The U.S. market was flooded with Mexican tomatoes. Florida farmers saw the wholesale price of a box of tomatoes plummet from $16 per box to $3 or $4. DiMare said tomato farmers need around $10 or $11 per box to break even.

when you add the loss of workforce, the increased costs involved with having to pay higher to harvest, let alone the impact of climate-driven extreme weather events and it makes being a farmer far harder.

Tony DiMare’s family owns 4,000 acres of tomato farms across Florida and California. Sadly, his Florida crops are not looking good — mowed over and left to rot, like tomato vines across the state. But it’s not growing conditions that are the problem. It’s economic ones.

In January, he warned that Trump’s crackdown on migrants would squeeze farmers, who rely on migrants to pick produce.

“We have to secure our borders south and north, but you have to have a workforce in this country,” he told the Financial Post.

 

[dmallord]

Canada's prioritizing internal use for Canadian steel and cutting back on steel exports to the US

Ottawa has decided to keep its steel at home—slashing export quotas and fueling domestic projects. While Canada’s furnaces roar back to life, Detroit’s assembly lines face soaring costs and production delays. From infrastructure and green energy to auto and defense, Canada is redirecting its steel to build a self-reliant, low-carbon future. Domestic demand is picking up fast.

Just pushing buttons here and seeing that various websites are pointing out the effects of tariffs on our economy. One site pointed out tht the Port of Seattle was a ghost town for arriving ships. Highly unusual that it was empty according to the port authority guy.

Yesterday, a news announcement about US trucking companies going bankrupt and filing Chatpter 11 for several of them. One the largest mention private firm was handwringing itself over the effects of those tariffs.

Another spoke of hundredes of small farmers going under because of the tariffs.

Steel, aluminum, fertilizer, lumber, all down.

Ford is laying off massive numbers due to cost upticks.

Your videos about Canada are bleak warnings. One of those doesn't work–not available it says btw.

America! What the fuck are you doing?

 

[ChloeTzang]

Farmers across the US are experiencing problems due to trump's tariff madness. One who has farms in both Florida and Cali, is ploughing over perfectly good tomatoes in his Florida acreage because the tariff plan made his crops non-viable to harvest.

when you add the loss of workforce, the increased costs involved with having to pay higher to harvest, let alone the impact of climate-driven extreme weather events and it makes being a farmer far harder.

Apparently it's similar with soy and corn - a lot of farmers are going broke and filing for bankruptcy....

 

[ChloeTzang]

Trump just triggered a trade firestorm—and Canada hit back harder than anyone expected.

This clip breaks down how Canada’s market access crackdown is freezing U.S. suppliers out of $14.8 billion in contracts, rewriting global trade rules, and turning steel and aluminum into geopolitical weapons. From Trump’s 50% tariffs to Canada’s “Reciprocal Access Framework,” this clash is now shaking Detroit, disrupting global supply chains, and drawing in Europe, Japan, and Mexico. With July 21st looming, tensions are spiking across borders, currencies, and industries. Watch to understand why this isn’t just another tariff fight—it’s a turning point that could reset the future of U.S.-Canada trade forever.

Canada blocked all US companies from bidding on Federal contracts unless they operated with at least 50% of their manufacturing footprint inside Canada or one of its FTA partners.

The US had expected angry tweets, legal filings or symbolic gtariffs in response to the US tariffs. What we got instead was surgical economic warfare. No noise. No escalataion. Just elimination from the procurement table and billlions in cancelled contracts. A reciprocal access framework is now in place. Canada copied Trump's playbook and mirrored the same justification the US used, copying American logic and American language.

As Carney said, "We are not closing markets. We are conditioning access to them." No WTO rules were broken.

 

[dmallord]

Trump just triggered a trade firestorm—and Canada hit back harder than anyone expected.

This clip breaks down how Canada’s market access crackdown is freezing U.S. suppliers out of $14.8 billion in contracts, rewriting global trade rules, and turning steel and aluminum into geopolitical weapons. From Trump’s 50% tariffs to Canada’s “Reciprocal Access Framework,” this clash is now shaking Detroit, disrupting global supply chains, and drawing in Europe, Japan, and Mexico. With July 21st looming, tensions are spiking across borders, currencies, and industries. Watch to understand why this isn’t just another tariff fight—it’s a turning point that could reset the future of U.S.-Canada trade forever.

Canada blocked all US companies from bidding on Federal contracts unless they operated with at least 50% of their manufacturing footprint inside Canada or one of its FTA partners.

The US had expected angry tweets, legal filings or symbolic gtariffs in response to the US tariffs. What we got instead was surgical economic warfare. No noise. No escalataion. Just elimination from the procurement table and billlions in cancelled contracts. A reciprocal access framework is now in place. Canada copied Trump's playbook and mirrored the same justification the US used, copying American logic and American language.

As Carney said, "We are not closing markets. We are conditioning access to them." No WTO rules were broken.

Thanks @ChloeTzang.

Unquestionably, this is a worthy link to view and watch to the end. It flips Economics 101 and 501 on their respective heads in a way that side steps political retribution, even though it is immersed in that quagmire. Canada, oh Canada, you have taken on the Donald and have cornered him in a way he never imagined.

His claim to be the smartest or most brilliant businessman ever has just been resoundingly proven to be wrong.

Please, everyone, take a few minutes to watch this and see how what Trump has initiated is going to bite the USA in the butt.

 

[MajorRewrite]

Do you smell TACOs?

Bessent says he will meet Chinese officials, discuss tariff deadline extension

 

[ChloeTzang]

Prime Minister Carney (Liberal): "Canadians are fundamentally poisitive people.....Canada won't accept a trade deal with the US and any cost...." Carney downplayed the chances of success in talks aimed at reaching a trade deal with President Trump.

Premier Doug Ford (Ontario, Conservative): thinks Carney is a great business leader, and Carney leading Canada right now is one of the best things for Canada. Conservatives and Liberals united and working together.
Ford is pretty impressive in the way he lays it out here. "Ontario alone would be the US's 3rd largest trading partner."

 

[MajorRewrite]

A different take on the tariff on Japan …

Trump’s Japan Trade Deal Raises Fears He Gave Away Too Much

US industries and protectionists are raising alarms with President Donald Trump’s pact with Japan, saying it risks undercutting his stated goals of rebalancing America’s trading relationships and reviving domestic manufacturing.

The president’s decision to grant Japan relief on automobiles, however, provoked criticism that the agreement wouldn’t address the main source of the US’s trade deficit with Japan even as it disadvantages Detroit’s Big Three. Around 80% of the US-Japan trade gap is in cars and car parts.

The stated goal of TrumpTariffs has shifted back and forth over time. Are the tariffs supposed to be protectionist or are they leverage to force down the tariffs of other nations?

 

[JohnEngelman]

Trump is impulsive and ignorant. I wonder if he has begun to regret suing The Wall Street Journal for ten billion dollars yet.

 

[domroger]

A different take on the tariff on Japan …

Trump’s Japan Trade Deal Raises Fears He Gave Away Too Much




The stated goal of TrumpTariffs has shifted back and forth over time. Are the tariffs supposed to be protectionist or are they leverage to force down the tariffs of other nations?

Yes.

 

[JohnEngelman]

Yes.

Trump does not think American companies can compete with foreign companies, so he wants to build tariff walls of protection around the U.S. economy. This will be good for corporate fat cats, and bad for American consumers.

 

[stxjimmy]

U.S. Corn Exports Just CRASHED while Canada SECURED Billion-Dollar Wins —

The U.S. agriculture industry has been dealt a crushing blow as major international buyers reject American corn shipments, citing quality and tariff concerns. Meanwhile, Canada has been securing billion-dollar corn export deals with China, Japan and South Korea that are shifting global market dynamics. In this video, we expose why U.S. corn is being turned away, how Canada is outpacing the U.S. in agricultural diplomacy, and what this means for farmers, food prices, and the next chapter in North American trade relations. Could this be the final warning sign for a collapsing U.S. export system?

Corn prices in the US have collapsed as export markets tank. Containers of corn are being turned away or just sitting in ports as US corn exports are ignored. Cancelled renewals. Ghosted contracts. No new contracts. Customers and shippers are leaving due to the political unreliability / politics / lack of trust. No-one's saying it out loud, but US corn, wheat and soy is being ignored by foreign buyers. Canada and Brazil are cheaper and more reliable.

How about you compile a list of all sectors damaged by these mindless tariffs? Magats may be more receptive to be given the bad news by you.

 

[ChloeTzang]

Tomatoes.....who knew

This video explores:The collapse of the US Mexico Tomato deal and its ripple effects across the US Farm economy
- How Trump Tariffs accelerated Mexico’s move away from the U.S.
- Why Mexico’s Tomato producers now prefer the Canadian market
- How Canada built a new logistics pipeline through quiet diplomacy and stable policy
- While American consumers face higher prices and shortages, Mexico’s Tomato exports are thriving elsewhere.
- Meanwhile, U.S. Agriculture workers, especially in Florida and California, are watching their market access shrink.

Behind the scenes, refrigerated rail lines, revised contracts, and trade agreements are reshaping the supply chain. The US Mexico Tomato trade is no longer centered on Washington — and Canada Mexico trade may now define the future of fresh produce in North America.

 

[ChloeTzang]

A look at the Aussie and South Korean ytrade deals

Aussie PM: " Going to Washington is a waste of time...."

 

[ChloeTzang]

Steels exports to the US already down 18% - Canadian steel being redirected to domestic consumption. 25% increase in cost of US steel in 90 days

Canada securing new steel exports around the world. Canada is marketing reliability. A slient revival of the Canadian steel industry is underway.

 

[ChloeTzang]

Another look at the collapse of US corn exports...

In a silent but severe downturn, U.S. Corn exports have plunged by nearly 90%, leaving billions in agricultural goods sitting idle at ports around the world. This video investigates how the collapse is affecting the heart of U.S. Agriculture and forcing many U.S. Farm families into crisis.

Despite strong yields and high-quality standards, containers labeled “Product of the United States” are being left untouched. Many experts point to growing global caution—fueled in part by unstable policy and ongoing Trump Tariffs—as a key reason behind the disruption. This report explores:
- Why importers are quietly shifting away from U.S. Corn
- How Trump Tariffs may have unintentionally weakened confidence in U.S. Agriculture
- The emotional toll on U.S. Farm communities facing unsold harvests and shrinking contracts
- We examine how nations like Brazil and Canada are stepping in with stable trade practices while U.S. Farm families struggle to adapt.

Behind the scenes, quiet trade shifts are reshaping food supply chains—placing U.S. Agriculture in a position few thought possible.With Trump Tariffs continuing to reshape global perception, and logistical costs rising, the once-unshakable dominance of U.S. Corn may be facing a long-term test.

 

[ChloeTzang]

95% of US potash comes from Canada. 38% of world potash comes from Canada. (the other 2 major exporters are Russia and Belerus)

Canada is cutting potash exports to the US as miuch as possible. Trump's Tariffs have triggered unintended consequences in the fertilizer sector.

Why Canada Potash is increasingly viewed as leverage, not just a commodity. Potash is critical to US farming and the US gets 95% of its potash from Canada.

Mark Carney has halted a $5 billion potash deal, and Washington is in panic mode. With a major export to the U.S. blocked, America now faces a potential fertilizer shortage that could devastate agriculture from Iowa to Indiana. The shock move has sent ripples through global supply chains—is this the start of a new economic Cold War?\

 

[ChloeTzang]

Trump’s sudden 50% copper tariff sent prices soaring to historic highs, triggering global panic.

Canada is now rerouting supply to Asia, leaving the U.S. isolated just as infrastructure demand surges. This may be a lomg term strategic redirect by Canada, reducing its reliance on the US market.

Trump imposed a 50% tariff on Canadian copper. The Price of cupper on international markets will not change. Only for US industries the price will rise by 50%. A 5 Year old would get it. Canada will still sell to the USA, but they will also sell elsewhere, simple as that. USA has inflicted far higher costs on ourselves. Simple as that. The damage to the USA will take years to repair.

 

[ChloeTzang]

US airports emptying out..... millions of Tourists cancelling trips to America, sending ripple effects through the global travel economy.....hundreds of thousands of tourism related jobs and small businesses relaying on tourist being impacted. Tour guides. Uber drivers.....towns depending on summer tourists......

 

[MajorRewrite]

Japan and the US disagree about what’s in the trade deal. Not surprised.

Trump says the investment won’t be loans …

“Japan is putting up $550 billion in order to lower their tariffs a little bit,” Trump said Thursday. “They put up, as you could call it, seed money. Let’s call it seed money.”

“It’s not a loan or anything, it’s a signing bonus,” the Republican president said, on the trade framework that lowered his threatened tariff from 25% to 15%, including on autos.

Japan says the investment will be loans …

On the $550 billion, Japan’s Cabinet Office said it involves the credit facility of state-affiliated financial institutions, such as Japan Bank for International Cooperation.

And Japanese businesses invested far more than the announced amount in the US in 2023 …

The Japan External Trade Organization estimates that direct investment into the U.S. economy topped $780 billion in 2023. It is unclear the degree to which the $550 billion could represent new investment or flow into existing investment plans.

Seems like the Trump administration is indulging in some hype.