Reminder that Canadian oil has to flow through the US, to reach the eastern parts of their country.
The Trump tariffs
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Palsofchaos
Catholic
The market is taking a beating. The economy does NOT like these tarrifs.
You mean the stock market doesn't like these tariffs.
Tarrifs are bad for the rich and good for the working poor. That's why Trump wins record votes yet the hysterical screaming and crying from the (((media))) never stops.
Guess what, poor outnumber rich 100,000 to 1, so, time to move industry back home and pay higher wages. No one cares about the bottom line because it doesn't affect them (the profits only go to the top).
So right off the bat, automobiles and parts were given exemptions because the automakers were caught totally off guard.
Trump also signed an executive order yesterday giving a 1 month exemptions to all USMCA compliant goods coming over the border, which applies to 50% of Mexican imports and 38% of Canadian imports.
I'm pro Trump, and not anti tariff, but this initial strategy is ungraceful and heavy handed, and the timing is terrible. The economy is already on extremely shakey legs and people want to see relatively quick improvement from the mess Biden left behind, not a trade war and recession, which almost everyone thinks is going to happen now.
Trump also signed an executive order yesterday giving a 1 month exemptions to all USMCA compliant goods coming over the border, which applies to 50% of Mexican imports and 38% of Canadian imports.
I'm pro Trump, and not anti tariff, but this initial strategy is ungraceful and heavy handed, and the timing is terrible. The economy is already on extremely shakey legs and people want to see relatively quick improvement from the mess Biden left behind, not a trade war and recession, which almost everyone thinks is going to happen now.
I'm on board 100%. This seems like a necessary move for the long term survival of this country. Might as well rip the band-aid off, since we've been trending downward for decades now, as far as quality of life goes for the average person.
So much of our our economy has become a Potemkin Village, where people have bullshit jobs, and get paid in worthless money, while numbers on a screen tell us things are good. Things simply cannot continue on in this way.
Better to do this now, while we still have leverage on the global stage, then wait until it is too late and where we are basically Canada or UK tier.
So much of our our economy has become a Potemkin Village, where people have bullshit jobs, and get paid in worthless money, while numbers on a screen tell us things are good. Things simply cannot continue on in this way.
Better to do this now, while we still have leverage on the global stage, then wait until it is too late and where we are basically Canada or UK tier.
I'm all for renegotiating our trade deals and bringing manufacturing back to the US, I just think there are better ways to go about it.
Trump brought us the USMCA in the first place and bragged about how great it was, why not wait to renegotiate it at the scheduled joint meeting on July 1 2026? Give yourself 1 solid year to strengthen the economy before potentially kicking off a trade war and recession.
In Trumps first term he got the tax cuts, strengthened the economy and then negotiated USMCA, why attempt it backwards this time and go nuclear with these tarrifs?
Trump brought us the USMCA in the first place and bragged about how great it was, why not wait to renegotiate it at the scheduled joint meeting on July 1 2026? Give yourself 1 solid year to strengthen the economy before potentially kicking off a trade war and recession.
In Trumps first term he got the tax cuts, strengthened the economy and then negotiated USMCA, why attempt it backwards this time and go nuclear with these tarrifs?
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Palsofchaos
Catholic
Your right, it is heavy handed. Slapping tariffs on everything is just a tax increase.
Selective tariffs to preserve certain industries, like the steel industry, make sense. Tariffs on goods that can't be produced in the United States don't make any sense.
Many or most of the goods in question can be made in the US. It just takes time to set up production and establish new supply chains. The ones screaming are the ones who can't instantly change suppliers. I'd say a brief pause should be all that's given, to ease the change over, still make sure they do change over.
Otberwise, let them pay the tariff and they can still use their old suppliers.
It seems like Trump is using his Art of the Deal playbook by asking for a lot and hoping to negotiate to something beneficial. We'll see how it translates to politics because I don't know (out of ignorance and imperfect memory) if it has been done like this before, surely not the way Trump does it. From an outside perspective it seems like a lot of flip-flopping, like trying to make a deal with Ukraine, and I don't see other nations being so willing to make deals when things can change at a whim.
In the long run maybe but in the short run even consumers lose from tariffs. Consumers pay higher prices immediately but it takes years for the manufacturing and the jobs to be brought back to the USA. Will consumers be better off in 5 years time, quite possibly but they certainly won't be better off in 3 years time. Plus modern supply chains are very complex. There are a lot of intermediate parts which go into p[producing American manufactured goods so even to produce goods locally in the USA could become more expensive as well.
Interesting post by Vox Day today on the tarrif situation with Canada. I'd be interested in your opinions:
voxday.net
Who Advises These Morons? - Vox Popoli
Americans have always tended to look down on Canadians as being nice, but ineffectual people, on average. It appears, however, that their political class is even more self-destructive than their European counterparts: Donald Trump continued his budding trade war with Canada by pledging to ‘just...
voxday.net
Here's another post on tariffs from Vox Day:
voxday.net
His contends that Canada cannot win a trade war based on tariffs with the US, because of (if I understood correctly) the trade deficit with Canada. This is the exact opposite of what I hear from enraged normie Canadian TDS sufferers online. The latter are sure that Canada can crush the US in a trade war because, apparently, we import something like half of our raw materials from Canada and they can just sell them to China instead.
Who knew. Although one gloating Canadian quoted a figure of 20 billion USD and 200k jobs the trade war has supposedly already cost the US as evidence of our impending collapse. This made my poorly educated American brain suspect that in spite of surely having read more books than I have, Canadians in general don't understand the difference in sheer size between the US and Canada when you count anything but uninhabitable Arctic wasteland.
Another interesting point Vox makes is that because the Trump tariffs are in response to unfair foreign tariffs that were already in place, Japan and the UK have responded in the best way possible by not responding. That, and that this is all designed to bring manufacturing back to the US to put us on a war footing in way that would be impossible now with most of our manufacturing happening overseas.
Canada Folds - Vox Popoli
Sanity prevailed, as someone appears to have explained the tariff math to the Premier of Ontario: Canada folded to President Donald Trump after he vowed the nation would pay a historically big ‘financial price’ for the electricity tariff it imposed on the United States. Hours later, Ontario...
voxday.net
His contends that Canada cannot win a trade war based on tariffs with the US, because of (if I understood correctly) the trade deficit with Canada. This is the exact opposite of what I hear from enraged normie Canadian TDS sufferers online. The latter are sure that Canada can crush the US in a trade war because, apparently, we import something like half of our raw materials from Canada and they can just sell them to China instead.
Who knew. Although one gloating Canadian quoted a figure of 20 billion USD and 200k jobs the trade war has supposedly already cost the US as evidence of our impending collapse. This made my poorly educated American brain suspect that in spite of surely having read more books than I have, Canadians in general don't understand the difference in sheer size between the US and Canada when you count anything but uninhabitable Arctic wasteland.
Another interesting point Vox makes is that because the Trump tariffs are in response to unfair foreign tariffs that were already in place, Japan and the UK have responded in the best way possible by not responding. That, and that this is all designed to bring manufacturing back to the US to put us on a war footing in way that would be impossible now with most of our manufacturing happening overseas.
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EU is retaliating against Trump Tariffs.
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Here's another post on tariffs from Vox Day:
Canada Folds - Vox Popoli
Sanity prevailed, as someone appears to have explained the tariff math to the Premier of Ontario: Canada folded to President Donald Trump after he vowed the nation would pay a historically big ‘financial price’ for the electricity tariff it imposed on the United States. Hours later, Ontario...
His contends that Canada cannot win a trade war based on tariffs with the US, because of (if I understood correctly) the trade deficit with Canada. This is the exact opposite of what I hear from enraged normie Canadian TDS sufferers online. The latter are sure that Canada can crush the US in a trade war because, apparently, we import something like half of our raw materials from Canada and they can just sell them to China instead.
Who knew. Although one gloating Canadian quoted a figure of 20 billion USD and 200k jobs the trade war has supposedly already cost the US as evidence of our impending collapse. This made my poorly educated American brain suspect that in spite of surely having read more books than I have, Canadians in general don't understand the difference in sheer size between the US and Canada when you count anything but uninhabitable Arctic wasteland.
Another interesting point Vox makes is that because the Trump tariffs are in response to unfair foreign tariffs that were already in place, Japan and the UK have responded in the best way possible by not responding. That, and that this is all designed to bring manufacturing back to the US to put us on a war footing in way that would be impossible now with most of our manufacturing happening overseas.
The hysteria you are witnessing in Canada at the moment is to be expected. We are at once encouraging each other to arm up (laughable, since the government has just about banned any firearm in the country now, even .22 plinkers) and also asking where the tough guys are so we can take it to the mean Americans. Of course it's all spurred on by the Canadian media, who are on the payroll of the federal government. The government has decided to once again play the 'Who Hates Trump the Hardest' game as it has been so successful in the past.
And it's working. The same 90% of Canadians who ran out and got vaccinated then proudly declared the unvaxxed to be gulagged, are about the exact same number that are currently in shrieking hysterics about tariffs (of which they know nothing, but reddit is on the hecking warpath and the guerilla war is going to be destroy the US invaders!)