The Trump tariffs

Caduceus said:
Population of Canada = 40 million people
Population of the USA = 335 million people

Bonus stat:
Population of Mexico = 128 million people
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Yep well aware and that was totally fine, we would have been happy if we did anywhere close to that ratio of sales but we didn't get anywhere near it. Mind you the business has the absolute bare minimum of overhead and operating expenses, with the higher price point because of the nonexistent competition we should have done well even with slow sales....just another source of high profit easy income. But it just didn't happen, even when we lowered prices to the same as we had in the USA which negated half the reason we went there we just never had sales, it was just barely above our international sales from the USA to Canada which made no sense whatsoever. The Canadian economy is trash there is no small business success to be had there, everything is corporate and the people have no disposable income plus all their services are an incompetent joke. Spending extended time there and getting to know the logistical infrastructure everything just felt like the Temu version of the USA.
 
analyst_green said:
The way I see it, canceling the income tax would lead to a lot of extra disposable income Americans have to purchase domestic goods.
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The problem is despite what Trump might say the income tax is extremely unlikely to be cancelled although it may be lowered slightly.

Just because the government in the 1800s ran on tarrifs it doesn't mean that its viable today unless you cut government spending by 80% which is politically unfeasible because the population want subsidized healthcare, social security, a large military, unemployment benefits, etc. Government was very basic in the 1800s and today's population is far too soft and brainwashed to live with that level of self sufficiency.

Tariffs simply will not provide enough tax revenue to replace income taxes since its not politically feasible to cut spending by that amount. Trump is not a dictator and major spending cuts would have to be supported by other politicians to pass through.

In the modern age countries with no income taxes are either very small countries (the Bahamas, etc) or very oil/resource rich (UAE, Qatar, etc). Even though USA has a lot of oil and other natural resources it has a huge population so that wealth gets spread a lot more thinly and won't be enough to cover all the expenses.

Cancelling the income tax altogether has pretty much zero chance of occurring in the USA in the next 4 years.
 
Samseau said:
Tariffs mean other countries will devalue the living heavens out of their currency.

This means the dollar will become ultra strong again. We will also get the same goods for the same price, but with increased tax income for the US Gov.

And as a side bonus, this means our citizens can go on awesome vacations again!
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You also need to look at second and third order effects. The retaliatory tariffs on the U.S.A. means that American businesses could face a decrease in their export volumes to foreign markets as they lose that market share to other countries whose goods are not tariffed. Its very complicated with a lot of moving parts and many winners and losers.
 
For my Canadian bros in particular, here is a lengthy thread explaining how Canada really is a source of fentanyl and illegal migrants.
I say "explaining" because all the normies who rely on state media haven't got the slightest clue. I did, but never to the extent explained here. It's quite shocking:



It is a collection of posts made by the same guy over the last couple of years as he uncovered different strands of the same issue. Impressive work.
 
Australia Sucks said:
The problem is despite what Trump might say the income tax is extremely unlikely to be cancelled although it may be lowered slightly.

Just because the government in the 1800s ran on tarrifs it doesn't mean that its viable today unless you cut government spending by 80% which is politically unfeasible because the population want subsidized healthcare, social security, a large military, unemployment benefits, etc. Government was very basic in the 1800s and today's population is far too soft and brainwashed to live with that level of self sufficiency.

Tariffs simply will not provide enough tax revenue to replace income taxes since its not politically feasible to cut spending by that amount. Trump is not a dictator and major spending cuts would have to be supported by other politicians to pass through.

In the modern age countries with no income taxes are either very small countries (the Bahamas, etc) or very oil/resource rich (UAE, Qatar, etc). Even though USA has a lot of oil and other natural resources it has a huge population so that wealth gets spread a lot more thinly and won't be enough to cover all the expenses.

Cancelling the income tax altogether has pretty much zero chance of occurring in the USA in the next 4 years.
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One other reason it's very unlikely that income tax goes away in the US is that there is a massive industry built around taxes, and income tax is a huge part of it, probably the biggest part, I'd guess. My taxes are not especially complicated, but I still pay a CPA around 1k annually, give or take a few hundred, to process and submit my tax forms. Extrapolate that out to hundreds of millions of other taxpayers and who knows how many businesses, as well as millions of CPAs and their staff, and you can see that dismantling this industry would be another massive hurdle.

Don't get me wrong, it would be wonderful, it just seems about as likely as appealing the 19th amendment (women's right to vote) as far as things that would be great but are highly unlikely to actually happen.
 
Australia Sucks said:
You also need to look at second and third order effects. The retaliatory tariffs on the U.S.A. means that American businesses could face a decrease in their export volumes to foreign markets as they lose that market share to other countries whose goods are not tariffed. Its very complicated with a lot of moving parts and many winners and losers.
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Retaliatory tariffs won't do anything except destroy the country that tries to tariff America since we can just raise tariffs that much more. They will need to devalue their currency even more to sell here, and the dollar grows even stronger which allows us to buy more from other countries that do not use tariffs.

It's a zero sum game theory that rewards any country who cheats - which in this case will be any country that does not tariff us.

The only way retaliatory tariffs could work against the USA is if every country on the planet agreed to retaliatory tariffs on us.

Any country that refuses to cooperate with the rest of the world can just buy from other countries, resell to America and make bank. In other words, retaliatory tariffs will quickly be discovered to be impossible. Anyone who tries will go bankrupt.
 
ed plrbs unm said:
For my Canadian bros in particular, here is a lengthy thread explaining how Canada really is a source of fentanyl and illegal migrants.
I say "explaining" because all the normies who rely on state media haven't got the slightest clue. I did, but never to the extent explained here. It's quite shocking:



It is a collection of posts made by the same guy over the last couple of years as he uncovered different strands of the same issue. Impressive work.
Click to expand...

Can’t see any posts on X. Can you paste the thread on here?
 


Starting today and until U.S. tariffs are removed, Ontario is banning American companies from provincial contracts.

Every year, the Ontario government and its agencies spend $30 billion on procurement, alongside our $200 billion plan to build Ontario. U.S.-based businesses will now lose out on tens of billions of dollars in new revenues. They only have President Trump to blame.

We’re going one step further. We’ll be ripping up the province’s contract with Starlink. Ontario won’t do business with people hellbent on destroying our economy.

Canada didn't start this fight with the U.S., but you better believe we're ready to win it.
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Most Americans don't care, Dougie...
2025-02-03_08-37-16.png
 
scary_robot_music said:
I saw a Trump speech yesterday where he explained his logic behind the tariffs. According to the president, in the late 19th century, the government was funded mainly through tariffs and the economy was in general far stronger than it has been since the introduction of income tax in 1913. Also, China, Canada, Mexico, and others have been somehow taking advantage of the US for a long time due to unfair trade deals, or something to that effect and the tariffs are supposed to somehow fix this. I don't know the details. Anyway, the president promised his tariffs would lead to a new golden age where we're all going to be "very, very rich" here in America.

All of that sounds good to me, if it's true. I like money </Frito Pendejo from Idiocracy voice>.

Then this morning I saw a headline in the MSM saying that Canada and Mexico are planning retaliatory 25% tariffs on the USA. Should we be worried? A lot of the avocados I buy seem to be grown in Mexico, and maybe the Canada Goose jacket I've always wanted but never been able to afford will be even more ridiculously expensive now. Other than that, I have no idea.

Obviously, I don't know much about tariffs and how they work, either in theory or in practice. If there's already a thread for tariffs or they're being discussed at length somewhere else someone please point me to that thread or discussion, but I couldn't find anything so I thought I'd start this thread. I'd like to hear your opinions.
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So USA is a super power so they have leverage to use tariffs to their advantage, in only empires they would control certain ocean gateways and would tax all the ships and goods coming in through their oceans, so for example, the Panama Canal is very important for USA to control then they could tax all the boats in the world who travel through it.

No I dont think you should worry about Canada or Mexico because they are not super powers and depend on USS for their survival not the other way around. USA can survive with Avocados from Mexico, it can import from somewhere else, the avocado farms in Mexico will loose their biggest customer so they are the one who will suffer.
 
GoodShepherd said:
control certain ocean gateways and would tax all the ships and goods coming in through their oceans, so for example, the Panama Canal is very important for USA to control then they could tax all the boats in the world who travel through it.
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Passage through the Panama Canal is taxed. The Panama Canal Authority levies a fee based on the type of the ship and the volume of cargo it carries. Last year there were restrictions on the number of daily crossings caused by the drought, which triggered a bidding war for every avilable spot - we can assume that if the canal was under American control, American vessels would get the priority.
 
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budoslavic said:


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Think about this, he had to threaten other countries to do things to keep Americans from being killed by drugs and violence....among countless other things. He didn't have to do any of this crap and nobody else would have done it, he did it for the good of his people and country.

Bravo and thank you President Trump, about damn time things that are good for all of us are happening.
 
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