Summary
Trump announced that 25% tariffs on imports from Canada and Mexico will take effect on February 1, though a decision on including oil remains pending.
He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.
Trump also hinted at new tariffs on China.
Canada and Mexico plan retaliatory measures while seeking to address U.S. concerns.
If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.
I can’t wait for mainstream business media to attempt to explain this rationally while keeping a straight face AND still bootlicking at the same time.
I don’t envy that job.
Part of me thinks this is so they have an easy way to drop prices after people get used to everything costing more, but I’m sure it’s mostly just trying to destroy the the US’s relationship with it’s most important allies.
Part of me thinks this is so they have an easy way to drop prices after people get used to everything costing more
This is a technique commonly employed by Sisi in Egypt so while it’d be surprising that America sunk that low that quickly I can see it happening. And by the way, yes America is now being compared to Egypt out of all countries so… Uh… Good luck.
It’s already destroyed.
Not by him, his threats and tariffs are old news. By the people - The People, the royal We - who actively, unironically and with great power of democracy, chose an aggressive, compromised, and stupid fascist with ample evidence that this, hate, and war were a consequence.
Because the hate and apathy was stronger I guess. For electing a woman. For people being bullied by a juvenile government wielding adult violence for who they aren’t - a cis white right male.
They went to the dark side and joined a tri-polar world of evils to bully and rape the rest of us until we all burn to death. So yeah.
Never again.
Its Americans trying to buy food who will be hit with a 25% tarriff, not Mexico. And Mexican farmers wont see a dime of that revenue, if anything they will see a decline in revenue as people stop buying the products. It all goes to the US treasury.
Canada and Mexico are still part of that North American free trade agreement thing. We (Canada) will just get our food from Mexico and South America like we’ve always done. We’ll just skip America.
I live in Texas, and it’s hard to overstate how much of our produce is imported from Mexico. This would be an almost immediate 25% price hike on food that basically can’t be grown at scale here because we don’t have Mexico’s climate. Surely he’d exempt food from whatever he’s about to do. Right…?
Will it benefit the average person? If the answer is yes, you can take it off the list.
Even if it benefits the rich, it would have to exponentially hurt the average American more for it to be considered. They’ve already turned their nose up at studies that have proven better working conditions, pay, and benefits would make them richer in the long run because it takes a little bit of control away from them. These people are sick, and the only thing that is going to correct it at this point is a violent uprising.
If oil is excluded the truly boss move on Canada & Mexico’s part would just be to introduce a 25% export premium on those products while the tariffs are in effect.
Exactly, clearly they’ll still pay for it if it’s important enough to exempt. In Canada’s case we could give Alberta the extra revenue just so they won’t get too cranky.
If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.
Does anyone honestly think Trump meant anything he said while he was campaigning? It was obviously all just saying what people wanted to hear. He basically said as much himself. Pretending otherwise is just legitimizing lies and propaganda.
Yes, he meant several things while campaigning. Like destroying trans peoples lives, freeing nazis, and punishing those who deigned to attempt to hold him accountable for his many crimes. Oh also for destroying climate protections, deporting brown people, shall I go on? All the things like lowering prices? No absolutely not. That would benefit regular Americans and not hurt minorities, so it doesn’t make the list
It might not matter weather or not he targets oil. We Canadians understand how important our energy supply is to the US and we’re willing to cut that supply of as a bargaining tool. This is where the find out happens following the fucking around.
I really hope you do. I hope everyone does, when Trump starts flexing at them. We (Americans) deserve every bit of hardship we get from this situation.
He’s just basically doing the same thing as trying to make Mexico pay for the border wall.
But he’s not, because tariffs are going to come out of the consumers pocket, not the country they’re imposed on. They can start to introduce incentives to produce those same things here, but a lot of them are imported for a reason like availability or established industries within those countries or processing capabilities. This will fuck Americans up exponentially worse and create yet another thing for corporations to hide behind when gouging prices long before those countries see any real difference in their own revenue streams.
True.
I just hope Canada and Mexico and… Well everybody can bounce back and start producing locally. I’m already boycotting made in America starting this week. I’ll miss my orange juice, but fuck it. Il drink apple juice instead.
I hope so too, but it looks like he’s starting to gut everything and break the nepotism world record. I think he’s trying to force a depression to give the rich yet another opportunity to scrape up that last .05% of ownership they missed when they did this shit last time.
If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.
First time around, with the trade war with China, he had the federal government cut checks to affected farmers. I don’t know the form that took, but during COVID-19, he had stimulus checks sent out – with his name on them – to the broader public.
So, that’s presumably to make sure that they associate him with the check. I understand that sending out gifts to the public with your name attached isn’t uncommon around election in some countries with kinda sketchy political systems.
One imagines that he might do a repeat. Most people don’t seem to have a great handle on what drives inflation, from polls I’ve seen. If you figure that you get political points for sending out checks but don’t lose as many political points for raising prices because people don’t associate you strongly with those costs, that might be an advantageous political move; add tariff, which generates revenue to federal government, then send money to some approximation of impacted people with name attached. It’s economically-inefficient, but…
What an idiot he is.
Plot twist: Trump is just looking to see if the Americans can stand up for themselves. If they remain silent and do nothing like people do in former USSR countries, he will continue to tighten the screws.
P.S. Need to take out a loan for Trump passport at 146% APR, lol
I’m not sure what to do though. Pitchforks at city hall? mean letters to white house interns? Protests that the news wont cover? I live in one of the bluest states there is.
We certainly cant count on the Corporatist dems doing much of anything, except if there is any pushback they will try to use it as a photo op while contributing no support to it at all.
Pitchforks at city hall? mean letters to white house interns? Protests that the news wont cover?
I don’t promote violence though, and I understand what do you mean. I just said to people it as a fact that he acts like a typical narcissist will do, and it’s unhealthy. You may have done the best you could, don’t bother.
Stay strong.
exclude oil, and the u.s. has a trade surplus with their northern neighbor.
so leaving oil without the extra tax, then there is not even that flimsy concept of an excuse to have the tariffs in the first place.
I read a post on Mastodon from someone in Ontario Canada that was proposing shutting off all export of oil and electricity to the US. The thing that made me doubt this was they were also calling for impeaching 45 (again!). That would leave Vance which scares me even more.
