Trump vows to put tariffs on goods from Canada, Mexico, and China

Just saw this on the NYT site.

Hold on to your hats!

Where does the tariff money go? Into his bank accounts? He’s never able to explain how this will help and not hurt the economy.

Damn. I was going to wait until the tax cuts to start moving to safe investments. This is going to be bad.

I can't wait for this to happen.

The entire economy will collapse.

It'll be fun to see MAGA shift blame, move goal posts, etc., instead of just admitting they fell for an idiot.

(Oh, and he's doing all this to stop fentanyl? Haha. As if this will stop that shit.)

Even their "But it'll force consumers to buy American goods." holds no water. So many of the raw materials and parts for goods U.S. manufacturers make originate overseas. So, even if you're buying American, you're still going to pay more.

And they want to kill the CHIPs act, too.

R4, do you think you won’t be affected by this? MAGA aren’t the only Americans who buy groceries.

Just great.

That’s the problem. There is no guarantee that tariffs will stimulate American businesses. If they need foreign parts, they have to pay the tariff as the importer. Then they will pass the cost on to the consumer. No one wins with tariffs.

[quote] It'll be fun to see MAGA shift blame, move goal posts, etc., instead of just admitting they fell for an idiot.

"Prices may be high, but they would have been so much higher if Kamala were president."

Time to put "I did that!" Trump stickers on everything

The reaction among the elderly MAGA faithful at Free Republic is ... something.

[quote]I’d pay $5 for a nice tomato, onion, head of lettuce, etc. if it meant my border was secure and illegals did not pick them.

[quote]If prices go up and border infiltration stops, I’m ok with that.

These are the same people who were screeching about $6 for a dozen eggs. Now that their cult leader will be overseeing inflation, they're happy to pay $5 for a fucking onion.

R6 of course I will be affected. But I can afford it. It won't bother me much at all.

Do I feel horrible for people who will get destroyed by this? Of course I do! But unlike 2016, everyone knew who Trump was and what he'd do once in power. Everyone. No excuses this time. And while Harris wasn't perfect she wasn't Biden. Old and feeble. There was zero excuses to vote for him over her IF one was paying attention.

And I told EVERYONE on the right/center right in my life this would happen and not one of them believed me. Told me it was nothing more than liberal scare tactics. So this will be on them.

I promised myself this go around I wouldn't do what I did in 2016: Give anyone the benefit of the doubt.

The real question is who(which companies doing business with said countries) will get the exemptions from the tariffs. Tariffs are just a threat to get people/companies in line.

If you are a naughty CEO, you get a tariff; if you are a nice CEO, you get an exemption from said tariff.

What about NAFTA, the free trade agreement part, specifically. Mexico may actually benefit from A US tariff because they can import and export to China instead.

Most of the produce sold in grocery stores comes from Mexico. so look forward to the cost of vegetables to go sky high.

Exactly R14.

It's such an economically stupid plan that it almost feels like a trolling.

As a Canadian, I'm thrilled by this because it will mostly affect the so-called Maple MAGA in this country. If this happens, Canadian oil and gas and other natural resources will be destroyed and our deplorables who idolize Trump will lose their jobs. Just desserts, I say.

Whatever he’s doing, it must in some way be profitable to him.

The same sort of trolling as putting clearly incompetent partisans into cabinet positions... they do this shit just to piss us off and distract us from noticing all the other crazy shit they're up to... I have no more fucks to give... whatever happens, happens...

Doubtful it will happen. Section 232 of the Trade Expansion Act of 1962 states that the president can raise tariffs on imports that pose a threat to national security. Section 232 allows the President to implement these tariffs without the approval of Congress, following an investigation by the Department of Commerce. Other than those types of tariffs Congressional approval is required and i don't believe there are enough republicans who would vote to impose them. They know how badly it would piss off the voters.

R20 you're totally correct. But I just don't think Trump gives two shits about laws, rules and regulations.

This is what we all feared would happen: He would do whatever he wanted. Legal or not. Who is going to stop him? No one.

Oh well. This is what the idiots wanted. So everyone will just have to deal with best we can.

Depressing. He and the dumbasses who voted him in are going to bankrupt so many. I guess widespread poverty will be hilarious for them, though.

[quote]That’s the problem. There is no guarantee that tariffs will stimulate American businesses.

there is no evidence at all because the US no longer has the infrastructure to completely manufacture these things, or even the infrastructure to try. trump is imagining (or leading his followers to believe) that in one fell stroke the US can be turned into 1948

Listen, bitches. Doesn’t everyone here detest Trump, MAGA, and all the right wing mouthbreathers and criminals in government (and their civilian cheerleaders and accomplices)? Of course we do, but NO ONE except Russians and their “axis of evil” partners should be gleeful about the possible effects of Mango & Co’s incompetence and malevolence tanking the economy and throwing the country (and the world) into a catastrophic economic apocalypse. Get a grip, people.

Trump says the higher tariffs will be in place until Mexico & Canada take stronger actions to bolster border security & crack down on fentanyl exports to the US. I actually think this will initially be a very popular policy, until it isn’t, at which time time Trump will fold like a cheap suit, claiming victory nonetheless.

On a fundamental level, Trump doesn’t understand tariffs. He thinks it penalizes the outside country but the cost is paid by the American company importing the product. If you don’t understand that then you are talking out of your ass, Donald.

Although, if the tariffs on veg from Mexico, makes them too spendy, it will help the American farmers & all those Americans who take the jobs of the deported farm workers........... And have to pay them American wages........ Tomatoes are going to be 10/lb & seasonal......... He's isolating us & we're fucked......

What do you expect? His hero is Hannibal Lecter, a serial killer.

R11 I think a lot of people were pissed about illegal immigration and then seeing all those migrants get 500 dollar debit cards a month and free housing in hotels in the most expensive parts of Manhattan. Though they aren’t illegal, many Americans cannot cypher the difference. And it just seems unfair.

R20 Primaries coming.

We import like two-thirds of our supermarket produce from Mexico. If Jethro and Bethany-Susann thought eggs were expensive, wait until they try to buy tomatoes next year. Although they don’t eat vegetables that aren’t “creamed” and come in a can, so I guess that’s all irrelevant.

His voters live in Delululand and sadly are trying to drag everyone into their fever dream.

R20 It's adorable that you think Donald J Trump will abide by any laws or regulations now that the SC has made him king of the US.

I never, ever, want to see the word “spendy” on Datalounge again.

R26, and this doesn’t even factor in the counter tariffs that will be put in place.

I just saw on the news that this is happening via executive orders and it's happening on January 20th he promised. Canada and Mexico 25% and China 35%.

It seems like everybody knows - even 59% of Republicans and 79% of Democrats - that the tariffs will lead to higher prices and inflation.

R20 unfortunately the world you're talking about no longer exists. None of those things matter now. Trump can literally do anything he wants and there are never repercussions.

We’ll see. Do the tariffs go on every imported item because some are things the US can’t produce but needs? Or will the US use this to start negotiating new trade treaties?

The tariffs will go on everything including food is what they have repeatedly said R37. So it will be on everything imported from those countries. The US importer pays the tariff at the port of entry and will have to pass it along to their customers/manufacturers. Consumers will have to pay more for the same products so will buy less of the product and this will affect the suppliers bottom line. This will eventually lead to job losses. Trump said that Canada and Mexico must work harder to keep drugs out of the US. This must be their punishment.

I don't get what the end game is here. It's going to cause price increases and high inflation and the vast majority of Americans know that this will happen - but for what? Bring back US manufacturing? Anyway it's happening and they said it would be on all trade so I guess the EU and UK etc. are next.

Trump is already governing by making these announcements and through his nomination picks. Sending clear messages.

The double whammy of tariffs and undocumented workers being deported en masse. Farmers and small business folks, blue collar workers, hmmm, who else? Who else voted for TRUMP? Anyhoots, meet your leopard.

Okay, we’ll see how this plays out. If Mexico promises to work harder to keep drugs and migrants out, does Trump stop the whole thing? It’ll be interesting to see how it plays out. And this is day 1 when mass deportations begin also? OKay.

R37, tariffs are generally uniform

R40, you sound daft. “How it’s going to play out” sounds like a trumpist line

No it’s not. Trump is a bullshitter in case you hadn’t noticed. He never does anything that would hurt his billionaire backers. There is no way those tariffs go on and wrench havoc. So I’ll wait and see how he gets out of it.

…wreck …

Nothing Trump has ever threatened to do worked out the way he wanted it to. I fully expect this tariff threat will be another instance of what he says and what he does are usually two different things.

Can't wait for the midterms. If things go the way it looks like they will go I think we're going to see many republicans in congress getting the chop.

Too bad avocados don't freeze well. No quacamole at your Super Bowl party!

Christine Romans (?) was on the Today Show this morning talking about the tariffs and Canada. She said, with automakers, some things are partially assembled in the US and then shipped to Canada for additional assembly. That unit is then shipped BACK to the US for complete assembly of the auto. The price of cars is going to be horrendous!

R243/R244, the word you're looking for is "wreak." And I do agree with your bottom line. The stock market is his Holy Grail.

except in elections, apparently

But just because he doesn’t want to tank the market doesn’t mean he won’t, or that he can put the genie back in the bottle. We are going to have a maniac at the helm for four years. Again.

Trump 1 wasn’t a maniac. Not sure about Trump 2.

[quote] But just because he doesn’t want to tank the market doesn’t mean he won’t

True, but he's not going to intentionally do something his billionaire advisors assure him will do so.

Trump 1 was definitely a maniac. Many have forgotten the details, which is a big part of the reason he was able to win.

He'll enter into some meaningless international agreement as his way out of the threatened tariffs.

I have not forgotten how many died during Covid due to his incompetence.

r50, hate crimes and violence skyrocketed in his first term. you have the memory of a flea

Because it worked so well last time? China and Mexico, the largest buyers of US Produce, stopped buying it from US farmers and Trump had to subsidize them to the tune of billions. "The spending surge began in mid-2018 when USDA started writing checks to farmers and ranchers to pay for the damage from Trump’s trade war, which brought about higher tariffs that crushed agricultural exports and commodity prices. Farm sales to China plummeted from $19.5 billion in 2017 to just $9 billion the next year; as producers continued to hemorrhage profits in 2019, farm bankruptcies jumped nearly 20 percent last year.

The trade bailout has now spanned three years and surpassed $23 billion, even though it was never appropriated by Congress. Instead, the money was funneled through USDA’s Commodity Credit Corporation, a Depression-era agency that can borrow from the U.S. Treasury to stabilize the farm economy." - Politico

Those who voted for him aren't going to care if we all end up starving in the streets, aside from their Orange Jesus and MAGA mascot Leon. It will be all: "😂 Cry more, Libs!", "GOD IS IN CONTROL, Y'ALL! 🙌🏼" and posting of Bible verses.

They'll happily dumbass us into oblivion.

Trump blathered on about tariff being the most beautiful word, even though every economist said implementing tariffs was a bad idea. It's going to be a difficult even for this Supreme Court to find that imported food and lumber are national security risks, so Congress will have to approve the tariffs, which they won't because they are fucking stupid. This means that when undocumented migrants continue to enter the US (which they will because Trump doesn't account for push factors that prompt migration) he will be able to blame Mexico and Canada for it and tell his uncritical supporters that everything would have been fine if he'd just been able to get his way.

not so sure about that, but one can hope, hope against hope

Trump won't need Congressional support for imposing tariffs, R58. Probably an academic point, because I suspect he'll quickly retreat on this idea under cover of some faux agreement.

If weather Dems and liberals had only pointed out more directly, and more often, that only bigots and Nazis would vote for trump , we could have stole a lot of his support that did not want to be called bigots and Nazis.

Next time we should try that approach.

Only louder and more often.

Weather? WTF?

“If only…”

not sure about that either

He will damage the country so badly it will take decades to recover. Once Elon and Vivek get done getting rid of 75% of government offices for "efficiency" there will be almost no oversight. Congress is 100$ under his control, the Senate is, and the Supreme Court is. Nothing is left to stop him and we let it happen. He told us all along who he is. He showed us who he is. All of them did. And we let it happen. Jesus Christ women voted for him in droves and he got Roe V Wade overturned. We are a nation that deserves what we get.

[quote] Trump 1 wasn’t a maniac

Were you in a coma from 2016 to 2020?

did you get a new crystal ball to use since your recent predictions that Harris would win? Because your old crystal ball was for shit. It was not working at all. . I started to think you could not tell what was going to happen in the future. R64

indeed this is so.

there other salient characteristic is that he is mercurial, dodderingly old, and ineffective.

but God help us all for the coming times

Those with their nubs hard for chaos and "Burn it all down!" will get what they've claimed they've always wanted.

I'm absolutely positive it will not go as they've been hoping and dreaming, though.

Life's a bitch like that.

He must put those tariffs otherwise democrats are going to say that he is taking Kamala Harris’s economic position and that is not what his based voted for.

Trump’s voters wanted lower prices.

Trump is giving them higher prices.

Co-President Musk says be patient.

MTG says show me your genitalia.

Dream team!

Let’s say you’re just out of college. You landed a decent job, & are now able to afford your own apartment.

First thing you will need above all things? A mattress.

Here’s what you pay for a decent, well made hybrid mattress before tariffs: $799.00.

Here’s what you pay post tariffs: $1,078.65.

You could have used the $279.65 on new bedding, bath towels, or money towards a new refrigerator.

Not anymore!

If you’re graduating in December, or have recently graduated? Ask your parents to lend you the cash towards furnishing your entire apartment NOW.

I know we have to pay attention to what he says. But it's much more important to pay attention to what he actually does.

. Do black and Hispanics not remember either because he did better with them this time around. Ditto with Asians.

Around Covid there was an increase in anti Asian hate crimes in NYC mostly by mentally ill black men. I know we were supposed to blame MAGA but that wasn't the case. At that time you couldn't refer to the race of criminals so it was just labeled anti Asian crime. End of story.

Trump was a chaotic loon. Maniac implies no judgment at all and that's not true. He always knew how to cater to his base. Otherwise he would never have been re-elected.

The middle class voted for this tax on the middle class

MAGAts will be told to blame Democrats for price increases. So they'll blame Democrats.

[quote] Around Covid there was an increase in anti Asian hate crimes in NYC mostly by mentally ill black men. I know we were supposed to blame MAGA but that wasn't the case. At that time you couldn't refer to the race of criminals so it was just labeled anti Asian crime. End of story

Trump completely spurred that hatred with his Kung-Flu nonsense. The mentally ill were receptive to Trump's message. Across the US, the majority of perpetrators were white.

mAGAts will suffer

Trump always hates on minorities:

Chinese are responsible for Covid; Haitians are eating dogs and cats; Central Park 5 should get the death penalty; Brown immigrants are taking your jobs....

All to satisfy his white supremacist base.

[quote] And they want to kill the CHIPs act, too.

Ponch and Jon?!

Oh, that’s where I draw the line.

[quote] Just desserts, I say.

Oh, dear.

^^^That's correct, R81. Did you want it to be "just deserts"? Like the Sahara?

CHIPS will be hard to kill because so much money goes to Republican states.

I made the mistake of turning on MSNBC this morning (yes, I know, but I'm curious to see what they cover and how). And it's a four alarm fire about these tariffs and how it'll make everything more expensive.

Umm, this information might have been helpful BEFORE the election.

they seem to want to strangle the impoverished southern states

[quote] Umm, this information might have been helpful BEFORE the election.

Please, no GOP voter would have cared

[quote]Umm, this information might have been helpful BEFORE the election.

Umm, if you'd been paying attention BEFORE the election you would have known..

[quote] ^That's correct, [R81].

No. No it’s not.

[quote]Did you want it to be "just desserts"?

No, it’s properly spelled “just deserts.” Look it up.

The President of Mexico fires back

Damn, R88 -- that's fucked up. But I give in.

What R89 says. I knew she'd be a good President!

The world needs more female presidents. Too bad Kamala isn't one of them.

[quote]Where does the tariff money go?

Into the pockets of the companies that will jack up the prices of their products.

He is doing what he always does. Propose something insane. Let everyone freak out and project disaster. Do something minimal or something that is overturned. Claim credit for doing something insane and also for the projected disaster not happening.

We could not do this over and over again. Just step back and let the Deplorables lead the charge. Or not.

[quote] Do something minimal or something that is overturned. Claim credit for doing something insane and also for the projected disaster not happening.

That's his strategy. He'll end up imposing no tariffs at all or only very limited, targeted tariffs. Meanwhile, he'll take all the credit for the improving economy that Biden left him. He'll tell the Deplorables, "See. I imposed tariffs, and now the economy is stronger than ever."

R90, that don’t mean we don’t love ya.

There’s only one reason I know that particular thing: It was MY first oh, dear when I got here in 2008. I couldn’t believe it myself. Meh, whaddaya gonna do? It’s a strange thing.

R20 is utterly wrong. The president may declare an international emergency and then unilaterally impose new tariffs.

R58 it would never get to the Supreme Court—duh. The Constitutional authority, coupled with the statutory authority, are unchallenged as a practical matter. Re Mexico: I declare fentanyl an international emergency! Done. And so on..,

R90 never made it to an Honors class in high school.

What R93 and R94 said

What could possibly go wrong with such a simple idea?!?

[quote] Where does the tariff money go?

Tariffs are taxes that goes into the country's coffers.

So if there is a 10% tariff on Mexican goods, everything from Mexico (including food) sold in the US, has a 10% added on to the price. That 10% is a tax that goes to the US government. Of course, Mexico will retaliate by putting a tariff on US goods.

R89, good for her. The US is the shithole country now

And that tax is paid by the US company importing the good from Mexico. Mexico doesn’t pay the tax.

R101, that part is always left out, also China and Canada and likely anyone else

r101. It cums straight from the pockets of consumers.

[quote]I made the mistake of turning on MSNBC this morning (yes, I know, but I'm curious to see what they cover and how). And it's a four alarm fire about these tariffs and how it'll make everything more expensive. Umm, this information might have been helpful BEFORE the election.

R84 Tariffs were talked about extensively on MSNBC before the election. Lawrence O'Donnell focused on it during his show, explaining how detrimental it would be to raise tariffs and others mentioned it too. There were news articles and quotes from economists who reviewed the plans of both candidates and concluded that Harris' would be better for the country, while Trump's tariffs and deportation plans could cause inflation to rise and slow growth. Yet many of the same people saying the economy was their top priority still voted for him. I guess when they went into the voting booth, the lure of retribution and hate was so overwhelming or they suffered a bout of temporary amnesia causing them to vote against their own interests.

IMHO Trump voters were manipulated into voting for him since he scared them regarding trans-inflation-illegal criminals. Plus they didn’t want a black woman as president. They will never take any responsibility for putting him back when he screws up.

R206. I guess no one actually watches Larry

R106–^

I think most Trump voters agree with r93. It’s big threats to get something done.

If only someone had brought this up in a public forum right in in front of Trump.

R110 not just to get stuff done but to do it in a way that gets lots of people like maga and DL really excited. Sadly for the Dems the trump admin might not be as crazy as the Dems hope or think it will be.

Lots of noise though. It’s going to be loud and exciting.

[quote]Sadly for the Dems the trump admin might not be as crazy as the Dems hope or think it will be.

I agree that this is the most likely outcome.

He's running a professional operation this time.

His appointments are far less professional this time. The previous administration generally had qualified people who had run organizations. These folks are celebrities and talking heads.

You wish. Chaos is his middle name.

Enjoy paying 25% more for aluminum. Most aluminum in the USA is imported from Canada, almost 300 million metric tons per year.

The U.S. is in sorry shape if we have to read the tea leaves of a convicted felon’s ramblings on Truth Social. He’s not even in office yet but is creating chaos.

R106, people say that they vote for “the economy,” but it’s impossible to know what that means without asking more questions. Frankly, compared to the way most people on the planet live we’re incredibly well off yet somehow we’re unhappy. Why is that?

Side-note because it doesn't warrant a separate thread:

I'm already sick of the strumpet golfer granddaughter Kai.

[quote]He's running a professional operation this time.

On what planet? There are no moderate or establishment Repubs or government types in this new Administration at all. He's been all over the place with his Cabinet and other picks, but nearly all have to pass the Trump loyalty test, meaning they'll jump when he asks them to. He's already imposing major, debilitating tariffs, simply because he feels like it.

I'm sick of her too r119. They need to stop trying to make her happen. She's the discount Ivanka.

R120, the election results have emboldened a lot of very weird, right-leaning political commentary on Datalounge. People like that were here during the Bush Administration. Many seem to think that expressing a contrary opinion automatically means they should be taken seriously.

Good. This is what the majority of American voters wanted, this is what they're going to get. It'll hit us all pretty hard, but it'll hit the MAGA hardest, and I am fine with that.

[quote]She's the discount Ivanka.

Is that even possible?

He's trolling us to death with these insane proposals. I agree with R93, this whole thing may come to nothing when people start protesting.

It should be interesting because all of Trump’s promises are NEGATIVE: tariffs that will lead to price increases, mass deportations that will create conflict, mass government employee layoffs etc. Did he even run on doing anything to help people, other than the rich?

r66 One does not need a crystal ball to know what happened before will happen again but 10x worse.

No, R126, he ran on "concepts of a plan" and offered no policies that were positive for ordinary Americans. It was all hate of illegals, political retribution, rewriting history to say he didn't lose in 2020 and staying out of jail. And he conned enough of the electorate to give him another term because he'd be "better" for the economy and magically "bring down" prices back to pre-Covid levels just by being in office again. Despite the fact that the Biden administration will hand him an economy and lower rates of inflation which any other highly-developed country in the World would envy.

the GOP won on lies and hate.

R111 👏 👏

Remember at a town hall when a woman asked Trump about rising childcare costs and he said tariffs would take care of it? That’s his economic plan to help the middle class (a non answer mixed with stupidity).

What do you mean tariffs are going to raise prices??!!

Nothing good will come from his presidency.

Trump is more popular than ever. It’s confounding, but true.

Fuck him

No only do Americans have to pay the tariff but American companies can now raise their own prices to just below what the tariff price is.

Who was the last US President to use tariffs on Chinese imported goods?

A hint—-his uncle was eaten by cannibals during WW2.

It's amazing seeing Trumpers who were just last month experts in public health and the month before that experts in disaster relief and the month before that experts in geopolitics and the month before that experts in medicine and the month before that experts in the issue of the moment, now being experts on economics and tariffs.

It's a shame they hid their genius in high school and are just now coming into their ability to be smarter than those who have studied and put the work in for decades. Trump has truly helped them reach their true potential!

I guess I ought to have known they were all stealth genius IQers with all of those test results they share on Facebook with titles like: IF YOU CAN PASS THIS TEST YOU'RE A GENIUS NOT MANY CAN! or ONLY GENIUSES CAN SOLVE THIS RIDDLE!

which is criminal

Anyone know whom r137 is referring to?

The Tariff Act of 1930, also known as the Smoot-Hawley Tariff or Hawley-Smoot Tariff, was a law that raised import duties on over 20,000 goods in an effort to protect American farmers and businesses:

Purpose: To protect American farmers and businesses from foreign competition Impact: The tariff made the Great Depression worse Supporters: Senator Reed Smoot of Utah and Representative Willis Hawley of Oregon Signed into law: June 17, 1930 by President Herbert Hoover

The Smoot-Hawley Tariff Act raised import tariffs by an average of 40% to 60% on around 900 goods. The law was intended to help American farmers by raising tariffs on agricultural imports to boost farm prices. However, the tariff had a number of negative consequences, including: Freezing international trade, Damaging Hoover's standing with the Republican progressives, and Not being well received by voters.

You mean you don’t know which American president who allegedly had an uncle eaten during WW2?

Joe Biden and against China

Tariffs have been used by a lot of presidents.

He shouldn't be allowed to be president. He'll get us ALL killed this time. There will be a war of his own doing, I can feel it.

I remember you R143. You are one who also told us you had a feeling Biden then Harris was going to win.

I support what Biden is doing in the Ukraine but I realize that what Joe is doing puts us closer to war than anything Trump might do. Trumps friends will be our recent and now former enemies.

US ammo will soon be stopped being fired in Russia.

You can relax and put off your trip to see the military recruiter to enlist

The Bulwark's Jonathan Last doesn't think any of this will really happen, at least not as outlined during the campaign & beyond. He likens it to Trump's scrapping NAFTA & entering into a new agreement that basically changed nothing. And to his "building the wall," which didn't amount to all that much.

Look at the quality of life in Russia.

R143, I can too. Simply the worst human on the planet

MAGAs on twitter are claiming and swearing that this WON’T harm American consumers at all, and that Canadians and Mexicans are the only ones who a reason to be upset and concerned….

Do they understand that China, Mexico and Canada are the biggest economic partners of the USA?

Nope

What happened to our economy when the Biden Harris WH put tariffs on China? On a number of big items.

Honestly despite the fact Biden imposed tariffs on China I was hardly aware and if I had known I would not have given a shit.

I don’t even remember a DL thread about it.

Biden’s were strategic tariffs on a small number of sectors to protect our domestic capacity, specifically in microchips. You’d have to be truly uninformed to think what Trump is proposing is equivalent, but look where we are.

R151

Tariffs are not my go to reading or interest.. But I assume that all tariffs are implemented “ to protect our domestic capacity”. In fact I would bet that is the reason that is always given for tariffs every time and every president.,

And if you think it was all about microchips under Biden then you don’t know much more about Bidens tariffs than I do.

Let’s get back together once we see what trump imposes. I do not trust trump at all so I will wait to actually see what he does opposed to what he says he will do.

[Quote] What happened to our economy when the Biden Harris WH put tariffs on China? On a number of big items.

Trump’s proposal is on a much more massive scale.

Two months and counting.

No more Mr. Nice Guy; time to go jet black, Dark Brandon.

R153 Biden imposed tariffs on China Trump is proposing Tariffs on China. If trumps are bigger than Bidens then I guess his has a chance to be better or worse.

Unlike you folks who know what is going to happen I am waiting to see what happens and how what happens works out.

Biden thought tariffs on China were a good idea,

I love it, I can't wait to rub it in on the motherfuckers who voted for him.

[Quote] Biden thought tariffs on China were a good idea,

Trump says he wants to impose tariffs on products from far more countries

Remember when the right would shout about Obamacare: It’s a tax!!!

Ok I may be wrong here but I think this is posturing on his part.

He considers himself to be a genius at dealmaking and all this bluster may be intended to cow the Chinese and other countries to rush to make concessions.

Hes actually not the genius he thinks he is, and it may end in catastrophe.

If it does, one side effect may be that the stock market crashes, and anything linked to that will plummet as well. The lions share of my retirement savings are in 401k and mutual funds, but I do have about a third of it in CDs so I won’t be utterly ruined.

The U.S. has a very fraught relationship with China. Threatening China over trade is something all presidents do. However, they usually don’t threaten our allies and neighbors like Mexico and Canada. That’s bizarre.

My prediction is that countries will not be bullied by him because (1) they are by now familiar with his act, and (2) he is a short-timer who may be severely reigned in two years from now due the to the 2026 midterms.

[quote] If trumps are bigger than Bidens

No fucking way Trump's is bigger than Biden's!

Both countries rely on each other as a main source of imported energy, including oil, natural gas, clean electricity and uranium, with energy trade hitting C$198.2 billion in 2023, according to the Canadian government. Along with exporting crude oil, Canada also sends clean electricity south of the border.

Oil is the top U.S. import from Canada, with a record 4.3 million barrels per day in July, according to the U.S. Energy Information Administration. Energy products overall made up a third of Canada’s $598 billion worth of exports to the south in 2022, according to StatCan.

Canada exported US$438 billion to the United States in 2022, mainly crude petroleum (US$117 billion), cars (US$27 billion) and petroleum gas (US$22.4 billion). Canada also exported services south of the border in 2020 worth US$25.5 billion, namely computer and information services (US$7.68 billion), transportation (US$5.45 billion) and financial services (US$5.08 billion). The data came from Observatory of Economic Complexity(opens in a new tab), an online data visualization and distribution platform.

Motor vehicles and parts from Canada are another major import, making up almost a fifth of the $362.9 billion in imports(opens in a new tab) from the U.S.

What exactly would he be negotiating for with Canada and Mexico?

He’s hoping by applying tariffs that they will make concessions about drugs or “bad hombres” crossing the border. What that has to do with Canada I have no idea. The traffickers of fentanyl are largely Americans smuggling in the drug.

But he’s hoping tariffs will encourage American consumers to buy “American” because it will be cheaper. However, most American made products tend to be more expensive due to our labor being more expensive. I honestly don’t know what he is trying to accomplish and my degree is in Economics.

[quote] You’d have to be truly uninformed

Welcome to Trumpmerica 2024!!!

Welcome to any DL thread 2024!

R159, i believe that you to be wrong, i’m afraid to say

Trump’s threatened tariff on Mexico and Canada could cost US households $1,300 a year:

I heard even more

Regrettably, it ain't gonna happen.

Don’t be so sure

Hey, it got headlines!

Right. That’s his primary headline. We saw that JT came from canada?