Trump says Canada and Mexico to be hit with 25% tariffs on Saturday
Trump says Canada and Mexico to be hit with 25% tariffs on Saturday
The president also suggested he still plans to impose new tariffs on China but did not give any details.
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.
Just like the war on drugs, you'll be able to buy black market tacos in alleys.
Someone make this into that Gru meme:
- Slap a 25% tarrif on goods coming from your 3 biggest economic allies
- Economy will strengthen due to American consumers preferring American made alternatives
- There are no American made alternatives
- There are no American made alternatives
One trick pony
Master of negotiations!
I love how old the orange asshole looks in the photos. Hopefully things just work out in our favor soon. It could be a permanent sleep or maybe a nice golf ball to the forehead or choked on a pretzel. I think we should probably place some ...legal... Bets on how it all goes down? It shouldn't that that long. I remember when my Grandma looked like that and we buried her a few months later.
Man look at Kissinger and the Bush Family.
If you've got a high enough body count you just live forever.
Man have you seen him speak? I don't know what concoction of drugs he is on or if he's just showing his age but he's definitely not the rager he was 5 years ago. Seems tired and much less coherant. Makes me optimistic he might be in mental decline more than I theorized previously. But if we go by the 'asshole' rule he'll outlive most of the Senate just out of stubbornness and hatred. We definitely need a quick solution.
It's not like this buffoon being gone will stop the rest of the out-of-their-minds and now fascist Republicans or Muskrat from continuing the work.
The thing is, I think that might be out of the frying pan and into the fryer at this point.
Vance is cooler under pressure in interviews and generally more coherent sounding. I think he does a far better job of saying ridiculous unreasonable things with a convincing tone of voice and demeanor than does Trump.
If Trump has one too many cheeseburgers tomorrow, then we've got young, clean-cut, smooth talking first-term President Vance to worry about, and I bet he won't be threatened by the attention Musk gets as long he he gets his cut. (Hell, I'm not even sure having to take over for Trump in that circumstance would count as his first term.)
As an American, I'm loving this... Really. Its high time we feel the pain we've inflicted on other countries. Our "comeuppance" if you will.
Great so now my food will cost even more?
WAY more. We import a lot of food from Mexico as is, and the immigration and ethnic clensing the Trump goverment is engaging in is already forcing farmers to watch their crops rot on the ground with no one to harvest them. So we're following in the great tradition of Stalin and Pol Pot, we have a dumb fucking asshole with a hard on for ''strong man tactics'' demanding we change how we get food in many extreme ways immediately, you know, instead of gradual change, so we'll all get to see what an artifical famine looks like! Do you think Trump will let other nations send us emergency rations so we won't die? Or will he confiscate them at a dock or border and have them dumped into the ocean so he doesn't look weak? North Korea knows.
I can't believe some people think that putting tariffs on a country means the country will just give the government 25% of everything and the merchants of that country are not just going to raise the prices to match the new expenses(or maybe even a little bit more since they have a good excuse to change prices).
I guess I can stand to eat a bit less, we can call it the economic collapse of the US diet! Just think of all the profits from the diet books! To bad they are going to cost 30% more now that my Mexican publisher is paying a tarrif to bring the books into the US. That's OK, spending more money on the book just means that you won't be able to afford as much food, making the diet work even better!
I can't believe some people think that putting tariffs on a country means the country will just give the government 25% of everything and the merchants of that country are not just going to raise the prices to match the new expenses(or maybe even a little bit more since they have a good excuse to change prices)
I’m not sure anyone believes that. The point of tariffs is that merchants will have to increase prices to keep the same profit, causing people to purchase less of the product and look for cheaper alternatives (those without tariffs).
It will unless it can come from somewhere else.
Lol, do it, bitch. Bet you'll chicken out of this one too.
A friend of mine works for an electric semi truck company. The vast majority of their parts are manufactured in Canada and Mexico; they're just assembled in the US. His mom voted for Trump and really wants him to move back to Ohio so he can have space and be close to family. He wanted to go back, too, and had a transfer and promotion within the company set up before the election. Now there's a company-wide freeze and his transfer is gone. The company's internal financial projections are not good.
His mom refuses to recognize that she just voted for her son to stay in Seattle indefinitely, even though he wants to move back. She keeps thinking that any day now, the economy will be so booming that his company will be doing great. He can't talk to her about it anymore.
Why the fuck would you want to go back to Ohio?
That state sucks balls.
Can confirm am leaving it to move to Seattle funnily enough
For real though, aspects of Ohio are awesome. Republicans ruined it though
The entire state smells like balls too.
Can't say I disagree lol
He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.
Translation: "We're going to artificially increase the prices of our competitors' products so the American ruling class can profit off of giving Americans a worse deal."
American ruling class, “Oh would you look at that, we just found a 24.99999% price hike that we definitely have to do because economy. Still cheaper though than the Canadian and Mexican imports.”
It’s just the rest of America that is going to get fucked.
I don't doubt he thinks that's possible, but what every one who repeats this idea seems to not grasp is that the US doesn't manufacture consumer goods, and increasingly we aren't able to farm our own food, particularly right the fuck now while we're depopulating the country of farm labor. There's nothing here to replace what we can't get now. There's no American alternative. We don't do that, we pay other people to do it in a country with no labor protections and garbage pay and economy. No one wants to start manufacturing anything new right now in the US because it will become even less profitable the second the moron is out of office and all this stops, then there's the fact that even if we had people who wanted to start doing all this manufacturing, it would take them often more than 5-10 years to get off the ground and that's not even getting into finding labor in the US to do this work. While we're being depopulated. Apparently the 1m dead from Covid simply wasn't enough.
But wages will go up because more stuff will be made in the US! /S (Basically my father's argument)
Narrator: no they won't
I was going to give up eating this year anyway. Food just takes too long to buy, cook & eat.
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.
Canada's boss move is to remove the intellectual property laws that the US asked for and let Canadian companies and consumers thrive again.
This would be beautiful. I remember when there were mod-chip stores beside internet cafes, where i could bring my xbox and pay to have a chip and a hard drive installed that let me copy any game i wanted from a rented disk or downloaded off the internet right onto the console. I still have that console and pulled it out during quarantine to make use of the huge library of games on the hard drive. Having this sort of freedom for all types of goods and electronics would be incredible, but i doubt it will ever happen.
I really like this idea.
This is a really good read. Thank you.
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.
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
Trump is running the US the same way I ran my cities in SimCity2000
"Oooh it's December, time to raise taxes to 20%. Ok January again, lowering taxes to 0%. The people love me!"
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.
I've compared to Afghanistan many times.
but I’m sure it’s mostly just trying to destroy the the US’s relationship with it’s most important allies.
Close, but no cigar.
As usual, it's to make the American ruling class richer. That's all. Full-stop.
Let's stop distracting ourselves from it 🙂
Its very possible to enrich corrupt elites without taking an axe to the US's strategic position. That would be preferable for securing the wealth of the ruling class in the future.
Of course they want to make the rich richer, but this level of systemic destruction isn't the most efficient way to do that. The damage is clearly part of the goal.
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.
Never again.
Optimistic
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.
It's not just the media that loves tariffs.
Plenty of regular, stupid people have been convinced that a worse deal is better if they're making someone domestic richer instead of someone foreign.
The domestic aristocracy doesn't care about America, or else they would take a hit to their profits to provide Americans a better deal.
Plenty of regular, stupid people have been convinced that a worse deal is better if they’re making someone domestic richer instead of someone foreign.
No, regular people don't understand how tariffs work at all. They literally think that Canada, Mexico, and China are the ones that pay the tariffs.
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.
Nah, EU likes them avocados and fruit too, especially in winter.
Looking forward to cheaper maple syrup!
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.
back in the first episode, lord diaper whined, and whined and shit on nafta, forcing it to be 'renegotiated' by him. he just had to have his name on everything.
nafta was a long time in the making, from reagan, to bush, to clinton when it finally went into effect. it had bipartisan support in congress, a little stronger from the right.
undone by a single shart from an orange moron that leaked, and then magically 'fixed' by the same..
in the end, what mr. art-of-the-fucking-deal managed to 'negotiate' is almost entirely the same as the nafta he hated so much.
now he's shitting on his own fucking deal. fuck'm.
i fully support your efforts to avoid our products and companies for the next few years. and if anyone up there wants to come renovate the white house again...... i won't be in your way.
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...?
"surely he'd exempt X from..."
Exact same reflection as all the people who depend on migrant workers that voted for him only for the bubble to burst in their face.
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.
it's a 25% import tax paid by the importer. when their margins are added, and then the distributors' on top of their higher costs, at each step of the distribution chain.. it'll be a fair bit more than 'just' +25% once product reaches the store shelves.
Thank you.
Finally someone rational who understands that tariffs are horrible for the working class.
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.
He meant everything he said when he was in those closed door meetings with his investors and sycophants.
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.
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.
Take some time to watch this, then you should understand.
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...
Don't forget his little issue with TSMC holding a virtual monopoly on wafer fabrication.
Don't forget that's HIS FAULT.
GlobalFoundries had working 7nm, but they were a year late and-
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Intel's problems appeared to be over (they weren't)
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TSMC would have mass production of N7 up within months (they were already in risk production)
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Samsung's aggressive posturing and pricing for Samsung Fab would eat into their business, even though it was for a 10nm class product
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UMC would have 7nm up within 6 months (they stole TSMC IP and got clapped for it, no UMC 7nm)
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SMIC would also be up within a year (Also stolen TSMC IP, they can't sell it in the west but it's used extensively in China)
All those thing would make it hard to make a lot of money when they were a year late (though all of them turned out wrong except TSMC). SF parent company would have allowed all that to happen too, but then Trump started subsidising oil to put pressure on OPEC. ATIC no longer had their 'unlimited money' and GF had to get back in black, so 7nm was cancelled.
This left only TSMC and Poor Quality Samsung (Intel still doesn't really do third party fab work)
Thanks Trump for putting tariffs on for the mess you created.
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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.
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.
The person who proposed shutting off electricity was Doug Ford, the premier of Ontario who could in fact follow through. It would definitely be the nuclear option but it would disrupt the power grid of several norther states we border.
I don’t think it will come to that. I think the orange idiot just wants some politicians to grovel and pay his tithe at the last minute so he can feel powerful. He’s “warned” of tariffs too many times to make me think he’s serious.
Literally any other politician I could believe would be stupid enough to rile everyone up about tariffs but still be hesitant to pull the trigger on it out of fear of the economic repercussions.
Trump straight up doesn't understand the repercussions, will fire anyone who tries to explain them to him, and has no reservations whatsoever about pulling any triggers that he can get his lil fingies around.
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.
flimsy concept of an excuse to have the tariffs in the first place.
Gotta distract people while the ruling class robs them blind.