- cross-posted to:
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- cross-posted to:
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- [email protected]
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.
If you are a non-Trump voter in a red state, especially if you work for the flagship company or industry in that state, I would like to apologize on behalf of all Canadians for what our government is about to do. We don’t want to do it but it is the only way to deal with a bully.
This massively violates the USMCA that he signed
You mean the “amazing deal” that is 95% the same as NAFTA lmao
He doesn’t give a fuck about anything. It’s so tiring that people assume that he is rational and he cares.
I’m sad seeing all these “Enjoy the collapse, losers!” comments.
Most people on most Lemmy instances, especially here, probably made it VERY clear we didn’t want this pathetic handbag-hobgoblin in charge. Yes, a lot of our countrymen voluntarily gave up their brains for his bullshit, but not all of us, by a long shot.
Policy stopped being directed by the will of the people a long time ago. We aren’t levying tariffs. He is. We , human beings just like you, are trying to keep it together as a grotesque parody of the fall of the Roman Empire plays out around us.
Stop falling for that tribalist nonsense. Love has no borders, and hate is too busy drawing them. Support your brothers and sisters on this Earth, because when the evil wealthy masters of this world set their sights on your democracy, it could happen to your home just as easily, don’t be fooled.
Edit: I’ve gone over my comment multiple times…where the heck did I even insinuate I didn’t vote? We only get one, and like many others, I said a prayer and ticked the box for Kamala’s half-hearted efforts to stopgap and buy us more time to fix this thing. For all the friggin’ good it did.
I’m sorry you’re getting the thoughts you didn’t vote, but I’ll admit I’m very much in the “Enjoy the collapse, losers!” territory so at least I’ll express mine, hopefully it helps make sense, and honestly, I appreciate your feeling to try to do better. If you figure out a way to move forward, fantastic. I just remember the top post of a comment when Trump won however and it so truly fits, “I’m tired, boss.”
I have been fighting to get people to vote for years, trying to keep them involved. Not trying to get to vote every 4 years, but every year, local stuff, this shit is important, people need to stay up on it. I’m considered a news hound amongst people I know… I listen to the morning news on the 30 minute commute to work, that’s how much time I put in to the news, that’s it. It’s not hard. Some days I say fuck it and listen to an audiobook.
People I’ve known who vote R, lets be honest, they went through the last Trump era and learned nothing. I remember back in the W. era people saying it should be illegal to speak against the president, who turned around and called Obama a muslim who should be deported. End of Trump era I knew republicans who were just starting to get it, maybe healthcare is fucked, maybe a lot of big corpo things are the problem… but immediately turned around and jumped right back in to Trumps circle the moment it came around “I couldn’t just vote for Kamala” just like “I just couldn’t vote for Hillary” and so on. Hell my state voted to repeal the strictest abortion ban and make abortion legal in the state, but still voted pretty much straight R despite a history of the party overturning ballot initiatives “Because the voters didn’t know what they were voting for.” So yes… after years of this, there’s the tribal “If you’re republican, you can go fuck yourself with a pineapple” especially as this collapse is coming.
On the non-voters. I’m sorry, I consider them just as culpable. In 2016 at least Trump was a… well anyone who paid fifteen minutes of attention knew what he was about but fuck it, I’ll give the people who said “Fuck it lets try something new” a bit of a pass. This time, there were no surprises on the table. You had Kamala, which yes was about as dead standard democrat as you got, and you got Project 2025 Trump back with a vengeance. Those that say “I didn’t vote for Trump” but by doing so stayed home gave their voice to “meh” and whatever happens they agreed to it. People I directly know who were in this, I know of one at least in a gay marriage, a few hispanic workers, and a trans individual, all who were “I’m just not interested in politics.” Well, suddenly they’re REALLY interested in politics. And many wanting to “rise up”, well I’m not going to trust someone who couldn’t be faffed to even do the basic fucking minimum to try to prevent things to watch my back when shit hits the fan.
So yes, we’re all hosed and anyone who didn’t see it coming had their heads so far up their own asses in the past 8 years they’ve proven they can’t be taught. I’m sitting in the fire too, I’m not going to like the collapse. But after years of the fighting and still witnessing the apathy, my empathy is dead. The tribalism is useful, these were the people who were willing to do the basic minimum to resist, so maybe we can actually help each other. I’ll help them as I can. The others I expressed about, no, I don’t want bad to happen… but at least the schadenfreude can be a little bit of light through some very dark times coming. Don’t weep for the stupid, you’ll be crying all day.
You should have voted then lmao
Nowhere in my post did I say I didn’t vote.
Were you responding to someone else maybe, or you just clownin’?
May the American people enjoy the fruits of their voting and sitting on their asses.
It wouldn’t be so bad if we didn’t get fucked by proxy of America electing an old senile fascist.
I am Canadian and I will feel Trump’s presidency for a while
Mama didn’t love him, now he’s a grumpy old man with grievances.
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
Here you go
deleted by creator
lol thank you so much
If they really wanted this to work it should be something like a steadily increasing tariff over time instead of 25% right off the bat. But I don’t think they really care about it working as intended.
i gotta be honest, i’m not entirely sure what is intended. this decision doesn’t make sense to me!
And even if there were American made alternatives, they’d still be more expensive than importing.
Enjoy your higher prices, suckers.
I’ll enjoy seeing the US go down.
We’re reaching the “find out” stage.
Just like the war on drugs, you’ll be able to buy black market tacos in alleys.
You aren’t already?
I am. Black market tacos taste fantastic if you ignore the numerous issues.
I’m morbidly fascinated to see how all of this shakes out.
Everyone on the left is saying it’s a terrible idea with very predictable and deleterious consequences.
Trump seems to think it’s as great as it sounds at face value - tax things that sound bad and get money.
Either way it will be a feature of economics text books for centuries to come.
Obviously I want to see Trump fail spectacularly, but it fucking sucks that would harm those of us who can least afford it.
If you went shopping last week and half value of your purchases originated in Canada or Mexico, then will the same purchases next week cost 12.5% more ? That’s pretty staggering inflation
Seems like Trump is trying to get rid of the income tax. He can’t just do that with an EO order though, congress has to do it.
He can do all these tariffs though, which will act as a quasi sales tax. And when everything starts to become more expensive, which will be blamed on something else, he will say he’s not removing the tariffs and congress should just get rid of the income tax to help people. He will say, look we are making so much money off tariffs and we have reduced government jobs by so much, we don’t need an income tax anymore anyways!
i come from a tariff heavy country. you want a sneak peak? inflation. shit is gonna get more expensive. that’s it
No no no he is going to stop all taxes, pay off the national debt, bring manufacturing back to the US, and build a Nazi mars base for Elon.
pay off the national debt
As if
Obviously I want to see Trump fail spectacularly, but it fucking sucks that would harm those of us who can least afford it.
I thought that was the plan…
One trick pony
Master of negotiations!
I do ultimately think tariffs will be good for the US. I feel bad for other countries I guess, but I think the US needs to be more productive.
California, seen as a relatively “progressive” state, has a sales tax on everything, and pretty extreme sin taxes. A tariff is like a sales tax, and a sin tax on specific imports.
The way you increase productivity is via exports, not artificially increasing the cost of goods. A sin tax is when you want to stop people from doing things so you make it more expensive. If you want to increase American cement production, you subsidize production.
Adding a tarrif to Canadian cement imports increases cost for imported cement, and encourages domestic producers to increase costs to match. If the competition just got 15% more expensive, there’s no reason for me to not raise my prices 14%.
If the government comes in and says they’ll pay me $15/ton of cement I produce, that encourages me to produce more cement and lower the price to sell it. Now I’m producing more, and I need to hire another machine operator and the economy grows because the lowered cost of cement makes people more willing to do things that need cement.Tariffs are really only good for counteracting other countries subsidies. If Canada were paying manufacturers $20 a ton to produce cement, then applying a $20/ton tarrif makes the prices unbiased.
It’s why our agricultural subsidies are viewed poorly by food scarce nations: we lower the overall market cost for food, and they can’t afford to subsidize their own production, and returning equilibrium on imports would starve people, so they’re trapped in a cycle of being dependent on imported subsidized food while living next to fallow farms.
Canada and Mexico aren’t subsidizing their export industries, and a lot of what we’re trading is in things we can’t or don’t want to handle. You can’t increase American uranium production, off the top of my head.
We had a position of trade strength, which meant that we could afford to import more than we produced because our intangibles were worth more, and what we exported was worth more. Import steel and export tractors. Now we’re saying we want to stop importing steel, making it harder to export tractors, so that we can bring back low paying dangerous jobs.
If you want to see productivity grow trumps way, go get a job as a farmhand picking spinach. Because his policy is basically that we need less engineers and more farm hands.
I’m glad you started your dissertation with “the way you x is via y” because it immediately informed me that I was reading the work of an expert genius and as a smooth brain, when a genius writes, I read.
One question, wouldn’t higher prices on imported cements sort of make local cements automatically cheaper, giving them an advantage without asking them to cut corners? In a free market you will often see a “race to the bottom” on goods, whereby manufactures and producers will cut costs so low that they lose money, so long as there is some other incentives that would lead to profit. Video game consoles are a common example. The console is sold at a loss with the expectation that they will make up the difference on the consumables, games and related services.
If local competitors can produce for lower cost than competitors it may drive more people, who generally just want to save money, to local businesses, creating demand, driving growth.
Tariffs only makes thing more expensive for everyone.
Let’s say you import steel at X$/ton and it cost Y$ locally where X < Y. You add a tariff T to make the imported steel on par with local steel.
Local steel still is as expensive and any production that uses imported steel now cost more.
Nothing went down in price, only up.
Now, there is a discussion to be had about buying local, but the immediate effect is that things will cost more even if manufacturers switch to local steel because they pay more for the same quantity no matter what.
This is a simplified version of the situation, but it explains the issue.
This assumes the local product wasn’t already cost competitive. If they are close and you slap a tariff on the import that adds further incentive to pick local. Assuming local would capitalize on the added revenue via reinvestment/expansion, it would create jobs and more demand, may even make the product or services even more affordable.
Picking local versus imported has no effect whatsoever on the price of the transformed product.
Business will find the source of primary resources that is the cheapest for their needs. Best case scenario, local is what’s used already and prices won’t change.
Otherwise, the transformed product will cost more because either the businesses pay the new inflated price for imported resources or they switch to a local resources which is more expensive. Prices will raise no matter what.
Guess which one we’ll see happening?
Video game consoles are sold at a loss on occasion because the marginal cost of game sales is extremely high. There’s no associated product to pair with cement that would drive you to sell it at a loss.
My point was that yes, it will drive people to local businesses, because they will be cheaper. Local businesses have no reason to keep their prices the same if the competition just got more expensive however.
I’m glad you found my comment informative. I’d hate to think I was talking to someone who wanted to say their opinion and then got defensive if someone disagreed with them. It’s a sign of someone with at least a wrinkle or two that they’re open to discussing their thoughts.
For more insight from people even more knowledgeable than me:
https://www.businessinsider.com/what-are-tariffs
https://paulkrugman.substack.com/p/the-end-of-north-america
https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/
Well the console example demonstrates long term payout strategies. Another example is in free to play games with microtransactions. You develop a game at a cost, you give it away for free, and you hope that it’s good enough to hook people and get them to spend on “hats”. It’s a lot of money up front to make more later.
I think the problem is that these tariffs are, for the most part, untargeted. They aren’t a “tax” on “specific imports”. They’re a blanket tax on all imports from many countries.
I thought it was targetted but again in California its all items sold are taxed and some at a higher rate.
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.
The Simpsons have not been wrong yet…
Then you get to speedrun to a corporate theocracy with President Vance.
Man look at Kissinger and the Bush Family.
If you’ve got a high enough body count you just live forever.
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.
Yep, Vance is in a way more dangerous than Trump. Trump might throw wrenches in the fascists’ plans by either blurting them out proudly thinking it was his idea or by being too afraid of being unpopular (which he is obviously obsessed with) and taking back some of the changes due to public pressure. Vance on the other hand will be just a hand puppet for Putin and/or Musk.
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.
choked on a pretzel
I wonder how many people reading this remember that this actually happened to Bush the 2nd.
Those were the days. We all wished for that pretzel to have been a little bigger, a little dryer. But somehow it didn’t work out. But, it could happen again! Lightning can strike twice in the same spot. Or lightning can strike in two or more spots separately non-dependently.
Dunno, I remember those days.
I remember commenting how we were a pretzel away from President Cheney…
Then again I remember Cheney being the “He picked him as a running mate to be a body shield because I’d take a bullet for W just to stop that from happening.” Unfortunately now we’re in the era where Cheney is the sensible politician (I threw up in my mouth a little when I just typed that last bit)
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.)
You’re right. I’m just wishful thinking.
Maybe just hemorrhoids. That would be lovely! … ESPN:And the president just got up again in another awkward gesture of disrespect! He seems in pain after all the points Bernie made…Trump:oh shit! Here comes the pain again! Fine fine! I’ll sign if we can all leave quickly!
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.
We also export a hell of a lot of soybeans, so when retaliatory tariffs kick in I guess our new ultra-masculine conservative government is going to have us all eating lots and lots of soy.
He’ll take them for his friends and family ao they don’t have to buy food
And sell the surplus to his billionaire cabinet to be resold to the less than poor while the poors starve.
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).
Lots of morons believe that and argues assuming that this is right.
Many Americans thought the foreign country paid the tariffs, so forgive me if I disagree that my country is capable of that level of thought.
Unfortunately, a lot of people are saying they think the county of origin pays the tariff and not the importer.
Yeah targeted tariffs only products where there’s a domestically produced alternative might do that. Putting tariffs on everything means people will just have to pay more for some things. Canada and Mexico will do the former, while the US is doing the later (much dumber) approach.
Anyway… this Canadian has just remembered a few more US based services to cancel. Not because of any price changes have happened yet but because apparently Americans have to learn the value of trade the hard way. Trade goes both ways, and that’s not going to happen as much now.
It will unless it can come from somewhere else.
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.
Especially compared to Washington
Can confirm am leaving it to move to Seattle funnily enough
For real though, aspects of Ohio are awesome. Republicans ruined it though
Has the second best CoL/MedianSalary ratio in the US. Ironically, the only state I saw that was consistently better was Michigan.
Plus we have Hocking Hills, which pretty consistently showed up on r/earthporn. If you want flat, we’ve got flat. If you want hills and mountains, we’ve got Appalachia.
Nice try Ohio
Yeah but any time the state does anything good by ballot initiative the state government does something regressive out of spite
Lol
Not to mention roller coasters. Two of the largest thrill parks in the US.
I have been to Ohio exactly ONCE, and I can confirm that the state does in fact suck balls. It’s so fucking FLAT…
Ooh you missed out on Athens Ohio. Beautiful city in the mountains
I’d use the term mountains loosely when describing Athens, Ohio.
That said, it is pretty with some great natural rock formations at Hocking Hills.
The entire state smells like balls too.
Can’t say I disagree lol