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.
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’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.