7mo ago

Donald Trump vows to impose 25% tariff on all products from Canada and Mexico

www.usatoday.com

Summary

Donald Trump pledged to impose a 25% tariff on all products from Mexico and Canada on his first day in office, blaming them for failing to stop illegal drugs and immigration.

He also vowed to add a 10% tariff on Chinese goods until drug trafficking into the U.S. ceases.

Economists warn these tariffs could drive up consumer prices and inflation.

While violent crime has declined in recent years, Trump continues to link trade measures to border security and drug issues, echoing his first-term trade policies and immigration stance.

World News @lemmy.ml

☆ Yσɠƚԋσʂ ☆ @lemmy.ml

7mo ago

Donald Trump vows to impose 25% tariff on all products from Canada and Mexico

www.usatoday.com /story/news/politics/elections/2024/11/25/trump-tariff-canada-mexico/76576835007/

79 comments

USA uses Tariffs.
It hurt itself in its confusion!
- 100% tariffs on China!
  60% tarrifs on China!
  ....10% tarrifs on China?
  Wait a minute. You mean I ran on bad policy and now I'm learning it was all bad ideas and people voted for me?
  
  From the article
  levy an additional 10% tariff on top of existing tariffs on Chinese products coming into the United States.
  He's not setting the Chinese tariffs at 10%, he's adding an extra 10%.
  
  I mean he seemed shocked on election night.
  https://m.youtube.com/watch?v=CrnraEVaWTM
  All you have to do is watch 1:00 to 1:20. He literally says, "We overcame obstacles that nobody thought possible, and it is now clear that we've achieved the most incredible political thin--, Look what happened, is(n't?) this crazy?"
  
  Except For on all the stupid crap I endorse from there and personally profit off of. If democracy ever resurfaces somewhere there needs to be heavy regulation on using the office of the president as at platform for personal profit.
I can guarantee you my paycheck won't increase even a single percentage.
- Nor will it bring manufacturing jobs back
  
  It will destabilize the western markets / economic/ financial systems.
  Putin will be pleased.
- No, but we're all going to pay for this shit.
  I can't tell you how many fucking idiotic Trump supporters voted for him because they thought he'd make things cheaper and better for them...
  The hard times are about to really start for Americans. Just about every single reputable economist and specialist warned about this.
  Anything can happen, but the chances of anything good happening at this stage are very low. Prepare now for hard times.
This:
Has become
Republicans will spend the next two years blaming the previous Democrat government for the problems that will happen .... then spend the next two years telling everyone that if they vote for the democrats the problems will get worse.
- Every republican administration in my lifetime has left office in a recession.
  
  I would agree with this, going back to Reagan. I technically saw the last few months of the Carter administration when I was born. I'm just not totally sure if Reagan left Bush Sr. a crappy economy, or if Bush Sr. managed to completely torpedo the economy in 4 years, allowing Clinton to perform "an economic miracle."
- And the mainstream media will do nothing to contradict this misinformation.
- They're simple people, many will be easily convinced that the guy in charge during the shitty time is to blame. Yes, many others will be fooled by their TV's... But I think a good deal will take things at face value.
Yah, that’ll fix inflation, you fucking stable genius.
What a shithole country.
I'm pretty sure most of the drugs coming in from Canada are in the possession of seniors who can't afford American medical care.
- He doesn't give a fuck. He will avoid prison and that is all that matters to him.
  
  Oh I know. I was just pointing that out considering how many of them voted for him.
- (And most of the illegal immigrants are escaping USA)
Ah, yes. Canada, where all the people who have social services, healthcare, and general peace, without fear of daily shootings, try to escape from.
I wonder where all the drugs in Canada come from.(aside from weed. Everyone I know grows at home now)
Trump is not making America great. He's trying to destabilize the western economic system.
- Trump hates NATO, The UN, and NAFTA. They were created after his father was born, so they must be bad ideas. That's why he loves tariffs so much, because his daddy sang their praises, because the rich tanking the economy in the 1920s and 1930s allowed Trump's grandfather to solidify his fortune, and allowed Trump's daddy to make his fortune, both by buying up everything they could on the cheap.
  Depressions only inconvenience the rich, but allow them to get even more fabulously wealthy by buying up everything for pennies on the dollar. Depressions kill the poor, and harm what's left of the working middle class.
  As a leftist I normally wouldn't even acknowledge that the middle class, aka, the petit bourgeois even exists as the poor and the rest of the workers are all one class, but in this one case it is useful to differentiate between the intentional harm that the ruling class is causing.
- Well, it's because we already sent you all our worst. It took a stable genius to notice we did it. Everyone else just saw us as your nice friendly neighbours to the north, but remember how we behave in the wars? Where did all those people go?
  Actually, it's become a little bit true lately as some Canadians were accidentally the recipient of whatever the hell made people into "MAGA people", so some of them actually have gone down to be closer to the "fountain of TRUTH"... and so they would look less silly wearing MAGA hats... I mean, sure, Canada is also technically America, but... yeah, they wear those hats up here too, luckily not as many.
  
  yeah, they wear those hats up here too, l
  That is hilarious.
- And likely has an escape plan to Russia ready for when shit hits the fan.
He’s gonna get rid of the income tax too right? Right?
No? So everything costs more and farmers go out of business. Got it. But hey, you maga aholes got to own us libs. That sure was awesome! /s. Have fun being homeless you tools.
- As soon as things go south, they'll become the Biden tariffs that the damn, dirty liberals inflicted on America.
  We've always been at war with Eurasia, Eastasia is our ally.
- This is late stage capitalism. The oligarchs are now in charge and they are going to loot every last penny that they can then run away laughing.
  Musk announced that he was going to gut NASA which directly benefits SpaceX.
- Liberal tears are already known to be the most expensive commodity in the known universe, cf. Brexit.
Okay, but are you going to stimulate US manufacturers to fill in the vacuum you'll create? Unless manufacturers have somewhere else to get their materials from, this will just result in shortages of everything.
We're gonna be seeing empty shelves in stores again. But there'll be no new virus to explain it this time.
- Trump doesn’t understand this. Or if he does, he doesn’t care. He won’t starve. The poor will.
- Well with RFK Jr in charge, we probably will have a new virus (or an old one coming back) on top of it all.
- Not to mention US manufacturing is significantly more expensive because we mostly outlaw slave labor. Either way the poors get hurt and the trumpets get to lap up whatever runs down Dolan's leg as a consolation.
2016 Trump: We're gonna build the wall 10ft higher!
2024 Trump: We're gonna make the price of everything 10% higher!?
- 2024 voters: InFlAtIoN tOo HiGh! TrUmP bEtTeR fOr ThE eCoNoMy!!1
- 10%? It'll be a hell of a lot more than that if he does all he's threatening to do.
  
  Yeah. I'm just echoing the old refrain everytime a MAGA person was upset at something, the wall got 10ft higher. This time, it is every time they are triggered, prices are 10% higher.
It seems pretty obvious that the plan is to deliberately destroy the US economy.
- Makes one wonder who would benefit from that…
- And Canada's and Mexico's as well.
  The orange asshole just doesn't gaf about anyone but himself.
  He should be first on the BBQ menu.
- I think you misspelled “create buying opportunities for the oligarchs”
  /s
This will look just spectacular on my grocery bill. Prolly like 75% of my produce comes from Mexico right now.
- Not to worry. All the farms in the US will pick up the slack thanks to all that plentiful cheap migrant labor. Oh, wait…
Wow. It sure is a good thing we still have domestic products that can compete with all of the imported goods from these major trade partners ...right? Right?
- its a good thing the US isn't dependent on Canadian electricity or gas....
GM stocks are down 8% today.
Congratulations to all the auto workers union members who voted for Trump.
Fentanyl, FYI, is used in hospitals and imported legally. I don't know what percentage of illegal supply is pilferage/theft from hospitals, but if fentanyl is bad, then forbid legal imports. There are a lot of media stories about healthcare professionals being caught stealing opioids. in 2020, DEA investigated 3600 drug theft cases at healthcare facilities.
OTOH, the typical overdose danger of fentanyl is using it accidentally, or it contaminating other opioids. Taking more of a weaker opioid provides the same high, afaik.
- There are a lot of media stories about healthcare professionals being caught stealing opioids.
  Like the new VP's mom, for example.
I hope he does it. I really do. The quickest path to revolution is when people aren't just vibe struggling, it's when they're literally starving because nobody can pay for enough calories to sustain themselves. The faster we get to that point, the faster we can fix all of America's problems by deposing the oligarchs, rewriting the constitution to restore the guardrails of democracy and restructuring the government and the judiciary to serve the people and not corporations.
No balls, Trump, you fucking won't. You'll pussy out at the last minute or get bullied by another world leader with more gumption than you can muster.
The tariffs won't be effective on jan 20th. Certainly there will be specific ultimatums made to both countries, and it is irresponsible to set a tariff date, and then later "negotiate the specific threats/ultimatums" to reverse the tariffs. There are government agencies that need to prepare for policy.
Specific to Canada, there is a long history of free trade with comparable wages in auto sector, such that even some parts are shipped across the border for processing and shipped back. A conflict of interest with Musk, is that he doesn't mind destroying North American Auto sector, or big 3 anyway.
- Specific to Canada, there is a long history of free trade with comparable wages in auto sector, such that even some parts are shipped across the border for processing and shipped back.
  Trump himself signed the United States-Mexico-Canada Agreement (which replaced NAFTA) in his first term ensuring tariff free trade between the 3 nations. So Canada and Mexico are about to learn the lesson that trump's own signed legislation doesn't hold water.
  
  That ended up as pretty minimal changes to NAFTA after a giant fuss.
  
  Looks like Mexico and Canada will get to enjoy some free and prosperous trade between two abiding nations with a beligerant middle child crying about it.
Adieu US economy.
What does the price of imports have to do with illegal immigration? Do you think he even knows?
- I think his idea is that Mexico and Canada will, in response, do something about the illegal immigrants they're sending to the US.
  Yes, it's deranged, but it's also Trump, so what do we expect.
Who do you think he's going to pick to succeed to him when he will be tired, Don jr or Ivanka?
- Don Jr is a coked up veteran. Daddy doesn't respect that. Ivanka is has features Daddy does "respect" though, so she inherits the throne.
The whirlpool logo looks too much like a halo to be a coincidence...surprised the pic doesn't burst into flames
- That looks like a ludicrously bad shop job. Also, Whirlpool appliance boxes are not printed in color like that.
  And for anyone wondering, practically all of Whirlpool (and all the other "American" brands) refrigerators are made in Mexico. Just saying.
- Looks like a don’t-buy-me sign to me.
What are the benefits for him? All that he do is for his own good. At first I thought he was saying lies so that he can get elected. But now that he is elected, what will he gain from doing that? Won't American suffer so does his assets?
- My betting is he'll relax tariffs on companies if they pay him.
  
  Don likes to make "deals". I honestly think he'll walk back on this once it begins to piss everyone off.
- Recessions allow the wealthy to consolidate and expand their wealth.
  He’s going to force a huge recession so he, and all of his billionaire friends, can buy up failing companies, consolidate them, and make even more money when the economy gets recovered by someone who actually knows what they’re doing.
  Enjoy the last few months of being able to afford anything.
- If all assets are lower, the billionaires can buy everything cheap then get crazy wealthy whenever (if) things are ever fixed.

79 comments