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Tariffs in the second Trump Administration [SPLIT]

Well it was always apparent that there was never a deal to be made. Get ready to see the markets crumble and to pay 25% tax on all imports from Canada and Mexico.

A number of red states can expect to permanently lose the biggest export market.

And get ready for the non-tariff measures as well.


All in order to shift the tax burden onto US consumers and fund the billionaires' tax cut.
 
cityboy-stl said:
Hey Rareboy - PM candidate Chrystia Freeland was interviewed tonight by Jen Psaki on MSNBC about the tariffs. She was saying all the right things. Saying she would hit back and hit back hard, targeting the red states to feel the pain. Even though I live in a red state, I'll take the pain if it ultimately hurts Trump. She was even calling the tariffs self-mutilation and encouraging Americans to write the White House and Congress. It was a good interview, I thought.

U.S. politics have taken up all my oxygen, so I admit I'm not too aware of Canadian politics. I was wondering what is your view of Chrystia Freeland, and whether she would make a good a PM? Or do you think other candidates would be better?
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She'd make a very good PM.

But is likely unelectable.

She is a strong, smart woman so Trump naturally hates her.
 
In the meantime, China is about to impose countervailing tariffs of 15% on American agricultural products from the US in addition to the likely boycott of US agricultural products into Canada and Mexico.

Agricultural imports were worth about 180 billion dollars to the US last year.

And how does TrumpCo. see this?

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So two things here. With the expulsion of cheap farm labour, production costs will mean a huge increase in agricultural products and the collapse of many family farms.

But don't worry.

JD Vance is a partner in a cabal that is looking to buy up farmland for pennies on the dollar
 
Norri said:
I disagree I think Trump cares about the stock market very much, in fact I believe it is the economy to him. If unemployment was high and consumers spending was down as long as the market goes up Trump (and many of his wealthy bros) would think the economy was doing just fine. That’s the world they live in.

Also given the level of institutional investment it’s unlikely the market would drop so low as to be a fire sale for the super rich. A couple years ago I thought inflation would weigh on the market…….I was wrong.
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The stock market is just a barometer.

And the richest people in the world know how to play it. They are making fortunes whether it is moving up or down.

Main Street also doesn't really care about the market except for their 401K investments.

What will have to happen is that consumers stop buying or using the products and services of the companies on the exchange because that is cash flow and liquidity for the listed companies and is the real indicator of an actual recession or depression.

It has to be something like the sub-prime disaster that reached into the lives of millions of people to actually bring the house down.

At the moment, Tesla was back trading at normal levels prior to the meteoric rise after November 6th. Again, the share price means nothing. But if the whole Tesla market stalls, that will close factories.

I suspect we will see that this time around it may be the auto industry that triggers an actual collapse of value that will have Trump and the investment community spooked.

Unemployment already climbed in January and the spin off effect of tens of thousands of workers being fired is starting to be felt in many communities.

If TrumpCo. wasn't already playing the markets (which is why they delayed the tariffs in order to better position themselves) we wouldn't have seen the tarriffs imposed.
 
rareboy said:
...If TrumpCo. wasn't already playing the markets (which is why they delayed the tariffs in order to better position themselves) we wouldn't have seen the tarriffs imposed.
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The market went up quite a bit after the Trump's election as part of another period of irrational exuberance. Since Trump took office, he's wiped out a significant part of those gains.

The top 1% of rich Americans own 50% of the stocks. They made a lot of money after the election. They've lost that money now.

Why are they staying silent? They want those tax cuts.

They also know that Trump is a terrible negotiator. He thinks he has their undying support because he exchanged avoiding prison for giving them tax cuts, deregulation and power in his Administration. Of course, once they get the tax cuts, it will be only fear of Trump's supporters that is the obstacle for getting rid of him. We'll see how that works out if the market continues to tank.
 
Ontario is terminating its $100-million deal with Starlink, and US companies will be barred from future contracts.

NY, Michigan, and Minnesota have been warned that if the tariffs persist, Ontario will impose a 25% surcharge on electricity.... and may cut off the supply entirely.
 
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Please explain to the little man in the oval office that the retaliatory tariffs he imposes will just push more Americans out of work faster.

At the moment, China, Europe and Mexico like Canada and will engage in expanded trade after an adjustment period.

But Americans are just going to be shut out.
 
Just a reminder that the LCBO is the world's largest buyer of wines and spirits in the world.

We're not even just slapping on countervailing tariffs.

Products from the US are just gone today. Lots of new ones from Europe and South America to take their place.



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cityboy-stl said:
Too bad Florida and Texas couldn't be included.
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They are.

Canada has already moved totally away from Florida oranges and citrus.

And there is nothing we need from Texas.
 
cityboy-stl said:
Too bad Florida and Texas couldn't be included.
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Thanks to Mary Landrieu, a Democratic Senator from Louisiana, the Texas Gulf Coast is partially dependent upon Canadian oil for low-skill refinery jobs. Those workers used to be union workers and they used to be Democrats. They're now Trump voters.

It might be a hit on the Alberta's workers (unless they can find Canadian refineries to take the oil or they export to Asia) but that would be the way to hit Trump's base in the deep south.

rareboy said:
They are.

Canada has already moved totally away from Florida oranges and citrus.

And there is nothing we need from Texas.
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Probably most of your oranges and orange juice is coming from Mexico and Brazil. There's still some orchards in south Texas and south Florida but the hurricanes and unpredictable winter freezes knocked out most of the orange crops in Texas and Florida in the past couple of years.
 
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rareboy said:
They are.

Canada has already moved totally away from Florida oranges and citrus.

And there is nothing we need from Texas.
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I was responding to the post about the power grid. But yeah....good. Hit Texas and Florida where you can. We're in this together.
 
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Actually, the reference to "nothing we need from Texas" isn't exactly true. Since better than 90% of the Worlds supply of helium comes from the Panhandle region of Texas; I'd say that it's probably something y'all need from Texas, unfortunately.
 
So some mumbling about a compromise by TrumpCo on tariffs.

At some point, this just becomes naked manipulation of the stock markets to benefit the zillionaires.
 
Meanwhile the ripple effect already in the US farm industry. Farmers survive from year to year on operating loans.

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rareboy said:
Canada has already moved totally away from Florida oranges and citrus.
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KaraBulut said:
Probably most of your oranges and orange juice is coming from Mexico and Brazil. There's still some orchards in south Texas and south Florida but the hurricanes and unpredictable winter freezes knocked out most of the orange crops in Texas and Florida in the past couple of years.
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If you want to hurt the Florida economy, the thing that will have the most impact is to do what people have already begun to do-- Don't come down here, don't vacation here, and don't become seasonal residents. The state is very dependent on tourist, snowbird, and retiree dollars. It will also hit the Florida State Government hard, because they depend on sales taxes and property taxes, since Florida doesn't have a state income tax.

Florida can probably hardly be considered a major orange producer anymore because of citrus greening disease, which has wiped out over 90% of the groves. There was a series of hard freezes in the 1980s, but probably largely due to climate change, there hasn't been a major freeze threat since 1989. And yes, hurricanes will wipe out a large portion of next year's crop, but the industry always seems to rebound in a couple of years.
 
Well, the number of Canadians going down to Florida has been dropping since 2016. Partly because of demographics as old people just died off, partly because of the exchange, partly because of the costs of insurance for out of country coverage and of course a lot stopped going because of how awful the politics in that state have become and the toxicity of Trumpism.

But I doubt that we're missed...I am sure there are still more than enough Republicans fleeing the northern states to take up the space.
 
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