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Tariffs in the second Trump Administration [SPLIT]

We need the automakers to be LOUDER!

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A lot of the electorate have no interest in politics. It will only be after the local car factory closes down and their children die of easily preventable diseases that they might stop and think.
 
Mark Carney finally has said the quiet part out loud.

80% of Canada's NATO spending directly benefits the United States.

Mark J Carney says he will not promise to continue sending taxpayers dollars to the country that is currently threatening us!

"We need to spend more of that money here in 🇨🇦 Canada."

I am still pissed about the AVRO Arrow (look it up).

But all the NATO spending can just as easily shift to our European partners if Trump persists in imposing tariffs at the end of this month.
 
A fairly simple backgrounder on the nature of trade surpluses and deficits between the US and Canada.

As noted, exclude energy and it is Canada that runs a deficit against the US.

Once again, this has nothing to do with cars or other equipment, or food goods etc.

This has to do with fluctuating world market prices for commodities.

 
West Jet and Air Canada are cutting back on the number of flights to the US as a result of a 25% drop in bookings over the last month for people travelling down from Canada.

I am actually surprised that it has happened this quickly.
 
So. This is still in place. Our own procurement proposals specifically exclude American products, goods or services wherever tariffs are in place. Just finalized the language this week.

Come April 2nd when TrumpCo. promises the imposition of 25% tariffs on 'foreign' automobiles, we are going to scorch the fucking earth.


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As I suspected a few weeks ago, the reality of the auto industry grinding to a halt upon the imposition of tariffs
was what really led to delays. But in the background TrumpCo. is likely trying to figure out how to make a completely
continental and internationally integrated industry now work like it is the 1950's again.


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Hey MAGAts with wet dreams about tariffs on Canada...one really great thing has come from this for Canada.

A lot of trade barriers that were left in place over the years between provinces that helped prop up the US/Canada trade systems are being demolished this week by Ottawa.

This will hopefully get the provinces on board to demolish some of their legacy trade barriers that often have favoured trade with the US instead of between provinces.

Many of us have been wanting to demolish these for years but different sectors have sought regional protections.

 
The WSJ board has published an editorial about the danger to the auto industry and sales in America as Trump reinforced on Monday again that he plans on imposing tariffs.

He at least is being more out front with the reason for the tariffs, that they are to make up for trillions in deficit spending caused by tax cuts for the rich...but still spouting the lie that the tariffs are paid by the country of product origin and not directly by American consumers.

The addition of another $8-12 K on a vehicle in the US is about to, as Ford noted, 'blow a hole' through the industry, already facing a big slowdown in sales because of price increases vastly oiutpacing consumers' ability to pay.

 
One good thing about the tariffs is that it should be possible for Americans to pick up a cheaper house in Arizona and Florida as the Canadian sun-birds pick up and leave.

Between our neighbours, my sister and us, we know of 11 people who have put their winter places up for sale in the US since January in several states

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And with the guns aimed at the EU, the EU is pointing the guns right back. Again, targeting the red states relying on exports. Between Canada and Europe, Kentucky will lose a lot of Bourbon drinkers since Canada is just planning to drop American wines and spirits in most provinces and Europe will slap countervailing duties.

The one that fascinates me though is where companies like BMW and Volkswagen land...both with production plants in the US.

www.rawstory.com

Europe readies 'trade bazooka' aimed at Trump voters: report

The European Union is not taking President Donald Trump's trade war threats lying down.Politico is reporting that the EU has been crafting a "trade bazooka" aimed at the United States should Trump follow through with his threatened tariffs against the major American trading partner.Politico...
www.rawstory.com www.rawstory.com
 
In a way, it has turned out better that Canada had an extra month before tariffs are imposed. There has already been a huge shift in sourcing produce and products from countries other than the US.

It has changed the culture in a lot of the very large food store chains as they get stuck with tossing out food that Canadians will not buy...and are trying to dump as much of it as possible with 'specials' before the tariffs hit and consumers really push back against US brands, particularly if they don't manufacture in Canada.


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So it looks like Trump will just arbitrarily makes decisions about tariffs to be imposed on Tuesday.

I suspect that since our Prime Minister joined the European leaders in London to discuss a go forward strategy to support Ukraine when the US bows out, Canada will get hit pretty hard out of spite, except where TrumpCo. have determined that they have to be careful not to extort too much from red state voters or hurt the mid-west farmers.

And by waiting a month, more and more people in the US have had the opportunity to learn that the consumer will be footing the bill...not the country of origin. And more people are seeing that the revenue from tariffs is being factored into the budget shortfall to provide tax cuts for the very wealthy at their expense.

So it likely will be a grab-bag of 10% to 25% premiums.
 
Tariffs...

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And he doesn't care. Neither do the richest people in the US. They are looking forward to buying in at recession prices eventually...pennies on the dollar...and the middle class isn't tied to the DOW or S&P and the lower classes likely find the markets a complete abstraction.

Besides trying to shift taxation onto the consumer, TrumpCo. is manufacturing a recession that will ruin many people and businesses.

Vance is in the wings with his group to buy up failed farms and of course, the billionaires are looking to make renters of everyone.

As I have said before, with Trudeau making a very public show of working with European countries, we are expecting punitive tariffs designed to break our economy with carve outs for all Trump donors and politically important commodities that would hit the red states.
 
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.
 
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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