Tariffs in the second Trump Administration [SPLIT]

[rareboy]

 

[johaninsc]

 

[Kulindahr]

So this list is circulating in Canada, similar to the last time the US abrogated the Trade pact with us.
Some stores are already beginning to post it as well.
We already switched many of our grocery choices by 2018 to Canadian made or European (EU) and Asian products produced by countries we have Trade Agreements with.

I am not sure whether most of the big brands care about a consumer base of only some 40,126,723 people. I guess we'll see, won't we?

I've never heard of most of these, but I think I'll start looking!

Truck Fump. I know as a Christian I'm supposed to pray for him -- can I pray he'll fall into a coma with pleasant dreams?

 

[rareboy]

BREAKING: White House Press Secretary Karoline Leavitt says that tomorrow, Donald Trump will impose a 25% tariff on Mexico, a 25% tariff on Canada, and a 10% tariff on China.

We've been waiting for the shoe to drop.

There is already a huge movement in Canada to exclude American products from foods, construction etc.

This will be the thing that gets Mark Carney in as Prime Minister.

We are waiting for the official announcement and then will notify all the US groups we support and the places we have booked trips that they are cancelled.

And of course I have have noted that in my own professional pervue, we have already written in anti-US made provisions worth some millions, potentially. If this is replicated across Canada, it will definitely hurt our US trading partners.

 

[rareboy]

White House says Trump tariffs on Canada, Mexico and China will come Saturday. No word on exemptions

Canada and Mexico say they’ve prepared the option of retaliatory tariffs to be used if necessary now that the White House says the U.S. will put in place 25% tariffs on imports from them this weekend.

apnews.com

Of course, we're all pushing for a 200% tariff on Wankpanzers, American booze, cheese and dairy, all food and grocery items not produced in Canadian plants with Canadian products, refined petroleum products produced in the US, and the list goes on.

 

[johaninsc]

 

[johaninsc]

 

[johaninsc]

 

[Norri]

Are there provisions in the USMCA that allow the parties to it to impose tariffs or is Trump just violating an agreement his administration negotiated? He usually is quite fond of things he has done did he make some mistake when negotiating this one? But more to the point I haven’t seen the USMCA mentioned in the reporting of the tariffs. Poor reporting strikes again.

 

[rareboy]

Trump is once again violating the trade agreements.

NAFTA 2.0 was just a joke in the end.

Canada will never again believe a word of what the US 'promises' to abide by.

 

[rareboy]

Gee. Even Susan Collins is 'concerned'.

Well Susan, you own all the pain of the people in Maine.

 

[rareboy]

So. If you want to understand the tariffs, look at Mike Johnson's Trump Tax Cuts plan. They have factored in the revenue from the tariffs in order to pay for the tax cuts for the wealthy.

But keep on thinking that this is about security 'Murica.

 

[rareboy]

So Fuck anyone who somehow thinks everyone isn't going to feel the pain.

 

[rareboy]

https://www.theguardian.com/business/2025/jan/31/trump-tariffs-us-economy

---

"... economists have repeatedly warned that higher tariffs, a key pillar of Trump’s economic strategy, risk raising prices for millions of Americans, challenging the president’s pledge to bring down prices “rapidly” amid a wave of frustration over the cost of living."

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Trump to impose tariffs on imports from Canada, Mexico and China

US neighbors hit with 25% tariff and China with 10% as Trudeau pledges ‘forceful but reasonable’ response

www.theguardian.com

I actually favour the 100% tariffs on everything Musk has a stake in, all US beer, wine and spirits, all American vegetables and citrus, grains, manufactured grocery products and dairy...and for real impact, countervailing duties on vehicles and equipment manufactured in Red States as well as all manufactured paper products, plastics and metal products that are also produced in Canada. The good part about paper and plastics is that it could help reduce the staggeringly wasteful use packaging products. The rest of the products listed are also widely imported into Canada from Europe, Africa, Asia, Mexico Great Britain and India so we wouldn't be hit that badly with the loss of American products.

I see that TrumpCo. have realized that 25% on Canadian oil would be more than the US consumer would stand for so apparently will only be 10%. Since petroleum products account for about $130 billion dollars, the impact will be significant.

One baffling thing...the trade in vehicles between countries is at par at around 58 billion in either direction while Canada imports significantly more machinery, electronics and a host of other things from the US than we export. So not seeing why the US wants to jeopardize its market share. Likewise, pharmaceutical trade is more or less equal with advantage to the US so can't figure out why Trump is looking to target this sector, particularly given the high cost of prescriptions in the US already.

But buckle up. It is going to be a bumpy ride.

 

[TX-Beau]

...So not seeing why the US wants to jeopardize its market share...

The United States doesn't want to do this.

 

[rareboy]

^ I really would like to agree, but when you find out that the tariffs are a central part of the Republican Congress tax cut budget strategy, it goes way, way beyond Trump.

Again, the general silence of Americans is deafening. Where are all the leaders? Like the Dems in Congress or the Governors of the states or the major media outlets.

All we see is indifference or capitulation. Or a large swath of Americans buying into the Big Lie that it is the other countries paying the tariffs and not the importers...and ultimately the consumers.

I get that some are staying on the sidelines to keep their powder dry, thinking that TrumpCo. will severely overstep and set the stage for a rout in 2026.

But it seems that generally it is the same as the last time he did this. Americans just sucked it up and believed TrumpCo. that it was good for business and the economy. And those were extremely limited commodities affected.

The rest of the world sees these tariffs for what they really are. A cash grab from American consumers to fund tax cuts for the wealthy and a symbol of Trump's brute political power.

When I see the Democrats, major dailies and the legacy media all loudly challenging the wisdom of this action, maybe I (we'll) believe that Americans don't support this.

Until then, rather as I found last time in 2017, most will use Trump as a convenient scapegoat.

In the meantime...shades of Smoot-Hawley.

How Trump's threatened tariffs echo a failed American trade policy of the 1930s

Smoot-Hawley tariffs led to greatly diminished global trade — and, some experts argue, exacerbated the Great Depression.

financialpost.com

 

[TX-Beau]

Not even my family think this is a good idea. I dont know anyone who thinks this is a good idea, and it is on the news. The horde has stopped paying attention and are certainly not a huge portion of the population.

The experts have also been condemining thi on the T.V. But that's not the point. nothing can be done until he actually tries it.

Anyway, people everywhere else should be applauding the swiftness with which Toad is going to implode. At this rate, t2wo years from now Congress will be once again in the hands of Democrats. Just like last time.

 

[rareboy]

We can only hope. And just like last time when he lost Congress, maybe this will be a contributing factor.

However, in fairness, after me complaining that I see nothing from Americans, an FB friend in Wisconsin did share this from Reddit.

https : // www. reddit.com/r/Iowa/comments/1ieekn8/25_trump_tariffs

"Trump just announced from the Oval Office that the 25% across the board tariffs will start being levied on all imported goods coming from Canada and Mexico on Saturday. Not sure what that will mean for Mezcal and Tequila in the short-term but the implications are fairly obvious.

Our hillbilly Iowa farmers sure got what they wished for when their fertilizer costs will skyrocket and we will have to bail them out again"

And in fact a lot of subsidies the last time went to help out the agricultural industry in the mid-west US...however it was shown that the only real benefit was to the agri-corporations with almost no trickle down to the family farmers.

 

[purina]

So Fuck anyone who somehow thinks everyone isn't going to feel the pain.

Now's a good time for some ones with a lots of money to stock up on stocks, isn't it?

 

[TX-Beau]

Now's a good time for some ones with a lots of money to stock up on stocks, isn't it?

As always that depends entirely on what you're buying.