Tariffs in the second Trump Administration [SPLIT]

[rareboy]

But his followers (and about another 50% of the US) don't read Forbes and likely won't challenge the BIG LIE.

Notice that Forbes points out that the flow of Fentanyl is a two way street.

Tariff On Canada Not Justified By U.S. Immigration And Drug Claims

Evidence suggests that the justification for a 25 percent import tariff on Canadian goods and services does not hold up to scrutiny. Here is why.

www.forbes.com

 

[rareboy]

I don't have an alternate source for this from FB, so am sharing it in its entirety for the message and the delicious writing.

One of the key points?

This isn't going to make multi-national corporations move all their manufacturing back to the US. To begin with it doesn't have the workforce to fill the jobs or compete with 2nd and 3rd world countries. We saw the big FOXCOM scam blow up in Trump's first term...no different this time. The corps can just flow their product through non-tariffed countries or shift production to one of their other plants in a non-tariffed country. They have even said this out loud.

Fear and Loathing: On the Campaign Trail 2024​

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·
The grocery store is a goddamn war zone. A dystopian hellscape where avocados sit behind glass like museum artifacts, tomatoes are sold on the black market like rare diamonds, and the price of a single steak could finance a hostile corporate takeover. Thanks to Donald J. Trump—America’s bloated casino gremlin—your local supermarket has officially entered the Mad Max era.
The old man has decided to kick off his second term with a full-blown trade war, slapping a 25% tariff on Canada and Mexico and a 10% tax on China, all under the pretense that this will somehow stop fentanyl, illegal immigration, and whatever else Fox News told him to be mad about last week. The logic, if you can call it that, is that tariffs will make it too expensive to import foreign goods, forcing American companies to "bring manufacturing back home"—a fantasy so delusional it makes QAnon look like an AP Econ class.

What Trump has conveniently forgotten (or never understood in the first place) is that tariffs are not paid by foreign governments—they’re paid by American companies. These businesses, much like Trump himself, have a strict “never pay for anything yourself” policy, which means you, the poor bastard just trying to afford groceries, are about to get fleeced. You will pay more for everything—milk, beer, fruit, bread, meat, clothes, electronics, cars, furniture, appliances, and possibly air, if Trump figures out how to tax that too.

The avocados are going first. Mexico is the sole reason millennials ever got to taste avocado toast in the first place, and now Trump has decided that guacamole is a threat to national security. Canada, meanwhile, supplies a massive chunk of America’s dairy, grains, and meat, which means every barbecue from here to Mississippi is about to get a whole lot sadder. Try throwing a Super Bowl party when cheese costs as much as an iPhone.

Meanwhile, up north, Justin Trudeau is sharpening his maple syrup-covered bayonets and preparing for war. The Canadians are pissed. Mexico’s newly elected president, Claudia Sheinbaum, a scientist—yes, an actual scientist—is also gearing up for battle. Both have promised retaliation, because when you slap your best customers in the face with a 25% tax, they tend to get a little testy. This means American exports—things like soybeans, pork, and whiskey—are about to get slaughtered in foreign markets. The same farmers Trump claims to love? They’re about to get steamrolled like a squirrel on an interstate. But don’t worry! The government will bail them out again, just like last time, because in Trump’s America, the free market only applies when it’s convenient.

And let’s not forget China, the planet’s largest sweatshop and America’s go-to supplier of everything under the sun. Trump’s 10% tariff might seem like a slap on the wrist, but China plays the long game. They will retaliate. Last time Trump pulled this stunt, China smacked the U.S. economy upside the head by slapping tariffs on American agriculture, forcing Trump to hand farmers a $10 billion bailout just to keep them from burning down his golf courses. But sure, let’s do it again! Because nothing says "economic genius" like waging a trade war you already lost once.
Trump, of course, sees this as a victory. He’s already bragging that “tariffs are the ultimate weapon” and that “America has the biggest piggy bank.” This is the same piggy bank, mind you, that he tried to crack open every time one of his businesses collapsed into financial ruin. The man couldn’t run a casino without going bankrupt, and now he’s convinced himself he can play 4D chess with the global economy? Good luck with that.

If you listen to his people, they’ll tell you this is all part of the plan—a brilliant strategy to force American companies to bring manufacturing home. What they won’t tell you is that this would take YEARS. Factories don’t just appear overnight, unless you’re using child labor and some serious bribes. Setting up supply chains, hiring workers, building infrastructure—these things take time and money, two things Trump has never been patient with or good at managing. By the time a single factory breaks ground in Ohio, Trump will either be out of office or selling steaks out of a food truck on the Las Vegas Strip.

So who wins in all this? Corporations, as always. The moment these tariffs hit, they’ll jack up prices, blame it on “supply chain issues,” and watch as the money rolls in. Farmers, workers, and middle-class Americans? They’re screwed. The same Trump voters who screamed about inflation under Biden are about to get blindsided by price hikes so aggressive they’ll start reminiscing about the good old days when eggs only cost $6 a dozen.

And yet, when the dust settles, when a trip to the supermarket requires a line of credit and a prayer, there will still be some sad, broke fool sitting in a Denny’s somewhere, gnawing on a $15 pancake, muttering, “At least he kept the Mexicans out.”

Congratulations, America. Hope you like beans, because that’s dinner now.

 

[TX-Beau]

I don't have an alternate source for this from FB, so am sharing it in its entirety for the message and the delicious writing.

One of the key points?

This isn't going to make multi-national corporations move all their manufacturing back to the US. To begin with it doesn't have the workforce to fill the jobs or compete with 2nd and 3rd world countries. We saw the big FOXCOM scam blow up in Trump's first term...no different this time. The corps can just flow their product through non-tariffed countries or shift production to one of their other plants in a non-tariffed country. They have even said this out loud.

(emphasis mine)

But they'll still take the price hikes. Last time around, avocados got up to $3.00 each and that is in Texas.

 

[rareboy]

From Robert Reich today:

"Research shows that when Trump imposed tariffs during his first term, companies who contributed to Republicans were more likely to be granted tariff exemptions. Trump's corporate donors won't shoulder the cost of his trade wars. It's crony capitalism at its worst."

 

[TX-Beau]

Once again, those companies still took the price hikes. Everything got more expensive, people lost their farms because their markets (which never came back) disappeared.

 

[MARMITE]

(emphasis mine)

But they'll still take the price hikes. Last time around, avocados got up to $3.00 each and that is in Texas.

Keep in mind that just lowering inflation does not magically bring prices back down. It merely slows the pace of the INCREASE in prices. We need deflation to accomplish that. Biden got prices sky high and they probably won't come down at that much at any time in the near future.

 

[TX-Beau]

Keep in mind that just lowering inflation does not magically bring prices back down. It merely slows the pace of the INCREASE in prices. We need deflation to accomplish that. Biden got prices sky high and they probably won't come down at that much at any time in the near future.

Bullshit.

 

[rareboy]

Ontario has joined a number of other provinces in emptying the shelves of all American made spirits, wine and beer.

The LCBO sells a billion dollars a year of product from the US.

Hopefully this means we now will get more products from South America and Europe in the line-up.

https://www.cbc.ca/news/canada/toronto/ford-lcbo-tariffs-trump-1.7448423

 

[rareboy]

Meanwhile...the cost of propane has automatically increased the amount of heating bills by the amount of the tariff.

 

[rareboy]

 

[bendted]

I need to order heating oil this week, there is no choice, so this ingenious tariff plan (not) immediately and directly affects me. I know, small potatoes but eventually these "potatoes" will add up.

 

[KaraBulut]

It's going to be a rough day in the markets...

https://www.cnbc.com/2025/02/02/stock-market-today-live-updates.html

Stock futures dropped to kick off a new trading month after President Donald Trump hit several key U.S. trading partners with tariffs, raising fears that a full-blown trade war would disrupt global supply chains, reignite inflation and slow the economy.

Futures tied to the Dow Jones Industrial Average fell 616 points, or 1.4%. S&P 500 futures dropped 1.6%, while Nasdaq-100 futures lost 1.8%. Futures on the Russell 2000, the small-cap benchmark, lost 2.2%. The Cboe Volatility Index, Wall Street’s fear gauge, spiked above 20.

 

[rareboy]

Well, hopefully Americans will be taking up the slack as they watch their country being taken over by Elon Musk and a half dozen teenagers.

 

[rareboy]

Probably chump change to Musk.

But the idea of MuskCo. also gaining control of our communications systems is horrifying.

 

[TX-Beau]

...President Donald Trump is pausing plans for 25% tariffs on Mexico, he said Monday morning, following talks with Mexican President Claudia Sheinbaum Pardo. Tariffs on Canada and China are still going ahead for now...

MSN

President of Mexico my ass. My guess is Trogs from Texas and Florida flew to Washington and bitch slapped someone. I would not be surprised if Canada was next, but Canada, look to yourselves, it can't be trusted.

 

[rareboy]

Well the tariffs on Canada are already crumbling.

TrumpCo. can't afford a repeat of the first term disaster when they had to bail out the farmers in the mid-west.

 

[rareboy]

MSN

President of Mexico my ass. My guess is Trogs from Texas and Florida flew to Washington and bitch slapped someone. I would not be surprised if Canada was next, but Canada, look to yourselves, it can't be trusted.

So let's get this straight.

It is all about Fentanyl and illegal immigrants. That is all we've been hearing as one TrumpCo. bobblehead after another spouts the party Lie everywhere.

Less than 1% of either came through Canada.

But our tariffs are still on?

What the fucking fuck.

 

[TX-Beau]

So let's get this straight.

It is all about Fentanyl and illegal immigrants. That is all we've been hearing as one TrumpCo. bobblehead after another spouts the party Lie everywhere.

Less than 1% of either came through Canada.

But our tariffs are still on?

What the fucking fuck.

Yeah, I believe this was about drugs about as much as I believe Toad had a reasonable conversation with the President of Mexico.

Someone in Florida and Abbot were no doubt screaming bloody murder at someone who got to Toad. That or he panicked when the market tanked.

What started it was arrogance and Toad masturbating his tiny appendage while issuing royal proclamations.

 

[KaraBulut]

MSN

President of Mexico my ass. My guess is Trogs from Texas and Florida flew to Washington and bitch slapped someone. I would not be surprised if Canada was next, but Canada, look to yourselves, it can't be trusted.

My vote is on the stock market drop on Friday and this morning.

Look at what happened after Trump backed off on Mexico:

When the market opened this morning:

After the Mexico tariffs were delayed:

 

[rareboy]

I imagine the phones have been screaming today as all the huge corporations starting shedding hundreds of billions of dollars.

On the other hand, all the insiders who knew that Trump would pause tariffs for Mexico likely literally made out like bandits, including the Trump Klan.

Great way to manipulate markets.

Meanwhile though....the Tesla market in Europe is likely dead after the last few months.

I suspect that only the AFD is buying them now.

A 63% drop in sales is likely to be reflected in all markets over the next quarter.

Tesla Sales Plunge 63% in EU’s Second-Biggest EV Market

Tesla Inc. registrations plummeted 63% last month in France, the European Union’s second-biggest market for battery-electric vehicles.

www.bloomberg.com