Canada, Mexico and the EU are set to miss out on America’s red-hot economy
S E E D E D C O N T E N T
America’s closest trading partners are in danger of becoming former close trading partners at a time when the American economy is booming and trade revenues are set to skyrocket.
Mexico threatened to punish U.S. hog farmers this week with a punitive tariff on some of their products. In reality, the measure will just make pork legs more expensive for the Mexican people while China and Southeast Asia pick up the slack.
The European Union threatened to put a 25% tariff on 200 American products like whiskey, motorcycles and peanut butter. This will make American products more expensive in the EU, and will likely push demand to Japan, Australia, Latvia and Singapore or open new markets for Tennessee Whiskey, Harleys and Skippy.
Canada is threatening to hit 128 American products with steep tariffs on $12.8 billion worth of U.S. goods. The complete list of proposed tariffs includes Iron and steel products, yogurt, coffee, whiskey and more.
The tariffs come in response to the Trump administration’s imposition of tariffs on steel and aluminum imported from the EU, Canada, and Mexico. The president asserts that having domestic steel and aluminum production capabilities is vital to America’s ability to defend itself. In today’s reactionary social-justice culture, he’s correct. At any moment, a provider of those commodities could take offense to a U.S. action and stop sending America the raw materials needed for infrastructure and defense. That cannot be allowed to impede America’s economy or her ability to defend herself.
The childish response from the EU, Canada and Mexico will likely destroy some of their domestic industries as they increasingly lose access to the U.S. marketplace. Manufacturers, suppliers and retailers will find new sources for their goods as the federal government is forced to increase tariffs on those countries in hopes of forcing good-faith trade negotiations. This is exactly the wrong time for those countries to lose opportunities to increase their market share in the American economy – it is red hot and getting hotter.
The steel and aluminum tariffs aren’t going away any time soon. They weren’t placed as a negotiating strategy, as some talking heads presume. They were put in place to make sure that the U.S. had a functioning steel and aluminum industry in-country as a matter of national security. There is no “deal” that is going to get rid of those tariffs.
What the EU, Canada and Mexico must realize is that the new America is protecting herself and her citizens. The government has an “America First” attitude and will not endanger itself to appear friendly, multi-cultural, global-minded or whatever other crap has been happening during past administrations. They must also realize that threatening to put taxes on our products entering their country will hurt their exporters more than those of the United States. The EU is struggling to grow as are Canada and Mexico – what are U.S. exporters really missing out on when compared to the best U.S. economy in generations? Internal consumption might make up for losses if the economy continues on its current trend.
While the U.S. is awash in stellar economic news, the best Canada can do is beat its own analyst’s terrible forecasts.
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Conservative Daily News
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What a load of crap.
Even the chamber of commerce says that 2.6 million jobs here in the US are threatened by this.
This article is the cheering crowd watching the 6th grade bully beat a third grader out of his milk money.
I think that this article is much like the mythical kingdom of Jeffersonia...It exists only in the minds of blind believers.
You honestly believe Canada would do that to the USA? Is there a pill for unwarranted super-paranoia? If Canada were to do that it could expect an invasion from the USA - and don't try to tell me Trump wouldn't do it.
The things Trump is doing to Canada is causing its dollar value to drop, and that hurts me personally when I convert my pension dollars to yuan in order to survive. I may have appreciated what Trump has done for Israel, but he's sure as hell making me an enemy.
You Canucks better just hand over your lunch money, Buzz, or else!
Come and get me!!!
The first thing we'll do is secure all the Tim Hortons!!
The last time we invaded Canada didn't go so well for the US.
That won't do you any good - and you can't garnishee my Canada pension payments, so how are you going to confiscate my lunch money? If you come after me here, this friend of mine will protect me.
Seems to me The last time we invaded anywhere it didn't go so well for the US. Perhaps we should stop doing that.
We'll ban Canadians from their own donut shops; you'll never eat a Tim Hortons donut again!!
All hockey pucks will be confiscated on sight.
Uh-Ohh, we need to discuss asap
I assume that you are the guy in the dark blue uniform on the right.
But who is that distinguished-looking gentlemen in the dark-red coloured jacket on the left in that photo?
LOL
Ha ha! Good luck with that. I don't know what success you'll have with the American stores, but I doubt that you'll have any effect on the thousands of them located across Canada. Tim Horton's very first store was in the City where I was born and grew up, and I was a Tim Horton's donut eater from WAY back.
Well puck you too....LOL
Aha, so Timmys really IS the key to control of the country, I KNEW it! Better get used to an American flag in front of them! Tim was a crappy hockey player anyway, wasn't he?
Actually, I think the whole corporation is owned by a Brazilian corporation now, so I guess only the American franchises will fly the Stars and Stripes.
Tim was at least on the Leafs team when they used to win the Stanley Cup. I THINK I can remember back that far. I had, and gave my son, a hockey stick that was signed by all the greats from back then, including Tim.
Sadly most Americans also will be missing out on this fiction.
Did Trump really expect the rest of the world to just take his bullshit without retaliating?
There has never been a unilateral trade war. Tariffs are always met with counter tariffs...
King Donald of Vulgaria would like to bully our friends and our foes the same. Go figure.
Here's what Trump said about trade wars:
Trade wars are good, and easy to win
(But I wonder-- does he still really believe the Canadians burned down the White House?)
Hey, if you allegedly burn down a building two hundred years ago, then shame on you!!!!!!!!!!!!!!!!!!
We will trade war the shit out of you....and ourselves.
All this "Doom and Gloom" coming from the "Left" about what Trump is saying , yet what has actually been accomplished, has us at a point where there are more jobs available in this country, than there are people looking for jobs.
Ain't it great when Job availability surpass the masses looking/needing one for a "Change" !
Seems Trumps " Talking Threats" are a good thing for this country, as I've been watching and Reading. He's got EVERYONE coming to the table.
And that is a key point, dumb ass hasn't actually done much of anything. Hence why we are doing as well as we are, fat ass has been almost 100% ineffective as POTUS, policy-wise at least.
How Trump's Steel & Aluminum tariffs will affect American jobs:
In March, my firm examined the potential impacts of steel and aluminum tariffs, finding that while ove r 26,000 steel and aluminum jobs would be created, higher costs from tariffs and retaliation from America’s trading partners would also mean over 495,000 jobs lost elsewhere.
Best estimate: 26,000 American jobs created...but almost 500,000 American jobs lost.
Shhhhh......... Trump would not like that information to gt out to his base, especially, those who ill be affected by the loss. Why let them know in advance that they have the potential of losing their own jobs while cheering for Trump's brilliant thinking.
Wow a net loss of 469,000 jobs....Now that's winning bigley....
A double covfefe....
Heyyyyy....now you know very well that is peanuts to the right. But, of course, that loss will be Obama's fault ya know, or even one of the Clinton's.
...which heavily relies upon international trade...