Trudeau: Canada will bring ‘forceful but reasonable’ retaliation to Trump tariffs
Leyland Cecco 6-7 minutes 1/31/2025
Justin Trudeau says Canada will bring a “forceful but reasonable” retaliation to any tariffs imposed by the US as his country braces for the economic fallout of a trade war.
“I won’t sugarcoat it – our nation could be facing difficult times in the coming days and weeks,” Trudeau said on Friday while speaking to an advisory council on Canada-US relations. “I know Canadians might be anxious and worried, but I want them to know the federal government – and indeed, all orders of government – have their backs.”
On Thursday, Donald Trump said: “We’ll be announcing the tariffs on Canada and Mexico for a number of reasons. Number one is the people that have poured into our country so horribly and so much.
“Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to Canada and to Mexico in the form of deficits.”
Officials in Ottawa and Mexico City have drawn up plans to retaliate against Washington with tariffs of their own, raising the prospect of a damaging trade war. Businesses inside the US and across the world have warned of widespread disruption if the Trump administration pushes ahead.
After his election victory last November, Trump announced on his social network that upon his return to office he would “sign all necessary documents” to impose a 25% tariff on Mexico and Canada. Mexico must stop “illegal aliens” from crossing its border with the US, he said, and Canada must halt the flow of drugs like fentanyl. “Until such time that they do, it is time for them to pay a very big price!”
Trump did not, in fact, sign these documents following his inauguration. Instead, he introduced a deadline – 1 February – by which both countries are supposed to resolve his concerns.
Claudia Sheinbaum, the Mexican president, has already taken Trump through the various migration initiatives her government has undertaken. Experts have raised questions over Trump’s demand from Canada, with so little fentanyl entering the US through its northern border that the US Drug Enforcement Administration (DEA) omitted to even mention Canada in a 2020 report . The Mexican government has sent signals it is prepared to do more on migration and fentanyl trafficking – even notching up a record seizure soon after Trump’s threats began – but it has also sought to play down the prospects of a trade war.
Canada sends 75% of all its goods and services exports to the United States, its largest trading partner and closest ally. Trudeau said the trade spat and diplomatic tangle “is not what we want”, but that if Trump followed through on his threats, “we will also act”.
A first round of retaliatory tariffs would cause minimal damage to the US, covering C$37bn of its exports to Canada, but if needed, Canada’s federal government plans to escalate by imposing tariffs on C$110bn worth of goods.
Canada’s dollar has plunged against its US counterpart and experts warned Canada’s economy could fall into a recession.
“We don’t have a lot of good historical examples where we’ve had tariff shocks of this magnitude,” Tiff Macklem, the Bank of Canada governor, told reporters earlier this week. “Exactly how quickly, how big, how people react, what the implications are for inflation – there is a certain zone of uncertainty.”
Trump’s vague demands to “secure the border” have unsettled and confused Canadian negotiators shuttling between Ottawa and Washington with increased frequency and desperation.
“The reality is that a large, uncontrolled bully is using his position as the most powerful political leader in the world, to put pressure on a whole range of allies,” said Lawrence Herman, an international trade lawyer and senior fellow at the CD Howe Institute. “We have to, in Canada and the rest of the world, recognize that we’ve entered a new era.
“With the Trump administration, there are no rules. There is no respect for international treaties or agreements. There is no longer value to the US signature on international documents.”
Mark Carney, the frontrunner to replace Trudeau, said on Friday he was “foursquare” behind all lobbying efforts by Canadian ministers in Washington.
The former governor of the Bank of Canada and Bank of England said Canada would “and never back down to a bully” and that the “fever” gripping the US would eventually break.
Trump has also threatened a 100% tariff on BRICS member countries if they move from the U.S. dollar to anything else for trade. Not sure how the President can impose a 100% tariff by himself, I thought there were limits on how large the president can do and to exceed that level requires Congress.
President Donald Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November presidential elections.
The BRICS grouping includes Brazil, Russia, India, China, and South Africa and a few other countries that joined in the past couple of year. The grouping does not have a common currency, but long-running discussions on the subject have gained some momentum after the West imposed sanctions on Russia over the war in Ukraine.
Canada had previously put much greater restrictions on immigration, cutting way down on visas to the extent that the reducing of student visas, for example, has already closed Algonquin College and is threatening the closures of more of them, and at least causing all the colleges and universities financial difficulties. He already kowtowed to Trump's threat by beefing up border security and now using Blackhawk helicopters to patrol. In other words he has done what Trump wanted NOTWITHSTANDING the fact that the flow of immigrants and drugs from Canada is MINISCULE compared to from Mexico but Canada is being punished equally.
It is going to hurt Canadians, and so I'm all for the America Mexicanans to get hurt just as hard. Go to it Canada, make them sorry they put that asshole in the White House.
Arvo...so what exactly is it Canada exports to the States? What has the States got that Canada doesn't (other than Trump)..
I would have thought that Canada would be self sufficient in all areas of trade and goods so if tariffs are applied etc then don't import it..but I could be missing something...
No different to here when China applied tariffs etc then we found new markets for all our goods and they have continued to this day... China has since lifted them...
Canada I am sure is more than capable of looking after itself and finding new markets etc...
Now is the chance to diversify and develop trading relations with other countries that will benefit both and leave Trump to it...
Yep..I looked on a number of sites and they really didn't give any specifics.. just facts and figures, boring stuff...
Your info is heaps better and what I was looking for....with the vast majority of products on offer I am quite sure a lot of other countries would love to get their hands on them and trade with Canada..
Even I buy Canadian tinned pink salmon.. it's the best..
The rebuilding of LA is going to need a lot of lumber, and a lot of people who are able to do the hard construction work when the migrants who do it have been shipped out of the country.
a lot of people who are able to do the hard construction work when the migrants who do it have been shipped out of the country.
I've read articles about how Trump's sending immigrants out of the country might effect the U.S. It seems it will primarily effect two industries: Agriculture and Construction. Apparently these use a lot of immigrants- both legal and illegal-- for labor. And they are willing towork for extremely low wages.
Which means if Trump exportsa lot of these people, the cost of housing (and other buildings) as well as the prices of many fruits and vegetables will skyrocket.
Canada is the US biggest supplier of lumber. Do you remember during the pandemic the price of lumber went through the roof, it’s about to do that again.
"Which means if Trump exports a lot of these people, the cost of housing (and other buildings) as well as the prices of many fruits and vegetables will skyrocket.>
Restaurants will have trouble finding dishwashers, hospitals and schools will have trouble finding janitors and cleaners, life is going to be a lot harder for those who live paycheck to paycheck. What is ironic is that I bet a lot of people who are going to face a more difficult life could be ones who voted for it.
The problem is that everyone is going to suffer to some extent. The people who voted for him will get what they deserve, but the rest of the population don't deserve any of it
Let's say DOGE is able to cut about 3 trillion from bs spending. To celebrate that, Trump decides to give every American 10,000.00 for this savings, a roundabout number. In other words, give back to the American people the government had no need to take but just to waste on bs projects.
Because you did not vote for him, would you turn that money down and insist it goes to someone who voted for him,.....or deserves it, as you say, or will you pocket it like any normal person would do.
Afterall, in your words, it is his voters that deserve it, and no one else.
Me too, but the point I was trying to make is he said that those who voted for Trump will get what they deserve. I'm just curious if he will believe that he, too, is deserving of the 10k, even if he did not vote for him.
They probably can't wait for them to expire so they can pay more.
I wonder how the one who harps on tariffs feels that if Harris had won, his side would be responsible for a tax increase by letting Trump's cuts expire?
Afterall, in your words, it is his voters that deserve it, and no one else.
Do those of us who did not vote for this scoundrel also have the right to not be affected by his idiotic moves like his tariffs on China, Mexico, and Canada?
Impossible.
If we cannot benefit from anything he does good (assuming something good manifests) then we should not have to deal with all that he does bad.
Because that is impossible, your hypothetical is fundamentally flawed.
Well those of us who didn’t vote for cotton eyed Joe had no choice in the rising cost of virtually everything under his watch so to paraphrase a famous liberal hero:
Again, things that may or may not go/stay in effect.
Biden, on the other hand, gave us no choice but to "enjoy" his high inflation, high prices and hope to God someone doesn't see you pray somewhere they take offense to, because you would probably had been arrested for it.
Don't forget the millions of illegals he gave us no choice but to tolerate, all while you (collective you) continuously gave him kudos and defended him at every turn.
Biden, on the other hand, gave us no choice but to "enjoy" his high inflation, high prices
Is this the same inflation and high prices Trump mrecently said he could probably not do much about ? and what pray tell are saying about prayer, and who ndid Biden have locked up for praying ? Cheese and cracker's people, where does this shit come from
There is already a movement for groups of nations to use their own currencies instead of the Yankee dollar. I would not be surprised if the Chinese yuan will start to be broadly used among Asian nations.
I would not be surprised if the Chinese yuan will start to be broadly used among Asian nations.
Several countries are already working towards that:
One of the more intriguing financial trends that has gained popularity in recent years is the de-dollarization movement. De-dollarization is an effort by a growing number of countries to reduce the role of the U.S. dollar in international trade.
Countries like Russia, India, China, Brazil and Malaysia, among others, are seeking to set up trade channels using currencies other than the almighty dollar. (Link)
We represent the incredible regions of our beautiful country, and we are here for one reason: our nation—our beloved Canada—is under threat. It is an economic threat, but it’s also a threat to our values of decency and inclusion. It’s a threat to our sovereignty and our very future as a nation. The threat comes, of course, from the president of the United States—a convicted felon and known predator. He’s threatening massive tariffs to try and break us as a people. But the threat is also being driven by the hate algorithms of oligarchs like Elon Musk. And there is the threat from people in our own country who would sell out our birthright to appease the gangster class from Mar-a-Lago. That is not going to happen.
I believe that the White House asshole IS going to try to make it happen, and by doing so he is going to sorely damage the people he governs really badly, and make them regret they put him in the White House. Maybe there should be an insurrection aimed at the White House instead of the Capitol Building, but I don' think the America Mexicana people have the balls to do it.
It is stupid to think that everyone to your left is partisan. But it is normal for a blind partisan to be convinced that everyone is a blind partisan.
I, for one, have already noted that I applaud Trump's AI initiative (based on what we currently know). I also am fine with his SoS.
Trouble with Trump is that he mostly makes irresponsible and boneheaded decisions so you can expect much more criticism than praise.
For example, should I praise Trump for executing tariffs on Mexico, Canada, and China especially given he largely won the presidency on the promise of 'fixing' our high prices?
Trump has all sorts of personal flaws (by far more than any other PotUS in our lifetimes and likely all of history) but the worst is that he is not smart, thinks he is the smartest guy on the planet, is stubborn as a mule, is an asshole, and has been irresponsibly given the power of the US presidency.
As of now, no Trump supporter has opined in this article to defend this lunacy. Probably waiting for someone in the cult to provide talking points to parrot.
My prediction is that they will kick the can down the road and defend Trump with the equivalent of: 'we do not yet know how this will play out'.
Tariffs directly affect imports. They indirectly affect exports. One form of this indirection is the higher costs for imported items are passed through the supply chain and onto the costs of products that we export. Another form is that tariffs can trigger reciprocal tariffs and thus, yet again, increase the effective cost of our exports. These effects are felt by the end consumer in the trade partner nation and by the USA firms who find less demand for their more expensive products.
A direct tariff on an export is possible but typically the tariff (tax) is paid by the receiving company. But when we enter the world of exceptions, all sorts of various transactions are possible. Not the norm, but most anything is possible.
Tariffs should be a last resort when negotiations break down since they are never good for anyone.
reason i ask is everyone's talking about imports , but i seem to remember some tariffs implemented in the 1800s that affected the export of a certain product , yes those intolerable tariffs just before the war .
another reason i ask is a couple industries , have components that cross the border multiple times before a finished product is made .
least no one except that Ford guy out of Canada has said anything about an embargo, and he only mentioned electric power coming to the states . Funny thing i read about that is right after he did that , 5 power generating plants went from having a slated shutdown and decommissioning date to not having one and being slated for upgrades . Of course they all run on coal and NG, and are all situated in one state that has plenty of coal and NG and access to both .
I guess that extra power generation in canada can be used to lower canadians power bills instead of being sold at higher prices across the border .....
Let the fun begin.
Well he admitted that he couldn't lower grocery prices, so he may as well raise them.
www.theguardian.com /world/2025/jan/31/trump-tariffs-canada-trudeau
Trudeau: Canada will bring ‘forceful but reasonable’ retaliation to Trump tariffs
Leyland Cecco 6-7 minutes 1/31/2025
Justin Trudeau says Canada will bring a “forceful but reasonable” retaliation to any tariffs imposed by the US as his country braces for the economic fallout of a trade war.
“I won’t sugarcoat it – our nation could be facing difficult times in the coming days and weeks,” Trudeau said on Friday while speaking to an advisory council on Canada-US relations. “I know Canadians might be anxious and worried, but I want them to know the federal government – and indeed, all orders of government – have their backs.”
On Thursday, Donald Trump said: “We’ll be announcing the tariffs on Canada and Mexico for a number of reasons. Number one is the people that have poured into our country so horribly and so much.
“Number two are the drugs, fentanyl and everything else that have come into the country. Number three are the massive subsidies that we’re giving to Canada and to Mexico in the form of deficits.”
Officials in Ottawa and Mexico City have drawn up plans to retaliate against Washington with tariffs of their own, raising the prospect of a damaging trade war. Businesses inside the US and across the world have warned of widespread disruption if the Trump administration pushes ahead.
After his election victory last November, Trump announced on his social network that upon his return to office he would “sign all necessary documents” to impose a 25% tariff on Mexico and Canada. Mexico must stop “illegal aliens” from crossing its border with the US, he said, and Canada must halt the flow of drugs like fentanyl. “Until such time that they do, it is time for them to pay a very big price!”
Trump did not, in fact, sign these documents following his inauguration. Instead, he introduced a deadline – 1 February – by which both countries are supposed to resolve his concerns.
Claudia Sheinbaum, the Mexican president, has already taken Trump through the various migration initiatives her government has undertaken. Experts have raised questions over Trump’s demand from Canada, with so little fentanyl entering the US through its northern border that the US Drug Enforcement Administration (DEA) omitted to even mention Canada in a 2020 report . The Mexican government has sent signals it is prepared to do more on migration and fentanyl trafficking – even notching up a record seizure soon after Trump’s threats began – but it has also sought to play down the prospects of a trade war.
Canada sends 75% of all its goods and services exports to the United States, its largest trading partner and closest ally. Trudeau said the trade spat and diplomatic tangle “is not what we want”, but that if Trump followed through on his threats, “we will also act”.
A first round of retaliatory tariffs would cause minimal damage to the US, covering C$37bn of its exports to Canada, but if needed, Canada’s federal government plans to escalate by imposing tariffs on C$110bn worth of goods.
Canada’s dollar has plunged against its US counterpart and experts warned Canada’s economy could fall into a recession.
“We don’t have a lot of good historical examples where we’ve had tariff shocks of this magnitude,” Tiff Macklem, the Bank of Canada governor, told reporters earlier this week. “Exactly how quickly, how big, how people react, what the implications are for inflation – there is a certain zone of uncertainty.”
Trump’s vague demands to “secure the border” have unsettled and confused Canadian negotiators shuttling between Ottawa and Washington with increased frequency and desperation.
“The reality is that a large, uncontrolled bully is using his position as the most powerful political leader in the world, to put pressure on a whole range of allies,” said Lawrence Herman, an international trade lawyer and senior fellow at the CD Howe Institute. “We have to, in Canada and the rest of the world, recognize that we’ve entered a new era.
“With the Trump administration, there are no rules. There is no respect for international treaties or agreements. There is no longer value to the US signature on international documents.”
Mark Carney, the frontrunner to replace Trudeau, said on Friday he was “foursquare” behind all lobbying efforts by Canadian ministers in Washington.
The former governor of the Bank of Canada and Bank of England said Canada would “and never back down to a bully” and that the “fever” gripping the US would eventually break.
lol ….. forceful but reasonable? More left wing psychobabble rap.
The good news for Canada is that there may be a carveout for their oil exports .....IF THEY ARE GOOD!
That low figure must be the influence of Musk.
Trump is getting a 15% kickback from China.
A lot of his products that he sells are manufactured in China.
I was just wondering because I read somewhere that Musk wanted the tariff on China lowered. Originally it was going to be 50% I believe.
Yeah they probably both source product from China. Maybe only Musk was alert enough to remember it.
I wonder if there will be any tariff exceptions?
Is that your MAGA hat?
That happens to be in addition to the tariffs China already had on it. (Biden kept a lot of it in place)
Trump has also threatened a 100% tariff on BRICS member countries if they move from the U.S. dollar to anything else for trade. Not sure how the President can impose a 100% tariff by himself, I thought there were limits on how large the president can do and to exceed that level requires Congress.
Setting the Record Straight on Canada-U.S. Trade
Canada had previously put much greater restrictions on immigration, cutting way down on visas to the extent that the reducing of student visas, for example, has already closed Algonquin College and is threatening the closures of more of them, and at least causing all the colleges and universities financial difficulties. He already kowtowed to Trump's threat by beefing up border security and now using Blackhawk helicopters to patrol. In other words he has done what Trump wanted NOTWITHSTANDING the fact that the flow of immigrants and drugs from Canada is MINISCULE compared to from Mexico but Canada is being punished equally.
It is going to hurt Canadians, and so I'm all for the America Mexicanans to get hurt just as hard. Go to it Canada, make them sorry they put that asshole in the White House.
Arvo...so what exactly is it Canada exports to the States? What has the States got that Canada doesn't (other than Trump)..
I would have thought that Canada would be self sufficient in all areas of trade and goods so if tariffs are applied etc then don't import it..but I could be missing something...
No different to here when China applied tariffs etc then we found new markets for all our goods and they have continued to this day... China has since lifted them...
Canada I am sure is more than capable of looking after itself and finding new markets etc...
Now is the chance to diversify and develop trading relations with other countries that will benefit both and leave Trump to it...
You don't have access to google? Okay, can you open this link?
Canada Exports to United States
LINK -> Canada Exports to United States - 2025 Data 2026 Forecast 1989-2023 Historical
Too many ignorant voters who lack critical thinking ability, common sense or foresight.
Yep..I looked on a number of sites and they really didn't give any specifics.. just facts and figures, boring stuff...
Your info is heaps better and what I was looking for....with the vast majority of products on offer I am quite sure a lot of other countries would love to get their hands on them and trade with Canada..
Even I buy Canadian tinned pink salmon.. it's the best..
I believe I read some time ago that a lot of Canadian lumber was imported into the U.S.?
If Canadian lumber has a tariff (making lumber more expensive) it will raise the cost of building housing in the U.S.
The rebuilding of LA is going to need a lot of lumber, and a lot of people who are able to do the hard construction work when the migrants who do it have been shipped out of the country.
I've read articles about how Trump's sending immigrants out of the country might effect the U.S. It seems it will primarily effect two industries: Agriculture and Construction. Apparently these use a lot of immigrants- both legal and illegal-- for labor. And they are willing towork for extremely low wages.
Which means if Trump exportsa lot of these people, the cost of housing (and other buildings) as well as the prices of many fruits and vegetables will skyrocket.
Canada is the US biggest supplier of lumber. Do you remember during the pandemic the price of lumber went through the roof, it’s about to do that again.
Restaurants will have trouble finding dishwashers, hospitals and schools will have trouble finding janitors and cleaners, life is going to be a lot harder for those who live paycheck to paycheck. What is ironic is that I bet a lot of people who are going to face a more difficult life could be ones who voted for it.
Millions of working class/middle class people who voted for Trump are going to be hurt and their lives will be made more difficult.
As America's most brilliant philosopher said: "Stupid is what stupid does."
The problem is that everyone is going to suffer to some extent. The people who voted for him will get what they deserve, but the rest of the population don't deserve any of it
It is neither fair nor just that they have brought suffering upon others, but it is both just and righteous that they have brought it upon themselves.
So let's look at this hypothetical...
Let's say DOGE is able to cut about 3 trillion from bs spending. To celebrate that, Trump decides to give every American 10,000.00 for this savings, a roundabout number. In other words, give back to the American people the government had no need to take but just to waste on bs projects.
Because you did not vote for him, would you turn that money down and insist it goes to someone who voted for him,.....or deserves it, as you say, or will you pocket it like any normal person would do.
Afterall, in your words, it is his voters that deserve it, and no one else.
I would rather it be used to pay down the debt. That's IMO a much bigger issue than getting to pocket $10k.
Me too, but the point I was trying to make is he said that those who voted for Trump will get what they deserve. I'm just curious if he will believe that he, too, is deserving of the 10k, even if he did not vote for him.
[deleted][✘]
I guarantee they will take it, just like they took the stimulus checks during COVID nd Trump's last term.
Bunch of hypocrites.
C’mon man, those folks are so righteous they gave their Trump tax cuts back every year so they would most definitely give that 10k back as well.
Guaranteed!
/S
They probably can't wait for them to expire so they can pay more.
I wonder how the one who harps on tariffs feels that if Harris had won, his side would be responsible for a tax increase by letting Trump's cuts expire?
Is that before or after Katie Miller gets a new wardrobe and matching bling?
You "hypothetical" is complete idiocy.
Do those of us who did not vote for this scoundrel also have the right to not be affected by his idiotic moves like his tariffs on China, Mexico, and Canada?
Impossible.
If we cannot benefit from anything he does good (assuming something good manifests) then we should not have to deal with all that he does bad.
Because that is impossible, your hypothetical is fundamentally flawed.
Well those of us who didn’t vote for cotton eyed Joe had no choice in the rising cost of virtually everything under his watch so to paraphrase a famous liberal hero:
Elections have consequences
- Barack Obama
[deleted][✘]
Exactly...
I would show a clapping emoji, but.....
Again, things that may or may not go/stay in effect.
Biden, on the other hand, gave us no choice but to "enjoy" his high inflation, high prices and hope to God someone doesn't see you pray somewhere they take offense to, because you would probably had been arrested for it.
Don't forget the millions of illegals he gave us no choice but to tolerate, all while you (collective you) continuously gave him kudos and defended him at every turn.
They went into effect today.
Is this the same inflation and high prices Trump mrecently said he could probably not do much about ? and what pray tell are saying about prayer, and who ndid Biden have locked up for praying ? Cheese and cracker's people, where does this shit come from
And when the world changes to paying in Euros instead of US Dollars who's going to get the blame?
There is already a movement for groups of nations to use their own currencies instead of the Yankee dollar. I would not be surprised if the Chinese yuan will start to be broadly used among Asian nations.
Several countries are already working towards that:
One of the more intriguing financial trends that has gained popularity in recent years is the de-dollarization movement. De-dollarization is an effort by a growing number of countries to reduce the role of the U.S. dollar in international trade.
Countries like Russia, India, China, Brazil and Malaysia, among others, are seeking to set up trade channels using currencies other than the almighty dollar. (Link)
Canadian MP Charlie Angus:
We represent the incredible regions of our beautiful country, and we are here for one reason: our nation—our beloved Canada—is under threat. It is an economic threat, but it’s also a threat to our values of decency and inclusion. It’s a threat to our sovereignty and our very future as a nation. The threat comes, of course, from the president of the United States—a convicted felon and known predator. He’s threatening massive tariffs to try and break us as a people. But the threat is also being driven by the hate algorithms of oligarchs like Elon Musk. And there is the threat from people in our own country who would sell out our birthright to appease the gangster class from Mar-a-Lago. That is not going to happen.
I believe that the White House asshole IS going to try to make it happen, and by doing so he is going to sorely damage the people he governs really badly, and make them regret they put him in the White House. Maybe there should be an insurrection aimed at the White House instead of the Capitol Building, but I don' think the America Mexicana people have the balls to do it.
AND that orange make-up! Is that from Crayola, or as Bill Maher intimated, genetic?
Trump is a stubborn idiot. Let's add this to the evidence:
The question is how long will it take the magas to realize they've been screwed by Trump, or will they all just smile and tell him "More please"?
A good bet is that they will continue to defend anything he does ... no matter what.
Yep, they're ignorant enough to follow that pied piper over the cliff.
A good bet you (collective you) leftists will criticize everything he does...no matter what.
As my father would say "If you have no chance to make someone happy, stop trying to make them happy".
It is stupid to think that everyone to your left is partisan. But it is normal for a blind partisan to be convinced that everyone is a blind partisan.
I, for one, have already noted that I applaud Trump's AI initiative (based on what we currently know). I also am fine with his SoS.
Trouble with Trump is that he mostly makes irresponsible and boneheaded decisions so you can expect much more criticism than praise.
For example, should I praise Trump for executing tariffs on Mexico, Canada, and China especially given he largely won the presidency on the promise of 'fixing' our high prices?
Trump has all sorts of personal flaws (by far more than any other PotUS in our lifetimes and likely all of history) but the worst is that he is not smart, thinks he is the smartest guy on the planet, is stubborn as a mule, is an asshole, and has been irresponsibly given the power of the US presidency.
As of now, no Trump supporter has opined in this article to defend this lunacy. Probably waiting for someone in the cult to provide talking points to parrot.
My prediction is that they will kick the can down the road and defend Trump with the equivalent of: 'we do not yet know how this will play out'.
was just wondering , anyone know if the tariffs affect imports or exports or both?
everyone knows imports the us citizens will pay.
exports its the receiving countries shipper that will pay before it leaves the country.
Tariffs directly affect imports. They indirectly affect exports. One form of this indirection is the higher costs for imported items are passed through the supply chain and onto the costs of products that we export. Another form is that tariffs can trigger reciprocal tariffs and thus, yet again, increase the effective cost of our exports. These effects are felt by the end consumer in the trade partner nation and by the USA firms who find less demand for their more expensive products.
A direct tariff on an export is possible but typically the tariff (tax) is paid by the receiving company. But when we enter the world of exceptions, all sorts of various transactions are possible. Not the norm, but most anything is possible.
Tariffs should be a last resort when negotiations break down since they are never good for anyone.
reason i ask is everyone's talking about imports , but i seem to remember some tariffs implemented in the 1800s that affected the export of a certain product , yes those intolerable tariffs just before the war .
another reason i ask is a couple industries , have components that cross the border multiple times before a finished product is made .
least no one except that Ford guy out of Canada has said anything about an embargo, and he only mentioned electric power coming to the states . Funny thing i read about that is right after he did that , 5 power generating plants went from having a slated shutdown and decommissioning date to not having one and being slated for upgrades . Of course they all run on coal and NG, and are all situated in one state that has plenty of coal and NG and access to both .
The price of new cars us at record highs now, adding a tariff of 25% tariff to them is going help sell a lot of used cars.