- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
Summary
Donald Trump pledged to impose a 25% tariff on all products from Mexico and Canada on his first day in office, blaming them for failing to stop illegal drugs and immigration.
He also vowed to add a 10% tariff on Chinese goods until drug trafficking into the U.S. ceases.
Economists warn these tariffs could drive up consumer prices and inflation.
While violent crime has declined in recent years, Trump continues to link trade measures to border security and drug issues, echoing his first-term trade policies and immigration stance.
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I’m pretty sure most of the drugs coming in from Canada are in the possession of seniors who can’t afford American medical care.
He doesn’t give a fuck. He will avoid prison and that is all that matters to him.
Oh I know. I was just pointing that out considering how many of them voted for him.
The tariffs won’t be effective on jan 20th. Certainly there will be specific ultimatums made to both countries, and it is irresponsible to set a tariff date, and then later “negotiate the specific threats/ultimatums” to reverse the tariffs. There are government agencies that need to prepare for policy.
Specific to Canada, there is a long history of free trade with comparable wages in auto sector, such that even some parts are shipped across the border for processing and shipped back. A conflict of interest with Musk, is that he doesn’t mind destroying North American Auto sector, or big 3 anyway.
He’s gonna get rid of the income tax too right? Right?
No? So everything costs more and farmers go out of business. Got it. But hey, you maga aholes got to own us libs. That sure was awesome! /s. Have fun being homeless you tools.
As soon as things go south, they’ll become the Biden tariffs that the damn, dirty liberals inflicted on America.
We’ve always been at war with Eurasia, Eastasia is our ally.
Who do you think he’s going to pick to succeed to him when he will be tired, Don jr or Ivanka?
2016 Trump: We’re gonna build the wall 10ft higher!
2024 Trump: We’re gonna make the price of everything 10% higher!?
2024 voters: InFlAtIoN tOo HiGh! TrUmP bEtTeR fOr ThE eCoNoMy!!1
This will look just spectacular on my grocery bill. Prolly like 75% of my produce comes from Mexico right now.
Not to worry. All the farms in the US will pick up the slack thanks to all that plentiful cheap migrant labor. Oh, wait…
Yah, that’ll fix inflation, you fucking stable genius.
What a shithole country.
USA uses Tariffs.
It hurt itself in its confusion!100% tariffs on China!
60% tarrifs on China!…10% tarrifs on China?
Wait a minute. You mean I ran on bad policy and now I’m learning it was all bad ideas and people voted for me?
Except For on all the stupid crap I endorse from there and personally profit off of. If democracy ever resurfaces somewhere there needs to be heavy regulation on using the office of the president as at platform for personal profit.
From the article
levy an additional 10% tariff on top of existing tariffs on Chinese products coming into the United States.
He’s not setting the Chinese tariffs at 10%, he’s adding an extra 10%.
Additional 10% to what though. Right now we don’t have tarrifs on all Chinese goods that I know of, so it would be 10 total unless he means an additional 10 on his last remark of 60 making it 70%? Wish the guy could actually write out a policy so companies can make plans on how best to function over the next x amount of years.
It was a 100% tariff on China at one point lol
Biden placed a bunch of tariffs on Chinese products back in May.
I mean he seemed shocked on election night.
https://m.youtube.com/watch?v=CrnraEVaWTM
All you have to do is watch 1:00 to 1:20. He literally says, “We overcame obstacles that nobody thought possible, and it is now clear that we’ve achieved the most incredible political thin–, Look what happened, is(n’t?) this crazy?”
I can guarantee you my paycheck won’t increase even a single percentage.
Nor will it bring manufacturing jobs back
It will destabilize the western markets / economic/ financial systems.
Putin will be pleased.
Exactly like the play book planned out.
Glad more people are becoming aware of the new Rasputin.
He has a substack, btw.
A couple previous comments I’ve made about him and the situations. One has his substack link.
This:
Has become
Republicans will spend the next two years blaming the previous Democrat government for the problems that will happen … then spend the next two years telling everyone that if they vote for the democrats the problems will get worse.
Every republican administration in my lifetime has left office in a recession.
I would agree with this, going back to Reagan. I technically saw the last few months of the Carter administration when I was born. I’m just not totally sure if Reagan left Bush Sr. a crappy economy, or if Bush Sr. managed to completely torpedo the economy in 4 years, allowing Clinton to perform “an economic miracle.”
Ah, yes. Canada, where all the people who have social services, healthcare, and general peace, without fear of daily shootings, try to escape from.
I wonder where all the drugs in Canada come from.(aside from weed. Everyone I know grows at home now)
Trump is not making America great. He’s trying to destabilize the western economic system.
Well, it’s because we already sent you all our worst. It took a stable genius to notice we did it. Everyone else just saw us as your nice friendly neighbours to the north, but remember how we behave in the wars? Where did all those people go?
Actually, it’s become a little bit true lately as some Canadians were accidentally the recipient of whatever the hell made people into “MAGA people”, so some of them actually have gone down to be closer to the “fountain of TRUTH”… and so they would look less silly wearing MAGA hats… I mean, sure, Canada is also technically America, but… yeah, they wear those hats up here too, luckily not as many.
yeah, they wear those hats up here too, l
That is hilarious.
Trump hates NATO, The UN, and NAFTA. They were created after his father was born, so they must be bad ideas. That’s why he loves tariffs so much, because his daddy sang their praises, because the rich tanking the economy in the 1920s and 1930s allowed Trump’s grandfather to solidify his fortune, and allowed Trump’s daddy to make his fortune, both by buying up everything they could on the cheap.
Depressions only inconvenience the rich, but allow them to get even more fabulously wealthy by buying up everything for pennies on the dollar. Depressions kill the poor, and harm what’s left of the working middle class.
As a leftist I normally wouldn’t even acknowledge that the middle class, aka, the petit bourgeois even exists as the poor and the rest of the workers are all one class, but in this one case it is useful to differentiate between the intentional harm that the ruling class is causing.
What are the benefits for him? All that he do is for his own good. At first I thought he was saying lies so that he can get elected. But now that he is elected, what will he gain from doing that? Won’t American suffer so does his assets?
My betting is he’ll relax tariffs on companies if they pay him.
Don likes to make “deals”. I honestly think he’ll walk back on this once it begins to piss everyone off.
Okay, but are you going to stimulate US manufacturers to fill in the vacuum you’ll create? Unless manufacturers have somewhere else to get their materials from, this will just result in shortages of everything.
We’re gonna be seeing empty shelves in stores again. But there’ll be no new virus to explain it this time.
Wow. It sure is a good thing we still have domestic products that can compete with all of the imported goods from these major trade partners …right? Right?
its a good thing the US isn’t dependent on Canadian electricity or gas…
