Trump Tariffs

citygator · Dec 12, 2024

Why insult the entire nation of our closest ally and trading partner? What a fat dick.

citygator · Dec 12, 2024

I'd bet my hat that Donald negotiates nothing and claims victory announcing the same deal we have. Just like NAFTA.

chemgator · Dec 12, 2024

Trump's idiotic tariffs might only shut down the electrical grid in Minnesota, Michigan, and New York. Nice work, Trump! Those states probably don't need electricity anyway.

Gas prices in the midwest are expected to jump by $0.30/gal if the tariffs go through.

Canada Threatens to Cut Power to U.S. Over Trump Tariffs

Ontario Premier Doug Ford said his province was putting together a list of retaliatory measures and would go so far as to cut off energy exports to the U.S. if President-elect Trump slaps Canadian products with a 25 percent tax as promised, the AP reported.

“We will use every tool in our tool box to fight back,” Ford said Wednesday after a call with Prime Minister Justin Trudeau and other provincial premiers. “We can’t sit back and roll over. We just won’t as a country. And isn’t this a shame, our closest friends and allies.”

As a major exporter of electricity to Michigan, Minnesota and New York, Ontario powered 1.5 million U.S. homes last year, a spokeswoman for Ford told the AP. Trump’s transition team didn’t respond to the news agency’s request for comment.
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gator_jo · Dec 12, 2024

chemgator said: ↑

Trump's idiotic tariffs might only shut down the electrical grid in Minnesota, Michigan, and New York. Nice work, Trump! Those states probably don't need electricity anyway.

Gas prices in the midwest are expected to jump by $0.30/gal if the tariffs go through.

Canada Threatens to Cut Power to U.S. Over Trump Tariffs
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On the positive side, at least all those gullible MAGA voters finally will have their TVs shut off when the wind dies down.....

docspor · Dec 12, 2024

This makes China very happy

chemgator · Dec 15, 2024

Trump called out on his lie that he will bring consumer prices down. He will drive them up.

okeechobee · Dec 15, 2024

chemgator said: ↑

Trump's idiotic tariffs might only shut down the electrical grid in Minnesota, Michigan, and New York. Nice work, Trump! Those states probably don't need electricity anyway.

Gas prices in the midwest are expected to jump by $0.30/gal if the tariffs go through.

Canada Threatens to Cut Power to U.S. Over Trump Tariffs
Click to expand...

Oh no! They've got us now!!

chemgator · Dec 15, 2024

Trump called out on his lie that mass deportations will ease the U.S. housing crisis. No immigrants = no one available to build new houses and maintain (re-roof) older ones.

Despite Trump’s claim, deportations likely wouldn’t ease housing crisis, most experts say

President-elect Donald Trump’s mass deportation plan could potentially upend a construction workforce reliant on immigrants, stalling efforts to build more homes. (Chris Carlson/The Associated Press)

The mass deportations of immigrants that President-elect Donald Trump has promised aren’t likely to make a dent in the nation’s housing crisis, many experts say, despite what he and his supporters claimed during his campaign.

Experts say the reasons for that are many. Immigrants in the U.S. without documentation are more likely to live in low-income rental housing than they are to live in higher-income areas or to buy homes. They often live in multigenerational groups with many people in a household. And they are a key cog in the construction industry, meaning fewer homes would get built without their labor.
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docspor · Dec 15, 2024

chemgator said: ↑

Trump called out on his lie that he will bring consumer prices down. He will drive them up.

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It is probably happening right now. If you expect prices to rise in the future that causes inflation right now. I expect inf to keep creeping upward. I think a rate cut is a bad idea.

108 · Dec 17, 2024 at 5:39 PM

Someone should ask Trump if blue states should stop subsidizing red states..

chemgator · Dec 21, 2024 at 3:23 PM

Prices expected to increase on these three items under Trump:

1) Electronics.
2) Cars.
3) Appliances.

Even if you buy a domestic vehicle, chances are that it was made with foreign parts.

3 Things the Middle Class Won’t Be Able To Afford If Trump Imposes Tariffs in 2025

One of the cornerstones of President-elect Donald Trump’s reelection campaign of 2024 was his promise to implement tariffs — that is, taxes levied upon goods imported to the United States from foreign nations — at a level of 10% to 20% for most, and a whopping 60% on goods from China, per a recent report from Business Insider. Trump’s assertion is that the tariffs would provide a boost to American manufacturing as well as a tax on other countries.

When Trump implemented tariffs in his first administration, foreign importers, as a consequence, raised their prices and charged more for their imports, which then in turn drove American retailers to raise their prices to make up for the increased costs of the imports they received. As a result, American retailers are now bracing for the increased cost of imports, and many have announced plans to raise their prices if Trump’s tariffs indeed happen — just as they did in the first Trump administration. If history repeats itself, many retail items will likely slip out of reach of middle-class budgets.

According to the Consumer Technology Association, Trump’s proposed tariffs would hike laptop and tablet costs by a shocking 46% and smartphones by 26%. Given that those products are already rather expensive, a 26% to 46% price increase would push those items outside the budget of many middle-class shoppers. Additionally, video game consoles are projected to increase in price by 40% and TVs by 9%.

Nearly every car — including those made in America — are built with auto parts made in China, Europe and Mexico. Because of this, car shoppers can expect cars across the board, even those made in the U.S., to increase dramatically in price.
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Things would be just like they were in the 1950's, when you had to save 3-4 years for a new washing machine or dryer, and there were no electronics.

chemgator · Dec 21, 2024 at 3:30 PM

Another article says that Herbert Hoover's high tariffs on foreign goods helped cause the Great Depression, which spread worldwide and led to the rise of the Nazi Party in Germany and World War II. Gamesmanship you say? Who could be better at gamesmanship than Trump? Wouldn't a Trump-driven World War III be exciting?

Trump’s tariffs and Nebraska

In 1929 America’s stock market crash was largely an American crisis. But soon America First and protectionists enacted the Smoot-Hawley Tariff Act. President Herbert Hoover and the Congress raised U.S. tariffs on over 20,000 imported goods resulting in an international trade war, with retaliatory tariffs by other countries reducing U.S. imports and exports by nearly 70% during the Great Depression. This gamesmanship by Hoover and America First propagandists not only drove the U.S. into the Great Depression but ensured it would impact much of the world. And then came the rise of fascists, World War II and up to 85 million human deaths.

Let’s consider what these tariffs could mean for just one critical economic Nebraska interest: agriculture. To provide context, we should consider who Trump is poking with his massive tariff promises. Mexico is America’s largest trading partner with nearly $480 billion in imports in 2023, followed by China with $448 billion, and Canada with $430 billion in imports.

Trade war games, even just talk, have potential consequences. Take China, for example. China will retaliate with its own tariffs, creating an escalating trade war. Within months, all those relatively cheap Chinese consumer goods we buy daily, let alone all those inputs that keep our industries humming, will experience higher costs at best, and at worst massive supply chain disruptions.
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