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Trump tariffs on Canada, Mexico and China begin Saturday, White House says

Discussion in 'Too Hot for Swamp Gas' started by okeechobee, Jan 31, 2025 at 4:56 PM.

  1. okeechobee

    okeechobee GC Hall of Fame

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    In an apparent ending to weeks of intense speculation, the White House confirmed Friday that President Donald Trump will be leveling aggressive tariffs this weekend on major U.S. trading partners.

    Karoline Leavitt, the White House press secretary, said Trump will be implementing 25% tariffs on Mexico and Canada as well as a 10% duty on China, in retaliation for “the illegal fentanyl that they have sourced and allowed to distribute into our country.”

    The White House provided few details on exactly how the levies will be meted out, saying that they will be available for public inspection at some point Saturday.

    Trump tariffs on Canada, Mexico and China begin Saturday, White House says

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    President Trump doesn't make empty threats.

    [​IMG]
     
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  2. duggers_dad

    duggers_dad GC Hall of Fame

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    The Trump administration does not seem to share Biden’s and Europe’s zeal to see Ukrainians dying. Its central focus seems to be on the “malign influence of China.” I expect that to go well.
     
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  3. gtr2x

    gtr2x GC Hall of Fame

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    As always,the devil will be in the details and we will see ultimately what industries / friends of the administration get an exclusion.
     
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  4. G8tas

    G8tas GC Hall of Fame

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    upload_2025-1-31_17-5-16.png
     
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  5. Emmitto

    Emmitto VIP Member

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    You don’t think Ukrainians will die once Ukraine dies? Ha, OK.
     
  6. mdgator05

    mdgator05 Premium Member

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    I notice that you didn't include this part of your article in your description of the event. Let me help you out:

    Pretty rare to see that immediate and consistently negative effect to voluntary fiscal policy.
     
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  7. duggers_dad

    duggers_dad GC Hall of Fame

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    No, because then there will be no more Ukrainians left and the Lindsey Grahams of the world will be satisfied that they put up a good fight for America.
     
  8. rivergator

    rivergator Too Hot Mod Moderator VIP Member

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    story has nothing to do with Ukraine. let's stick to tariffs, please
     
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  9. okeechobee

    okeechobee GC Hall of Fame

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    I think the tariffs on Mexico and Canada are a bop in the nose to each. Likely to be short-lived, followed by agreements that give America more favorable terms with Canada and much more help at the border from Mexico. China is the one that will be interesting to watch. Although, please let us not forget that Biden was heavily considering a sharp increase in tariffs on China before leaving office. Not that Biden was smart, but let's not act like Trump is starting WW3 with an additional 10% tariff on China.
     
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  10. PITBOSS

    PITBOSS GC Hall of Fame

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    fentanyl Is a national crisis which is worthy of strong measures. But can Mexico and especially Canada stop it? They don’t want it in their countries either.


    • In 2021, U.S. citizens were 86.3 percent of convicted fentanyl drug traffickers—ten times greater than convictions of illegal immigrants for the same offense.
    • Over 90 percent of fentanyl seizures occur at legal crossing points or interior vehicle checkpoints, not on illegal migration routes, so U.S. citizens (who are subject to less scrutiny) when crossing legally are the best smugglers.


    https://www.cato.org/blog/fentanyl-smuggled-us-citizens-us-citizens-not-asylum-seekers
     
  11. okeechobee

    okeechobee GC Hall of Fame

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    Dude, first of all, fentanyl trafficking by U.S. citizens only occurs after fentanyl trafficking by foreigners trafficking it into the U.S. And you do understand that most fentanyl is not seized, right? We're not worried about the fentanyl that's seized. We're worried about the stuff that's not. And suffice to say more seizures would have occurred from illegal migration routes if Biden's people were actually policing illegal migration routes in the first place. At least with the same effort we police border checkpoints.

    Also you inadvertently explained to us why illegal immigration is so dangerous in your first point. It is inherently much more difficult to track illegal aliens, hunt them down and prosecute. Any time libs reference crime stats by illegals, they assume law enforcement is playing on the same level field with illegals as they are with U.S. citizens. None of them would tell you that represents reality. So the stats are always going to look like that, because it's much harder to track down and prosecute folks that have never been on the grid and are working very hard to stay off the grid.
     
    Last edited: Jan 31, 2025 at 5:59 PM
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  12. mdgator05

    mdgator05 Premium Member

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    Well, that is downright false. A fair number of traffickers are from the US. Cartels love them because they are less likely to run into issues going north with the product.

    Not much. The whole point of fentanyl is because it is easy to move and hard to catch.
     
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  13. VAg8r1

    VAg8r1 GC Hall of Fame

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    Agree. He refuses to accept reality. Even if all illegal migration was completely stopped there would be very little impact on the supply of fentanyl. Virtually all illicit fentanyl in the US is combined with legal cargo and smuggled into the US at legal ports of entry.
     
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  14. mdgator05

    mdgator05 Premium Member

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    It is even worse than that: fentanyl doesn't even need to be packed/hidden with legal cargo. You can outfit a motorcycle to smuggle fairly large values of fentanyl. It is very concentrated. Fentanyl is what happens when you crank enforcement up against everything else.
     
  15. rivergator

    rivergator Too Hot Mod Moderator VIP Member

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  16. docspor

    docspor GC Hall of Fame

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  17. okeechobee

    okeechobee GC Hall of Fame

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  18. VAg8r1

    VAg8r1 GC Hall of Fame

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    Apparently Donald Trump thought that America was great in 1930 which may explain why he is deciding to emulate Senator Smoot, Representative Hawley and President Hoover.
    Smoot–Hawley Tariff Act - Wikipedia
    The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff,[1] was a law that implemented protectionist trade policies in the United States. Sponsored by Senator Reed Smoot and Representative Willis C. Hawley, it was signed by President Herbert Hoover on June 17, 1930. The act raised US tariffs on over 20,000 imported goods.[2]

    The tariffs under the act, excluding duty-free imports, were the second highest in United States history, exceeded by only the Tariff of 1828.[3] The Act prompted retaliatory tariffs by many other countries.[4] The Act and tariffs imposed by America's trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the Great Depression.[5] Economists and economic historians are agreed that the passage of the Smoot–Hawley Tariff worsened the effects of the Great Depression.[6]
     
  19. gatordavisl

    gatordavisl VIP Member

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    Is he trying to run the country like a business tycoon? If yeah, let's see how that works out.
     
  20. slocala

    slocala VIP Member

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