Hadn't seen it posted. But they finally went into effect at midnight. Enjoy inflation and a crashinglg stock market, with no added benefit to the average US citizen. https://apnews.com/article/trump-tariffs-canada-mexico-china-643086a6dc7ff716d876b3c83e3255b0
This was the text I got yesterday from one of my division finance managers: "[Product Executive] is in market and says this tariff impact is coming fast and furious. Initially 10%, now another 10%. [Supplier Name] already called her and said they are raising their costs 4.5% on April forward..." We will add our markup on top of the cost increase so our customers will see an 8% cost increase on affected goods. The impact is that customers will buy fewer units at higher prices. We will buy less materials, need less salespeople, do less shipping, and all of those will have labor cuts that will accompany the new lower unit level for us and everyone on the entire supply chain. My guess is there will be a noticeable impact to GDP as predicted by the FED. Trump news live: U.S. forecast to enter recession after Trump crashes markets with tariffs on Canada, China and Mexico | The Independent The first quarter is on track for negative GDP growth, Atlanta Fed indicator says thehill.com/business/5169308-atlanta-fed-gdp-contraction/
I stated this in another thread but it seems that Trump is deliberately misleading the electorate and trying to tank the economy, like intentionally going out of his way to do it. In the process he is breaking free trade agreements that have benefited this country. Last time I looked our economy was the envy of the world. So who benefits if the US is weaker economically?
Do we even know what Trumputin wants from these tariffs? Is he pretending it's about fentanyl? Would China and Canada sending 10,000 troops to stand at the border signal their commitment to preventing drugs from reaching Donald Jr. America? We probably need an investment in Trump's meme coins? Or a multibillion-dollar investment with Jared that generates fees only? There certainly has to be a way to pay the felon his grift without tanking the economy, right?
That really is the question. There is no fentanyl coming from Canada. They have 1/10th as many people as us and have less money, so they will never import as much as we do. There is no objective. I bet some hot Russian chick told him tariffs were sexy.
He wants to bring industries back to the US. If the products are made here, no tariffs. But it won't work, everyone's not going to pack up their operations around the world and relocate to the US, certainly not under punitive threat. Other countries have agency to retaliate, and that's exactly what they're doing. I like taco Tuesday better.
Winner. Why would anyone invest in the US right now, either domestic or foreign, with the lack of a coherent economic plan from the WH? Shit changes daily, if not hourly. Nobody is going to risk that.
Scalise doing the rounds. Calls reciprocal tariffs intended to get to “zero tariffs” across the world — as trading partner ratchet down, US will do in lock step. Calls the China, Mexico, and Canada tariffs 100% about fentanyl. why the bleep should the 350m people of this country have to pay for the personal choices of drug users? What a load of crap.
Bc nothing ever needs to change, and we can just keep on borrowing Trillions upon Trillions to service our soon enough to be 50 Trillion dollar debt, and footing the bill for our *allies* who suckle on our teet to their benefit, getting to boast trade surpluses, and not worry about criplingly costly military defense standung underneath our umbrella ella ella ella eh eh? /s/ Doh! Biden/sKamala cheerleaders
Apple says yo yo, wut up wut up? Apple To Hire 20,000 Workers As Part Of $500 Billion U.S. Investment
I'll bite. Tell me how anything you said has to do with tariffs? Ball is in your court. Prove me wrong with your vast understanding of tarrifs.
Canadian forests, fisheries, and hydropower aren't very portable. New England uses a lot of Canadian hydro, rural red hatters about to get to the FO part.
Some tarrif stupidity: #2 timber exporter in the world, right next door. Coincidentally, the Forest service has kicked out a scientist to lead it and replaced him with a forestry lobbyist, fired 3,400 Forest service employees, and passed an EO demanding we cut down more of our forests. Aluminum. Canada is #4 producer in the world at 3m tons/ year. China is far and away the largest (41m), followed by India who sells it all to China, and Russia. The US is right behind Iceland at 700k. Additionally, Canada is the only country making aluminum certified for our needs. Potash - the stuff you need for fertilizer. You know: food. Yep, you guessed it. Canada is the world leader (15m tons) and we get 90% of our potash from our once long time closest pals. Russia is #2 and China #4 so once again we just kneecap ourselves relative to our geopolitics enemies. Stupid doesn't even come close to what is going on here.
Remember when people who claimed to not like Trump but voted for him because he wouldn't raise their taxes? Well...assuming you consume anything, he just raised your taxes.
What else has he got. It’s difficult to defend the indefensible, so what they attempt to do is change the subject.
