Trump will impose 25% Tariffs on Canada on March 4

[JohnLarue]

So I agree with a lot of Trump's policies, but his tariffs are just plain stupid.
This is going to backfire on him.

In Europe people are already boycotting Tesla cars: https://www.msn.com/en-us/money/general/ar-AA1zIQX9

Same thing will happen with US automobiles like Ford, GM, Chevrolet, Dodge....etc in Canada and Mexico if Trump follows through on the tariffs.
People will simply stop buying American cars, and buy European and Japanese cars instead

actually

In 2023, the United States exported $65.3 billion worth of cars, making it the fourth largest exporter in the world. .
In 2023, the United States imported $208 billion worth of cars. The top sources of imports were Mexico, Japan, Canada, South Korea, and Germany.

so if he tariffs auto imports 25% he could increase the US manufactures volumes
he may not care if Honda sells cars in the US if Honda make them in the US

A 25% upcharge on the price of a new vehicle is a huge premium to pay for boycotting

even ex Tariffs he is going to cut corporate taxes so the auto makers will be incentivized to move operations into the states
especially if Carney is somehow elected and shifts the consumer carbon tax onto companies in Canada as he has promised
Canada instead needs to reduce the corporate tax burden or watch our manufacturing sector shrink , which will be devastating for debt ridden Ontario

 

[Phil C. McNasty]

HEY, did you ask permission to dip your toe on the left side of politics?? Did you even wash your toe before dipping it on our side of the fence? You for now will not be asked to apply for your green card. Good job Phil. How does it feel to have a woke toe?

Not so fast though.

If Trump succesfully gets concessions from Trudeau and then cancels the tariffs, it will have been a master stroke.
Canada becoming 51st State would be a huge win for Trump

 

[WyattEarp]

HEY, did you ask permission to dip your toe on the left side of politics?? Did you even wash your toe before dipping it on our side of the fence? You for now will not be asked to apply for your green card. Good job Phil. How does it feel to have a woke toe?

Tariffs in this era defy a convenient left/right dichotomy.
The traditional parties of the left were more aligned with working class interests.
The Democratic party of the not so distant past favored tariffs.

 

[WyattEarp]

The govt basically has a standardized tax subsidy package. The city will help facilitate road closures and other filming permits, or the Province.

They don't have to worry much over hiring. We are considered to have superior crews, extras, bit actors, and available rental equipment and side services.

That's not what I was getting at. You just mentioned a bunch of things that make negotiating incentives and attracting TV/film production more involved. Not to mention, Canada's package in many instances must compete with various State film commissions. No one is saying you don't have excellent people in the TV/film industry. However, the purpose of film commission is to generate local spending and hiring.

Backing it up a bit, you really don't need your leaders going to Europe to discuss importing your commodities. It's a nice photo-op. The trade equation of commodities is relatively straightforward.

 

[Skoob]

We didn't raise these issues because they didn't raise them either. Both sides worked together. Trump is now hurting that cross border cooperation.

This has nothing to do with border security. It's a distraction. And just plain stupid policy.

If it's a distraction then why have they been catching more things now that they've invested in making it more secure?

 

[squeezer]

Not so fast though.

If Trump succesfully gets concessions from Trudeau and then cancels the tariffs, it will have been a master stroke.
Canada becoming 51st State would be a huge win for Trump

What concessions? He hasn't said what he wants. It was about the border, bullshit nonsense but that was his claim. He claimed US banks aren't allowed to do business in Canada, more nonsense and bullshit from the conman/felon. What does he want Phil besides making Canada the 51st state. How do you feel about becoming the 51st state?

Tariffs in this era defy a convenient left/right dichotomy.
The traditional parties of the left were more aligned with working class interests.
The Democratic party of the not so distant past favored tariffs.

A little reading is good for the soul Wyatt.

https://scholar.smu.edu/cgi/viewcontent.cgi?article=1795&context=lbra

 

[Skoob]

First off, please becareful with the name calling. I would want you to have to rebrand like Jimi did.

Trump is the ultimate 3 ring circus and you should move there and join it. Apply for your green card, we do not need folks who side with felon leaders who want to destroy Canada.

I will say it again, I've never been better. I did fantastic under Harper, I grew more assets under Justin and I will grow again under whatever goverment we get next because unlike you, I don't cry like a baby and make up nonsense and bullshit on a daily basis. I live in reality and adapt accordingly.

You've been crying like a baby and offering your biased predictions for the past year or longer. It became worse when he won.
You're not well.

 

[DesRicardo]

Better question is what will Canada look like a year from now?
The US can recover from the short term pain and be self-sufficient eventually...Canada can't.

Canada will recover. We're not the ones putting up trade barriers all over the world.
Not sure how America recover sshort-term from a shortage of steel, potash, electricity, oil, lumber and basically everything you can image that can be made in China, But if you say so.

 

[WyattEarp]

I will say it again, I've never been better. I did fantastic under Harper, I grew more assets under Justin and I will grow again under whatever goverment we get next because unlike you, I don't cry like a baby and make up nonsense and bullshit on a daily basis. I live in reality and adapt accordingly.

Even if your net worth has been doing fantastic under various governments, there are a lot of things to consider that would be easy to forget. How much of your equity holdings derive their profits in the U.S. and elsewhere. Inflation also makes people with assets feel better off, but often their assets underperformed relative to other asset classes.

 

[Skoob]

So I agree with a lot of Trump's policies, but his tariffs are just plain stupid.
This is going to backfire on him.

In Europe people are already boycotting Tesla cars: https://www.msn.com/en-us/money/general/ar-AA1zIQX9

Same thing will happen with US automobiles like Ford, GM, Chevrolet, Dodge....etc in Canada and Mexico if Trump follows through on the tariffs.
People will simply stop buying American cars, and buy European and Japanese cars instead

The question is who will out-last the US after all these tariffs are imposed? It's a long game strategy.

 

[Phil C. McNasty]

actually

In 2023, the United States exported $65.3 billion worth of cars, making it the fourth largest exporter in the world. .
In 2023, the United States imported $208 billion worth of cars. The top sources of imports were Mexico, Japan, Canada, South Korea, and Germany.

so if he tariffs auto imports 25% he could increase the US manufactures volumes
he may not care if Honda sells cars in the US if Honda make them in the US

A 25% upcharge on the price of a new vehicle is a huge premium to pay for boycotting

even ex Tariffs he is going to cut corporate taxes so the auto makers will be incentivized to move operations into the states
especially if Carney is somehow elected and shifts the consumer carbon tax onto companies in Canada as he has promised
Canada instead needs to reduce the corporate tax burden or watch our manufacturing sector shrink , which will be devastating for debt ridden Ontario

But you cannot just move operations into the US overnight. That takes time.
I read somewhere it takes minimum 2 years to move one factory over to another location, and make it operationally.
In the meantime the US could fall into a recession

 

[Skoob]

Canada will recover. We're not the ones putting up trade barriers all over the world.
Not sure how America recover sshort-term from a shortage of steel, potash, electricity, oil, lumber and basically everything you can image that can be made in China, But if you say so.

The US has far greater potential to become self-sufficient than Canada does and far more influence globally.
They are even more resourceful than Russia.
Why did I mention Russia?
The West has imposed significant sanctions on Russia for a couple years now. What impact has it had? Nothing.

What impact do you think tariffs will have on the US in the long term?

 

[Phil C. McNasty]

What concessions? He hasn't said what he wants. It was about the border, bullshit nonsense but that was his claim. He claimed US banks aren't allowed to do business in Canada, more nonsense and bullshit from the conman/felon. What does he want Phil besides making Canada the 51st state. How do you feel about becoming the 51st state?

If Canada can strike a deal where we have a North-American Union just like they have in the EU then I feel really good about that.

Here's how it might work:

- Canada, the US, and Mexico become one Union.
- All 3 countries share the same currency.
- All 3 countries would still keep their name and their same government system.
- People of all 3 countries can work in all 3 countries, but they can only vote in their own country.
- Canada would keep its healthcare system and gun control laws.
- We could get rid of customs, or we could keep them (some EU countries still have border control).
- All 3 countries would keep their legal systems (for example, no death penalty or overly harsh sentences).

Read my thread: https://terb.cc/xenforo/threads/the-north-american-union.872724/

 

[squeezer]

If Canada can strike a deal where we have a North-American Union just like they have in the EU then I feel really good about that.

Here's how it might work:

- Canada, the US, and Mexico become one Union.
- All 3 countries share the same currency.
- All 3 countries would still keep their name and their same government system.
- People of all 3 countries can work in all 3 countries, but they can only vote in their own country.
- Canada would keep its healthcare system and gun control laws.
- We could get rid of customs, or we could keep them (some EU countries still have border control).
- All 3 countries would keep their legal systems (for example, no death penalty or overly harsh sentences).

Read my thread: https://terb.cc/xenforo/threads/the-north-american-union.872724/

Impossible when you have a Trump administration that doesn't honor contracts. You've been listening and eating up O'leary's nonsensicle dream. Trump and his pirates are after Canada's water and minerals, they would not honor any union that would not give the Whitehouse control of these assets.

 

[Frankfooter]

Tariffs for Mexico and Canada but fortunately trump can call his pal, Putin to supply the US with tariff free aluminum.

https://twitter.com/i/web/status/1894181575023104376

 

[WyattEarp]

A little reading is good for the soul Wyatt.

https://scholar.smu.edu/cgi/viewcontent.cgi?article=1795&context=lbra

Here's some reading for you squeeze.

This is straight from the UAW website. The same UAW that endorsed Harris, Biden, Clinton and Obama for President.

The UAW supports aggressive tariff action to protect American manufacturing jobs as a good first step to undoing decades of anti-worker trade policy. We do not support using factory workers as pawns in a fight over immigration or drug policy. We are willing to support the Trump Administration’s use of tariffs to stop plant closures and curb the power of corporations that pit US workers against workers in other countries. But so far, Trump’s anti-worker policy at home, including dissolving collective bargaining agreements and gutting the National Labor Relations Board, leaves American workers facing worsening wages and working conditions even while the administration takes aggressive tariff action.

If Trump is serious about bringing back good blue-collar jobs destroyed by NAFTA, the USMCA, and the WTO, he should go a step further and immediately seek to renegotiate our broken trade deals. The national emergency we face is not about drugs or immigration, but about a working class that has fallen behind for generations while corporate America exploits workers abroad and consumers at home for massive Wall Street paydays. We need to stop plant closures, bring back American jobs, and stop the global race to the bottom immediately. Any tariff action must be followed with a renegotiation of the USMCA, and a full review of the corporate trade regime that has devastated the American and global working class.

As I was saying, tariffs don't fit conveniently into the left/right dichotomy. You can still hate Trump. You can still disagree with his treatment of Canada. However, I wouldn't try to label tariff policy with a broad political brush.

 

[Phil C. McNasty]

Impossible when you have a Trump administration that doesn't honor contracts. You've been listening and eating up O'leary's nonsensicle dream. Trump and his pirates are after Canada's water and minerals, they would not honor any union that would not give the Whitehouse control of these assets

We wouldn't have to give him control of our natural resources.

A 50/50 resource sharing deal might work

 

[WyattEarp]

If Canada can strike a deal where we have a North-American Union just like they have in the EU then I feel really good about that.

Here's how it might work:

- Canada, the US, and Mexico become one Union.
- All 3 countries share the same currency.
- All 3 countries would still keep their name and their same government system.
- People of all 3 countries can work in all 3 countries, but they can only vote in their own country.
- Canada would keep its healthcare system and gun control laws.
- We could get rid of customs, or we could keep them (some EU countries still have border control).
- All 3 countries would keep their legal systems (for example, no death penalty or overly harsh sentences).

Read my thread: https://terb.cc/xenforo/threads/the-north-american-union.872724/

I certainly think the U.S. and Canada should be able to have a truly free trade zone. Sovereign currencies actually have some advantages. Canada can have higher taxes relative than many U.S. States but the currency can fluctuate to attract capital and business activity. Dovetailing an earlier discussion, I'm sure the Canadian film commissions see more interest with a 69-70 cent CAD.'

Mexico would be a tougher nut to crack. There's of course the cartels. I also don't think the overall rule of law is as strong as the U.S. and Canada.

You're on the right track though. I think some economists and political scientists have called for the world dividing into regional trade pacts with North America an obvious one.

 

[WyattEarp]

Justin is a post nationalist...Canada has never been his priority.

Post-nationalism is a great way to describe Trudeau's philosophy. It also helps to explain some political phenomena in the West the last few decades.

 

[DesRicardo]

The US has far greater potential to become self-sufficient than Canada does and far more influence globally.
They are even more resourceful than Russia.
Why did I mention Russia?
The West has imposed significant sanctions on Russia for a couple years now. What impact has it had? Nothing.

What impact do you think tariffs will have on the US in the long term?

Hilarious
You can't find cost advantages being self-sufficient. Taxing imports makes products more expensive. And counter tariffs shrinks production.
Cost of production will be going up dramatically. This is a recipe for inflation on steroid.
You shouldn't have mentioned Russia. Why? Because China helped keep them running during the trade sanctions.

Long term Trump will be gone. Everything goes back to the way it was. Nobody thinks this is a good idea except die-hard MAGA loyalists.