I think the Economy will be okay, despite Trump
- Thread starter PartyGirls
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You can glaze over my last post.
Even if we ignore geographic constraints that increase the cost of Canadian commodities,. a commodity-centric economy puts you into a category with Russia, Brazil and Saudi Arabia. I believe Australia which is fairly close to the Canadian economy currently in structure is not so happy with this role in the global economy especially as they relate to China.
Do I have to mention the Liberals have been foresaking your abundant fossil fuel reserves?
Some of your arguments are perfectly fine in isolation, but you have to pick a path and commit to it. Drill, baby, drill?? It seems to have a better ring than plant soy, baby, plant soy.
Yeah stop dwelling on stupid iPhone.
You want access to USA market!
Last Monday $100 billion dollars announce by TSMC on 5 chip manufacturering Plant. located in USA.
Honda announced
Exclusive: Honda to produce next Civic in Indiana, not Mexico, due to US tariffs,
You cannot argue about result just been announced! More manufacturers will built in USA. It does not take an economic degree to argue
see proven results!!!
PS. President Trump also wants bring back any shipbuilding, to usa. Again you want access to USA a market then tariffs will be us as a financial tools to force manufacturer to come home. Look the Big three automobile eg: Ford, GM, will start to move some car plants back to USA.
announcement, announcement... remember Foxcon back in first Trump mandate?? I bet you TSMC and Honda won't go ahead.. They are just buying time.
we have one thing for the future. Allies.
the US is currently pissing off all its allies and kissing the communist.
And Alberta is stuck subsidizing the Quebecois.
In five years, it will be another story.
Canada's oil pipelines to the U.S. slowed within hours of Trump's tariffs, data show
Wood Mackenzie cites real-time data monitoring 90% of the oil capacity crossing the Canada-U.S. border.
ca.finance.yahoo.com
yes in 5 years you will be on the ground because the idiot that bankrupted 3 casinos will bring you there or you will have gotten rid of that idiot and be back on track...
The current state of affairs under Trump’s tariff policies carries profound and long-lasting consequences for both the global economy and the American public. These economic disruptions will not be brief. They will ripple across industries, markets, and everyday lives. As the world endures financial strain, so too will American citizens.
At the very least, the United States can expect rising inflation and slower economic growth. However, the reality may be far worse. A prolonged period of economic downturn is likely, potentially escalating from a recession into a full-scale depression. The severity of this crisis will depend largely on Trump’s willingness to relent, but his track record suggests an unwavering stubbornness that prioritizes his own interests above both the well-being of the global economy and that of his own citizens.
Nations will likely be forced to unite in response, strategically countering Trump’s economic aggression with measures designed to weaken his leverage. Just as he seeks to impose economic hardship on the world, the world may find it necessary to respond in kind, pressuring him into submission.
Domestically, the greatest catalyst for change will likely be the American business sector and labor market. If unemployment surges and businesses begin to close at alarming rates, public pressure may mount to an extent that even Trump cannot ignore. Ultimately, the question is not whether these tariffs will cause harm, but rather how severe and prolonged that harm will be before Trump removes his tariffs? Trump being a psychopath will probably double down before he gives up.
At the very least, the United States can expect rising inflation and slower economic growth. However, the reality may be far worse. A prolonged period of economic downturn is likely, potentially escalating from a recession into a full-scale depression. The severity of this crisis will depend largely on Trump’s willingness to relent, but his track record suggests an unwavering stubbornness that prioritizes his own interests above both the well-being of the global economy and that of his own citizens.
Nations will likely be forced to unite in response, strategically countering Trump’s economic aggression with measures designed to weaken his leverage. Just as he seeks to impose economic hardship on the world, the world may find it necessary to respond in kind, pressuring him into submission.
Domestically, the greatest catalyst for change will likely be the American business sector and labor market. If unemployment surges and businesses begin to close at alarming rates, public pressure may mount to an extent that even Trump cannot ignore. Ultimately, the question is not whether these tariffs will cause harm, but rather how severe and prolonged that harm will be before Trump removes his tariffs? Trump being a psychopath will probably double down before he gives up.
Squeeze, I must ask you for the last time to articulate your opinions and stop trying to find the limit on what the mods will tolerate in the way of trolling.
Canada's oil pipelines to the U.S. slowed within hours of Trump's tariffs, data show
Wood Mackenzie cites real-time data monitoring 90% of the oil capacity crossing the Canada-U.S. border.
In response to Canadian oil to the U.S. slowing down, I'm not sure the U.S. really depends on Canadian oil. I'm just being honest. I guess from your post you think it does.
You consider supplying you with a link from a reliable source referring to oil coming from Canada as trolling? Ok, sure, whatever.
How about this tidbit, is it trolling??
Watch MAGA Host Realize Trump is Causing ECONOMIC SPIRAL!
Canada is the largest supplier of crude oil to the United States, accounting for approximately 60% of total U.S. crude oil imports. If Canadian oil exports to the U.S. were to be completely cut off, the American economy would face severe disruptions, with widespread consequences for energy prices, inflation, and industrial operations.
The sudden loss of Canadian oil would trigger an immediate supply shock, forcing the U.S. to seek alternative sources to fill the gap. This would result in a sharp increase in crude oil prices, as demand for replacement supplies surges. The impact would be felt across multiple sectors, with gasoline, diesel, and jet fuel prices skyrocketing. Higher transportation costs would ripple through the economy, raising expenses for businesses and increasing the cost of goods and services for consumers. Inflationary pressures would intensify, placing further strain on household budgets and slowing economic growth.
Additionally, many U.S. refineries, particularly in the Midwest and Gulf Coast, are specifically designed to process heavy crude oil, such as what Canada produces. Replacing Canadian crude with alternative sources, such as Middle Eastern or South American oil, would require significant modifications to refinery infrastructure, which would take time and involve substantial costs.
While the United States is a major oil producer, domestic production alone would not be able to compensate for the immediate loss of Canadian imports. The U.S. would be forced to increase reliance on foreign suppliers, many of which have higher production costs and less stable geopolitical relationships. This would not only raise energy costs but also weaken U.S. energy security, making the country more vulnerable to supply disruptions and price volatility.
Ultimately, Canadian oil is not only the most abundant and reliable source for the U.S., but also the cheapest. No other country can supply oil to the United States at the same scale and affordability as Canada. The loss of this critical supply would create long-term economic challenges, driving up costs for consumers, businesses, and industries that depend on stable, affordable energy. A complete halt of Canadian oil to the U.S. would hurt the economy, causing supply disruptions, higher fuel prices, and potential inflationary pressures. While the U.S. could eventually adapt, the short-term impact would be significant and painful for businesses and consumers.
Donny is threatening Canada with a red hot heated fire place poker. If Trudeau were to cut off all oil export to the USA the country will grind to a halt. This would be a dare for Donny to push that red hot poker up his own arse. If Mexico were to join in on the oil embargo Donny would be screaming in the dark.
Canada's Trudeau humiliates 'cowardly' Trump who backs down on tariffs. Again
I seem to recall Trump hyping up a big FoxConn plant that was going to be built in Wisconsin. Whatever happened to that? That was back in 2018. The point I'm making is that while some manufacturers might still re-shore some jobs, it takes YEARS. Which means Trump will either back down from his tariffs (which he has flip flopped several times already) or he'll be removed from power and/or die.
The other thing to consider is that your so-called "short term pain" is actually going to be a deep and painful recession. The market doesn't like uncertainty, and people have already lost billions (at least on paper) from their retirement accounts. Meanwhile, the cost of living is going to surge due to the tariffs, deportation of farm workers/cheap labour and of course pesky little things like avian flu which Trump and RFK are ignoring...despite the price of a dozen eggs hitting nearly $30....
So....the stable genius is tanking the US economy on purpose. Fun.
On a certain level, I think Canada might survive this tariff war fairly well. Are we going to feel pain? Yes. We're going to see job loss and likely a recession. However, the weakness in the Canadian dollar will help offset the expense of importing Canadian goods. Not saying this is a great thing, but in this situation, it could help mitigate some of the pain.
Anecdotally, a friend who manages a bar was talking to a couple of US businessmen (I believe from Tennessee) saying they were looking in the GTA for manufacturing facilities. He asked them, why come up here now with the tariff talk? They say that it is still economically viable despite the tariffs.
Anecdotally, a friend who manages a bar was talking to a couple of US businessmen (I believe from Tennessee) saying they were looking in the GTA for manufacturing facilities. He asked them, why come up here now with the tariff talk? They say that it is still economically viable despite the tariffs.
These clips show how ignorant or false all the US claims. Lutnick lies like a rug. First, the ISM poll is done on a month by month bases. You can try to blame the "Biden economy," which will likely be bought by the MAGA cult (including members on this board), but that is total bullshit...And, Lutnick is a former CEO of Cantor Fitzgerald....He should know how this economic stuff works...But again, he lies about how tariffs work....It really is strange, but you know the rubes in MAGA need to be reassured...
Finally, the whole thing about fentanyl and Canada....it is so dumb. I do not deny that illegal drugs come into the US from Canada, because they most certainly do. But, judging by the number of seizures....it doesn't seem like a huge number from Canada (I mean, it was less that 50 pounds last year). And, we're not a narco state. But, if Trump uses this as his justification for the tariffs....we all know its just bullshit and an attempt to annex us by weakening or destroying our economy....
