With all necessary respect, I do not think you have seen my resume. In any event, you do not need to have a degree in economics to understand that broad import tariffs will have a positive effect on inflation.
Trump threatens to impose 100% tariffs on BRICS nations
- Thread starter mandrill
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With all due respect, I would bet nobody here is an economist. It’s a complex issue where it’s not simply import tariffs as the variable in the equation to determine probable inflation.
Now you are just deflecting. It is obvious to anybody that broad based import tariffs will increase inflation.
Are you disputing thàt?
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Trump...the great peacemaker, has declared war on the rest of the world. This will not end well.
What do you like about the idea of US low income taxpayers paying several thousands more $$$ in taxes under a tariff system, Richie?
Pwning the Libtards is fun for you, I realize. You spend almost every waking hour laughing to yourself about how Trump will kick Libtard ass. But what he's REALLY going to do is make low income Americans pay two or three times as much tax and his billionaire cronies pay almost nothing.
How about THAT for "pwning the Libtards"????!!!!...... Pretty great, huh?!
CAD/USD = $1.45
if the tariffs are 25% , you will need a CAD/USD = $1.93 exchange rate to offset the tariff impact , $0.51 USD/CAD if I did the math right.
This assumes no incremental cost burden on Canadians producers.
Incremental as in really mental tax burden that Mark Carney is planning for Canadian producers.
he will push business to relocate to the US ,
is whatever is wrong with Trudeau contagious and has subsequently infected Carneys brain?
sure , there will be an impact on US inflation, proportional to the value of CAD imports to the USD economy + any compounding effects
it should produce a bump in US CPI, however nothing the US could not withstand if it were only Canada
Canada / Mexico / China all at the same time might be problematic
inflation is kryptonite for incumbent politicians.
Politicians who need to get re-elected. Trump does not as he can only serve two terms.
so he may not care
Trump likely weighed the inflation risk off against getting deals done quickly (1- 1.5 years)
That may be why he is acting so aggressively right away
definitely very irresponsible to play high stakes poker with the peoples purchasing power in order to claim wins for his ego
if he gets deals done quickly it may work for him
you will see a much lager inflationary impact on Canadian CPI if the loonie goes to $ 0.51.
and Mark Carney wants to start printing Canadian money again
if the exchange rate starts to diminish the tariffs impact, Trump can easily bump tariffs to 35% or 40%....
Canada can not play dollar for dollar Tariff wars vs the US
The 25% was an arbitrary value that ensures economic pressure on the other side before the sit down & should induces the boarder/ defence changes he wants
I suspect he would go the full 4 years to get the boarder / defence changes , if needed.
US consumers will pay higher prices for purchases, not higher income taxes
and yes low income consumers will be hurt disproportionally, just like the carbon taxes
The liberals made their mess completely independent of Trump
There is nothing, absolutely zero that is Pretty great, huh? about the Liberal disaster
Forget the buy Canada campaign. Canada should implement a buy non USA goods. For now USA goods have the same status to me as Israeli goods. 2 genocidal superfriends.
Was The Mandrill upset when hundreds of thousands were let in by the Biden admin? Those illegal immigrants must have helped ease the predicament of the low income citizens of the US... yes I enjoy liberals getting owned because you're nothing but a bunch of whiny hypocrites. You act like the Biden administration did 'well" and have these notion that only a Democrat can fix the world.... Trump has fout years of either making America.great again or not... who the fuxk knows... the electorate has spoken...they wanted him...
All I'm seeing is Trump trying to force Mexico and Canada to fall in line..Trump saw Trudeau as a loose Cannon that uses virtue signaling and gas lighting a lot. That's why he trolled him into quitting thr party... if he sees Canada as an ally again...it could change his mind.
I see you still can't spell border. Trump claims about the border are bullshit. !% of the fentynal comes from Canada and 99% from Mexico, yet the tariffs are the same. Trump is just an asshole who wants to bully the world to appease his massive ego. Let's see, if he takes Greenland and Canada over, he's almost Julius Caesar! No time for diplomacy, allies, co-operative engagements..... just a big bully waving a big stick, while the rest of the world cringes. If you like that type of leadership, you are deeply disturbed. He's killing democracy in his own country and only the mega rich and connected will like the future the fuhrer has in store.
What if a Chinese product goes to Canada via Amazon? Is it subject to both Chinese and Canadian tariffs?
Probably if the seller is an American importer.
Generally most US sellers are not in Canada though.
yeah , I really should focus on the real important things in life, like spelling on a hooker review board
You have my blessing to get lost
.
if you had a clue you would have figured out it is Trudeaus response to the boarder issue that is the problem
This has been an issue that was raised by the Biden administration as well
But like always , acting responsibly is not aligned with his insanely stupid ideology i.e. open borders. ( BORDERS- Are you happy now? -blithering spelling police wanna be)
OK, sure if that makes you feel better.
Trudeau is just an asshole, who has bullied and failed Canadians to appease his massive ego.
the problem is our bully is exceptionally stupid and a perpetual failure.
This is Godzilla against Bambi , after Bambi had a lobotomy
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At least it's not a woody like the rightie's pop.
Facts vs fiction and I shall leave it at that. No need to see your babbling nonsense, thank you.
Measures to strengthen border security and Canada’s immigration system
Measures to strengthen border security and Canada’s immigration system
I don't see that as being evidence of a corrupt or biased judiciary though.
Even if the holder of the office of the president is a senile, corrupt, idiot grifter wacko, the office itself still requires respect. And if an order appears potentially well founded, the judiciary will attempt to make it work.
What I foresee happening with the current version of Trump's admin is that even this level of respect will quickly fade with the judges because Trump's EO's are such crazy, amateurish, potentially disastrous bullshit.
