TemplarKormac
Political Atheist
I feel like collateral damage.
Are Tariffs A Good Idea?
- Thread starter SaxonJackson
- Start date
TemplarKormac
Political Atheist
Apparently, you didn't mind when Biden was steering the boat.
jc456
Diamond Member
- Dec 18, 2013
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Naw America is my country, but you’re right, it does suck it’s communist
jc456
Diamond Member
- Dec 18, 2013
- 150,145
- 34,374
- 2,180
Name something not
Admiral Rockwell Tory
Diamond Member
I meant out of Chicago! They are trying very hard to out-stupid LA and NYC and look likely to succeed.
Rigby5
Diamond Member
I am slightly ambivalent over tariffs myself, but you have to remember that when you import products, then that money leaving the country, makes the country a little bit poorer.
In theory it is almost treason to import goods.
Some cheap agricultural products like bananas or pineapples don't matter much.
But we really should not be importing things like Chinese solar products.
We need to produce locally instead.
jc456
Diamond Member
- Dec 18, 2013
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Yep. It’s a daily experience
The current Tariffs would make sense if they:
1. Are used as leverage in negotiations with countries for various reasons
2. Would actually help trade deficits by producing more goods in the U.S.
3. Raise enough tax revenue that could be used to offset the cost to the American people
For China - 1 - 2 - 3 could potentially work
Mexico - 1 - 2 -3 could also work (at least in some areas).
Canada, on the other hand, is a head-scratcher.
1- Maybe?
2 - Nope - there is barely a trade deficit with Canada to begin with. And there is a chance that the Canadian tariffs could actually end up hurting some of the US automotive business because of the automotive parts that are made in Canada that are exported to the US.
3- As of now - no. The amount of backlash from Canada because if these tariffs is unprecedented. They are ready to cut off power to major cities, stop the exportation of nickel to the US, among potentially putting a tariff on US goods and national movements to stop buying American goods. As of now, this one does not look promising.
Hopefully Trump did it to raise some eyebrows and will put partisan politics aside by negotiating a more realistic trade agreement with Canada, that makes sense for both countries, imo
1. Are used as leverage in negotiations with countries for various reasons
2. Would actually help trade deficits by producing more goods in the U.S.
3. Raise enough tax revenue that could be used to offset the cost to the American people
For China - 1 - 2 - 3 could potentially work
Mexico - 1 - 2 -3 could also work (at least in some areas).
Canada, on the other hand, is a head-scratcher.
1- Maybe?
2 - Nope - there is barely a trade deficit with Canada to begin with. And there is a chance that the Canadian tariffs could actually end up hurting some of the US automotive business because of the automotive parts that are made in Canada that are exported to the US.
3- As of now - no. The amount of backlash from Canada because if these tariffs is unprecedented. They are ready to cut off power to major cities, stop the exportation of nickel to the US, among potentially putting a tariff on US goods and national movements to stop buying American goods. As of now, this one does not look promising.
Hopefully Trump did it to raise some eyebrows and will put partisan politics aside by negotiating a more realistic trade agreement with Canada, that makes sense for both countries, imo
Last edited:
skews13
Diamond Member
- Mar 18, 2017
- 10,738
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Tariffs on $20.7 billion worth of goods will take effect immediately, while tariffs on the remaining $86.3 billion in U.S. products will begin in 21 days, Canadian Prime Minister Justin Trudeau said in a statement late Monday. They will remain until the U.S. trade action is withdrawn, he said.
“Because of the tariffs imposed by the U.S., Americans will pay more for groceries, gas and cars, and potentially lose thousands of jobs,” Trudeau said. “Tariffs will disrupt an incredibly successful trading relationship. They will violate the very trade agreement that was negotiated by President Trump in his last term.
The Dow Jones Industrial Average dropped about 800 points, or 1.8%. The S&P 500 fell 2.1% and was set for its worst day of the year. The tech-heavy Nasdaq Composite slid 3%, weighed down by a separate issue affecting Nvidia, which was already down more than 9%.
In Canada, meanwhile, retaliation against U.S. tariffs could also extend to its individual provinces. Ontario Premier Doug Ford told NBC’s “Meet the Press NOW” on Monday that Canada would “respond like they’ve never seen before.”
He said he was prepared to retaliate by cutting off the transmission of electricity from his province to the U.S. as well as shipments of nickel, which “will shut down manufacturing because 50% of the nickel you use is coming out of Ontario.”
apple.news
It’s Deja vu all over again. He may even beat Hoover this time.
“Because of the tariffs imposed by the U.S., Americans will pay more for groceries, gas and cars, and potentially lose thousands of jobs,” Trudeau said. “Tariffs will disrupt an incredibly successful trading relationship. They will violate the very trade agreement that was negotiated by President Trump in his last term.
The Dow Jones Industrial Average dropped about 800 points, or 1.8%. The S&P 500 fell 2.1% and was set for its worst day of the year. The tech-heavy Nasdaq Composite slid 3%, weighed down by a separate issue affecting Nvidia, which was already down more than 9%.
In Canada, meanwhile, retaliation against U.S. tariffs could also extend to its individual provinces. Ontario Premier Doug Ford told NBC’s “Meet the Press NOW” on Monday that Canada would “respond like they’ve never seen before.”
He said he was prepared to retaliate by cutting off the transmission of electricity from his province to the U.S. as well as shipments of nickel, which “will shut down manufacturing because 50% of the nickel you use is coming out of Ontario.”
Trade tensions heat up as China and Canada retaliate against U.S. tariffs — NBC News
China will impose additional tariffs of up to 15% on some U.S. goods, its government said, while Canada vowed tariffs of up to 25% after new U.S. tariffs on both countries took effect.
apple.news
It’s Deja vu all over again. He may even beat Hoover this time.
Gee, you think!? This is what democrats and the left were screaming at for months before the election. A blanket universal tariff is just dumb, dumber and dumbest. It should come as no surprise that Trump thought of it. Now we're going to get hit by tariffs from Mexico and Canada as well.
wamose
Diamond Member
The Biden economy that he left for Trump is like what we left the Japs in Hiroshima. There's going to be a lot of work rebuilding everything Democrats fucked up.
Greenbeard
Gold Member
I’ve never seen a president reverse a growing economy so quickly and so deliberately. Just bizarre.
skews13
Diamond Member
- Mar 18, 2017
- 10,738
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An economy racing toward an iceberg
On Monday, the Atlanta Fed revised downward its already pessimistic estimate of the US GDP's performance in Q1 2025. Last week, it predicted GDP would shrink by 1.5%. Today they said the number would be -2.8%. God only knows what they'll say next week, especially since on Monday, Trump committed to 25% tariffs on our two largest trading partners, Canada and Mexico.
This dismal prognosis is even more stark when contrasted to early optimism. At the end of January the Atlanta Fed said Q1 GDP growth could nudge +4.0%. I don't know what those Fed economists were smoking then. But they have obviously sobered up now. That’s what happens when you see awful in action.
Atlanta Fed says US economy will shrink 2.8% in Q1 2025: Trumponomics - what did you expect?
“A second marriage is a triumph of hope over experience” ― Samuel Johnson An economy racing toward an iceberg On Monday, the Atlanta Fed revised downward its already pessimistic estimate of the US GDP's performance in Q1 2025. Last week, it predicted...
www.dailykos.com
shockedcanadian
Diamond Member
- Aug 6, 2012
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I thought tariffs only hurt the country applying them?Tariffs on $20.7 billion worth of goods will take effect immediately, while tariffs on the remaining $86.3 billion in U.S. products will begin in 21 days, Canadian Prime Minister Justin Trudeau said in a statement late Monday. They will remain until the U.S. trade action is withdrawn, he said.
“Because of the tariffs imposed by the U.S., Americans will pay more for groceries, gas and cars, and potentially lose thousands of jobs,” Trudeau said. “Tariffs will disrupt an incredibly successful trading relationship. They will violate the very trade agreement that was negotiated by President Trump in his last term.
The Dow Jones Industrial Average dropped about 800 points, or 1.8%. The S&P 500 fell 2.1% and was set for its worst day of the year. The tech-heavy Nasdaq Composite slid 3%, weighed down by a separate issue affecting Nvidia, which was already down more than 9%.
In Canada, meanwhile, retaliation against U.S. tariffs could also extend to its individual provinces. Ontario Premier Doug Ford told NBC’s “Meet the Press NOW” on Monday that Canada would “respond like they’ve never seen before.”
He said he was prepared to retaliate by cutting off the transmission of electricity from his province to the U.S. as well as shipments of nickel, which “will shut down manufacturing because 50% of the nickel you use is coming out of Ontario.”
Trade tensions heat up as China and Canada retaliate against U.S. tariffs — NBC News
China will impose additional tariffs of up to 15% on some U.S. goods, its government said, while Canada vowed tariffs of up to 25% after new U.S. tariffs on both countries took effect.
It’s Deja vu all over again. He may even beat Hoover this time.
America has massive debt and many of their industries which employed the Middle Class have left the country, if anyone didn't suspect this reclamation campaign was going to happen at some point, with $36T+ debt also staring them in the face; well, those people should return their business degrees (if they have one).
JLW
Diamond Member
- Sep 16, 2012
- 16,475
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Complete bullshit. Your Orange messiah is doing all he can to ring down the country and the sytem that made this country great.
Last edited:
DonGlock26
Diamond Member
- Sep 15, 2024
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If tariffs are bad, why do so many nations impose them on US goods?
eagle1462010
Diamond Member
- May 17, 2013
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Canada Imports from United States - 2025 Data 2026 Forecast 1989-2023 Historical
277 Billion imported to Canada 2023.
25% 69 Billion Tariff.
277 Billion imported to Canada 2023.
25% 69 Billion Tariff.
Dr.Destructo
Diamond Member
- Jan 14, 2024
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Tariffs on $20.7 billion worth of goods will take effect immediately, while tariffs on the remaining $86.3 billion in U.S. products will begin in 21 days, Canadian Prime Minister Justin Trudeau said in a statement late Monday. They will remain until the U.S. trade action is withdrawn, he said.
“Because of the tariffs imposed by the U.S., Americans will pay more for groceries, gas and cars, and potentially lose thousands of jobs,” Trudeau said. “Tariffs will disrupt an incredibly successful trading relationship. They will violate the very trade agreement that was negotiated by President Trump in his last term.
The Dow Jones Industrial Average dropped about 800 points, or 1.8%. The S&P 500 fell 2.1% and was set for its worst day of the year. The tech-heavy Nasdaq Composite slid 3%, weighed down by a separate issue affecting Nvidia, which was already down more than 9%.
In Canada, meanwhile, retaliation against U.S. tariffs could also extend to its individual provinces. Ontario Premier Doug Ford told NBC’s “Meet the Press NOW” on Monday that Canada would “respond like they’ve never seen before.”
He said he was prepared to retaliate by cutting off the transmission of electricity from his province to the U.S. as well as shipments of nickel, which “will shut down manufacturing because 50% of the nickel you use is coming out of Ontario.”
Trade tensions heat up as China and Canada retaliate against U.S. tariffs — NBC News
China will impose additional tariffs of up to 15% on some U.S. goods, its government said, while Canada vowed tariffs of up to 25% after new U.S. tariffs on both countries took effect.
It’s Deja vu all over again. He may even beat Hoover this time.
/---/ Fear not American-hating libtards. In the event Trump backs down and removes the tariffs, Canada will keep their tariffs on imported US goods they have had for decades.Tariffs on $20.7 billion worth of goods will take effect immediately, while tariffs on the remaining $86.3 billion in U.S. products will begin in 21 days, Canadian Prime Minister Justin Trudeau said in a statement late Monday. They will remain until the U.S. trade action is withdrawn, he said.
“Because of the tariffs imposed by the U.S., Americans will pay more for groceries, gas and cars, and potentially lose thousands of jobs,” Trudeau said. “Tariffs will disrupt an incredibly successful trading relationship. They will violate the very trade agreement that was negotiated by President Trump in his last term.
The Dow Jones Industrial Average dropped about 800 points, or 1.8%. The S&P 500 fell 2.1% and was set for its worst day of the year. The tech-heavy Nasdaq Composite slid 3%, weighed down by a separate issue affecting Nvidia, which was already down more than 9%.
In Canada, meanwhile, retaliation against U.S. tariffs could also extend to its individual provinces. Ontario Premier Doug Ford told NBC’s “Meet the Press NOW” on Monday that Canada would “respond like they’ve never seen before.”
He said he was prepared to retaliate by cutting off the transmission of electricity from his province to the U.S. as well as shipments of nickel, which “will shut down manufacturing because 50% of the nickel you use is coming out of Ontario.”
Trade tensions heat up as China and Canada retaliate against U.S. tariffs — NBC News
China will impose additional tariffs of up to 15% on some U.S. goods, its government said, while Canada vowed tariffs of up to 25% after new U.S. tariffs on both countries took effect.
It’s Deja vu all over again. He may even beat Hoover this time.
Canada Imports from United States - 2025 Data 2026 Forecast 1989-2024 Historical
Canada Imports from United States was US$274.39 Billion during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from United States - data, historical chart and statistics - was last updated on April of 2025.
tradingeconomics.com
Greenbeard
Gold Member
FAFO.
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