Us Imposes Tariffs

[Untitled]

of 25% against goods imported from canada and mexico and a further 10% against china

https://www.reuters.com/business/trump-readies-order-steep-tariffs-goods-mexico-canada-china-2025-02-01/

this violates the trade agreement struck between canada mexico and the USA in 2018. china has accused the USA of breaching WTO rules and canada has reciprocated with tariffs against american goods. mexico looks likely to do the same..
 

what on earth is the point of this? who benefits from a trade war between these countries? 

[Canary42]

The richest country bullies the others - but as the balance is changing, they will live to regret it.

[Peter Pedant]

hi unittled !

are we joined at the hip ? I am with you  on this - There is the usual gormless mirror thread on this from TTT

Even in the thirties ( Britih=sh) Empire preference - didnt work.

Free trade has been around since at least the 1840s

I  note also that since China is very strong and may really object - their tariff is less. - Poor old Trudeau was almost in tears - when he said - "they have just done this!" - and then when he continued in French the Beeb cut heem orf

[Peter Pedant]

less transaction and more ( Trudeau) we are getting the crap kicked out of us for nothnig we have done at all

[Untitled]

the US has also promised to imposee a 100% tariff on semiconductors from Taiwan while also ending subsidies to promote their manufacture in the USA

so this vital technology would be simultaneously more expensive to import and also receive less support to manufacture in the US. it's incoherent. it's like a policy designed to damage the country's economy

[Untitled]

i didn't realise ttt's thread was about tariffs... at a glance it seemed to be about the EU. i did not read it first. 

[Peter Pedant]

the two are connected - o great other one ( untittled ) joined at the hip

tariff ( increase) has led to Starmer seeking better  trade deals. OK it was a logical jump I made wh hem hem no one on AB cd follow - - scoozi etc 

[sp1814]

Trump 100% doesn't understand how tarrifs work.

I didn't myself until I saw some articles last week. I hope the orange fool does some reading...

 

...or at the very least, I hope someone explains it to him with cartoons and glove puppets.

[Untitled]

yes it's my fault for not reading it peter

i suppose we could say that this thread is about the introduction of tariffs whereas ttt's thread is about what the uk government should do about it. seems a reasonable compromise!

[Peter Pedant]

I didn't myself until I saw some articles last week. I hope the orange fool does some reading..

any refs

I  am at a lose end, and will read them if you post them

[Old_Geezer]

If someone bullies, bully back. Raise tarrifs on their goods by 5% more than they imposed on you. Make sure you have deals elsewhere in the meantime to cover the drop in trade. Claim you are doing it to make your country great again. Watch who blinks first (probably the next president in five years time).

[ynnafymmi]

At least the Yanks can vote Trump out.Any chance of the Chinese people voting that old bastrad Xi out of office?

[Old_Geezer]

No. But he'll be overthrown at some stage, most likely replaced by someone much the same but with a different group of supporters.

[Pegasus16]

16:37 Sun 02nd Feb - '

Trump 100% doesn't understand how tarrifs work. I didn't myself until I saw some articles last week'.

This has got to be one of the funniest things I have read this year!

'I hope the orange fool does some reading...' Did you ever refer to Obama as a black this and that?

[fripfrip]

Well said Pegasus 16,i think most people know the SP on SP1814.

[sandyRoe]

But isn't Trump's orange colour painted on, an affectation?

Same can't be said of Obama.

[Hymie]

Both Canada and Mexico have announced retaliatory tariffs, specifically aimed at hurting America’s red-neck States – even more reason for the fools to regret voting for this idiot.

 

 

&t=28s

[Hymie]

I prefer Stephanie Clifford’s (aka Stormy Daniels) term for Trump:_

The Orange Turd.

[Untitled]

things are going to get quite costly for ordinary americans... canada and mexico account for an absolutely huge proportion of american oil imports. and that's before you start thinking about raw materials, food, consumer goods, computers, timber etc. 

all those things are about to get much more expensive. any US businesses which rely strongly on those markets will also lose revenue. 
 

this will cause a huge amount of completely pointless and unnecessary harm both inside the USA and outside. i hope the idiots who voted for this are proud of themselves. 

[ToraToraTora]

I like a lot of what Trump is doing but I think you are right about this. Won't help anyone.

[Togo]

When Canada stops letting the Mexican drug cartels manufacture fenatyl and sending it South the tariffs will be lifted. Couple of points. The US does not need to imports gas or oil. When the Biden policies are negated and production is resumed the Us can be net exporters. Secondly the oil exported from Canada is mainly from Alberta. In Canada the resources are owned by the provinces not the state   ...   ie Alberta owns the oil and is not going to relinquish the income because other provinces are harbouring and abetting drug cartels. Read the essay by Elizabeth Nickson about Canada being a failed State( she is Canadian and smart) and wise up instead of getting emotional. 

ps the new Canadian PM in waiting, Pierre Poilievre, is an Albertan.