Summary
Trump announced that 25% tariffs on imports from Canada and Mexico will take effect on February 1, though a decision on including oil remains pending.
He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.
Trump also hinted at new tariffs on China.
Canada and Mexico plan retaliatory measures while seeking to address U.S. concerns.
If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.
If oil is excluded the truly boss move on Canada & Mexico’s part would just be to introduce a 25% export premium on those products while the tariffs are in effect.
Exactly, clearly they’ll still pay for it if it’s important enough to exempt. In Canada’s case we could give Alberta the extra revenue just so they won’t get too cranky.
Canada’s boss move is to remove the intellectual property laws that the US asked for and let Canadian companies and consumers thrive again.
This would be beautiful. I remember when there were mod-chip stores beside internet cafes, where i could bring my xbox and pay to have a chip and a hard drive installed that let me copy any game i wanted from a rented disk or downloaded off the internet right onto the console. I still have that console and pulled it out during quarantine to make use of the huge library of games on the hard drive. Having this sort of freedom for all types of goods and electronics would be incredible, but i doubt it will ever happen.
This is a really good read. Thank you.
This makes no sense. If Canada could make a phone viable without any changes to tariffs, why wouldn’t it have already happened? Why would tariffs make that less likely to happen?
You may have misunderstood the article.
There’s a trade agreement that says no tarrifs in exchange for respecting IP which includes not breaking digital locks.
If the agreement is out then there’s nothing preventing Canada from allowing their citizens to circumvent restrictions against repairing their own tractors for example.
Do you honestly think that reducing the cost of fixing a tractor will reduce the cost of agricultural production by 25% across the board?
Probably not, but it could open up a whole new set of business possibilities for creative Canadians. As the article points out, building repair kits for cars & tractors to sell world wide or selling printer ink bypass kits or mandating in country app stores.
I’m no economist, but I don’t think this will offset the cost of the US tariffs to everyday Canadians, but it will steal profits from US companies who will cry to uncle trump that Canada’s stealing their lunch money. He may reconsider the tariffs.
If I had my way, Canada would also make a statement that US copyright works are not copywritable in Canada, so copy & distribute to the world. Worst case, Canadians get free US music, movies & software. Best case, concerned US companies establish a presence in Canada and pay taxes, bring jobs, etc.
As the article points out, building repair kits for cars & tractors to sell world wide or selling printer ink bypass kits or mandating in country app stores.
Canada deciding to not follow IP laws doesn’t mean the rest of the world no longer follows IP laws. These ideas would be for products that could only be sold in Canada and they’d have to compete with US products in the Canadian market. because under this proposal there would be no tariffs on US products.
This is one of those ideas that people in a single issue frame of mind come up with. Don’t like IP laws? Every single problem is an opportunity to get rid of IP laws and getting rid of IP laws will solve every problem.
Everyone so god damn snarky on Lemmy.
I don’t “honestly think” that. I don’t really have an opinion. I’m just explaining the article to you.
I dunno, maybe something to do with the possibility of millions of people in my country losing their jobs because some dumbass in the US is pushing an agenda has made me snarky towards people exploiting it as an opportunity to push their own bullshit agenda.
Keep going higher, i bet Canada imports more from US than exports.
A friend of mine works for an electric semi truck company. The vast majority of their parts are manufactured in Canada and Mexico; they’re just assembled in the US. His mom voted for Trump and really wants him to move back to Ohio so he can have space and be close to family. He wanted to go back, too, and had a transfer and promotion within the company set up before the election. Now there’s a company-wide freeze and his transfer is gone. The company’s internal financial projections are not good.
His mom refuses to recognize that she just voted for her son to stay in Seattle indefinitely, even though he wants to move back. She keeps thinking that any day now, the economy will be so booming that his company will be doing great. He can’t talk to her about it anymore.
Why the fuck would you want to go back to Ohio?
That state sucks balls.
I have been to Ohio exactly ONCE, and I can confirm that the state does in fact suck balls. It’s so fucking FLAT…
Ooh you missed out on Athens Ohio. Beautiful city in the mountains
I’d use the term mountains loosely when describing Athens, Ohio.
That said, it is pretty with some great natural rock formations at Hocking Hills.
Can confirm am leaving it to move to Seattle funnily enough
For real though, aspects of Ohio are awesome. Republicans ruined it though
Has the second best CoL/MedianSalary ratio in the US. Ironically, the only state I saw that was consistently better was Michigan.
Plus we have Hocking Hills, which pretty consistently showed up on r/earthporn. If you want flat, we’ve got flat. If you want hills and mountains, we’ve got Appalachia.
Yeah but any time the state does anything good by ballot initiative the state government does something regressive out of spite
Nice try Ohio
Lol
Not to mention roller coasters. Two of the largest thrill parks in the US.
Can’t say I disagree lol
Especially compared to Washington
Its Americans trying to buy food who will be hit with a 25% tarriff, not Mexico. And Mexican farmers wont see a dime of that revenue, if anything they will see a decline in revenue as people stop buying the products. It all goes to the US treasury.
Canada and Mexico are still part of that North American free trade agreement thing. We (Canada) will just get our food from Mexico and South America like we’ve always done. We’ll just skip America.
back in the first episode, lord diaper whined, and whined and shit on nafta, forcing it to be ‘renegotiated’ by him. he just had to have his name on everything.
nafta was a long time in the making, from reagan, to bush, to clinton when it finally went into effect. it had bipartisan support in congress, a little stronger from the right.
undone by a single shart from an orange moron that leaked, and then magically ‘fixed’ by the same…
in the end, what mr. art-of-the-fucking-deal managed to ‘negotiate’ is almost entirely the same as the nafta he hated so much.
now he’s shitting on his own fucking deal. fuck’m.
i fully support your efforts to avoid our products and companies for the next few years. and if anyone up there wants to come renovate the white house again… i won’t be in your way.
and if anyone up there wants to come renovate the white house again… i won’t be in your way.
🤣🤣🤣
Yeah, as a Canadian I’m down with strengthening our trade with Mexico.
I live in Texas, and it’s hard to overstate how much of our produce is imported from Mexico. This would be an almost immediate 25% price hike on food that basically can’t be grown at scale here because we don’t have Mexico’s climate. Surely he’d exempt food from whatever he’s about to do. Right…?
Will it benefit the average person? If the answer is yes, you can take it off the list.
Even if it benefits the rich, it would have to exponentially hurt the average American more for it to be considered. They’ve already turned their nose up at studies that have proven better working conditions, pay, and benefits would make them richer in the long run because it takes a little bit of control away from them. These people are sick, and the only thing that is going to correct it at this point is a violent uprising.
“surely he’d exempt X from…”
Exact same reflection as all the people who depend on migrant workers that voted for him only for the bubble to burst in their face.
it’s a 25% import tax paid by the importer. when their margins are added, and then the distributors’ on top of their higher costs, at each step of the distribution chain… it’ll be a fair bit more than ‘just’ +25% once product reaches the store shelves.
I expect food would be exempt as you don’t want an angry, hungry, volatile population. Bread and Circuses
Whatever he exempts is specifically what Canada and Mexico should target for export tarriffs in retaliation.
Yeah, like oil. When gas prices go up Trump’s base gets upset.
I could see that they try to get away with just Circus, tho.
Don’t worry, the leopards definitely aren’t going to eat your face!
You’re not applying that saying correctly my friend
Nah, EU likes them avocados and fruit too, especially in winter.
Looking forward to cheaper maple syrup!
“Fresh fruit in the wintertime, nothing is too good for my people”
I can’t wait for mainstream business media to attempt to explain this rationally while keeping a straight face AND still bootlicking at the same time.
I don’t envy that job.
Lol, do it, bitch. Bet you’ll chicken out of this one too.
Someone make this into that Gru meme:
- Slap a 25% tarrif on goods coming from your 3 biggest economic allies
- Economy will strengthen due to American consumers preferring American made alternatives
- There are no American made alternatives
- There are no American made alternatives
Here you go
lol thank you so much
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Great so now my food will cost even more?
WAY more. We import a lot of food from Mexico as is, and the immigration and ethnic clensing the Trump goverment is engaging in is already forcing farmers to watch their crops rot on the ground with no one to harvest them. So we’re following in the great tradition of Stalin and Pol Pot, we have a dumb fucking asshole with a hard on for ‘‘strong man tactics’’ demanding we change how we get food in many extreme ways immediately, you know, instead of gradual change, so we’ll all get to see what an artifical famine looks like! Do you think Trump will let other nations send us emergency rations so we won’t die? Or will he confiscate them at a dock or border and have them dumped into the ocean so he doesn’t look weak? North Korea knows.
We also export a hell of a lot of soybeans, so when retaliatory tariffs kick in I guess our new ultra-masculine conservative government is going to have us all eating lots and lots of soy.
He’ll take them for his friends and family ao they don’t have to buy food
And sell the surplus to his billionaire cabinet to be resold to the less than poor while the poors starve.
I can’t believe some people think that putting tariffs on a country means the country will just give the government 25% of everything and the merchants of that country are not just going to raise the prices to match the new expenses(or maybe even a little bit more since they have a good excuse to change prices).
I guess I can stand to eat a bit less, we can call it the economic collapse of the US diet! Just think of all the profits from the diet books! To bad they are going to cost 30% more now that my Mexican publisher is paying a tarrif to bring the books into the US. That’s OK, spending more money on the book just means that you won’t be able to afford as much food, making the diet work even better!
I can’t believe some people think that putting tariffs on a country means the country will just give the government 25% of everything and the merchants of that country are not just going to raise the prices to match the new expenses(or maybe even a little bit more since they have a good excuse to change prices)
I’m not sure anyone believes that. The point of tariffs is that merchants will have to increase prices to keep the same profit, causing people to purchase less of the product and look for cheaper alternatives (those without tariffs).
Yeah targeted tariffs only products where there’s a domestically produced alternative might do that. Putting tariffs on everything means people will just have to pay more for some things. Canada and Mexico will do the former, while the US is doing the later (much dumber) approach.
Anyway… this Canadian has just remembered a few more US based services to cancel. Not because of any price changes have happened yet but because apparently Americans have to learn the value of trade the hard way. Trade goes both ways, and that’s not going to happen as much now.
Lots of morons believe that and argues assuming that this is right.
Unfortunately, a lot of people are saying they think the county of origin pays the tariff and not the importer.
Just like the war on drugs, you’ll be able to buy black market tacos in alleys.
You aren’t already?
I’m morbidly fascinated to see how all of this shakes out.
Everyone on the left is saying it’s a terrible idea with very predictable and deleterious consequences.
Trump seems to think it’s as great as it sounds at face value - tax things that sound bad and get money.
Either way it will be a feature of economics text books for centuries to come.
Obviously I want to see Trump fail spectacularly, but it fucking sucks that would harm those of us who can least afford it.
If you went shopping last week and half value of your purchases originated in Canada or Mexico, then will the same purchases next week cost 12.5% more ? That’s pretty staggering inflation
i come from a tariff heavy country. you want a sneak peak? inflation. shit is gonna get more expensive. that’s it
No no no he is going to stop all taxes, pay off the national debt, bring manufacturing back to the US, and build a Nazi mars base for Elon.
pay off the national debt
As if
Obviously I want to see Trump fail spectacularly, but it fucking sucks that would harm those of us who can least afford it.
I thought that was the plan…
I love how old the orange asshole looks in the photos. Hopefully things just work out in our favor soon. It could be a permanent sleep or maybe a nice golf ball to the forehead or choked on a pretzel. I think we should probably place some …legal… Bets on how it all goes down? It shouldn’t that that long. I remember when my Grandma looked like that and we buried her a few months later.
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Yep, Vance is in a way more dangerous than Trump. Trump might throw wrenches in the fascists’ plans by either blurting them out proudly thinking it was his idea or by being too afraid of being unpopular (which he is obviously obsessed with) and taking back some of the changes due to public pressure. Vance on the other hand will be just a hand puppet for Putin and/or Musk.
Man have you seen him speak? I don’t know what concoction of drugs he is on or if he’s just showing his age but he’s definitely not the rager he was 5 years ago. Seems tired and much less coherant. Makes me optimistic he might be in mental decline more than I theorized previously. But if we go by the ‘asshole’ rule he’ll outlive most of the Senate just out of stubbornness and hatred. We definitely need a quick solution.
The thing is, I think that might be out of the frying pan and into the fryer at this point.
Vance is cooler under pressure in interviews and generally more coherent sounding. I think he does a far better job of saying ridiculous unreasonable things with a convincing tone of voice and demeanor than does Trump.
If Trump has one too many cheeseburgers tomorrow, then we’ve got young, clean-cut, smooth talking first-term President Vance to worry about, and I bet he won’t be threatened by the attention Musk gets as long he he gets his cut. (Hell, I’m not even sure having to take over for Trump in that circumstance would count as his first term.)
You’re right. I’m just wishful thinking.
Maybe just hemorrhoids. That would be lovely! … ESPN:And the president just got up again in another awkward gesture of disrespect! He seems in pain after all the points Bernie made…Trump:oh shit! Here comes the pain again! Fine fine! I’ll sign if we can all leave quickly!
Man look at Kissinger and the Bush Family.
If you’ve got a high enough body count you just live forever.
The Simpsons have not been wrong yet…
choked on a pretzel
I wonder how many people reading this remember that this actually happened to Bush the 2nd.
Those were the days. We all wished for that pretzel to have been a little bigger, a little dryer. But somehow it didn’t work out. But, it could happen again! Lightning can strike twice in the same spot. Or lightning can strike in two or more spots separately non-dependently.
Then you get to speedrun to a corporate theocracy with President Vance.
What an idiot he is.
Plot twist: Trump is just looking to see if the Americans can stand up for themselves. If they remain silent and do nothing, he will continue to tighten the screws.
P.S. Need to take out a loan for Trump passport at 146% APR, lol
I’m not sure what to do though. Pitchforks at city hall? mean letters to white house interns? Protests that the news wont cover? I live in one of the bluest states there is.
We certainly cant count on the Corporatist dems doing much of anything, except if there is any pushback they will try to use it as a photo op while contributing no support to it at all.
Pitchforks at city hall? mean letters to white house interns? Protests that the news wont cover?
I don’t promote violence though, and I understand what do you mean. I just said to people it as a fact that he acts like a typical narcissist will do, and it’s unhealthy. You may have done the best you could, don’t bother.
Stay strong.
May the American people enjoy the fruits of their voting and sitting on their asses.
It wouldn’t be so bad if we didn’t get fucked by proxy of America electing an old senile fascist.
I am Canadian and I will feel Trump’s presidency for a while
This massively violates the USMCA that he signed
He doesn’t give a fuck about anything. It’s so tiring that people assume that he is rational and he cares.
I’ll enjoy seeing the US go down.
We’re reaching the “find out” stage.
Mama didn’t love him, now he’s a grumpy old man with grievances.
