Trump says Canada and Mexico to be hit with 25% tariffs on Saturday

[someone@lemmy.ca]

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.

[prodajvodapavel@aggregatet.org]

He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.

Translation: "We're going to artificially increase the prices of our competitors' products so the American ruling class can profit off of giving Americans a worse deal."

[prodajvodapavel@aggregatet.org]

It's not just the media that loves tariffs.

Plenty of regular, stupid people have been convinced that a worse deal is better if they're making someone domestic richer instead of someone foreign.

The domestic aristocracy doesn't care about America, or else they would take a hit to their profits to provide Americans a better deal.

[prodajvodapavel@aggregatet.org]

but I’m sure it’s mostly just trying to destroy the the US’s relationship with it’s most important allies.

Close, but no cigar.

As usual, it's to make the American ruling class richer. That's all. Full-stop.

Let's stop distracting ourselves from it

[prodajvodapavel@aggregatet.org]

Thank you.

Finally someone rational who understands that tariffs are horrible for the working class.

[prodajvodapavel@aggregatet.org]

flimsy concept of an excuse to have the tariffs in the first place.

Gotta distract people while the ruling class robs them blind.

[wisely@feddit.org]

Yes and then it can be funneled into the pockets of the person who is calling for the tariffs.

[vividspecter@lemm.ee]

Plenty of regular, stupid people have been convinced that a worse deal is better if they’re making someone domestic richer instead of someone foreign.

No, regular people don't understand how tariffs work at all. They literally think that Canada, Mexico, and China are the ones that pay the tariffs.

[adarza@lemmy.ca]

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.

[adarza@lemmy.ca]

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.

[monstermonster@lemmy.world]

Take some time to watch this, then you should understand.

[ms_lane@lemmy.world]

Don't forget his little issue with TSMC holding a virtual monopoly on wafer fabrication.

Don't forget that's HIS FAULT.

GlobalFoundries had working 7nm, but they were a year late and-

• Intel's problems appeared to be over (they weren't)

• TSMC would have mass production of N7 up within months (they were already in risk production)

• Samsung's aggressive posturing and pricing for Samsung Fab would eat into their business, even though it was for a 10nm class product

• UMC would have 7nm up within 6 months (they stole TSMC IP and got clapped for it, no UMC 7nm)

• SMIC would also be up within a year (Also stolen TSMC IP, they can't sell it in the west but it's used extensively in China)

All those thing would make it hard to make a lot of money when they were a year late (though all of them turned out wrong except TSMC). SF parent company would have allowed all that to happen too, but then Trump started subsidising oil to put pressure on OPEC. ATIC no longer had their 'unlimited money' and GF had to get back in black, so 7nm was cancelled.

This left only TSMC and Poor Quality Samsung (Intel still doesn't really do third party fab work)

Thanks Trump for putting tariffs on for the mess you created.

[kecessa@sh.itjust.works]

"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.

[anamnesis@lemmy.world]

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.

[hansolo@lemm.ee]

Lol, do it, bitch. Bet you'll chicken out of this one too.