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

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I thought it was targetted but again in California its all items sold ate taxed and some at a higher rate.

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This massively violates the USMCA that he signed

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Even if they do, I expect that businesses won't drop their prices much. If the consumers have gotten used to it, it's free money for the business. Same with the supply chain issue pricing from COVID.

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You didn’t vote. So enjoy the collapse

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Video game consoles are sold at a loss on occasion because the marginal cost of game sales is extremely high. There's no associated product to pair with cement that would drive you to sell it at a loss.

My point was that yes, it will drive people to local businesses, because they will be cheaper. Local businesses have no reason to keep their prices the same if the competition just got more expensive however.

I'm glad you found my comment informative. I'd hate to think I was talking to someone who wanted to say their opinion and then got defensive if someone disagreed with them. It's a sign of someone with at least a wrinkle or two that they're open to discussing their thoughts.

For more insight from people even more knowledgeable than me:

https://www.businessinsider.com/what-are-tariffs
https://www.businessinsider.com/krugman-trump-tariffs-immigration-deportation-grocery-prices-wealth-taxes-policy-2025-1
https://paulkrugman.substack.com/p/the-end-of-north-america
https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/

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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.

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He doesn't give a fuck about anything. It's so tiring that people assume that he is rational and he cares.

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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

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Nowhere in my post did I say I didn't vote.

Were you responding to someone else maybe, or you just clownin'?

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Nowhere in my post did I even hint that I didn't vote.

Your vivid imagination can be put to better use than inventing reasons to heap smugness on internet strangers.

(Not enjoying the collapse BTW thx. )

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Tariffs only makes thing more expensive for everyone.

Let's say you import steel at X$/ton and it cost Y$ locally where X < Y. You add a tariff T to make the imported steel on par with local steel.

Local steel still is as expensive and any production that uses imported steel now cost more.

Nothing went down in price, only up.

Now, there is a discussion to be had about buying local, but the immediate effect is that things will cost more even if manufacturers switch to local steel because they pay more for the same quantity no matter what.

This is a simplified version of the situation, but it explains the issue.

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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.

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Lots of morons believe that and argues assuming that this is right.

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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.

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This assumes the local product wasn't already cost competitive. If they are close and you slap a tariff on the import that adds further incentive to pick local. Assuming local would capitalize on the added revenue via reinvestment/expansion, it would create jobs and more demand, may even make the product or services even more affordable.

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You mean the “amazing deal” that is 95% the same as NAFTA lmao

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Well the console example demonstrates long term payout strategies. Another example is in free to play games with microtransactions. You develop a game at a cost, you give it away for free, and you hope that it's good enough to hook people and get them to spend on "hats". It's a lot of money up front to make more later.

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Especially compared to Washington

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Seems like Trump is trying to get rid of the income tax. He can't just do that with an EO order though, congress has to do it.

He can do all these tariffs though, which will act as a quasi sales tax. And when everything starts to become more expensive, which will be blamed on something else, he will say he's not removing the tariffs and congress should just get rid of the income tax to help people. He will say, look we are making so much money off tariffs and we have reduced government jobs by so much, we don't need an income tax anymore anyways!

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Picking local versus imported has no effect whatsoever on the price of the transformed product.

Business will find the source of primary resources that is the cheapest for their needs. Best case scenario, local is what's used already and prices won't change.

Otherwise, the transformed product will cost more because either the businesses pay the new inflated price for imported resources or they switch to a local resources which is more expensive. Prices will raise no matter what.

Guess which one we'll see happening?

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