Trump warns Canada, Mexico tariffs are coming on Saturday

[hellsbelle@sh.itjust.works]

The USMCA was signed by Trump in 2018 (revised version signed in 2019). Implementation didn't occure until 2020.

https://en.m.wikipedia.org/wiki/United_States–Mexico–Canada_Agreement

[flyingsquid@lemmy.world]

Sorry... what's the difference? Both are about how much of the oil the U.S. imports comes from Canada.

[chuck@lemmy.ca]

This is exactly what we need to be looking at, that and patents, DMCA.

I also hope we latch on to EU directives and force companies to have proper GDPR like requests

[chuck@lemmy.ca]

I lost track isn't Canada a reliable exporter of medical isotopes too?

[dead_or_alive@lemmy.world]

If Trump does raise tariffs across the board on Canada and Mexico we will have stagflation well within 6 months. There will be nothing the Fed can do to stop it as this is not market driven. There is no way they can even pretend wages can keep up with a sudden artificial 25% price increase.

[spacehooks@reddthat.com]

I actually thought he was going to declare usa bankrupt 1st time as a strategy. Now I realize if it happens it was not 5d chess.

[thomascrappersghost@feddit.uk]

As a non-USA person, I was under the impression he thinks it will punish foreign companies and bring jobs back to USA??

[floofloof@lemmy.ca]

Maybe I'm not reading it the way others would. I would have understood "The US imports 60% of its oil from Canada" to mean that 60% of the oil the USA consumes comes from Canada, not 60% of the oil the USA imports.

[anunusualrelic@lemmy.world]

Apparently he wants the US people to pay between 20 and 100% more for pretty much everything? At least that's my take on it.

[aceticon@lemmy.dbzer0.com]

I suggest the counter is to stop respecting Intellectual Property for anything registered in the US, not just US Copyright but also Patents and Trademarks.

The US doesn't actually make much and is hugely dependent on Intellectual Property to extract wealth from other people making stuff.

[hitmyspot@aussie.zone]

Wouldn’t it be funny if Canada and Mexico put an export tariff on that very same oil.

[bitchkat@lemmy.world]

Gotta keep those campaign promises. He was pretty clear that he was going to make inflation worse and raise federal taxes for 99% of us.

[bitchkat@lemmy.world]

He thinks tariffs are paid by the exporter. I'm not sure if he thinks this is the company exporting goods because I wouldn't be surprised if he thinks its paid by the government of the country the goods came from.

[bitchkat@lemmy.world]

Lower prices comes after the crash when the oligarchs can snatch up assets on the cheap.

[chip_rat@lemmy.world]

While it's impossible to know what this shit bag wants, I listened to an interview with some asshole from some conservative think tank and by the end my vibe was this:

America is big and strong. In the past America has played fair to the benefit of everyone. But now America wants to be the biggest and strongest, and everyone else needs to be subservient to the American Masters.

Basically America wants to be a bully by impose tariffs and not having the other countries return the favour. America wants every other country to bend over and take whatever tariffs America wants to impose without consequence

In this perfect world it would allow America to start building up their own companies, forcing consumers to buy American and drive demand for new manufacturing businesses.

Of course this all STILL falls apart with just a few basic questions like "if Canada does not impose counter tariffs (and even if they do) their economy will suffer greatly. Is it important for the USA to have economically healthy allies?" and "Why jack the prices so suddenly without allowing time and investing money in these new business that will be needed?"

[bitchkat@lemmy.world]

And I'm going to do my part by driving through Canada to get to Seattle this summer. Just going to skirt around those red states in between,

[thomascrappersghost@feddit.uk]

I assume it’s extreme narcissism that’s stopping people telling him how wrong he’s got it?

[bytemeister@lemmy.world]

Good news, my EV holds about 5 dollars of electricity in it. Doubling the price isn't going to be a huge deal. My partner's civic holds ~ 48 dollars worth of gas. Doubling that is going to be painful.

[cethin@lemmy.zip]

Yeah, good point. Electric is just always going to be cheaper. Still, it doesn't totally remove the effect of oil prices, which should be higher but not like this.

[fabledaepitaph@lemmy.world]

As an American, I also plan to buy as little American as I possibly can for the next 4 years. Corporate greed and bribery is what won the election, after all.