Canadian Tariff situation gets its own thread
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I can’t believe the GOP is letting this guy set fire to the economy. Pure incompetence.
Let’s watch those BYD cars from
China start getting some serious share around the world. (I think they cost as low as $13k and the new ones charge in 5 mins). Canada currently has a 100% tariff on them (following the US’s lead)Put aside all other topics. I can’t think of anything Harris would have done that’s even in the same universe as how stupid this is. And she’s incompetent too.
@xenon said in Canadian Tariff situation gets its own thread:
I can’t believe the GOP is letting this guy set fire to the economy. Pure incompetence.
It really is remarkable. I wonder if the history books will remember this time for how the branches of government were tested in the scenario of: what would happen if the legislative majority was so scared to "check/balance" the executive branch out of fear of not being re-elected due to a loyalty-hungry President's wrath.
Maybe the 2026 mid-terms will be a massive wake-up call similar to the 2018 blue wave (representatives and governorships).
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@89th said in Canadian Tariff situation gets its own thread:
That’s a little misleading. You also have to remember that not all oil is created equally. Most of our own refineries are set up to process “heavy” and “sour” crude oil, while most of the oil drilled in the US is lighter and sweeter. That’s a big part of the reason why we import so much oil even though we produce even more. The type we produce isn’t the type we are set up to process.
@LuFins-Dad said in Canadian Tariff situation gets its own thread:
@89th said in Canadian Tariff situation gets its own thread:
That’s a little misleading. You also have to remember that not all oil is created equally. Most of our own refineries are set up to process “heavy” and “sour” crude oil, while most of the oil drilled in the US is lighter and sweeter. That’s a big part of the reason why we import so much oil even though we produce even more. The type we produce isn’t the type we are set up to process.
Anchor is up. Quality is said to be very good.
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Advance summer flight bookings from Canada are down 70%.
https://www.axios.com/2025/03/31/canada-us-travel
Matt Yglesias jokes: For us to all have glorious futures doing labor-intensive manufacturing work once the sock factories are repatriated from Cambodia, people are first going to need to lose service sector jobs in hotels and such so the reduced tourism is good.
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He's a chronic narcissist, cut him some slack.
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@Renauda said in Canadian Tariff situation gets its own thread:
Chronic? More like pathological.
Either way, he's neurologically divergent and allowances should be made in the name of diversity and equity.
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@Renauda said in Canadian Tariff situation gets its own thread:
Chronic? More like pathological.
Either way, he's neurologically divergent and allowances should be made in the name of diversity and equity.
So we’re being led to believe.
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Fact checking Trump’s allegations from yesterday:
"We subsidize a lot of countries and keep them going and keep them in business," Trump said. "In the case of Mexico, it's $300 billion. In the case of Canada, it's close to $200 billion a year."
According to the Office of the United States Trade Representative, The U.S. goods trade deficit with Canada was $63.3 billion in 2024, down from $64 billion in 2023. That's far less than Trump claimed on Wednesday.
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US Senate passes bill aimed at stopping Trump tariffs on Canada
Doesn't mean the House will take it up, of course.
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Trump is at it again, campaigning for the Carney Liberals:
"I'm really not trolling. Canada is an interesting case.… I say the only way this thing really works is for Canada to become a state."
https://www.cbc.ca/news/world/trump-time-interview-analysis-1.7519086
And just like that, Donald Trump single handedly defeated the Conservative Party of Canada causing it, for the fourth time in nine years, to implode on itself and eat yet another, of its leaders.
Six months ago it was the Trudeau Liberal Party irretrievably heading into the rubbish bin and political wilderness. Donald Trump changed that with his uncontrollable flapping Yankee (in Canadian dialect that means -fucking Yank) populist tongue; his very nemesis of the North, the Liberal Party of Canada are about to hold parliament and form a majority government.
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This thread is as good a place as any to post this
Sen. Chuck Grassley (R-Iowa) on Monday asked President Trump for an exemption for farmers on the sweeping tariffs he imposed over the weekend.
Why it matters: Republican lawmakers from agricultural states may find themselves in a tough spot as they try to avoid going against their party leader, while still protecting their constituents.
American Farm Bureau President Zippy Duvall said in a statement over the weekend that "farmers and rural communities will bear the brunt of retaliation" from the tariffs.
https://www.axios.com/2025/02/03/grassley-trump-tariffs-congress-farm-states
@taiwan_girl said in Canadian Tariff situation gets its own thread:
This thread is as good a place as any to post this
Sen. Chuck Grassley (R-Iowa) on Monday asked President Trump for an exemption for farmers on the sweeping tariffs he imposed over the weekend.
Why it matters: Republican lawmakers from agricultural states may find themselves in a tough spot as they try to avoid going against their party leader, while still protecting their constituents.
American Farm Bureau President Zippy Duvall said in a statement over the weekend that "farmers and rural communities will bear the brunt of retaliation" from the tariffs.
https://www.axios.com/2025/02/03/grassley-trump-tariffs-congress-farm-states
Follow up to the above from a couple of months ago:
President Trump is prepared to bail out American farmers if the trade war continues squeezing commodity exports, Agriculture Secretary Brooke Rollins said Sunday.
Why it matters: Exports of key commodities are plunging, particularly soybean and pork sales to China, threatening tens of billions of dollars in farm income.
What they're saying: "First of all, the prayer is that that doesn't need to happen — but secondly, if it does, for the short term, just as in Trump 1, we are preparing for that," Rollins told CNN's "State of the Union" on Sunday.Catch up quick: In Trump's first term, amid a smaller trade war with China, the government rolled out tens of billions of dollars in farm subsidies.
Those bailouts, collectively, ended up being so large that they almost equaled the tariff revenue generated.
The intrigue: Agriculture consultants and economists tell Axios that farmers don't necessarily want bailouts — they want trade certainty so they can harvest and sell their crops.
"Trade aid isn't going to be farmers' first choice for a solution of all this, farmers prefer to earn their money from the markets," American Soybean Association economist Jacquie Holland said this week.
The bottom line: Rollins said it would probably be a few months before any need for aid was evident.
"I don't think we're going to need it, but if we do, it will be there," she said.
