Canadian Tariff situation gets its own thread

[jon-nyc]

I think this does answer the question about whether Trump believes his own shit about tariffs.

As Scott Lincicome from Cato Institute says, if Canadian producers will pay the tariffs, why reduce the ones on energy to 10%?

[Renauda]

@jon-nyc

Canadian producers do not pay the tariffs. American importers pay the tariff. Trump can levy the tariff only when and if the product crosses the border.

If we should decide to levy an export tax or even turn off the taps, that’s whole other scenario. We can do either or both.

Nothing is off the table.

[jon-nyc]

Dude I know that. It was just never entirely clear if Trump thought otherwise or just pretended to.

[LuFins Dad]

I think it’s pretty obvious. Canada is by freaking far the #1 exporter of oil to the US. Trump wants energy independence… in a 5D chess world, inflating Canada’s energy costs to the US consumer gives him more cover for drill baby, drill.

[jon-nyc]

Still, for a guy who achieved a narrow victory on what was largely a referendum on inflation he’s wasting no time pulling on the closest thing a president has to an crank-up-prices lever.

[Renauda]

@jon-nyc

I have said in past here, that Trump does not understand international trade. I still maintain that and his actions only confirm that assessment. Trump seems to think US protectionism during the late 19th early 20th centurues was what made great and it can be replicated now in the 21st. He is deluded, the world has moved on from the age of steam. Yes he believes his own shit just as Putin believes his own shit. Both are demagogue street thugs cut from the same whole cloth.

[Doctor Phibes]

@LuFins-Dad said in Canadian Tariff situation gets its own thread:

in a 5D chess world

So is Trump this guy

or this guy?

[jon-nyc]

@Renauda said in Canadian Tariff situation gets its own thread:

It really shouldn't be up to Canada to repair this clusterfuck.

We have already given Trump all the appeasement he has asked for and demanded. And then some.

[Doctor Phibes]

[jon-nyc]

Leader of the Conservative Party, running for PM

[jon-nyc]

[jon-nyc]

@LuFins-Dad said in Canadian Tariff situation gets its own thread:

Is there any evidence that a significant amount of Fentanyl enters the US via Canada?

[Renauda]

[Jolly]

Lumber.

Canadian lumber just killed one of the largest sawmills in Northern Florida.

Autos.

How many vehicles do we still import from Canada? I don't know.

I agree that oil makes up most if the deficit, but the deficit is higher than it's been in awhile. I suspect this latest tariff is just the opening shot in further trade negotiations.

[Renauda]

@Jolly said in Canadian Tariff situation gets its own thread:

Lumber.

Canadian lumber just killed one of the largest sawmills in Northern Florida.

Bullshit.

Autos.

How many vehicles do we still import from Canada? I don't know.

Do some fucking research, Beauregard.

Here’s a start for you.

The auto industry in North America is an integrated and complex supply chain arrangement that the industry itself has developed and refined over fifty years or more. It’s not a matter of which vehicle is built in Detroit or Oshawa.

You’re welcome.

I agree that oil makes up most if the deficit, but the deficit is higher than it's been in awhile. I suspect this latest tariff is just the opening shot in further trade

Because American demand for heavy oil has increased and continues to increase. Many of your under capacity refineries run on heavy oil, always have. They cannot run medium or light. US used to import it from Venezuela or bunker sea from the open markets- usually Iran. Those sources are now closed to the US market.

Also your MAGAt Moses Duce is not interested in negotiation or bilateral cooperation. Never has been interested. He wants total control and overlordship. It is entirely his choice to down this road and tear up the legacy of Ronald Reagan and a trade treaty what he himself called in 2018, the free trade agreement of the century.

[jon-nyc]

Actually Trump’s envoy just made some deal with Venezuela. We got some hostages back and they’re going to take their immigrants back. It’s unclear what they got in return but their government hailed the opportunity for ‘a new relationship’ with the US. Speculation is there’s oil involved.

See my post above about picking fights with friendly democracies and signaling weakness to our enemies.

[Renauda]

@jon-nyc

I hadn’t heard about signs of possible rapprochment with Venezuela. Would not surprise me though. Trump is attracted to thugs of all sorts. I will look into it. Thanks.

[xenon]

@Jolly said in Canadian Tariff situation gets its own thread:

Lumber.

Canadian lumber just killed one of the largest sawmills in Northern Florida.

Autos.

How many vehicles do we still import from Canada? I don't know.

I agree that oil makes up most if the deficit, but the deficit is higher than it's been in awhile. I suspect this latest tariff is just the opening shot in further trade negotiations.

This sounds like an arguement for no trade.

Canadians are generally pretty pissed about this. Conservatives in Canada have been saying for a long time that they should be refining their own energy and selling it to a more diverse base of countries. US has been getting a pretty sweet deal on that. And until yesterday the name of the game was energy independence wrt to the ME.

If you think the trade between Canadian and the US is unfair, I don’t think any sort of trade would be to your liking.

[jon-nyc]

[Renauda]

@jon-nyc

Probably the best speech or national address Trudeau has made in his political career.

Quite a feat, the country is rallying around the Trudeau government on this.

To paraphrase Forrest Gump; And just like that, Canadians came to despise Donald Trump even more than Justin Trudeau.