Canadian Tariff situation gets its own thread
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You didn't attend a lot of Trump rallies, did you?
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He sure is pushing a lot of America's chips to the center of the table in this ploy to, what, save a few 10s of billions in some trade agreements that he hopes Canada is motivated to amend? Create a bunch of manufacturing jobs where the workers will be paid so much more than their global counterparts that their products will have no value on the global market?
Education is extremely important.
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That’s the most charitable interpretation.
He could be doing this just because he wants to see others cave (even if we end up at the same or worse spot relative to where we started).
Or he’s a true believer.
I think it’s 2 or 3… but don’t really know.
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The market continues to lend more credence to his seriousness about this stuff, a day at a time. I'm not sure where it'd end up at 100% credence that these tariffs are permanent, and America is essentially isolationist. But I'm very sure that that would not be an economically great America.
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I dunno - I haven’t heard specific businesses complain yet. They might be afraid of the political ramifications from being the first to speak up.
I know from first hand experience right now that this is making business planning impossible.
If it’s like anything else in politics, government won’t react until the problem has gotten really bad.
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@Copper said in Canadian Tariff situation gets its own thread:
You didn't attend a lot of Trump rallies, did you?
If you want to contribute something to this thread then write something that gives the rest of us at least a slight impression that there is something other than shit between your ears.
You have nothing to say other than your usual trite snark so STFU.
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He sure is pushing a lot of America's chips to the center of the table in this ploy to, what, save a few 10s of billions in some trade agreements that he hopes Canada is motivated to amend? Create a bunch of manufacturing jobs where the workers will be paid so much more than their global counterparts that their products will have no value on the global market?
@Horace said in Canadian Tariff situation gets its own thread:
He sure is pushing a lot of America's chips to the center of the table in this ploy to, what, save a few 10s of billions in some trade agreements that he hopes Canada is motivated to amend? Create a bunch of manufacturing jobs where the workers will be paid so much more than their global counterparts that their products will have no value on the global market?
Pretty good summary.
@xenon about businesses complaining, I think the big businesses are a bit hesitant to criticize yet, but it'll come once their financial statements start to kill their stock price. And small businesses are ABSOLUTELY getting hosed (to use a Canadian term) right now since many rely on imported goods to support their product offerings.
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That’s the most charitable interpretation.
He could be doing this just because he wants to see others cave (even if we end up at the same or worse spot relative to where we started).
Or he’s a true believer.
I think it’s 2 or 3… but don’t really know.
@xenon said in Canadian Tariff situation gets its own thread:
He could be doing this just because he wants to see others cave (even if we end up at the same or worse spot relative to where we started).
My prediction (note I have a losing track record lately) is that he's doing this to distract from the other land expansion idea (Greenland) where he's making bold statements and massive distractions with secretly the end goal of allowing Greenland to vote for its own independence and/or eventually become an unincorporated territory of the United States, similar to Puerto Rico. That would give the USA certain rights over the land, including natural resources and defense, while not needing to modify how many stars are on the American flag.
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He sure is pushing a lot of America's chips to the center of the table in this ploy to, what, save a few 10s of billions in some trade agreements that he hopes Canada is motivated to amend? Create a bunch of manufacturing jobs where the workers will be paid so much more than their global counterparts that their products will have no value on the global market?
Create a bunch of manufacturing jobs where the workers will be paid so much more than their global counterparts that their products will have no value on the global market?
That is question I have been wrestling with the past week or so. Sooner or later Trump will have to take on the unions to drive down the cost of labour. And not by any small margin either. He seems oblivious to the fact that manufacturing moved elsewhere owing to the high cost of US labour. We struggle with the same issue here in Canada but to a much lesser extent in part because of higher personal income taxes. Also industry here is not burdened with having to administer costly employee benefit packages such as private health care insurance or even pension funds.
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He says today he’s not gonna bend, subsidizing Canada for $200B a year and the only way Canada works is as a state.
At what point do you (can you) pull the plug on this guy
Link to video@xenon said in Canadian Tariff situation gets its own thread:
He says today he’s not gonna bend, subsidizing Canada for $200B a year and the only way Canada works is as a state.
The more he goes on about the more we are viewing it as a destabilising threat:
"Is [Trump] trying to change political views in this country? If so, that's foreign interference," said Dick Fadden, who also headed CSIS and served as national security adviser to former prime minister Stephen Harper.
"It's no more acceptable from the United States than it is from China or Russia or anybody else."
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Despite being such an amazing communicator, he seems to have zero empathy. As in I really don’t think he can conceptualize how this is landing with Canadians.
I wouldn’t go so far as to say he’s autistic, but others have mentioned it:
Link to video -
The simplest explanation is that he thinks trade deficits are a per se bad thing and tariffs are a per se good thing.
@jon-nyc said in Canadian Tariff situation gets its own thread:
The simplest explanation is that he thinks trade deficits are a per se bad thing and tariffs are a per se good thing.
Ostensibly yes, but if you subtract the oil and gas imports from Alberta into the US, the US is actually running a trade surplus with Canada which, for the most part, is in value added products and services. Take aluminum for beer cans. We ship rolled aluminium into the US and the US sells it back to Canadian brewers as beer can blanks.
Arguably even the discounted oil which we send to the US gets blended with US product or as in case of natural gas, it is liquified and exported to third markets.
Tell me then who is subsidizing who?
Elbows up!
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He sure is pushing a lot of America's chips to the center of the table in this ploy to, what, save a few 10s of billions in some trade agreements that he hopes Canada is motivated to amend? Create a bunch of manufacturing jobs where the workers will be paid so much more than their global counterparts that their products will have no value on the global market?
@Horace said in Canadian Tariff situation gets its own thread:
Link to videoHe sure is pushing a lot of America's chips to the center of the table in this ploy to, what, save a few 10s of billions in some trade agreements that he hopes Canada is motivated to amend? Create a bunch of manufacturing jobs where the workers will be paid so much more than their global counterparts that their products will have no value on the global market?
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@Horace said in Canadian Tariff situation gets its own thread:
Link to videoHe sure is pushing a lot of America's chips to the center of the table in this ploy to, what, save a few 10s of billions in some trade agreements that he hopes Canada is motivated to amend? Create a bunch of manufacturing jobs where the workers will be paid so much more than their global counterparts that their products will have no value on the global market?
@Jolly said in Canadian Tariff situation gets its own thread:
@Horace said in Canadian Tariff situation gets its own thread:
Link to videoHe sure is pushing a lot of America's chips to the center of the table in this ploy to, what, save a few 10s of billions in some trade agreements that he hopes Canada is motivated to amend? Create a bunch of manufacturing jobs where the workers will be paid so much more than their global counterparts that their products will have no value on the global market?
O'Leary presents a best case scenario of unknown (to me) plausibility, about how this tariff war could result in a zero-tariff free market between the US and Canada. Then Lutnick presents a strange case scenario where tariffs are used to fund an eradication of income tax for anybody making less than 150k. The Trump whisperers aren't cohering with each other.
Education is extremely important.
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He says today he’s not gonna bend, subsidizing Canada for $200B a year and the only way Canada works is as a state.
At what point do you (can you) pull the plug on this guy
Link to video -
@jon-nyc said in Canadian Tariff situation gets its own thread:
The simplest explanation is that he thinks trade deficits are a per se bad thing and tariffs are a per se good thing.
Ostensibly yes, but if you subtract the oil and gas imports from Alberta into the US, the US is actually running a trade surplus with Canada which, for the most part, is in value added products and services. Take aluminum for beer cans. We ship rolled aluminium into the US and the US sells it back to Canadian brewers as beer can blanks.
Arguably even the discounted oil which we send to the US gets blended with US product or as in case of natural gas, it is liquified and exported to third markets.
Tell me then who is subsidizing who?
@Renauda said in Canadian Tariff situation gets its own thread:
@jon-nyc said in Canadian Tariff situation gets its own thread:
The simplest explanation is that he thinks trade deficits are a per se bad thing and tariffs are a per se good thing.
Ostensibly yes, but if you subtract the oil and gas imports from Alberta into the US, the US is actually running a trade surplus with Canada which for the most part is in value added products and services. Take aluminum for beer cans. We ship rolled aluminium into the US and the US sells it back to Canadian brewers as beer can blanks.
Arguably even the discounted oil which we send to the US gets blended with US product or as in case of natural gas, it is liquified and exported to third markets.
Tell me then who is subsidizing who?
I agree with all you say here but that’s a bit too detailed for Trump’s attention span. He sees the top line number and decides we’re being ‘ripped off’.
