Okay but Trump added more to the debt in his first term(even without Covid) and still wants to add to the debt with his stupid tax cuts AGAIN. So not only will these tarriffs not do anything about the debt, it will also cause severe economic hardship for pretty much everyone who isnt rich.
he's acting like a fugitive who escaped from prison ( which seems true) I think his priorities is to delete the Democratic party and splits the Republicans into two. ,Idiology 》》economy , & when it comes to economy, the National wealth hedge funds he is dreaming of will be the saftey net's for his billionaires gangs, this hedge fund will buy Tesla,META,etc; at a more insane valuation .
You seemed to hold up the tanked Canadian dollar as some sort of victory. I apologize if I misunderstood.
No, the poster insinuated the tariffs had no impact and trump was backing down. Unlike some, I don't view the citizens of other countries as enemies, especially our northern and southern neighbors. Like anyone with a crappy neighbor, I want them as a contributing ally, not part of the rodent problem. Canada should be contributing more to American security and we should be industrializing Mexico.
The crappy neighbor might be the one that tried to initiate tariffs for no apparent reason. I applaud Trump for realizing it was a crappy idea and backing down.
You applaud trump for doing something he had no business doing in the first place? He made up the entire drug problem and then solved the issue himself. Why would anyone applaud him for creating a problem for literally no reason
Based on what? This doesn't really have any effect on me at all since the tariffs were paused. I was commenting on the concept of a good neighbor.
Yes. And it is a significant step forward. Realizing and fixing mistakes doesn't erase the fact the person made the mistake in the first place. But it is the proper course of action and one that is rare if not unheard of from Trump.
it's not popularity. they're simply too big for european streets. the country who actually benefits from this eu tariff reduction is china.
Aren't we lucky that Donald Trump has a HUGE brain and understands tariffs like no other? Lucky for those 140,000 people losing their jobs that the US has a sudden need for ag workers. Canadian Travel Boycott Of U.S. Could Cost $2.1 Billion, U.S. Travel Association Warns Topline The U.S. hospitality industry is bracing for HUGE losses as Canadians are urged to cancel trips to the U.S. in response to President Donald Trump’s tariffs on most of Canada's goods. Key Facts Trump’s tariffs on Canada could drive down the volume of Canadian visitation and tourist spending in the United States, the U.S. Travel Association (USTA) warned Monday. In a speech televised throughout Canada on Saturday evening, Canadian Prime Minister Justin Trudeau urged citizens to reconsider visiting the U.S. and travel domestically instead. David Eby, premier of British Columbia, said Canadians should “really be thinking carefully about spending our money in that country” as the U.S. “wants to do economic harm to Canadians." Flight Centre, Canada’s largest travel agency, told Forbes it has seen “a surge of customers” already canceling U.S. vacations and rebooking elsewhere, “including bucket-list and milestone experiences valued at over $10,000 CAD.” Even a 10% reduction in Canadian inbound travel could translate to 2 million fewer visits, which would mean $2.1 billion in lost spending and 140,000 jobs jeopardized in the hospitality and related sectors, according to USTA projections. The top five most-visited states by Canadians—Florida, California, Nevada, New York and Texas—could see significant declines, according to USTA data. Key Background Canadian visitors make up the single largest group of foreign inbound tourists to the U.S. The impact of a travel boycott would be most keenly felt in states like Florida, where, in 2023, Canadians made up 38% of all foreign tourists to the state, according to Visit Florida. And in Texas, Canada is the second-largest international visitor market, driving $403.3 million in travel spending in 2023, according to the state’s tourism organization. Big Number $20.5 billion. That’s how much 20.4 million Canadian visitors—the most from any single country—spent in the U.S. last year, according to the National Travel and Tourism Office. Crucial Quote “Now is the time to choose Canada...It might mean changing your summer vacation plans to stay here in Canada and explore the many national and provincial parks, historical sites and tourist destinations our great country has to offer,” Trudeau told Canadians.
Steel tariffs in Trump's first term did more harm than good. Steel jobs were saved, but jobs in steel dependent industries (like automotive) more than offset that. Cars and trucks became more expensive last time; fewer were sold. What's that words describing when things become more expensive? INFLATION. Good thing that Trump did not promise to bring down inflation. Obviously, Trump is incapable of learning from his mistakes, since he never makes any. [AP] Trump says he will announce 25% steel and aluminum tariffs Monday, and more import duties are coming
Trump did steel and aluminum tariffs last time he was president as well. And he predictably caved later and claimed that Canada gave him some concessions (that he never specified because it was all imaginary). He also put tariffs on Canadian aircraft last time (at the behest of Boeing) which resulted in Bombardier selling its commercial aviation division to Airbus (which ultimately hurt Boeing way more than if it had just stayed in Canada). Airbus just bypassed the tariffs by moving manufacturing to Alabama and ended up selling far more orders than Bombardier ever could have. Also I dont think Trump understands that his tariffs on Canada are an existential threat to the country so Canadians are more than prepared to just wait it out and deal with it. Meanwhile, Americans will deal with reciprocal measures and export taxes that will also be inflationary (and will hurt US businesses) but Americans don't have the same commitment to dealing with this. If this is a matter of causing Canada to give in, it just isn't going to work. And unlike last time, Canada will likely make more permanent moves to shift its trading relationship away from the US. I've never seen Canada united like this. Everyone here is 100% ready to wait out the Americans if it comes down a trade war. I think Trump mistook all of the political disharmony here because of Trudeau's unpopularity as being a sign of weakness but the political winds have seemingly changed overnight because of the tariff threats.
Democrats have never found a tax they didn't like except tariffs. This is how i feel about any tax increase.
Your ideology is what allowed a man who doesn't understand the difference between sovereign debt and a trade deficit to be manager of the world's largest bureaucracy. The propaganda of the libertarian capital class is what created a scenario of someone with no ideological consistency who doesn't understand basic concepts about national debt to become president. The lack of intellectual rigor of libertarian economic ideology is what allows this type of president to exist. You have to have a president this stupid like Trump or Reagan to sell libertarian capital ideology. "Welcome to Costco, I love you" - should be the tag line of libertarian dumbification of America.
good infor on the mfg / industrial sector as for the Agricultural sector Trump imposed tariffs and China/Brazi/ othere retaliated in kind, in the process bankrupting many US farmers. Trump then issued aids to bail out us-based farms, many of whom were owned by Brazilian muliti-nationals corporations. in 2019, as reported by Newsweek, Trump 1.0's Farmers Bailout Money Went to Corrupt Brazilian Brothers Who Bribed Officials don't know if Brazilian con man George Santos was involved.
