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The offical Trump Tariff thread

Discussion in 'BBS Hangout: Debate & Discussion' started by astros123, Feb 1, 2025.

  1. geeimsobored

    geeimsobored Member

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    Which ironically made the US more dependent on Canada and Mexico. The revised NAFTA required that products source more inputs and components from the NAFTA member countries which deepened US reliance on Mexico and Canada. The whole strategy behind that was a different form of isolationism that focused on deeper integration of the US economy with Mexico and Canada at the expense of Europe and Asia.

    Trump and Biden collectively spent 8 years further deepening US ties to both countries. It was Obama that ironically wanted to limit US reliance on both countries by replacing NAFTA with TTIP and TPP which would have created a much bigger free trade area and a much deeper supply chain. TPP in particular would have created free trade with much of Asia (excluding China) which was intended to incentivize US companies to move manufacturing away from China (since TPP would create preferential trade terms that China wouldn't have access to). TTIP on the other hand was intended to create a free trade area with the EU (similar to the FTA that Canada has with the EU). Both agreements would have allowed for much broader options beyond Mexico and Canada.
     
    #261 geeimsobored, Feb 3, 2025
    Last edited: Feb 3, 2025
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  2. Amiga

    Amiga Member

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    Publicly, the reasons provided are to satisfy legal requirements (and politics). As for the intent, I suggest looking into the history of the Gilded Age (1870s-1900s, McKinley), particularly how tariffs played a key role during that period.

    FWIW:
    • Tariffs are paid by importers of the goods. They are paid when the goods enter the US and clear customs. US importers (not exporters, so US businesses) are responsible for paying the tariff, which is collected by US Customs and Border Protection.
    • When tariffs increase, businesses face higher costs. They may absorb some of the cost, pass it on to consumers, and/or seek alternative solutions, among other options.
    • Constitutionally, tariffs are set by Congress. However, Congress has delegated the authority to the executive branch in certain circumstances. Under the Trade Expansion Act of 1962, the POTUS can impose tariffs if imports threaten US national security. Under the Trade Act of 1974, the POTUS can impose tariffs on countries engaging in unfair trade practices.
    • The WTO provides a framework for international trade, and the US is bound by WTO agreements (at least for now). If a tariff is considered unfair or unjustified, it can be challenged within the WTO system.
     
  3. Amiga

    Amiga Member

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    "In the 1890s, our country was probably the wealthiest it ever was because it was a system of tariffs," "We had a president, you know McKinley? Remember Mount McKinley? He was really a very good businessman, and he took in billions of dollars at the time, which today it’s always trillions but then it was billions and probably hundreds of millions, but we were a very wealthy country and we’re gonna be doing that now…" - Sept 27, 2024.
     
  4. No Worries

    No Worries Member

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    Why does the WSJ hate Trump?

     
  5. HP3

    HP3 Member

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    Trump backed down with his tariffs, apparently Mexico is sending 10,000 troops to the border WHICH WILL DO NOTHING.
     
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  6. AleksandarN

    AleksandarN Member

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    You can’t think for yourself so you use AI. Explains much
     
  7. Rileydog

    Rileydog Member

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    How are people failing to understand what is happening here. Everything Trump is doing is performative.

    Tariffs are designed to show that he is tough and America is numerous uno. Talking points for Fox News and his base. Regardless of the result, Trump will declare economic and political victory, and MAGA will believe. Any inflation will be blamed on something else, Biden administration, federal reserve, whatever.

    ICE raids and deportation messaging are designed to create snippets for Fox News to run. Headlines and photos of misery in the Hispanic community will make MAGA happy. Doesn’t matter how many illegal immigrants he actually deports. What matters is that he is making brown people’s lives bad, and that makes maga happy. It keeps the angry immigration messaging on Fox News.

    All of Trumps presidency should be viewed from the lens of performative priorities. Remember, his priority in selecting cabinet members is that they look like they are out of “central casting”. Performative nonsense that his base craves.

    We are surrounded by idiots.
     
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  8. AleksandarN

    AleksandarN Member

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    Plus when it comes to illegals and drugs coming from the border 99 percent is coming from the southern border. Explain to me why the closest Ally is tariffed because let’s be honest it is not drugs or illegals. Also if you Canada to join this is dumbest way possible. Just pissing off the Canadians. They won’t join. And do we really want another Canadian when already have this Canadian. Where is ICE when we truly them?

    [​IMG]
     
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  9. AleksandarN

    AleksandarN Member

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    The stupidity with these tariffs is those countries will find more markets other than the America to trade goods even if the deal is made to get rid of the tariffs. They will not want to be put in this situation again. So in the long run America will lose out. Trump is doing this for political gain.
     
  10. AleksandarN

    AleksandarN Member

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    Also I bet Canada will say they will add more troops on the border. But that wont change much on the northern border because I said earlier the northern border is not issue for drugs and illegals as it is on the southern border
     
  11. geeimsobored

    geeimsobored Member

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    Exactly. Canada has an FTA with the EU and is a member of TPP. The groundwork is actually already there. If they commit to pipelines to the east and west and LNG terminals, it's actually very feasible to start shifting energy exports away from the US. The EU is extra challenging because of EU single market rules but with Russia out of the picture, the EU needs a friendly country that can import energy and raw materials from and frankly they can't do better any better than Canada. Closer EU-Canada ties seem like an inevitability at this point.
     
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  12. Salvy

    Salvy Member

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  13. droxford

    droxford Member

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    Thank you! I literally LOL'ed at that image.
     
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  14. a time to chill

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  15. Salvy

    Salvy Member

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    Woke people thinking Trump gets nothing out of Mexico tariff...

    Literally Mexico:10,000 border troops

    Lets see what we get from Canada!!!
     
  16. No Worries

    No Worries Member

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    Mexico sends 100 troops to the border and Trump does what? Who gets to count the troops? Mexico?

    Who gets to count the migrants? Mexico?

    Who gets to count the flow of fentanyl? Mexico?

    IIRC China agreed to buy more soybeans from the US in Trump's first term after Trump slammed China with tariffs. Trump got his headline and China did not buy more soybeans.

    President Trump announced he is pausing U.S. tariffs targeting imports from Mexico for a month after the country's president agreed to send 10,000 troops to the U.S.-Mexico border to combat the flow of fentanyl and migrants.
     
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  17. No Worries

    No Worries Member

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    Just like China "literally" bought more soybeans?
     
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  18. Invisible Fan

    Invisible Fan Member

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    They'll still do it regardless of "folding" because it's not smart relying on a partner who can't keep their word.
     
  19. No Worries

    No Worries Member

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    The Mexican cartels smuggle their guns from the US as well. Maybe Mexico should ask the US to put 10,000 troops on the border dedicated to stopping the guns?
     
  20. AleksandarN

    AleksandarN Member

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    What from Canada does Trump want because the drugs and illegals are the southern border problem. You can’t say troops to the northern border is a solution because there isn’t a problem. Like the posts above said there is more of an issue with illegal guns being sent to Canada
     
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