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The offical Trump Tariff thread

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

  1. Buck Turgidson

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    Hey Boudreaux, see dat boy ova dere wicho donkey?

    I done seens it. Donkey don pay no mind.
     
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  2. Nook

    Nook Member

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    Things are going…. about as expected.
     
  3. Kemahkeith

    Kemahkeith Member
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    That sucks, and that is my fear when my time comes.
    Regardless of who is in the White Housr.
     
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  4. Kemahkeith

    Kemahkeith Member
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    Just for clarification purposes.
    This culinarian knows SPELT is for sure a word.
    It's a type of grain in the wheat family.

    His usage of the word is incorrect but there is such a word.
     
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  5. Reeko

    Reeko Member

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    Mr. Trump and Mr. Trudeau spoke twice on Feb. 3, once in the morning and again in the afternoon, as part of discussions to stave off tariffs on Canadian exports.

    But those early February calls were not just about tariffs.

    The details of the conversations between the two leaders, and subsequent discussions among top U.S. and Canadian officials, have not been previously fully reported, and were shared with The New York Times on condition of anonymity by four people with firsthand knowledge of their content. They did not want to be publicly identified discussing a sensitive topic.

    On those calls, President Trump laid out a long list of grievances he had with the trade relationship between the two countries, including Canada’s protected dairy sector, the difficulty American banks face in doing business in Canada and Canadian consumption taxes that Mr. Trump deems unfair because they make American goods more expensive.

    He also brought up something much more fundamental.

    He told Mr. Trudeau that he did not believe that the treaty that demarcates the border between the two countries was valid and that he wants to revise the boundary. He offered no further explanation.

    The border treaty Mr. Trump referred to was established in 1908 and finalized the international boundary between Canada, then a British dominion, and the United States.

    Mr. Trump also mentioned revisiting the sharing of lakes and rivers between the two nations, which is regulated by a number of treaties, a topic he’s expressed interest about in the past.

    Canadian officials took Mr. Trump’s comments seriously, not least because he had already publicly said he wanted to bring Canada to its knees. In a news conference on Jan. 7, before being inaugurated, Mr. Trump, responding to a question by a New York Times reporter about whether he was planning to use military force to annex Canada, said he planned to use “economic force.”

    The Toronto Star, a Canadian newspaper, has reported that Mr. Trump mentioned the 1908 border treaty in the early February call and other details from the conversation. And the Financial Times has reported that there are discussions in the White House about removing Canada from a crucial intelligence alliance among five nations, attributing those to a senior Trump adviser.

    But it wasn’t just the president talking about the border and waters with Mr. Trudeau that disturbed the Canadian side.

    The persistent social media references to Canada as the 51st state and Mr. Trudeau as its governor had begun to grate both inside the Canadian government and more broadly.

    While Mr. Trump’s remarks could all be bluster or a negotiating tactic to pressure Canada into concessions on trade or border security, the Canadian side no longer believes that to be so.
     
  6. Amiga

    Amiga Member

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    There is no adult left in the room, which means that, unlike the first time, no one is pushing back or providing a diverse set of opinions to the POTUS (e.g., pointing out that the math doesn’t work or that these decisions might trigger a decade-long depression) to help him make a better-informed decision or correct a basic lack of understanding.

    Anyhow, it DOES look like the trade war will continue, and the consequences are acceptable to this administration - perhaps because they genuinely believe it’s great.

    “All I know is this: We’re going to take in hundreds of billions of dollars in tariffs, and we’re going to become so rich, you’re not going to know where to spend all that money. I’m telling you, you just watch. We’re going to have jobs. We’re going to have open factories. It’s going to be great.”
     
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  7. ArtV

    ArtV Member

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    If he thinks he can hurt Canada's economy so bad that he can buy them out, than he's a bigger idiot than i thought. He's just going to kill the US economy while attempting his economic takeover.

    The GOP is going to get spanked in 2026 even if the DEMs are in complete disarray. Voters won't care who they are voting for as long as they don't support this garbage.
     
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  8. adoo

    adoo Member

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    you're publicizing your willful ignorance, too ignorant to understand that the US dollar has been the de facto global reserve since WW2.

    while it is easy to cut n paste false narratives/criticisms, there is no other deck of card stronger than the US, whose monetary foundation is strong enough to print $ in thin air, full-scale QE.
    others (Japan, China, UK, etc) can only do diet/half-assed QE


    the latest eg of this fool being confused and all mixed up.

    for the education for the fool
    • recession is a description of an economic slow down, when the economic pie has contracted for 2 consecutive quarters
    • "reversion towards the mean" is a term used by stock market chartist/traders to describe a type of trend-reversal price action of a particular stock.
    you ignornace is such that you assume all tock behave the same way. you're just ignorant. while most stocks took a beating this past week, some generated gains,
    such as BMY, RDFN, BALY, etc.



    yet another eg of you being confused and all mixed up.

    01, the economy was strong, and riding on consecutive years of budget surplus (from the Clinton admin)
    the much hyped y2k disaster skyrocketed the internet stocks sky rocketed---Greenspan calling it "irrational exuberant"--- then came back down to earth.

    08, on the heels of 2 avoidable wars (afganistan and iraq) and a tax cut catering to the top earner, the economy was weakening. the loosening of financial regulations led to
    the bankruptcy of the US financial industry.. thanks to the strength of the US Fed Reserve bank, who was strong/responsible enough to use QE to augment
    the Treasury Dept's policies/tools to bail out financial institutions.

    Present time, thanks to Bidenomics, Biden handed to Trump 2.0 a strong economy,
    • passed in to law the Infrastrucure bill and CHIP act
    • near record low in unwmployment
    • 48 consecutive months of job creation avg > 100K
    • inflation trending down over the past 2 years, towards the low 3%
     
    #768 adoo, Mar 11, 2025
    Last edited: Mar 11, 2025
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  9. Reeko

    Reeko Member

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    [​IMG]

    this is so fcking stupid

    we have made an enemy out of our best friend and neighbor for literally no reason
     
  10. ArtV

    ArtV Member

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    So yeah this is all about his plan to get Canada to be the 51st state which will never happen. It's a hostile economic takeover attempt. We won't patch this damage up until we get this idiot out of here. US is going to get screwed while he attempts to make his legacy. He doesn't care about the people - just his image.

    But if he continues this path, he will be the one that goes down as the worst President in US history. There's your legacy - idiot
     
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  11. AleksandarN

    AleksandarN Member

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  12. Andre0087

    Andre0087 Member

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    Won't go anywhere but needs to happen...

    Beyer And DelBene Introduce Legislation Stop Trump Tariff Chaos, Restore Trade Authority To Congress

    U.S. Representatives Don Beyer (D-VA) and Suzan DelBene (D-WA) today announced the reintroduction of the Congressional Trade Authority Act, legislation that would require the president to submit to Congress any proposal to adjust imports in the interest of national security under Section 232 of the Trade Expansion Act of 1962. Beyer and DelBene reintroduced the bill in response to the economic chaos of President Trump’s rapidly changing tariff regime, which threatens to spark trade wars with close American allies. Trump used Section 232 powers to impose or threaten tariffs on aluminum, lumber, steel, and copper imports, driving aluminum prices to record highs and raising housing costs.

    “Donald Trump is drunk on power and unleashing economic chaos on the country and the world. But the powers which intoxicated him were given to Congress under the Constitution, and Congress must take the power over trade policy back to prevent economic disaster and protect America’s most important alliances,” said Rep. Beyer (VA-08). “Section 232 national security tariffs were historically used sparingly and strategically until Trump, who has grossly abused them. Congress must put a stop to this madness. Our legislation would prevent the abuse of national security authorities to impose tariffs without clear objectives and without Congressional approval for this and future administrations.”

    “We have already seen the president exploit the limited authorities Congress has given him to start a trade war and threaten Washington’s economy. Section 232 tariffs are ripe for abuse in the same way he has imposed tariffs on our allies under the guise of a national emergency. No president should be able to increase taxes on American families and businesses without a vote in Congress. This legislation makes that clear,” said Congresswoman Suzan DelBene (WA-01).

    The Congressional Trade Authority Act, along with the recently reintroduced Prevent Tariff Abuse Act, legislation from DelBene and Beyer to reassert congressional trade authorities over tariffs imposed under the International Emergency Economic Powers Act (IEEPA), would significantly rein in presidential abuses of tariff powers and restore authority over trade to Congress, as the framers of the Constitution intended.

    Text of the Congressional Trade Authority Act is available here, with a one-pager here. The legislation is cosponsored by Reps. Brad Schneider (D-IL), Jimmy Panetta (D-CA), Danny Davis (D-IL), and Judy Chu (D-CA).

    "As President Trump moves to impose the largest tax increase in at least a generation through the inappropriate use of tariffs, it is more important than ever that Congress reclaim its Constitutional authority over the power of the purse. Tariffs are a tool that should be used sparingly, with due consideration for the collateral damage that tariffs bring to US consumers, US industries, US exports, and international relations," said Kimberly Clausing, Eric M. Zolt Professor of Tax Law and Policy, UCLA School of Law.

    "National Taxpayers Union has long supported the Congressional Trade Authority Act, which we have previously included in our annual list of ‘no-brainer’ bills for Congress to pass. Article I, Section 8 of the Constitution gives Congress the authority to lay duties and regulate foreign commerce. This legislation would restore the role of Congress with respect to Section 232 ‘national security’ investigations and reduce ongoing trade uncertainty that weakens our industrial base," said Bryan Riley, Director, Free Trade Initiative, National Taxpayers Union.

    “The National Foreign Trade Council welcomes the re-introduction of the Congressional Trade Authority Act by Rep. Beyer and other Ways & Means colleagues. This important legislation makes commonsense changes to Section 232 that will ensure its use is closely linked to national security interests and provide greater predictability and transparency for importers and affected industries,” said Tiffany Smith, Vice President for Global Trade Policy, National Foreign Trade Council.

    Rest: https://beyer.house.gov/news/documentsingle.aspx?DocumentID=6427
     
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  13. dmoneybangbang

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    Canada has really cheap electricity due to tons of inexpensive hydro power which is why they have such energy intensive industries like aluminum processing.

    It will take a massive amount of new power to onshore aluminum industries, I read like 6 Hoover dams worth of new power. Not to mention, to also make up the difference that some northern states receive from Canada.
     
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  14. rimrocker

    rimrocker Member

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    The "clean" Republican CR is quite dirty and loaded with little bombs like this, which would make it impossible for Congress to take any action that would stop or rein in the tariff madness. It'd give license to Trump to really go crazy.

    [​IMG]
     
  15. mtbrays

    mtbrays Member
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    It's not like everyone told us this was going to happen!
     
  16. mtbrays

    mtbrays Member
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    He's the only US president who attempted a hostile takeover of his own government. That sealed his ranking four years ago.

    He is right when he says he could cure cancer and I wouldn't clap.
     
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  17. edwardc

    edwardc Member

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    Oh, Canada!

    [​IMG]
     
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  18. deb4rockets

    deb4rockets Member
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    Trump is out of control at this point. He's so blinded with rage, retaliation, greed, and power he isn't thinking logically at all.
     
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  19. deb4rockets

    deb4rockets Member
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  20. Sajan

    Sajan Member

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