I wholeheartedly oppose tariffs. There is an academic and historic argument to be made in favor of tariffs, but experience in a global economy teaches us that they do more harm than good. That being said, Trump promised tariffs when he was running and he was elected. He’s keeping his promise about something he believes in. I just think he’s wrong and voted for him for other reasons. I hope that the consequences are tolerable.
Canadian Finance Minister Dominic LeBlanc on Sunday unveiled the full list of items covered by tariffs on $30 billion worth of US goods, the first phase of Canada’s response to US tariffs.
The items include American produce, alcohol, apparel, household appliances, tools, firearms and more.
Canada’s tariffs come in retaliation after US President Donald Trump on Saturday announced sweeping levies on Canada, Mexico and China.
God forbid we send less perfume up to the canucks.
When you realize that the US GDP is 10x that of Canada and nearly 19x of Mexico, that Canada’s GDP is less than the GDP of the states of Kalifornia, Texas, and New York, that Mexico’s GDP is on par with The State of FIBS, you understand who is going to bend the knee first.
It won’t be Trump.
I agree with Trump that if tariffing specific countries gets some common sense actions to be taken by that country, it was a good use of tariffs. Stop the flow of Chinese fentanyl coming over the border from your countries Mexico and China. Do that and no more retaliatory tariffs.
I saw a post on tariffs that Canada currently charges on exports to the US. Are you okay with just refusing to pay their tariffs? We would probably make/save about the same amount of money. Most people don’t realize just how much we have already agreed to pay in the past to most every country in the world that we have traded with. We used to pay exorbitant tariffs to Japan and China on everything we sold to them. If the world or even just specific countries are catching up to us on a per capita basis, their countries should not be charging tariffs on our goods anymore. Canada is a developed country, the 9th largest economy in the world should not be charging us tariffs anymore either, but they won’t just drop them so measures should be taken to even things out tariff-wise, imo, regardless of why we put the tariffs up on them in the first place.
So if you are opposed to tariffs, are you opposed to tariffs on US exports by other countries? Are you okay with matching tariffs to get other countries to drop their past favorable trade agreements?
I am okay with tariffs on our exports with still developing nations, but I am opposed to tariffs on our exports to countries that can easily afford to drop them now. If you are opposed to ALL tariffing including what is imposed upon us, then you should know that matching tariffs are virtually the only way to get rid of them for everyone.
There is a lot of really stupid prattle going on. Study the results of Trump’s last set of tariffs, and you’ll find that the affected countries DEVALUED their currencies in order to offset the tariffs. Because of that, the US “imported” deflation; thus the cost of living in the US only increased by 1.4% or so in the year+ following tariff implementation.
Far more significant here is the modification of “de minimis.” Trump voided the $800.00 exemption-from-inspection trigger, so China’s use of Temu (eg) shipping boxes to send fentanyl will now be subject to inspection.
Heh.
>Study the results of Trump’s last set of tariffs, and you’ll find that the affected countries DEVALUED their currencies in order to offset the tariffs.
The tariffs implemented or threatened to be implemented have had the exact desired effects without ever being implemented so far in his second term. Trump isn’t using tariffs for money making this term, though I know he has said he might. So prattling on about how it affects our cost of living is as inane. Studying the purpose of his first term of tariffs had different purposes than money making as well and I believe they had some desired effects vs China too.
The internet (particularly through Google) is still a very low quality source for information. If you ask how much money Canada makes on tariffs currently on the US you cannot find that information period (I read the list of tariffs from Canada currently on our goods on X)). You only get articles on the current tariff threats from the US written by (the four stories highlighted) the BBC, CNN and Al Jazeera. I do not remember the 4th, maybe it was CBS?