Trump Tariff will Kill the Economy

[SalesServiceGuy]

Trump slaps new 25% tariffs on Canada for steel and aluminum effective March 4th.

Canada is the USA's largest importer of both products. The USA does not have the domestic capacity to replace either of these imports.

Canada is waiting for the offical US declaration to be published before likely reacting with retaliatory tariffs.

The famous American WWII aircraft, the Mustang, was 100% made from Canadian aluminum.

Current Canadian thinking is that Trump needs to find a way to replace the US treasury's income from potential corporate tax cuts. He thinks tariffs, which are paid direclty to the US treasury, will fund these tax cuts.

Effectively, American consumers will pay for any corporate tax cuts.

[Copier Addict]

Canada doesn't even have free trade between its provinces. There's anywhere from a 7-12 percent tariff

We know, but your interest is appreciated.

[BillyCarpenter]

It's time to 'tear down interprovincial trade walls'. But how close are we to doing it?


Often easier for Canadian companies to do business across international borders than within our own country, says Business Council of Alberta



“One of the profound ironies of Canada’s focus on foreign trade is that, in many cases, it is actually easier for Canadian companies to do business across international borders than it is within our own country,” says the Business Council of Alberta.

https://nationalpost.com/news/canada/its-time-to-tear-down-internal-trade-walls-but-how-close-are-we-to-doing-so

[BillyCarpenter]

We know, but your interest is appreciated.

That's rich, isn't it?

[Copier Addict]

That's rich, isn't it?

It's absolutely ridiculous

[BillyCarpenter]

It's absolutely ridiculous

I hope Canadians aren't spitting in each other's water over those inter tariffs on Canadian goods.

[SalesServiceGuy]

... in common industry practise, grocery stores consider consumer goods placed on their shelves at eye level, to help to promote a brand. Grocery stores even charge brands a premium to place their goods in these preferred locations.

Across the country, in addition to signs promoting made in Canada product, US made goods are being moved to the bottom row of shelves.

[SalesServiceGuy]

It's time to 'tear down interprovincial trade walls'. But how close are we to doing it?


Often easier for Canadian companies to do business across international borders than within our own country, says Business Council of Alberta



“One of the profound ironies of Canada’s focus on foreign trade is that, in many cases, it is actually easier for Canadian companies to do business across international borders than it is within our own country,” says the Business Council of Alberta.


https://nationalpost.com/news/canada...we-to-doing-so

Last week, directly due to the threats of US tariffs, Prime Minister Trudeau hosted a trade conference with all of the Canadian Preimiers on how to remove as many inter provincial trade barriers as possible. Canada is trying to decouple it's economy away from the USA as fast as possible.

[BillyCarpenter]

Last week, directly due to the threats of US tariffs, Prime Minister Trudeau hosted a trade conference with all of the Canadian Preimiers on how to remove as many inter provincial trade barriers as possible. Canada is trying to decouple it's economy away from the USA as fast as possible.

Get it done. Not a good look.

[bsm2]

[bsm2]

BTW Trump just added 6,000.00 thousand to every car from Mexico or Canada

Make America Pay More Again

WATCH
EU vows countermeasures against US steel and aluminum tariffs, warns of trade impact
by ALEXX ALTMAN-DEVILBISS | The National News Desk
Tuesday, Feb 11th 2025



European Commission President Ursula von der Leyen addresses the audience at the Grand Palais during the Artificial Intelligence Action Summit in Paris, Tuesday, Feb. 11, 2025. (AP Photo/Michel Euler)
WASHINGTON (TNND) —
European Union Chief Ursula von der Leyen vowed Tuesday that U.S. tariffs on steel and aluminum "will not go unanswered" and trigger countermeasures.

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"I deeply regret the US decision to impose tariffs on European steel and aluminum exports," von der Leyen said in a statement. "Tariffs are taxes - bad for business, worse for consumers. Unjustified tariffs on the EU will not go unanswered—they will trigger firm and proportionate countermeasures. The EU will act to safeguard its economic interests. We will protect our workers, businesses and consumers."

[bsm2]

China imposes retaliatory tariffs on $14bn worth of US goods

Oh Joy pay more for everything under the Drump Administration

[Copier Addict]

China imposes retaliatory tariffs on $14bn worth of US goods

Oh Joy pay more for everything under the Drump Administration

Are you trying to tell us that trumpy telling countries to not impose retaliatory tariffs didn't work? Really?
BOB(Big Orange Buffoon) is a complete joke to the rest of the world.

[SalesServiceGuy]

If the U.S. were to proceed with all the tariffs it's threatening next month, there's no way they'd all be compounded atop each other into one astronomical total, right? Wrong, says the Trump administration.

The White House said Tuesday that should all its trade actions take effect in March, it would indeed pile tariff on top of tariff, to reach the larger number of 50 per cent on some items.

At the moment, the U.S. is threatening two actions: a worldwide tariff of 25 per cent on steel and aluminum starting March 12, and it has also paused, until March 4, the threat of an economy-wide 25 per cent tariff on Canada and Mexico while it works on border-security deals with both countries.

CBC News sought clarity from the White House on how these actions would work together. A White House official replied: "If the prior tariffs that were paused are reinstated, they would stack on each other, so 25 per cent [plus] 25 per cent."

Meanwhile, President Donald Trump is threatening even more tariffs for a variety of reasons, including on automobiles. These threats, taken together, hint at a penalty so eye-watering that it will inevitably fuel speculation about just how much of this is real and how much is intended as negotiating leverage for Trump.

The U.S. is deeply reliant on Canadian aluminum, in particular, and critics of the tariffs argue they will merely punish U.S. companies importing a product they will need for the foreseeable future.

[SalesServiceGuy]

Are you trying to tell us that trumpy telling countries to not impose retaliatory tariffs didn't work? Really?
BOB(Big Orange Buffoon) is a complete joke to the rest of the world.

Unlike the blanket tariffs imposed by the US, China’s countermeasures—ranging from 10% to 15% levies—target key American exports, including liquefied natural gas, coal, crude oil, farm equipment and certain automotive products. Analysts view Beijing’s approach as leaving room for potential negotiations to prevent a broader trade war.

However, by Sunday’s deadline, no agreement had been reached. China’s embassy in Washington confirmed that the tariffs took effect at 12:01 a.m. Beijing time on Monday (11:01 a.m. Sunday in Washington, D.C.), according to reports.

Starting February 10, China will impose a 15% border tax on U.S. coal and liquefied natural gas imports, alongside a 10% tariff on American crude oil, agricultural machinery, and large-engine vehicles.