Trump Tariff will Kill the Economy

[BillyCarpenter]

If one goes looking for bad, one is sure to find it.

Trust me, it isn't hard to find. You have your head buried in the sand and that's the reason you're oblivious.


Let's continue this adult conversation. You said things are good to very good in Canada. Please list all the goodness. There must be a reason you say this. Right?

[Copier Addict]

You wanted to have an adult conversation. I'm posting all facts on the the current condition of Canada. None of it is good to very good. It's mostly bad. The average Canadian is suffering. You're full of shit.

If one goes looking for bad, one is sure to find it.

[BillyCarpenter]

I didn't attribute anything to Trudeau.
Post anything you want. I appreciate your interest in Canada. Even if it is just to be spiteful. Knock yourself out, Skippy

You wanted to have an adult conversation. I'm posting all facts on the the current condition of Canada. None of it is good to very good. It's mostly bad. The average Canadian is suffering. You're full of shit.

[bsm2]

[Copier Addict]

Finally, you admit that you think Canada is good to very good under the leadership of Trudeau.


I'll be posting a slew of stuff to show just how wrong you are. Starting with this one.



Canada has had the worst growth in income per person in the G7 since Justin Trudeau took office.
Trudeau's inflationary debt, taxes & red tape have led to the worst decline in our living standards in forty years.

image.png

I didn't attribute anything to Trudeau.
Post anything you want. I appreciate your interest in Canada. Even if it is just to be spiteful. Knock yourself out, Skippy

[BillyCarpenter]

The benchmark price for a Canadian home has more than doubled over the past decade, reaching $760,600 in June. Trudeau’s government, which took power in 2015, has also steadily raised its annual immigration targets, with more than one million people arriving last year, straining an already tight housing supply.

https://financialpost.com/real-estate/soaring-housing-costs-disastrous-consequences-trudeau

[BillyCarpenter]

Does this sound good to very good?



Monthly food bank use soars to record 2 million, driven by cost of groceries, housing

https://www.ctvnews.ca/canada/monthly-food-bank-use-soars-to-record-2-million-driven-by-cost-of-groceries-housing-1.7089001

[BillyCarpenter]

It's somewhere between good and very good
Just so you know, over half of Trudeau's stint has been in a minority situation. That means they didn't have enough seats to be able to pass legislation without having support from one of the other parties.

Finally, you admit that you think Canada is good to very good under the leadership of Trudeau.


I'll be posting a slew of stuff to show just how wrong you are. Starting with this one.



Canada has had the worst growth in income per person in the G7 since Justin Trudeau took office.
Trudeau's inflationary debt, taxes & red tape have led to the worst decline in our living standards in forty years.

image.png

[Copier Addict]

One stint is this case is about 10 years. If things aren't fucked up in Canada, what word would you use to describe it? Poor? Good? Very good? Great?

It's somewhere between good and very good
Just so you know, over half of Trudeau's stint has been in a minority situation. That means they didn't have enough seats to be able to pass legislation without having support from one of the other parties.

[SalesServiceGuy]

Ricoh to Move Part of Its China
Production to Thailand Amid U.S. Tariffs Threats.

Ricoh, a leading printer and imaging solutions company, has announced plans to shift some of its manufacturing operations from China to Thailand in response to the threat of a 60% import tariff on Chinese-made goods proposed by U.S. President-elect Donald Trump. The move comes as companies across the globe are rethinking their supply chains and production strategies to mitigate the impact of potential trade barriers under the incoming U.S. administration.

The Japanese company, which has a significant presence in China, produces various types of printers, copiers, and other imaging products at its Chinese facilities. With the new tariff on products imported from China to the U.S., Ricoh is strategically adjusting its production lines to avoid the hefty duties that would severely affect its business in the American market.

Ricoh is not alone in making such shifts. Other major multinational corporations are exploring similar tactics to sidestep increased U.S. tariffs on goods manufactured in China. Thailand, with its lower labor costs and favorable trade agreements, is becoming a preferred alternative for many businesses that want to maintain their manufacturing capacity in Asia while minimizing the financial impact of the Trump administration’s protectionist policies.

The decision to relocate production is a significant move for Ricoh, which relies on the U.S. market as a major revenue source. With increasing uncertainty around trade policies and the potential for higher operational costs, the company is working to ensure its competitiveness in the global market by adjusting its supply chain strategy.

Ricoh has not disclosed the full extent of its planned shift, but analysts expect that the move will involve a substantial portion of its manufacturing that would otherwise be subject to the proposed tariffs. The company has made it clear that it will continue to monitor the evolving trade situation closely to adjust its plans accordingly.

... The new Ricoh/ Toshiba Tec joint venture to manufacture copiers intends to build product outside of China, maybe Japan, with a production line heavily relying on robots.

[SalesServiceGuy]

HP Ramps Up Supply Chain Shifts in Anticipation of Trump’s Return.

In the face of looming tariffs and the uncertain political climate, HP is accelerating efforts to reorganize its supply chain ahead of the 2024 U.S. presidential election. With Donald Trump set to return to the White House, the company is preparing for a potential increase in tariffs on Chinese-made electronics, a move that could impact costs and profitability.

As part of a broader trend seen across major tech companies, HP is racing against the clock to shift manufacturing and component sourcing away from China before January 2025. The company, alongside rivals such as Microsoft and Dell, has been instructing suppliers to ramp up production in alternative locations outside China to mitigate the financial impact of anticipated tariff hikes.

HP, which heavily relies on Chinese factories for parts for its popular laptop and printer lines, is making significant moves to diversify its supply chain. Key components such as semiconductors and display panels are being sourced from other Asian countries, including Vietnam and Taiwan. The company is also working closely with its global supply partners to move assembly lines for its flagship products, such as the Spectre laptops and LaserJet printers, outside of China.

Industry sources have revealed that HP’s shift is not only driven by the fear of tariffs but also by the broader trend of companies diversifying their supply chains in response to geopolitical risks and tensions between the U.S. and China. This strategy, aimed at reducing dependency on Chinese manufacturing, is becoming more urgent with Trump’s re-election campaign gaining momentum.

HP’s supply chain shifts are part of a larger pattern that includes adjustments from other tech giants. Microsoft, for example, is focusing on increasing the production of its cloud server components outside China, and Dell has similarly been accelerating its efforts to relocate assembly of PCs and other products to countries such as Mexico and India.

The risk of higher tariffs on Chinese-made electronics could significantly raise costs for HP and its competitors, forcing companies to either absorb these additional expenses or pass them on to consumers. Analysts predict that any escalation in trade tensions between the U.S. and China could have a direct effect on consumer prices and profits, making the need for swift action even more critical.

As January 2025 draws nearer, HP’s focus on diversifying its supply chain underscores the pressure that major corporations are under to ensure that they can continue to operate efficiently, regardless of the political shifts in Washington. While these efforts may help in the short term, the long-term outlook for the tech industry remains uncertain as global trade dynamics continue to evolve.

[BillyCarpenter]

No, one person in one stint as leader can't make things "super fucked up"

One stint is this case is about 10 years. If things aren't fucked up in Canada, what word would you use to describe it? Poor? Good? Very good? Great?

[Copier Addict]

You want to keep things the same and expect things will get better. Brilliant.

Maybe I wasn't clear enough.
No, things are not "super fucked up"
No, one person in one stint as leader can't make things "super fucked up"
Yes, if I only had the choice between Poilievre and Trudeau, I would choose Trudeau
No, everyone else isn't a moron

[SalesServiceGuy]

Trump’s Tariff Threats Drive U.S. Container Imports to New Heights.
Corporate Concerns Over Tariffs Fuel Stockpiling and Supply Chain Shifts.

With the impending threat of President-elect Donald Trump’s aggressive tariff policies, businesses worldwide are taking proactive measures to mitigate the potential financial blow. As companies increasingly move to stockpile goods ahead of these tariffs, U.S. container imports are reaching unprecedented levels.

According to Descartes Datamyne, a U.S. customs data agency, U.S. container imports hit 2.49 million TEU (Twenty-foot Equivalent Units) in October, marking the fourth consecutive month above 2.4 million TEU. This surge mirrors the post-pandemic boom of 2021-2022, which led to severe port congestion and delays. From January through October of this year, container shipments to the U.S. increased by 13.1% compared to 2023, and were up 16.9% from the same period in 2019.

The so-called “Trump Tariffs” are playing a key role in this trend. During his campaign, Trump proposed imposing a blanket tariff of 10-20% on all imports, with a 60% tariff on goods from China. In anticipation of these moves, many U.S. importers have been rushing to stockpile inventory, leading to the increase in container volume.

Notably, imports from China, which are likely to face the highest tariffs, have surged. In October, imports from China reached 960,000 TEU, an 8.3% increase over the previous year. This marks the fifth time this year that monthly imports from China have topped 900,000 TEU, a level not reached at all in 2023. Shipments from other countries, such as Vietnam—home to many Chinese production facilities—are also on the rise.

While the stockpiling trend represents a short-term reaction to tariff fears, companies are also looking to make long-term adjustments to their supply chains. For instance, Japanese optical device maker Ricoh is considering shifting production of certain products for North American markets from China to Thailand. Similarly, U.S. retailer Steve Madden has announced plans to diversify its sourcing from China to countries like Cambodia and Vietnam.

Despite these adaptations, there are concerns that businesses’ heightened anxiety over tariffs could stifle investment and undermine economic efficiency. The Nikkei warned that the U.S.-China tariff conflict during Trump’s first term contributed to a global economic slowdown in 2019, with businesses facing additional burdens due to rising inventories and production changes. IMF Managing Director Kristalina Georgieva also cautioned that trade restrictions could cost the global economy up to 7% of GDP—equivalent to the combined economies of Japan and Germany disappearing.

As businesses continue to adjust to the evolving trade landscape, the current spike in U.S. cargo volumes highlights the profound impact of anticipated tariffs on global trade. While the long-term consequences remain unclear, the immediate effects reveal the complex decisions companies must make in the face of geopolitical uncertainty.

[BillyCarpenter]

No. No. Yes. No

You want to keep things the same and expect things will get better. Brilliant.