Trump Tariff will Kill the Economy

[BillyCarpenter]

Canadian food companies plan to expand production to U.S. as tariffs loom

https://www.theglobeandmail.com/business/article-trump-tariffs-canadian-food-manufacturers-mull-moving/

[BillyCarpenter]

... clearly, you are pulling that statement out of your ass!

When you have proof that has happened, let us know.

According to recent reports, a significant number of Canadian companies are planning to shift some of their investments and operations to the United States, particularly due to potential tariffs and the desire to maintain market access in the larger U.S. market; this trend is highlighted by a KPMG survey indicating almost half of Canadian businesses are considering such a move.
Key points about Canadian companies moving to the USA:

• Market access:
  The primary reason for Canadian companies moving to the U.S. is to better access the larger American market and avoid potential trade barriers like tariffs.
• KPMG survey findings:
  A recent KPMG report suggests that a large proportion of Canadian businesses are actively considering moving operations or investments to the U.S.
• Impact of tariffs:
  Trade tensions between Canada and the U.S., including potential tariffs, are a major factor driving Canadian companies to expand into the American market.

[SalesServiceGuy]

Ultimately, many of these companies in Canada will move to the USA or go bankrupt.

... clearly, you are pulling that statement out of your ass!

When you have proof that has happened, let us know.

[SalesServiceGuy]

"Not imported from the USA"

The great majority of copier/ printer/ label printer products sold by Toshiba Canada are "not imported from the USA" and will not be subject to price shocks caused by any potential US tariffs. The great majority of Toshiba OEM goods enter Canada via the Port of Vancouver from various Asian countries.

[BillyCarpenter]

Ultimately, many of these companies in Canada will move to the USA or go bankrupt.

[SalesServiceGuy]

The US Chamer of Commerce was saying today that it was worried about the effect on American workers and businesses regarding the proposed Trump steel and aluminum tariffs.

The European Economic Union called the proposed Trump tariffs unjustified and would be forced to impose coordinated tariffs aginst the USA.

[SalesServiceGuy]

Ford Motor CEO Jim Farley saying Trump's tariffs, whether implemented or threatened, are causing "chaos" for the U.S. automotive industry.

Farley described this week's 25% tariffs on steel and aluminum, as well as threatened levies of the same amount on Mexico and Canada, as currently adding "a lot of cost, and a lot of chaos" to the industry.

[SalesServiceGuy]

The USA does not buy product from Canada because we are nice, it is because the USA needs these products at these prices to be competitive in the global marketplace.

All US steel and aluminum producers output costs are higher than Canada's. Plus, their output capacity is much lower.

The US defence and ship building industries depend on lower cost Canadian goods. Sooner or later this is going to become an issue of US national security as it struggles to build enough ships to compete with China.

Additionally, Prime Minister Trudeau met this week with his European counterparts to discuss how they plan to collectively react to the Trump tariff threats.

[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.

[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.

[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.

[bsm2]

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

Oh Joy pay more for everything under the Drump Administration

[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]

[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.