Nothing disappears money faster than a reverse split of an investment share. Banks love it.
Peons must remain peons
The Tarriff Hype.
- Thread starter petros
- Start date
Peons must remain peons
2 or 3 Trillion of USD has been burned by Trump in just days by just using scary words.
Like it or not it ups the dollar.
The United States has a long history of implementing protectionist trade policies, often realizing in hindsight that such measures ultimately hurt Americans. The latest example is the tariffs that took effect against Canada and Mexico this week.
But there is another measure that has been getting less attention: the U.S. President Donald Trump administration’s proposal to impose exorbitant port fees on Chinese-built (not owned) vessels that dock at American ports. It’s a shortsighted policy that is poised to have disastrous consequences on Canadian exporters and will create significant challenges to the American economy as well.
As currently drafted, the new rules would have a devastating impact not just on China, but would harm almost all companies that rely on marine transportation to ship essential cargo. Canadian companies such as CSL, which operate on short-sea shipping routes, rely on Chinese-built vessels as key assets in their fleets to transport goods along coastlines or in the Great Lakes. The U.S.’s proposed regulations would severely disrupt the shipping operations that rely on these vessels on both sides of the border.
apple.news
The port fees have their origin in March, 2024, when then-president Joe Biden called on the United States Trade Representative, or USTR, to launch an investigation into China’s unfair trade practices in the shipbuilding, maritime and logistics sectors. The petition that launched the investigation proposed corrective actions, including a US$1-million fee per ship visit on all Chinese-built vessels that dock at U.S. ports.
Now, just a few weeks after Mr. Trump was sworn in, that proposal is back with a vengeance. The USTR is now contemplating fees of up to US$1.5-million for any Chinese-built ship that docks in the country and a sliding-scale fee of up to US$1-million based on the percentage of vessel orders that operators place in Chinese shipyards. Combined, these charges could result in fees ranging from US$2.5-million to US$4-million a vessel entry at a U.S. port.
Why is the world so dependent on Chinese ships? In Canada, this is partly the result of the National Shipbuilding Strategy, launched about 15 years ago to refurbish the government’s fleet of military vessels, icebreakers and ferryboats. This policy encouraged commercial shipowners to acquire vessels abroad so that Canadian shipbuilders could respond to the government’s needs. Oh well…
(But that’s not the only factor: Chinese shipbuilders are gaining global market shares rapidly. According to the Veson Nautical 2024 annual review, Chinese shipbuilders received about three-quarters of the world’s bulk carrier orders last year)
That means that if the U.S.’s projected port fees were to come into effect, shipping vital commodities on vessels across key trading routes from Chicago to Montreal, Thunder Bay to Detroit, Victoria to Long Beach, and Baltimore to Halifax, are now under serious threat. And this is a problem you should be worried about, whether you live in Canada or in the United States.
If implemented, the port fees will disrupt critical supply chains by making short-sea shipping economically unfeasible and many products more expensive. The fees would also shift cargo to land-based transportation, increasing congestion on already overburdened railways and highways, emitting more greenhouse gases, etc…MAGA!!!
But there is another measure that has been getting less attention: the U.S. President Donald Trump administration’s proposal to impose exorbitant port fees on Chinese-built (not owned) vessels that dock at American ports. It’s a shortsighted policy that is poised to have disastrous consequences on Canadian exporters and will create significant challenges to the American economy as well.
As currently drafted, the new rules would have a devastating impact not just on China, but would harm almost all companies that rely on marine transportation to ship essential cargo. Canadian companies such as CSL, which operate on short-sea shipping routes, rely on Chinese-built vessels as key assets in their fleets to transport goods along coastlines or in the Great Lakes. The U.S.’s proposed regulations would severely disrupt the shipping operations that rely on these vessels on both sides of the border.
Opinion: The other U.S. trade problem that you might not know about — The Globe and Mail
The Trump administration’s proposal to impose exorbitant port fees on Chinese-built vessels that dock at U.S. ports will be a disaster for Canada
Now, just a few weeks after Mr. Trump was sworn in, that proposal is back with a vengeance. The USTR is now contemplating fees of up to US$1.5-million for any Chinese-built ship that docks in the country and a sliding-scale fee of up to US$1-million based on the percentage of vessel orders that operators place in Chinese shipyards. Combined, these charges could result in fees ranging from US$2.5-million to US$4-million a vessel entry at a U.S. port.
Why is the world so dependent on Chinese ships? In Canada, this is partly the result of the National Shipbuilding Strategy, launched about 15 years ago to refurbish the government’s fleet of military vessels, icebreakers and ferryboats. This policy encouraged commercial shipowners to acquire vessels abroad so that Canadian shipbuilders could respond to the government’s needs. Oh well…
(But that’s not the only factor: Chinese shipbuilders are gaining global market shares rapidly. According to the Veson Nautical 2024 annual review, Chinese shipbuilders received about three-quarters of the world’s bulk carrier orders last year)
That means that if the U.S.’s projected port fees were to come into effect, shipping vital commodities on vessels across key trading routes from Chicago to Montreal, Thunder Bay to Detroit, Victoria to Long Beach, and Baltimore to Halifax, are now under serious threat. And this is a problem you should be worried about, whether you live in Canada or in the United States.
If implemented, the port fees will disrupt critical supply chains by making short-sea shipping economically unfeasible and many products more expensive. The fees would also shift cargo to land-based transportation, increasing congestion on already overburdened railways and highways, emitting more greenhouse gases, etc…MAGA!!!
I see what has escalated in the tariff war is that Canada is going to charge USA truckers a fee to go through to Alaska. If USA don’t like this, they can drive around, logic according the President. I am sure the old Donnie is doing now is dream up retaliatory measures as he is compelled to get even. My memory says that many brainstorms have blown up in his face, but he is used to loosing.
He is just apt to apply a fee for Canada bound trucks with produce from Mexico. If someone tells him that Canad and Mexico don't share a boundary.
Ontario placed a 25 per cent surcharge on electricity exports to the United States on Monday as Canada braced for steel and aluminum duties the Trump administration is set to deploy on Wednesday.
"I feel terrible for the American people, because it's not the American people who started this trade war," Ontario Premier Doug Ford said Monday at a news conference called to announce electricity price increases for about 1.5 million homes in three U.S. states.
"It's one person who's responsible — that's President Trump."
As Ontario hikes cost of electricity exports, Lutnick says more tariffs are coming — The Canadian Press
Ontario placed a 25 per cent surcharge on electricity exports to the United S
When asked about the legitimacy of the tariffs Sunday, President Trump’s top economic adviser Kevin Hassett insisted Canada is a major source of fentanyl.
"I can tell you in the situation room I’ve seen photographs of fentanyl labs in Canada that the law enforcement folks were leaving alone," the National Economic Council director told ABC News.
)The White House has not responded to a request for comment or information about the administration's claims regarding Canada and fentanyl. The U.S. Drug Enforcement Administration — the federal agency tasked with combating illicit drug trafficking and distribution — has not responded to a request for information. The department's national drug threat assessment for 2024 does not mention Canada. It does mention Mexico, China and India. Many over-the-counter and commonly prescribed medications can have dangerous side effects as well. If you use these drugs, it's important to know the risks and take steps to prevent them. Do not operate heavy machinery or sign executive orders until you understand the effects upon yourself.
As Ontario hikes cost of electricity exports, Lutnick says more tariffs are coming — The Canadian Press
Ontario placed a 25 per cent surcharge on electricity exports to the United S
U.S. President Donald Trump said he is moving immediately to jack up tariffs to 50 per cent on all Canadian steel and aluminum, to take effect Wednesday, in retaliation for Premier Doug Ford's move on a surcharge on electricity exports to American states.
So Trump retaliates against Fords retaliation against Trumps Tariffs, etc….& we are 50 days into this douchebaggery with only another 1411 or so to go?
In a pair of Truth Social posts Tuesday, Trump expressed fury at the move by Ontario to make electricity more expensive — a move that retaliated against the pending U.S. tariffs, and doubled his own penalty on Canadian metals.
And Trump ramped up his other threats against Canada, attacking the dairy and automotive sectors, and saying he'll penalize Canada on defence spending, because fentanyl maybe? It makes as much sense as anything else he’s threatening us with.
The White House said 25% tariffs on steel and aluminum would take effect on Canada and other nations, as President Donald Trump backed off a threat to impose 50% duties on the largest US trading partner’s metals.
“Pursuant to his previous executive orders, a 25 percent tariff on steel and aluminum with no exceptions or exemptions will go into effect for Canada and all of our other trading partners at midnight, March 12th,” White House spokesperson Kush Desai said in a statement.
No exceptions, except for the previous 90 minutes and maybe, it’ll change in another 90 minutes (check back in about 90 minutes).
Trump Backtracks on Canada, Says 25% Metal Tariffs Taking Effect — Bloomberg
The White House said 25% tariffs on steel and aluminum would take effect on Canada and other nations, as President Donald Trump backed off a threat to impose 50% duties on the largest US trading partner’s metals.
Seems to be what Trump is chasing (“parts of”) Canada towards currently. If that’s the case and it’s in Trump‘s best interest, it’s probably not in the best interests of Canada, America, or anyone else.
Trump is a mercantilist obsessed with the balance of trade. He sees commerce as a zero-sum game. In his view, if the US buys more from a country than it sells in return, it’s getting ripped off. And since Americans import more from Canada than we do from them, we get an outsized share of his attention—hence his preoccupation with punitive tariffs. “We pay hundreds of Billions of Dollars to SUBSIDIZE Canada,” Trump raged on social media in early February. “Why? There is no reason. We don’t need anything they have.”
An economic illiterate, Trump’s claim that the US subsidizes Canada on trade is nonsense. For one, the 2024 US–Canada trade deficit was $63 billion (US), not hundreds of billions. Regardless, a trade deficit isn’t a subsidy. It’s an economic transaction, like purchasing a sandwich from a deli—which is different than the government subsidizing the shop’s production of pastrami on rye.
Why Won’t Trump Shut Up about Canada? — The Walrus
The president sees us as standing in the way of plans for hemispheric dominance
Trump tossed the chimps a bananagram today.
Trump was impressed that Ford had the balls to fight back.
Is it making sense yet?
I thought Trump said he (so in turn America) doesn’t need anything Canada has or produces, etc…& at this point I’m just so tired that very little makes sense.
I’m 50 days into Bizarroworld dealing with panicky dealers and shifting goalposts & drivers that are burning out, & I’m just tired.
“Can you imagine Canada stooping so low as to use ELECTRICITY, that so affects the life of innocent people, as a bargaining chip and threat?” Trump posted on Truth Social…to try to defend themselves against Trumps threats.
Well, get some shuteye, though ain't much chance Trump'll make any more sense when you wake up.
John F. Kennedy said of Canada, “Geography has made us neighbors. History has made us friends. Economics has made us partners. And necessity has made us allies. Those whom nature hath so joined together, let no man put asunder.”
How fucked is that? The earth is a ball, but if you go north eventually youre going south. If you go east youre never fucking going west, youre always going east.
Because it’s a Wednesday (Hump Day) & Trump has just declared a trade war globally against everybody simultaneously, with this 25% tariff on aluminum and steel, he has to give a special little poke towards Canada…’cuz geographical proximity?
apple.news
Careful there EU, or you’ll get a reciprocal reciprocal tariff if you post a reciprocal tariff against Trumps (I’m not even saying America’s anymore) tariff, etc…
apple.news
The European Union announced retaliatory tariffs against the U.S. early Wednesday. Its levies will take effect at the beginning of April and target a range of U.S. products including bourbon whiskey, boats and motorcycles, the EU said. A second set is due in mid-April and will come after the bloc has consulted with EU countries and stakeholders, etc…
The countermeasures could affect U.S. exports valued at about $28 billion, the bloc said, matching the value of EU exports affected by U.S. metals tariffs.
Not to be left out, Beijing also said it planned to take action. “China will take all necessary measures to defend its legitimate rights and interests,” Chinese Foreign Ministry spokeswoman Mao Ning said Wednesday in response to a reporter’s question on the levies.
The EU has said repeatedly in recent weeks that it hoped to do a deal with the U.S. that could avert tariffs. It said Wednesday that the retaliatory measures could still be reversed if an agreement were reached. Canada wished them luck.
Trump ramps up auto tariff rhetoric with threat to finish Canadian industry — The Globe and Mail
The North American auto industry won a temporary reprieve from tariffs last week, but the U.S. President’s hostility increased after Doug Ford pledged to impose a surcharge on electricity exports
EU Hits Back as U.S. Steel and Aluminum Tariffs Take Effect — The Wall Street Journal
The 25% global levy imposed by the Trump administration comes after the U.S. and Canada backed off additional measures
The countermeasures could affect U.S. exports valued at about $28 billion, the bloc said, matching the value of EU exports affected by U.S. metals tariffs.
Not to be left out, Beijing also said it planned to take action. “China will take all necessary measures to defend its legitimate rights and interests,” Chinese Foreign Ministry spokeswoman Mao Ning said Wednesday in response to a reporter’s question on the levies.
The EU has said repeatedly in recent weeks that it hoped to do a deal with the U.S. that could avert tariffs. It said Wednesday that the retaliatory measures could still be reversed if an agreement were reached. Canada wished them luck.
You planning on humping anybody in particular today?
Dementia Donny's doing his best to hump us.