The Tarriff Hype.
- Thread starter petros
- Start date
- Canada and Mexico: Trump's 25% across-the-board tariffs on its US neighbors went into effect on Tuesday, March 4. Just two days later, Trump confirmed the US would pause tariffs on goods and services compliant with the United States-Mexico-Canada Agreement (USMCA) until April 2. For its part, Canada retaliated to the steel and aluminum tariffs with new duties on about $20 billion of US goods.
- http://finance.yahoo.com/news/live/...-reportedly-push-for-20-duties-191201624.html
- Read that however you wish to.
I, honestly, am just tired. We have been trying to dissect the evolving language for a couple of months now, as is everybody else, and the only consistent thing is it’s consistent inconsistency.
I hope this shit all blows over to be honest, but it’s a day-to-day thing, & we’ve been working towards tomorrow for the last couple of months. Now we wait and see. No I’m not wishing for a trade war.
Going by USMC, if it's broken there is a 60 day window before tariffs can apply. 60 days from now we'll have a new Govt renegotiating USMCA and preparing for G7 in Kananaskis.
All this as WW3 opens another front in Yemen and soon Iran. Gold hit a new record high yesterday with oil jumping due to Iran.
Inflation is not going away and Bank of Canada ended quantative tightening in January. Good timing.
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Or we are being played on both side of the 49th and the 25% is going to a fund a war economy.
What do we do about the Quebec bilingual language laws that state everything has to be written on the same product twice, once in each language, if we don’t diversify away from America even to a token extent? You know that’s a trade obstacle that’s gonna come up if it hasn’t already, & it probably has a much greater impact on the American economy than illegal Mexican potatoes pickers from Canada sneaking across the Idaho border, fentanyl or not.
When export to US Spanish is the other language on the cereal box.
The only new markets that are open are ones filling the Russian void. We don't have the goods to fill it and when Russia comes back we'll lose it.
We're also enabling and funding a nation and competitor to the EU gas market. Israel using gas from occupied Syria.
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Is that bilingual factor law in the US? If your aunt had balls, would she be your uncle, etc…
Depends. It's a goes where necessary without needing to be forced nationwide.
When’s the last time you bought a can of soup in Saskatchewan that wasn’t bilingually labelled?
I get stuff brought up on a semi regular basis from the US and right down to cough syrup for the grandkids when there was a shortage up here in Canada, it’s in one language. Cheaper for the manufacturers that have to label it all I’d assume.
Not like there’s not Spanish speaking folks (& lots of them) in the Goshen IN Walmart.
No, it's not. We have some labelling laws, but they're all about elfin safety.
Maybe you aren't looking amigo.
Tri this out. Start at the part that says ADVERTENCIA on Canadian Downey.
If in Arizona French is #3 or nonexistent. Don't really need Español in Iowa so you won't see it. As stated it's where needed by demographics and not by force.
Just like Mexico but French first instead of Spanish with English second .
In Metro Vancouver ATMs in certain areas are in Mandarin then you pick English from a list.
Will do when time permits, probably this evening.
Trump has kept the world guessing on the details of the tariff plans, which were still being formulated ahead of a White House Rose Garden announcement ceremony scheduled for 4 p.m. Eastern Time (2000 GMT).
U.S. stock indexes opened sharply lower on Wednesday, extending a selloff that has erased nearly $5 trillion of value since February.
The new duties are due to take effect immediately after Trump announces them, while a separate 25% global tariff on auto imports will take effect on April 3.
As of Wednesday morning, the White House had not published an official notice of either set of tariffs, as it is required to do before they take effect. The administration also has declined to comment on reports that Trump was considering a 20% universal tariff.
Trump to impose sweeping tariffs, escalating global trade tensions — Reuters
President Donald Trump proclaimed "Liberation Day" in the United States on Wednesday as he prepared to impose sweeping new tariffs that would escalate a trade war with global partners, increase prices and upend a decades-old trade order.
In just over 10 weeks since taking office, Trump has imposed new 20% duties on all imports from China over fentanyl and fully restored 25% duties on steel and aluminum, extending these to nearly $150 billion worth of downstream products. A month-long reprieve for most Canadian and Mexican goods from his 25% fentanyl-related tariffs is due to expire on Wednesday.
Administration officials have said that all of Trump's tariffs stack atop prior rates, so a Mexican-built car previously charged 2.5% to enter the U.S. would be subject to both the fentanyl tariffs and the autos sectoral tariffs, for a 52.5% tariff rate -- plus any reciprocal tariff Trump may impose on Mexican goods.
Trading partners including Australia, the European Union, Canada and Mexico have vowed to respond with retaliatory tariffs and other countermeasures, even as some have sought to negotiate with the White House. Good times…?