The Tarriff Hype.

petros

The Central Scrutinizer
Nov 21, 2008
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Pretty sure we have that in Canada at least 30 fold, with about 25% being at least second generation Canadians. Interesting question will be (& not even these vehicles entering American commerce), will whoever owns these vehicles be able to just cross the border to go get a jug of milk or take a weekend vacation in the U.S. while driving one?
Go to the US? Nah. Furthest they'll go is the outlet mall.
 

pgs

Hall of Fame Member
Nov 29, 2008
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Pretty sure we have that in Canada at least 30 fold, with about 25% being at least second generation Canadians. Interesting question will be (& not even these vehicles entering American commerce), will whoever owns these vehicles be able to just cross the border to go get a jug of milk or take a weekend vacation in the U.S. while driving one?
Yikes , good point . Never crossed my mind .
 
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Dixie Cup

Senate Member
Sep 16, 2006
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What the Shit? Are this dudes meds conflicting?
I guess almost three hours have passed.
View attachment 32783
If Trump’s eating spicy food tonight, I can’t even imagine what his 3 AM toilet tweets are gonna be like on truth social. I’m putting my $0.05 bet on my bingo card that he’s going to threaten to tariff Antarctica and threaten to invade (& annex) Lichtenstein.
(YouTube & Canada and China are doing way more trade together now)
Trump is renowned for changing his mind. This is nothing new.
 

petros

The Central Scrutinizer
Nov 21, 2008
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What the Shit? Are this dudes meds conflicting?
I guess almost three hours have passed.
View attachment 32783
If Trump’s eating spicy food tonight, I can’t even imagine what his 3 AM toilet tweets are gonna be like on truth social. I’m putting my $0.05 bet on my bingo card that he’s going to threaten to tariff Antarctica and threaten to invade (& annex) Lichtenstein.
(YouTube & Canada and China are doing way more trade together now)
He says shit then the lawyers make him retract it and say "potash" to remind him of no food.
 

Taxslave2

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Aug 13, 2022
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…& America might want to look at which country is its biggest export market for the automotive industry…& what that’s worth in USD. That too can change much like Canadian booze preferences, just not as quickly.

Anyway, Donald Trump appeared to blank on a vow he previously made to Americans during an interview with The New York Times. In audio from the sit-down last week that has since gone viral, Times reporter Katie Rogers asked Trump when Americans could expect to receive the $2,000 checks he had promised, funded “based off of your tariff revenues.”
View attachment 32750
Trump responded: “I did do that? When did I do that?”

“Well, I mean…,” Rogers began.
{Earlier in his second term, Trump similarly floated the idea of sending Americans $5,000 dividend checks using public funds saved through spending cuts and job reductions overseen by billionaire Elon Musk’s so-called Department of Government Efficiency (DOGE). Those checks are still not in the mail…but that’s potentially a different story}
Or, they could actually be in the mail. No guarantee of delivery.
 

Taxslave2

Senate Member
Aug 13, 2022
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Under what appears to be a one-way deal at this point, Carney said Canada will allow 49,000 Chinese-made electric vehicles into the country at a tariff rate of 6.1%. Carney characterized the 49,000 cap as a return to what Canada allowed into the country before the tariffs were imposed in 2024.

He also noted that it amounts to less than 3% of the new cars sold in Canada in any given year.

While we dropped our EV tariffs, China has not done the same on canola, lobsters, crabs, and peas. If China does reduce or lift their tariffs on Canadian agricultural goods, there is only an allusion to those tariffs being lifted from March 1 until the end of 2026, no real commitments beyond there. On canola, it would also still be a 15% tariff on seed exports. Mark Carney said on Friday that China was a more reliable and predictable trading partner than the United States.
Letting in 49000 cars a year makes the trade deal work. I didn't see anywhere that said Canadians have to buy even 1 of those cars.
 

bob the dog

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Aug 14, 2020
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…& America might want to look at which country is its biggest export market for the automotive industry…& what that’s worth in USD. That too can change much like Canadian booze preferences, just not as quickly.

Anyway, Donald Trump appeared to blank on a vow he previously made to Americans during an interview with The New York Times. In audio from the sit-down last week that has since gone viral, Times reporter Katie Rogers asked Trump when Americans could expect to receive the $2,000 checks he had promised, funded “based off of your tariff revenues.”
View attachment 32750
Trump responded: “I did do that? When did I do that?”

“Well, I mean…,” Rogers began.
{Earlier in his second term, Trump similarly floated the idea of sending Americans $5,000 dividend checks using public funds saved through spending cuts and job reductions overseen by billionaire Elon Musk’s so-called Department of Government Efficiency (DOGE). Those checks are still not in the mail…but that’s potentially a different story}
When was the last time you heard a Canadian politician talk about paying down the debt?
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
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Regina, Saskatchewan
When was the last time you heard a Canadian politician talk about paying down the debt?
Poilievre repeatedly, but he doesn’t get much notice lately.

You couldn't make this stuff up. A U.S. president threatens to pile an extra tax on American consumers in order to force a European country to sell him a territory it can't legally sell. Oh, and the tariffs themselves might well be illegal, assuming the Supreme Court finally gets around to making a ruling.

Linking the tariffs directly to sovereignty, and all that entails for nation states, makes it harder for either side to TACO on this one, and throws into doubt all the trade deals already agreed. The EU has already paused ratification of the U.S.-EU agreement, and the U.S.-UK deal has to be in doubt.

At least Trump is using tariffs rather than an actual military invasion (at this point he’s just threatening using force against America’s allies) against a fellow NATO member, risking the end of the alliance, the loss of U.S. bases and air access in Europe, intelligence sharing, billions in defence sales etc etc.

The market reaction has been moderate risk-off, with S&P futures down almost 1% and EU stock futures 1.1%. Gold and silver scaled fresh peaks, while the dollar lost ground to the safe harbour Swiss franc and yen.

It's even down on the euro as analysts note European investors own $8 trillion in U.S. stocks and bonds. Starting a trade war with your biggest creditor is a bold play, Cotton.
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
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Regina, Saskatchewan
The administration of President Donald Trump would enact new tariffs almost immediately if the Supreme Court struck down sweeping global tariffs as illegal that the president launched under an emergency law, U.S. Trade Representative Jamieson Greer told the New York Times in an interview published on Monday.

The Supreme Court could rule on the tariffs in the coming weeks, and possibly as early as Tuesday.

Greer said the administration would "start the next day" to replace the tariffs with other levies, the Times reported.
The challenge to the levies being weighed at the Supreme Court marks a major test of presidential powers as well as of the court's willingness to check some of the Republican president's far-reaching assertions of authority since he returned to office in January 2025. The Trade Representative's office did not immediately respond to a request for comment.
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
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When President Donald Trump unveiled his vast tariff regime targeting imports from almost every country in the world last year, he promised foreign countries would pay the levies and that Americans would reap the rewards. How’s that work’n out for them?
1768952312427.jpeg
But…but a new study published Monday by researchers at the Kiel Institute, an independent economic research institute based in Germany, found that American consumers and importers are paying for the tariffs by an overwhelming margin.😲

“Foreign exporters absorb only about 4% of the tariff burden—the remaining 96% is passed onto U.S. buyers” the authors of the research wrote in a study, which analyzed $4 trillion of shipments between January 2024 and November 2025.😳

The research found that exporters to the U.S. raised prices to account for the tariffs, or kept prices the same while reducing shipments. The study concludes that the $200 billion increase in customs revenue that the U.S. government raised in 2025 was a “tax paid almost entirely by Americans.”🙄

Trump unveiled his sweeping “Liberation Day” tariffs, a signature economic policy that defined his first year in office, on April 2, 2025. The tariffs included a baseline 10% tariff on almost all imports, higher country-specific rates for many trading partners, and additional sector-specific tariffs on autos, steel, and aluminum. Several sporadic tariff announcements followed over the year depending on whom Trump thought slighted him, what kind of mode he was in, how spicy his supper was, or if he had to hit the crapper at 3am or not…🙁

Researchers at the Kiel Institute specifically examined Brazil and India, both of which faced sharp tariff increases in August 2025, and in both cases, exporters did not “eat” the tariffs—a claim Trump often made.🤨

The researchers argued that this could be because exporters found competitive markets elsewhere, or because they “believe tariffs may be temporary or subject to negotiation,” in which case they’d have less incentive to cut costs to maintain volume.😟

In the immediate future, it said consumers are the “ultimate bearers of the burden.”☹️
When are those Mid-Terms again? Not until November? At least they’re in early November I guess.
 
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Ron in Regina

"Voice of the West" Party
Apr 9, 2008
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1768962835478.jpegThe Anti-Coercion Instrument (ACI), nicknamed the trade bazooka, is a regulation of the European Union proposed in December 2021, adopted in November 2023, and that entered into force on 27 December 2023.
1768962887547.jpeg
It aims to protect the EU and its member states from economic coercion by third countries and provides a framework for EU action, including examination, engagement, and the adoption of countermeasures. The ACI had originally been developed primarily as a deterrence tool against China.
1768962607131.jpegAs of January 2026, the ACI has not yet been used.
1768962937769.jpegIn 2026, EU leaders are weighing its potential first use against the United States in response to the Greenland crisis. The Agreement on Reciprocal, Fair, and Balanced Trade, an asymmetrical free trade agreement with the United States, was put on hold by EU leaders in response.

(YouTube & EU threatens use of the 'trade bazooka')1768963023236.jpeg
 

petros

The Central Scrutinizer
Nov 21, 2008
119,523
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Low Earth Orbit
View attachment 32839The Anti-Coercion Instrument (ACI), nicknamed the trade bazooka, is a regulation of the European Union proposed in December 2021, adopted in November 2023, and that entered into force on 27 December 2023.
View attachment 32840
It aims to protect the EU and its member states from economic coercion by third countries and provides a framework for EU action, including examination, engagement, and the adoption of countermeasures. The ACI had originally been developed primarily as a deterrence tool against China.
View attachment 32838As of January 2026, the ACI has not yet been used.
View attachment 32841In 2026, EU leaders are weighing its potential first use against the United States in response to the Greenland crisis. The Agreement on Reciprocal, Fair, and Balanced Trade, an asymmetrical free trade agreement with the United States, was put on hold by EU leaders in response.

(YouTube & EU threatens use of the 'trade bazooka')View attachment 32842
I want a trade bazooka.