The Tarriff Hype.
- Thread starter petros
- Start date
We see that old Donnie makes up game plan, initiates it, before he can go through the thought process, finds out that his game plan can be broken, then he he has to “get even.” Economists are saying that the USA Economy is moving downward and we will have to see how that turns out the USA. If old Donnie’s game plan is to trash the USA in the world market, thank the people who voted him in.
Money burning - Wikipedia
For the purposes of macroeconomics, burning money is equivalent to removing the money from circulation, and locking it away forever; the salient feature is that no one may ever use the money again. Burning money shrinks the money supply, and is therefore a special case of contractionary monetary policy that can be implemented by anyone. In the usual case, the central bank withdraws money from circulation by selling government bonds or foreign currency. The difference with money burning is that the central bank does not have to exchange any assets of value for the money burnt. Money burning is thus equivalent to gifting the money back to the central bank (or other money issuing authority). If the economy is at full employment equilibrium, shrinking the money supply causes deflation (or decreases the rate of inflation), increasing the real value of the money left in circulation.
Assuming that the burned money is paper money with negligible intrinsic value, no real goods are destroyed, so the overall wealth of the world is unaffected. Instead, all surviving money slightly increases in value; everyone gains wealth in proportion to the amount of money they already hold.[2] Economist Steven Landsburg proposes in The Armchair Economist that burning one's fortune (in paper money) is a form of philanthropy more egalitarian than deeding it to the United States Treasury.[2] In 1920, Thomas Nixon Carver wrote that dumping money into the sea is better for society than spending it wastefully, as the latter wastes the labor that it hires.[3]
You're a pathetically bad liar.
Like Dementia Donny is capable of a "thought process."
Sorry, I was trying to give him the benefit of doubt about how he is doing with his program. Try and be nice, somebody has to oppose.
After my initial thought of equal repressive tariffs, I have come to the conclusion they will hurt Canadians more than Americans, and put more money in the federal coffers for no good reason.
I now feel that the best thing for us to do is avoid buying as many American products as possible, and either add export taxes or avoid shipping altogether of any minerals and base materials to the US.
Much as I dislike dealing with China, we could increase exports of raw materials to them, and buy as small an amount of manufactured products back as possible while we look for other dependable suppliers.
Not a chance. I worked on the Kitamatt Smelter. My son worked on the LNG plant there. It takes years. Even taking an existing plant and moving it is a several year project. There is also the training of new staff to consider.
It takes years due to bullshit and lack of labour.
100 years ago it took 2 years to build the Empire State Building. Hoover Dam took 5. Hundred of factories were retooled to build tanks and bomber in a few months for WW2.
These days it takes 2 years to build a highway overpass.
It took 4 years. There are no excuses to not work like that again.
Sooooo. We've been lied to....again.
25% tariffs only apply to non-USMCA xompliant automobiles not straight across the board as according to Carney and the chimps.
25% tariffs only apply to non-USMCA xompliant automobiles not straight across the board as according to Carney and the chimps.
President Trump said in a middle-of-the-night social media post early Thursday that he would come after the European Union and Canada if they banded together to “do economic harm” to America, opening a new front in the unfolding trade war.
“If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!” Mr. Trump wrote.
The EU is a country now? Anyway, who’s threatening whom?
apple.news
This new Trumpian warning comes after Trump signed an executive order Wednesday for 25 per cent tariffs on all foreign-made cars and light trucks, in addition to tariffs already in place on those goods.
The U.S. has so far imposed 25 per cent tariffs on all Canadian goods, as well as an additional 25 per cent on steel and aluminum imports and a 10 per cent levy on Canadian energy imports.
Trumps Global “reciprocal” tariffs on all foreign imports, including from Canada, are also planned for April 2, which is when the auto tariffs are set to take effect.
“If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!” Mr. Trump wrote.
The EU is a country now? Anyway, who’s threatening whom?
Business Matters: Trump threatens ‘large scale’ tariffs on Canada, EU — Global News
U.S. President Donald Trump is threatening “large scale” tariffs on Canada and the European Union (EU) after announcing a fresh round of tariffs on auto imports that will hit next week. Anne Gaviola has this story and more in Business Matters for Thursday March 27, 2025.
The U.S. has so far imposed 25 per cent tariffs on all Canadian goods, as well as an additional 25 per cent on steel and aluminum imports and a 10 per cent levy on Canadian energy imports.
Trumps Global “reciprocal” tariffs on all foreign imports, including from Canada, are also planned for April 2, which is when the auto tariffs are set to take effect.
Ah, the famous middle-of-the-night toilet tweets!
I'm not real fond of Trump, but at least we got the President conservatives the world 'round wanted.
I do hope they're enjoying it.
I'm not real fond of Trump, but at least we got the President conservatives the world 'round wanted.
I do hope they're enjoying it.
Trump is going European....President Trump said in a middle-of-the-night social media post early Thursday that he would come after the European Union and Canada if they banded together to “do economic harm” to America, opening a new front in the unfolding trade war.
“If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!” Mr. Trump wrote.
The EU is a country now? Anyway, who’s threatening whom?
View attachment 28370
View attachment 28371
View attachment 28372
View attachment 28373
View attachment 28374
View attachment 28375
This new Trumpian warning comes after Trump signed an executive order Wednesday for 25 per cent tariffs on all foreign-made cars and light trucks, in addition to tariffs already in place on those goods.Business Matters: Trump threatens ‘large scale’ tariffs on Canada, EU — Global News
U.S. President Donald Trump is threatening “large scale” tariffs on Canada and the European Union (EU) after announcing a fresh round of tariffs on auto imports that will hit next week. Anne Gaviola has this story and more in Business Matters for Thursday March 27, 2025.
The U.S. has so far imposed 25 per cent tariffs on all Canadian goods, as well as an additional 25 per cent on steel and aluminum imports and a 10 per cent levy on Canadian energy imports.
View attachment 28376
Trumps Global “reciprocal” tariffs on all foreign imports, including from Canada, are also planned for April 2, which is when the auto tariffs are set to take effect.
VAT rates vary per EU country. The EU's standard minimum VAT rate is 15% for its 27 member countries. The actual VAT rates of the EU countries range between 17% and 27%. Switzerland is not part of the EU and has a standard VAT rate of 8.1%, which is far lower than neighboring countries.
What is EU value-added tax (VAT) & VAT OSS? - Stripe
Trump is tariffing more than Ontario’s auto sector, right? I thought it was broad tariffs on everything from Canada?
apple.news
Carney says he'll speak to Trump soon, promises to fight back on auto tariffs — CBC News
Calling the U.S. an unreliable partner, Prime Minister Mark Carney vowed Canada will retaliate if President Donald Trump moves ahead with his proposed auto tariffs next week and promised "economic autonomy" going forward.
Silly fellow! Haven't you caught on yet? It's whatever Trump toilet-tweeted last night.
Retaliate against what? How many non-USMCA compliant vehicles and parts are we exporting to the US? All of them?Trump is tariffing more than Ontario’s auto sector, right? I thought it was broad tariffs on everything from Canada?
Carney says he'll speak to Trump soon, promises to fight back on auto tariffs — CBC News
Calling the U.S. an unreliable partner, Prime Minister Mark Carney vowed Canada will retaliate if President Donald Trump moves ahead with his proposed auto tariffs next week and promised "economic autonomy" going forward.
To avoid potential tariffs, Canadian goods entering the US must be USMCA-compliant, meaning they meet specific "rules of origin" and can be certified as such, allowing for preferential tariff treatment.
Here's a more detailed explanation:
Here's a more detailed explanation:
- What is USMCA?
The United States-Mexico-Canada Agreement (USMCA), also known as CUSMA in Canada, is a free trade agreement that replaced NAFTA.
- Rules of Origin:
To benefit from USMCA, goods must meet specific rules of origin, which vary by product type, ensuring that they are either wholly produced in North America or contain a certain percentage of North American content.
- Certification:
Importers need to provide a "certificate of origin" to customs authorities, confirming that the goods meet the USMCA rules of origin.
- USMCA-compliant goods:
These goods are eligible for preferential tariff treatment, meaning they may be subject to lower tariffs or even duty-free treatment, compared to non-USMCA goods.
- Examples of USMCA-compliant goods:
Many goods are covered, including autos, trucks, textiles, and other products, but the specific rules of origin vary by product.
- Recent Tariff Suspension:
In March 2025, the Trump administration temporarily suspended tariffs on USMCA-compliant goods from Canada and Mexico, but this was a temporary measure.
- Importance of USMCA Compliance:
Businesses should assess their supply chains and ensure that their products meet USMCA requirements to avoid tariffs and maximize trade opportunities.
- Further Information:
For specific information on USMCA rules of origin and certification requirements, businesses can consult the U.S. Customs and Border Protection (CBP) website or contact trade advisors.