The Tarriff Hype.

[Ron in Regina]

President Trump on Tuesday threatened to add additional taxes on Canada if the U.S.’s northern neighbor Canada retaliates with its own, after Canadian Prime Minister Justin Trudeau slammed Trump’s newly implemented tariffs.

“Please explain to Governor Trudeau, of Canada, that when he puts on a Retaliatory Tariff on the U.S., our Reciprocal Tariff will immediately increase by a like amount!” Trump said on Truth Social, using his familiar nickname suggesting that the prime minister would be Canada’s “governor” if the country is acquired by the U.S.

Trump threatens increased tariffs if Canada retaliates — The Hill

President Trump on Tuesday threatened to add additional taxes on Canada if the U.S.’s northern neighbor Canada retaliates with its own, after Canadian Prime Minister Justin Trudeau slammed Trump’s newly implemented tariffs.

apple.news

Sheinbaum (Mexico) warned on Tuesday that she will announce retaliatory tariffs on Sunday. China also threatened to impose up to 15 percent tariffs on imports of certain goods….so I guess Canada is the one Trump will make the example out of then?

 

[Taxslave2]

SO the BC response is to once again pull alcohol from red states of the government owned liquor store shelves. Selling the existing stock that has already been removed once is just stupid.

 

[Ron in Regina]

The S&P 500 dipped by 1.76 percent Monday, the biggest loss since December last year. The Dow Jones also fell by nearly 650 points. The Nasdaq Composite was down 2.64 percent as Nvidia stock dropped by nearly 9 percent. Good times.

 

[Tecumsehsbones]

The S&P 500 dipped by 1.76 percent Monday, the biggest loss since December last year. The Dow Jones also fell by nearly 650 points. The Nasdaq Composite was down 2.64 percent as Nvidia stock dropped by nearly 9 percent. Good times.

Dementia Donny's a businessman, and ya just know he'll be great for the economy!

 

[Ron in Regina]

Dementia Donny's a businessman, and ya just know he'll be great for the economy!

 

[Ron in Regina]

“How dare they defend themselves from my tariffs? I need to put more tariffs!"


U.S. President Donald Trump threatened to escalate the trade war he launched with Canada even further on Tuesday, just hours after imposing his first round of punishing import taxes on all Canadian goods.

Prime Minister Justin Trudeau called Trump's imposition of a 10 per cent tariff on Canadian energy and 25 per cent tariffs on all other goods "dumb" and said Canada is fighting back.

Trump responded in a post on Truth Social, the social media platform he owns, by threatening to introduce even more tariffs on Canada.

"Please explain to Governor Trudeau, of Canada, that when he puts on a Retaliatory Tariff on the U.S., our Reciprocal Tariff will immediately increase by a like amount!" Trump wrote, citing his repeated claim that Canada would be better off if it becomes a U.S. state.

So very Statesman-like. In an earlier post on Truth Social on Tuesday, Trump said if companies move to the U.S., they won't face the tariffs.

As of Tuesday, all gains seen on the S&P 500 since election day in the U.S. were wiped out.

Commerce Secretary Howard Lutnick spread more confusion late Tuesday when he suggested Trump may change the tariffs on Canada and Mexico on Wednesday. It remained unclear what Trump was considering.

Trump threatens increased tariffs if Canada retaliates — The Hill

President Trump on Tuesday threatened to add additional taxes on Canada if the U.S.’s northern neighbor Canada retaliates with its own, after Canadian Prime Minister Justin Trudeau slammed Trump’s newly implemented tariffs.

apple.news

Trump last month signed off on reciprocal tariffs for any country that planned to defend their own nations & economies by putting their own reciprocal tariffs back on the U.S. imposing tariffs, etc…

Wall Street Journal knocks Trump over ‘dumbest tariff plunge’ — The Hill

The Wall Street Journal’s editorial board slammed President Trump on Monday, calling his plan to place tariffs on other countries the “dumbest tariff plunge.”

apple.news

Mexico will respond with retaliatory tariffs after Trump action, Sheinbaum says — The Hill

Mexican President Claudia Sheinbaum said she will announce retaliatory tariffs on Sunday in response to President Trump implementing 25 percent tariffs on goods from Mexico.

apple.news

China hits back at Trump with reciprocal tariffs, sanctions of US firms — South China Morning Post

China has revealed the details of its response to new tariffs from the United States on its exports, sanctioning a number of US firms, slapping additional tariffs of 10-15 per cent on selected American goods and announcing plans to bring a case to the…

apple.news

China seemed to get off reasonably lightly, with just a 10 per cent impost, while India escaped punishment altogether — indicating the tariffs had little, if anything, to do with the drug trade.

In Trump's view of the world, Canada has committed the cardinal sin of being resource-rich, very close and unwilling to entertain the idea that it should become America's 51st State.

As for Mexico, he never got around to finishing the wall in his first term in office.

Australia won't be spared from the shocks caused by Trump's trade war

After a fortnight in the White House, Donald Trump has fired off the big cannon, with tariffs on China, Canada and Mexico. And like it or not, Australia won't be spared from the impacts.

www.abc.net.au

By Tuesday afternoon, Trump was threatening to add reciprocal tariffs to the 25-per-cent already in place. Meanwhile, his commerce secretary, Howard Lutnick, was telling Fox News that the “very fair, very reasonable” American president is ready “to work something out” and meet Canada and Mexico “somewhere in the middle” (???) on the tariffs he’s imposed.

But this is not a reality TV show where you leave viewers in suspense with a cliffhanger that then resolves itself the next day.

This is real life, people’s lives, and the great turning away from America will be irrevocable because Canadians no longer trust their former friends to the south.

John Ivison: Canada might just bloody Trump’s nose before this trade war is over — National Post

The president will only reverse himself if the stench of the economic damage sticks to him

apple.news

 

[Ron in Regina]

“Mr. Lutnick, respectfully, get bent!”

 

[Serryah]

Starlink is officially dead in Ontario.

He will, if the next round of tariffs hits in April. Until then Americans will be paying a surcharge for Ontario energy.

Good and good.

Are you stupid or something?

And... there goes that good will again! On a roll, Jin.

Shutting down oil production is incredibly fucking dumb.

I meant shut it down going to the US.

It will fuck Canada for FAR longer than it will hurt the US.

And you know what? We're already going to be fucked.

Accordingly, they will

Which is good.

Correct. Unfortunately, I'm sure the Liberals will find a way to fuck it up. In fact I have zero confidence in their ability to handle this effectively.

Well sure as shit the Cons won't handle it well and Skippy P will fuck it up.

 

[justfred]

What is being reported is that old Donnie is creating aliens with trading countries. What he does not understand that by doing so they can hold the USA to ransom, if they want something, the country can just up the price to say double, triple, then demand payment in USA dollars, payment made in advance and add the Tariff that old Donnie can get that income. It would not be advantageous to tell the old man this, as he will have to get even as he is so retaliatory.

 

[pgs]

The S&P 500 dipped by 1.76 percent Monday, the biggest loss since December last year. The Dow Jones also fell by nearly 650 points. The Nasdaq Composite was down 2.64 percent as Nvidia stock dropped by nearly 9 percent. Good times.

Yes and it will go up or down tomorrow depending who is buying and who is selling just like everyday .

 

[Jinentonix]

And still imports from US. Read the article not just the title.

No shit. That's how an integrated system works. Tell me where I said Ontario doesn't import hydro from the US. In fact you started this because I said Ontario doesn't NEED US hydro.
Ontario imports around 4,000 TWh from the US while it exports between 12,000 and 16,000 TWh to the US. Once again, Ontario does NOT need US hydro. It's more of a convenience than a necessity for Ontario. Ontario exports large long-term volume hydro to the US while importing much smaller volumes over much shorter time frames to cover periods of high demand. Pretty much the same for Quebec too.
Been that way for years.
But again, for Ontario at least, it's not a necessity it's a convenience.

 

[Jinentonix]

Good and good.



And... there goes that good will again! On a roll, Jin.



I meant shut it down going to the US.

That means shutting down the production of 4.3 million barrels a day worth. We only have ONE other export route that doesn't go to the US and it's a twinned pipeline to Vancouver that's already at capacity. Good thing we have a Prime Minister and his idiot boyfriend Guilbeault the Dildo who did everything they could to hem in Alberta oil and prevent new export routes, eh?

Don't shut down US exports of oil, make them pay full market rates for the oil AND add a 25% export surcharge.

 

[petros]

No shit. That's how an integrated system works. Tell me where I said Ontario doesn't import hydro from the US. In fact you started this because I said Ontario doesn't NEED US hydro.
Ontario imports around 4,000 TWh from the US while it exports between 12,000 and 16,000 TWh to the US. Once again, Ontario does NOT need US hydro. It's more of a convenience than a necessity for Ontario. Ontario exports large long-term volume hydro to the US while importing much smaller volumes over much shorter time frames to cover periods of high demand. Pretty much the same for Quebec too.
Been that way for years.
But again, for Ontario at least, it's not a necessity it's a convenience.

So do it. Do it right now. Whats taking so long? Why wait until spring? You dont running water so go for it.

 

[petros]

I didn't say Ontario wasn't importing. I said that despite your last post about CANADA's hydroelectric energy generation dropping, Ontario STILL exported 3X as much energy to the US than it imported from the US.

Why? Why the imports?

 

[Ron in Regina]

Here’s an interesting twist on justification. Republican Rep. Carlos Gimenez told CNN that Trump is just doing his job. “Instead of taking kinetic action, he’s taking economic action in order to protect American lives.”

Kinetic action? Instead of? What the hell is he saying here? So…Google and:

Kinetic warfare - Wikipedia

en.wikipedia.org

“Oh. Ok, then. Thank you Donald Trump?”

The U.S. Constitution is very specific about tariffs being under the jurisdiction of the U.S. Congress and not the White House. “The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises,” reads Article 1 of the document.

The only reason Trump was able to levy tariffs on Canadian imports without Congressional approval was because of a 1977 law that extended tariff-making authority to the U.S. president to counter an “unusual and extraordinary threat.”

This is why the executive order imposing 25 per cent tariffs against Canadian imports explicitly cited it as a means to stop a “flood of illegal aliens and drugs” into the country.


“President Donald J. Trump is proceeding with implementing tariffs on Canada and Mexico under the International Emergency Economic Powers Act (IEEPA) to combat the extraordinary threat to U.S. national security, including our public health posed by unchecked drug trafficking,” reads the official White House “fact sheet” announcing the new tariffs.

As Canadian politicians have pointed out en masse this week, the pretext as it relates to Canada is quite scant.

Conservative Leader Pierre Poilievre said at a press briefing that while he believed the Trudeau government hadn’t done enough to curb domestic fentanyl flows, it “was not a justification for tariffs.”

“There is no justification; there are weapons, fentanyl and illegal immigrants who are coming from the United States into Canada, is that (Trump’s) fault?” Poilievre said in a French response to a reporter.

FIRST READING: The case for this being an 'illegal' trade war — National Post

Fentanyl may only have been a pretext, as Trump can only impose tariffs in the event of a 'national emergency'

apple.news

 

[petros]

Here’s an interesting twist on justification. Republican Rep. Carlos Gimenez told CNN that Trump is just doing his job. “Instead of taking kinetic action, he’s taking economic action in order to protect American lives.”

Kinetic action? Instead of? What the hell is he saying here? So…Google and:
View attachment 27876
View attachment 27877

Kinetic warfare - Wikipedia

en.wikipedia.org

“Oh. Ok, then. Thank you Donald Trump?”

The U.S. Constitution is very specific about tariffs being under the jurisdiction of the U.S. Congress and not the White House. “The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises,” reads Article 1 of the document.

The only reason Trump was able to levy tariffs on Canadian imports without Congressional approval was because of a 1977 law that extended tariff-making authority to the U.S. president to counter an “unusual and extraordinary threat.”

This is why the executive order imposing 25 per cent tariffs against Canadian imports explicitly cited it as a means to stop a “flood of illegal aliens and drugs” into the country.

View attachment 27878
“President Donald J. Trump is proceeding with implementing tariffs on Canada and Mexico under the International Emergency Economic Powers Act (IEEPA) to combat the extraordinary threat to U.S. national security, including our public health posed by unchecked drug trafficking,” reads the official White House “fact sheet” announcing the new tariffs.

As Canadian politicians have pointed out en masse this week, the pretext as it relates to Canada is quite scant.

Conservative Leader Pierre Poilievre said at a press briefing that while he believed the Trudeau government hadn’t done enough to curb domestic fentanyl flows, it “was not a justification for tariffs.”

“There is no justification; there are weapons, fentanyl and illegal immigrants who are coming from the United States into Canada, is that (Trump’s) fault?” Poilievre said in a French response to a reporter.

FIRST READING: The case for this being an 'illegal' trade war — National Post

Fentanyl may only have been a pretext, as Trump can only impose tariffs in the event of a 'national emergency'

apple.news

Kinetic just means movement.

What bee got in Trumps britches this time?

Canada supporting Europe/NATO(other than US) plan for ending the war in Ukraine would do it.

No glory for Trump if they do it.

 

[Tecumsehsbones]

"Kinetic action" means shooting.

 

[Ron in Regina]

Kinetic just means movement.

What bee got in Trumps britches this time?

Canada supporting Europe/NATO(other than US) plan for ending the war in Ukraine would do it.

No glory for Trump if they do it.

I know what the definition of kinetic means, but not the context it was used in because it seem out of place and strange.

"Kinetic action" means shooting.

In the context it was used in, yes.

Here’s an interesting twist on justification. Republican Rep. Carlos Gimenez told CNN that Trump is just doing his job. “Instead of taking kinetic action, he’s taking economic action in order to protect American lives.”

So is the Gimenez (from the outside looking and asking for an American perspective) a wingnut (?) or just flexing new words into his vocabulary because that term is in vogue now?

 

[petros]

I know what the definition of kinetic means, but not the context it was used in because it seem out of place and strange.

In the context it was used in, yes.

So is the Gimenez (from the outside looking and asking for an American perspective) a wingnut (?) or just flexing new words into his vocabulary because that term is in vogue now?

Jumping up and down is a kinetic action.

 

[Twin_Moose]

Isn't most of the US tariffs on US companies manufacturing parts or products outside US soil?