Trump announces 35% tariffs on Canada starting Aug. 1
(www.cnbc.com)
from babysandpiper@sopuli.xyz to world@lemmy.world on 11 Jul 01:22
https://sopuli.xyz/post/30213904
from babysandpiper@sopuli.xyz to world@lemmy.world on 11 Jul 01:22
https://sopuli.xyz/post/30213904
Donald Trump on Thursday announced a 35% tariff on Canadian imports, starting Aug. 1, citing that Ottawa had retaliated with tariffs against Washington.
“Instead of working with the United States, Canada retaliated with its own Tariffs,” Trump said in his letter to Mark Carney, prime minister of Canada, posted on Truth Social.
#world
threaded - newest
Er, “instead of caving to our unreasonable demands, they’ve responded in kind.”
It’s like Russia and Ukraine. Trump, if you want to work with Canada, just remove the trade barriers.
It really is that stupid.
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Dee’s a bird and Trump’s a turd
Taco Always Craps Out
🌮
Is that the art of the deal or petulant flailing?
I think in this case it’s yet another example of brazen market manipulation.
Congress doesn’t seem to care. Amd the people aren’t letting congress know their displeasure, so, uh, it’s what the American people want?
Or? Didn’t you mean “is”.
It’s like pushing a button that you think is hurting the guy on the other side of the table, only to look under the table and realize the wires aren’t connected to anything and they were just having you on.
Enacting tariffs against our trading partners, and excellent neighbors, as well as allies, is an act of war. It puts America in 'national security' peril.
We are not being attacked by Canada or Mexico.
It's putin's Russia you need to be concerned about, you orange cancer.
In Trumps addled mind, Canada not buying US milk is a national security threat.
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That’s giving him way too much credit; he clearly doesn’t care about national security.
🙄
lets reinstate that digital sales tax and triple it, fuck em.
Yes, nobody should do any accommodation to trump. You only loose. He will demand more and make the same threats again, typical bully.
People tried appeasement with the Nazis as well… Didn’t work out so well.
Trump is named in the Epstein files.
Trump cut NOAA and FEMA funding before flash flooding killed over 200 people in Texas including two dozen Christian girls.
And why does the fact that the two dozen girls were in a cult matter?
Matters to his voters.
Is this an alt or are there two of you in this thread?
God has no tolerance for traitors. You see, God discovered that they supported the Devil in secret, so he sent a flood to kill them. It’s a message to help the surviving Texans remember their true allegiance.
To me, I think it’s worth pointing out the hypocrisy of the “the gays caused hurricane Sandy/Katrina/etc” people.
It all about the optics. You say 200 people died people won’t care as much, you say 200 girls died and and THEY WERE GOOD CHRISTIANS, you appeal to a lot of Americans.
It matters to the cult that they were in.
When will it finally create genuine action in the US?
I thought he already put tariffs on us? And then again?
Pissing into the wind.
They chickens out too much to enforce them.
I just want my country to treat our citizens and allies right. Canada did nothing against us. Sure they did get us hooked on a few of their musicians and introduced pizza with pineapple, but that’s friend dick moves not enemy dick moves.
They also gave us Steven Crowder, so idk. /s
And we ain’t taking him back.
in all fairness, we yeeted that one over the border with a trebuchet
And Rafael/Ted Cruz.
Let’s go Taco!
Carney needs to call them out and publicly state that the taxes are never going to end because Trump is using them as a fundraising scheme.
Best he can do is cut funding for health care to fund a new military industrial complex.
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I would rather see a barely intelligible first-grader level drawing of a taco than AI slop. Stop it.
If a crown emoji on a taco emoji overwhelms you, you may be too sensitive to be online.
They didn’t seem overwhelmed at all though…
Okay, here you go: 👑🌮 Feel better?
Now I’m hungry 😕
Look Mark, can I call you Mark? I’ve got a mangled tiny penis, and I compensate for it in many different and weird ways. Sometimes it’s raping woman or girls. Other times, it is saying and doing awful racist things. Sometimes it is just doing nonsensical things. Mark, the girls in the pee pee tape laughed at it. Anyways, that’s why Canada has to pay 35% tariffs.
Jeebus, I died. Lol
Yard sign material
Carney: looks like it’s time to start dumping US bonds again.
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Why not now? Why wait till Aug 1? Just make it so.
You know why? He’s fishing for more concessions.
Canada should just say fuck it and raise the digital sale tax and then fling fentanyl across the border with trebuchets.
Stock. Market. Manipulation.
Good thing they dropped the digital service tax for US companies…
Yeah right, what a bullshit theater…
They can bring it back just as easily
… and the gain from dropping it was???
Some people just like to get fucked
And not in the fun way!
But they already lost the advantage they had. The point of the retaliatory tariffs are not to make money, but to send a message.
They’ve already sent a message that they can tolerate Trump’s bullshit as long as it doesn’t hurt them too much when they backed down on the digital service tax.
Bringing it back now is a lot less effective than implementing it the first time around while still hurting Canadians the same amount.
That was daft.
Feckless and weak.
They’ll be gone by next week.
T.A.C.O.
i.e. his rich buddies called him up and said “we need/want more money, go manipulate the market again” to which Trump said “sure i’ll fuck with Canada some more”
that’s all this is. Carney needs to stop playing nice and start up the digital service tax again.
Don’t worry - TACO 🌮
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A guy walks over to his friend’s friend’s house and tells him to pay up or else. The reasonable response would be to spit in his face and tell him to get bent.
Trump’s policy decisions killed those people in Texas & Epstein helped him and other sick rich monsters rape kids
In violation of the trade agreement HE negotiated just a couple years ago.
I’d have more respect for our Canadian leaders if even ONE of them would just stand up at a podium and say “nope…we’re ignoring it. Everyone knows it’s a pump and dump scheme to deflate and reinflate stocks. And in a week he’ll be removing them.”
Everyone KNOWS he’s a fucking grifter, but politicians don’t want to say it out loud.
If they call him on his bullshit his fefes might get hurt and he might actually keep them on to be spiteful.
Better to just smile and nod at his senile ass and continue to make contingency plans.
That would be an incredibly stupid diplomatic strategy. So be happy that your politicians are smarter than that.
I don’t understand how so many countries just take this shit. Does the US economy have that strong a hold on your country that you are scared to stand up for your people? How shitty of a leader do you have to be to not have a contingency in place for something like this?
Well, Canada’s only meaningful land border and a vast amount of transportation infrastructure is to the US, so any reasonable leader would probably try to maximize trade with that neighbour as long as they are an ally. Carney has definitely focused on more European trade, but yes, perhaps there should have been more diversification even before Donny.
The is reasonable but very short sighted. You don’t put your eggs in 1 basket as the saying goes.
While this is obviously true now, in hindsight, it’s certainly not fair. The entire western world put all of their eggs in the USA basket… why? Because after WWII there was a real sense that the USA was trustable. That they would work toward freedom, democracy, and (importantly) expanding markets in the world. The USA made the basket and the rest of the world piled in their eggs. Despite plenty of evidence to the contrary (Panama, Vietnam, Iraq, Afghanistan, etc all), the world continued to believe the lie that America was happy promulgating. Nobody reasonable believed America would take a hard right turn to fascism and voluntarily elect a leader that would throw the basket — the basket they made to always favour America — in the trash. But here we are. Yes, the world never should have agreed to America putting itself at the top of the pile. But we did and now the world is busy re-orienting without America. I think that’s for the better, but then again I’m not American. I think Americans are in for a rude awakening when the Trump policies actually come home to roost… of course he’ll be gone by then and they’ll just blame whatever democrat inherits the burning hulk of America that he leaves behind.
Honestly, is there anything stopping a country from just “mirroring” US tariffs? US gives them X% tariffs, they give the US X% tariffs back. Is this feasible? Or is it a crappy idea?
I think this is what Europe has done in the past, however you want to target products that don’t damage your own economy by making them more expensive. That seems harder to do.
EU targeted products from Republican heartlands, it was an excellent move.
China pretty much did it, and they ended up with 30% - for now, as that may change in August, or at any given moment, of course. Their example, and also the examples of UK and Vietnam, may be used both to argue that escalation is not the solution, and nothing, including whatever concessions, lets anybody to escape tariffs completely; but also that maybe China still got the best it could get out of its tough stance. China, of course, is perhaps not the best example to follow, as they had the most leverage of all against US. EU is now the next in line.
As counterintuitive as it may be, it may be wisest not to retaliate, and just accept the US tariffs as they come, because any broad tariffs this high damage first and foremost the tariffing country. So the best way forward may well be to let the US screw itself with its tariff policy, and wait until somebody with an ounce of brain comes to power there.
Canadians were mega pissed at americans back in March. I’m not sure how much lower we can sink in their estimation. 0% favorability is coming up quick.
angusreid.org/trump-tariffs-canada-retaliation-us…
npr.org/…/its-been-a-minute-canada-us-relationshi…
Have been since march*
Being livid has not changed.
Trump did an absolute number to Pierre. I’m hoping he targets Ford or Smith next.
Boy: Do not try and bend the Trump. That’s impossible. Instead… only try to realize the truth.
Neo: What truth?
Boy: There is no Trump.
Neo: There is no Trump?
Boy: Then you’ll see, that it is not the Trump that bends, it is only yourself.
haha, this, but trump himself bends a lot too, multiple times a day. He’s like dough.
Yawn…
TACO
Wait, I was just now wondering about the Epstein files but… now that this important proclamation has been yeeted out… I’ve forgotten about that. Odd
Welp. Time to ramp up those energy prices then…