- cross-posted to:
- [email protected]
- [email protected]
- cross-posted to:
- [email protected]
- [email protected]
cross-posted from: https://lemmy.world/post/24657192
Summary
In a virtual speech at the World Economic Forum, Trump suggested Canada could become a U.S. state to avoid his proposed tariffs on imports.
The remark elicited gasps from the audience.
Trump claimed the U.S. does not need Canadian lumber, energy, or vehicles, vastly overstating the trade deficit between the two nations.
He reiterated his intention to impose tariffs, potentially as high as 25%, on imports from Canada and Mexico starting February 1.
Economists warn such tariffs would raise prices for U.S. consumers.
You must log in or register to comment.
Canada is avoiding Trump’s tariffs by not becoming a state.
They are not paying the tariffs, american people do. So by joining the US they would start paying all the tariffs that Trump is putting on China’s products, European products …
Why do people think that happens? It does not happen. 90% of the tariffs will be absorbed by Canadian companies trying to keep up sales to the US because there’s nowhere else to go, and even if they sell elsewhere, it’ll be discounted that much to other countries because of the general laws of supply and demand.
The only way, and it’s one that we have nothing in place to effect, is to mark prices as of the tariff date and to enact an export tariff for the amount of the sale under the price set point. That would highly discourage discounting sales and pretty much just cut them off since, in the case of products made or produced in the US, it would be competing with local products at 125% of the local price.
No, that’s called “dumping” and is against compliance of WTO rules, which would then allow the importing country to raise more taxes as anti-dumping measures.
This is from a US Gov website explaining what that is
The importer, not the exporter pays tariffs. Aka Canada pays nothing, things made in Canada have an extra tax attached to them when they cross the boarder into the us, paid by Walmart or whomever ordered the goods
Yes, but in the real world, while the importer pays the tariff, they’ve taken a discount on cost from their supplier in order to compete with local goods that aren’t tariffed. That’s why no country wants tariffs applied to their imports. Its almost like governments understand how this works.
Ummm no.
In the real world consumers ultimately end up paying the tariffs.
Domestic suppliers have a tendency to raise prices is response to increased demand and decrease competition from imports.
When Trump implemented a tariff on Washing Machines in 2018 during his first term. The price of imported washing machines went up, the price of domestic washing machines went up, the price of dryers… which weren’t tariffed went up.
Eventually it did led to more washing machines and dryers being manufactured domestically. Which did lead to a small increase manufacturing in jobs. But it was a net loss for the consumers.
Tariffs function as a flat tax on goods. Like all flat taxes this benefits the wealthy and hurts poor and the working class.
Well, when it’s been in place and the Canadian economy is in free fall, you can come here and tell me how wrong I and all the governments were about how this works. I’m sure it’ll go totally different than the softwood lumber tariffs that shut down the forestry industry in BC for a decade.
Here’s the Canadian forest industry take on tariffs. Mostly borne by Canadian producers:
https://forestresources.org/2024/12/19/a-discussion-around-tariffs-on-cdn-lumber/
I’m confused friend.
The article you linked to says:
… Canadian lumber producers would not be able to absorb this, the price of lumber will adjust upwards ….
Is that not, quite literally, a direct contradiction of your earlier statement that:
90% of the tariffs will be absorbed by Canadian companies
And if the price increases, is that not the consumer paying the tariffs?
I’m out of energy for this.
You’re right, we should just ignore it because it’ll only affect the USians. Maybe we lobby them to make it 50% so it punishes them more. It’ll all be perfectly fine here.
Oh, boy, what you’ve got going on looks like so much fun, how could we want to miss out?
Trump seems to have the goal of destroying the US from all I can tell. Our economy and power are so dependent on our connections to the rest of the world and he is burning them all down. The US dollar gets replaced as the fiat currency we are wholly fucked and this dumb shit is how that happens.
He is preparing a firesale for the super rich…
Stop, I can only get so erect.
let’s go comrade trump
If America is forced to accept austerity measures over our massive debt when the dollar is no longer fiat, regular people will be the ones who suffer sadly.
As long as the US dollar has maintained and will maintain its supremacy, regular people suffer all over the world for the comfort of treatlerites in the imperial core.
I’d rather the dollar crash so that the world has a chance.
That’s the point, I think, as well. I could see Putin using the useful idiot to destroy the primary rival to its superiority. The US is incredibly difficult to invade. The intelligence apparatus is too ingrained in all our communication to avoid detection. If you can’t get the rot to start from the outside, go for the inside.
This is peak BlueAnon/Marvel Cinematic Delusion, where Putin is a supervillain with a global mind control network.
Damn these Russians making the US into warmongers. After all, stealing land is a completely foreign concept in America
Inshallah
Who needs dollars when you have $TRUMP meme coins?
Fair. I was just thinking what the monetary system really needed was to be more obscure, cartoonish, energy intensive and unstable.
Now backed by your social security! Thanks Obama
Bitcoin is a form of electronic token, so $TRUMPET
And the last gasp of our conservatives as the final pillar of the whitehouse collapses into a flaming wreck due to Trumps ridiculous toddler-like mismanagement of everything will be to blame it all on the Democrats.
Somehow, even with conservatives owning all the branches of government, it will be the Dem’s fault.
LGBTQ+ and immigrant fear can convince conservatives of about anything.
And they’ll even say sorry for it because they consider it “impolite” and “not done” to talk back to the sitting government or some shit.
If Trump is serious about this it will be bipartisan by 2028 just like all the 2016 Trump policies that were bipartisan by 2020
So what are the Dems doing to prevent any of this?
Hard to prevent when you are trying to get in front of the flood of dumb things being put out right now.
Lol that’s just the narrative they need to fundraise another loss in the 2028 election.
Nice
When Dollar is replaced as the reserve currency, America’s imports will shrink and there may be inflation. But it won’t result it in defaulting on its domestic currency.
Any austerity on the US will be self-inflicted (as it is in the UK and Europe). The unwillingness of the US Government to take over the economy from the parasites will make things much worse.
I mean honestly, he’s just a giant douche canoe that accurately reflects the level of intelligence and emotional maturity that the most of his fucking deplorable Nazi base is. There’s nothing he’s here said that isn’t what his moronic base says on a daily basis and is more or less a accurate representation of America and Americans by large.
America is a nation of idiots.
How about trump can suck my left nut. There, I said it.
He’s about to fuck around and find out…
He is about to fuck around and America is about to find out…
Tap for spoiler
The world doesn’t revolve around America.
Us citizens pay tariff this doesn’t hurt Canadians. They should call bluff and say do 30%.
Actually tariffs will hurt Canadians deeply. Why? Because it means that Americans will lean towards not buying products made in (or partially made in) Canada. Plus, Canada would certainly reciprocate meaning the price of everything is going to go up in Canada. It’s not a good situation and our government needed to be spending the past 10 - 20 years developing stronger trade relations with other countries but instead we amplified our relationship with what is clearly a very unreliable and untrustworthy neighbour.
Basically sums up how half America feels about its country.
They’re already gonna hurt cause homes aren’t gonna make themselves, and we’re deporting our construction crews…
It potentially reduces exports from Canada to the US, hurting our economy. Nobody wins
Canada imports more from USA than it exports to USA. A trade war that decreases exports would hurt USA more than Canada.
The largest exports from USA to Canada are cars and trucks. (Finished products) The largest exports from Canada to USA are minerals, fuels and pulp. (Raw material)
This puts USA at a disadvantage in a tariff game, because it’s a lot easier for Canada to replace American cars with Asian or European cars, than it is for USA to replace the variety of ressources that Canada provides
It’s also a lot easier for Canada to find other customers for raw materials than it is to sell American cars on other continents.
We’ll have to analyze more deeply but it is very likely that these exports to Canada are actually coming from México.
Canada will absorb most of the extra cost if we want to sell product to the US.
Will it though. Seems like Mexico will build the wall talk.
Honestly, the only way to keep that cost in the US is to mandate that anyone selling across border has a price set as of the day of the tariffs. If they sell under that price, they get export tariffed for the difference. Then at least there’s a chance that the tariff burden will be passed on to the US consumers and maybe they’ll do something.
But we don’t have anything in place to make something like that happen at this point, and even if we did, I doubt we have the political will to shelter Canadians that way. Sure as fuck Polievre won’t do any such thing.
Maybe someone whipping up a plan. Would be nice to only see one party victimized by this bs.
We have a lot of resources. Ya our shit will get more expensive, but he’s gonna fuck his own country doing this. Canada will survive.
My understanding is that tariffs in general can apply to both imports and exports, on either side.
Well according to wiki you are right. I was on ever taught tax on imports in school. Taxing exports only works of there is one possible vendor and if there is not then the competition will just has to charge slightly less while expanding production.
Imagine if China , EU, and or japan be like here is 10% discount. Or better yet Trade alliance among countries who Trump charges on exports would be hillarious.
Or better yet Trade alliance among countries who Trump charges on exports would be hillarious.
This is exactly what is happening, its the main reason of the rise of BRICS.
Well that will makes things more volatile among former friendly nations.
Trump is going to speedrun all our
vassalsallies into joining BRICS, and I’m here for it.I want to see Canada put out an open offer for immediate welcome, territoriship, and instant citizenship for any state along the border that votes to join Canada.
rip you guys are gonna get couped
imperialism is manifesting itself in the imperial coreimperialism is manifesting itself in the imperial core
Sounds familiar
Hey, I’ve seen this one before!
Insert Césaire quote on fascism
“People are surprised, they become indignant. They say: “How strange! But never mind-it’s Nazism, it will pass!” And they wait, and they hope; and they hide the truth from themselves, that it is barbarism, but the supreme barbarism, the crowning barbarism that sums up all the daily barbarisms; that it is Nazism, yes, but that before they were its victims, they were its accomplices; that they tolerated that Nazism before it was inflicted on them, that they absolved it, shut their eyes to it, legitimized it, because, until then, it had been applied only to non-European peoples; that they have cultivated that Nazism, that they are responsible for it, and that before engulfing the whole of Western, Christian civilization in its reddened waters, it oozes, seeps, and trickles from every crack.”
- Aimé Césaire, Discourse on Colonialism
Canada is one of the few countries that has actually defeated the USA. They even burned the white house.
American here: honestly would not mind if Canada came and did that again at this point. Please help us get the Nazis out of the White House.
No, that was the British during the war of 1812.
British based in occupied Canada, with Canadian born soldiers the majority of soldiers.
deleted by creator
rip you guys are gonna get couped
Seems to me we got couped. It was just mostly domestically bloodless. So far.
Don’t act like Canada hasn’t been seeing it’s own share of right wing extremists making their way into government.
Yeah no need for a coup really. Without a revolution Canada is gonna be part of this new axis on its own.
Do you really think it’s likely this will happen? I think hell just start throwing a tantrum and maybe symbolically apply some tariffs.
Yes it is likely. Canada can’t afford to resist. Canada is highly dependent on trade with the US.
Just because I think it is likely doesn’t mean that I think it’s right. This is clearly wrong.
Your screenshot does not make it likely.
This is a high level of cope. Those imports are worth almost half of Canadas GDP.
They did that to halve of this world, just not to that many western countries.
yeah they got couped
There is no actual fentanyl or immigration basis for tariffs on Canada. Just submit to less representation than California, and help absorb large US debt with little in return for it.
There’s no basis for tariffs on Mexico either.
Really there is no basis for any tariffs, the richest nation in the world putting tariffs on other nations products because they can’t keep up is embarrassing.
Alberta will be happy to hear that
Do you think he wanted to do this last time but ousted everyone who told him that’s fucking psychotically stupid?
American anschluss of Canada to expand their lebensraum, because they feel they deserve it.
Musk does not hide how he feels about it, we wouldn’t either.
