Tariffs and Trade War explained in 2 minutes...👍👌
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To the rest of the world, don't go to war with an economic giant.
The country is bankrupt.
We're living in FAFO times and I love it. Next, Sir, EU, please.
We're 1/10 the size. I'm not sure that importing less than we export could qualify as fucking around.
For businesses looking for opportunities for their goods and services across the globe, the #1 market, speaking generally, is the US market.
If foreign actors treat us unfairly with tariffs and NTBs against our goods coming into their nations, and demand no tariffs on their goods and services coming into the USA, they are going to learn that those days are over.
If you want market access to the USA, pay up.
If that is going to be the economic model then there is no such thing as reciprocal tariffs? If Kentucky bourbon wants access to canada they have to manufacture here. Is that the goal or does US only get to charge tariffs?
The reciprocity would be that if Canada wants to sell Canadian spirits in the USA with no tariffs, then they should charge no tariffs on US products coming into Canada.
What seems to have been missed by people in this dialogue on this topic is that Canada has been charging HUGE tariffs on US goods. American dairy, for example, gets a tariff that is so high that it basically makes it impossible for US farmers to sell their dairy into Canada.
A Canadian might say "Well, we need to protect our Dairy economy/farmers." To which I will reply that that's fine, you can feel free to do that. What you should expect when you do that is that the USA will do the same, with its markets.
Trump has said many times that he is only charging tariffs on countries that already charge us tariffs or in another way block our goods and services (NTBs, etc.).
Don't want the FO? Then stop Fucking Around.
Great handle BTW! I know we have charged tariffs, didn't realize it was on so much stuff until recently. We don't want the dairy with hormones and antibiotics and vaccines etc.it was my understanding tat was the motivation for dairy tariffs. Can you even buy canadian dairy in the us? There is no US dairy here. Our dairy market control is ridiculous. We dump thousands of litres daily but that's a whole other issue. But hasn't US always tariffed a bunch of our stuff? Softwood lumber for instance. And wasn't all this part of the last trade deal, you know when christia freeland really beat up on trump in those negotiations.
Freeland is a clown. She has absolutely no leverage on the USA, aside from, possibly, potash. And that's pretty weak sauce. Trudeau is no better.
When looking at tariffs, the simple approach is to segment things out by product type. Canada Dairy v US Dairy, for example. But often these negotiations get quite "macro" and we find ourselves discussing a lumber tariff reduction in exchange for a dairy tariff reduction, etc. I am not up on the macro level negotiation, and I doubt anyone not in the room is either.
Oh, I see, so there is an effort to offset by mixing and matching. But then we don't follow through or just change it as we go like adding "digital tax"?
Do you have a background in this realm?
I'm having lunch with former director General of canadian treasury next week. I'm going to pick his brain as well. I have not spent much time on trade issues. I'm finding it pretty interesting.
The freeland comment was a joke. I'm terrified of the deal jt is going to make. He will screw us over again.
Yes, it is not smart to send an errand boy to do a man's work. Turdeau is a joke. Freeland is equally a joke due to how wrapped up in all of the WEFfer shit she is.
Canada has, I am sure, expert foreign affairs/foreign trade people. I would go to them. But the issue I would expect to find is that they are partisán to the Left way of thinking. I would hope to be wrong, but expect to be correct. In any case, I would seek to separate the negotiation strategy/objectives sought and the mechanics of how to do it, and focus those foreign trade people on defining the "how to do it", and keep them out of discussiong the what/why (to avoid their political bent).
Canada needs to decide what part(s) of its economy you need to protect, and what you want to open to competition in exchange for market access to the USA. And negotiate that in good faith with the USA.
None of this war has to happen, it seems to me. We need clearer heads to prevail. Not dumbshits like Turdeau and Freeland.
Wait, I think I've got this figured out: Canadians have been paying an extra tax so to punish them, Americans must pay an extra tax which isn't fair so Canadians must pay additional tax and if they continue to do so, Americans will be charged even more tax.
Does that about sum it up? Sounds a bit scammy.
Who's FA and who's FO?
No.
Canadians have been keeping US products out of Canada with high tariffs and NTBs, and we've asked them to stop doing that, especially since we don't do that to their products, and also we both are in NAFTA. But they have continued to do it anyway. So now we will return the favor.
FA = Fuck Around
FO = Find Out.
Canada fucked around and now they are going to find out. This is a 100% self-inflicted wound, for Canada. Of course they pretend it's the exact opposite.
What if we say we don't want american dairy or American banks in canada? Processed foods with toxic ingredients, theres some legit reasons to not want some products here, Is that just unacceptable or are exclusion generally allowed?
There's got to be stuff we can just say no to and you've got a few of your own I would expect?
Was this a problem prior to trudeau? Must have been.
All of these choices are possible. No one is forcing Canada to buy goods. This isn't the Opium War.
What the USA is asking for is equal market access. If Canadians do not wish to purchase the item that has not been artificially made more expensive due to tariffs, that is the Canadians' prerogative.
Just showed it to my mother who is visiting me. She was very impressed, that patriots are making these kind of things....
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Canada just announced food, clothing, vehicle, tools, electronics and tariffs. Looks like we'll be depressing our poor and working classes to keep our oligarchs comfy. I wonder how long we'll be able to keep it up and if we're retarded enough to escalate a food tax if America ratchets up in response.
Appears the end consumer prices will increase with these tariffs in place. Good news everyone, glad I made my purchase of a new Boeing 747 just last week.
There is a way for these shleps to get out from under the tariffs. Trump was crystal clear in his communication with these countries. STOP THE ILLEGAL DRUG TRADE. STOP THE ILLEGAL ALIEN INVASION FROM YOUR COUNTRY. Seems pretty straightforward….unless you have shit for brains.
There is a network on both sides of the border. It's not just a canada problem.
How much fentanyl flows out if the US?? How many US Citizens invade Mexico or Canada?
Drugs of all kinds flow quite freely back and forth across both borders to meet demand in all three countries. I hope you're not suggesting that the US is just an innocent bystander. How many guns cross our border illegally from the US? How many humans are trafficked? I don't think any US citizens have invaded canada but lots of illegals have come here through the US after being bussed to the border from the south. Again, there is regular flow back and forth across both borders because there is a network of people who benefit from that flow.
Canada should be happy Trump didn't apply reciprocal tariffs on Canadian goods. Canada's import tariffs on US goods are astronomical.
Here is a list of tariffs Canada Imposes on U.S. Goods:
⁃ Dairy Products:
⁃ Milk: 270%
⁃ Cheese: 245%
⁃ Butter: 298%
⁃ Poultry: 238%
-Eggs: 13%
⁃ Barley: 160%
⁃ Wheat: 94%
⁃ Sugar: 265%
⁃ Peanut Butter: 295%
⁃ Rice: 150%
⁃ Vegetables: 100%
⁃ Fish Products: 100%
⁃ Lumber: 20%
⁃ Shoes: 30%
⁃ Cocoa: 30%
⁃ Metals: 25%
⁃ Wool: 30%
⁃ Tobacco: 100+%
What tariffs has US charged canada?
That link goes to a different video...?
I've just Seen...Apologies
https://video.twimg.com/amplify_video/1896959138699096064/vid/avc1/712x1266/aV2C1ycrvDL97xpS.mp4
Thank you!
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If this is about fentanyl, why not declare the Chinese drug cartels terrorists? They are working with Mexican cartels. We can start blowingthem up together. If this is about economics, Canada is in a no win situation. US can intentionally keep us in trade deficit perpetually charging tariffs because we aren't importing enough. I don't really get the whole tariff thing.