Re: Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs
Posted: Mon Feb 03, 2025 4:55 pm
Trudeau is literally gone in a few weeks...shouldn't hold it against us
That is not dead which can eternal lie, and with strange aeons bring us some web forums whereupon we can gather
http://garbi.online/forum/
Prime Minister Justin Trudeau said Monday that U.S. President Donald Trump will hold off on levying tariffs on Canada for at least 30 days.
Given so little drugs come from Canada to the US, I am sure this is just face saving all around. Hopefully it'll keep the guns and bad hombres from the US from getting into Canada...I'm looking at you hepcatPrime Minister Justin Trudeau said Monday U.S. President Donald Trump will hold off on levying tariffs on Canada for at least 30 days after Canada made a series of commitments to improve security along the border.
The country can let out a collective sigh of relief — at least for now.
To get Trump to shelve his punishing tariffs, Trudeau said Canada is reinforcing the border with new choppers, technology and personnel and stepping up its co-ordination with American officials to stop the flow of fentanyl.
Trudeau said, all told, there will be 10,000 front-line personnel working along the border to address Trump's stated priority: a major crackdown on drugs and migrants.
The prime minister also made a series of new commitments to Trump, including a promise to appoint a new fentanyl "czar" who will lead Canada's efforts to crack down on the deadly drug. And he promised to list Mexican cartels, one of the top purveyors of fentanyl and other drugs in Canada and the U.S., as terrorists under Canadian law.
Trudeau said Canada is launching a "Canada-U.S. Joint Strike Force," that will be tasked with combating organized crime and money laundering.
"Proposed tariffs will be paused for at least 30 days while we work together," Trudeau said in a social media post.
The news media could also do a better job of reporting. Specifically that it wasn't nearly as one-sided as Trump wants everyone to believe. First, there were already 10,000 Mexican troops at the border because that was previously agreed upon with Biden. Spoiler - no threats were needed there. Second, as part of the exchange, Trump agreed to help stop trafficking guns into Mexico, fueling their violence.RunningMn9 wrote: Mon Feb 03, 2025 6:18 pm Could people stop giving in to his bullshit threats? Hasn’t every movie taught us in excruciating detail why you don’t negotiate with terrorists?
I get you. From a true environmental perspective, it is better to have the mines and nasty industries here for better supervision and controls vs 3rd world locations.LordMortis wrote: Tue Feb 04, 2025 10:00 am Barring everything else. The US decided decades ago we don't want foundries. They're a messy business. It would interesting to see who says "put these new ones in my backyard." and why and who benefits. Not fun but interesting. I get that foundries are necessary but making more of them especially in a deregulated environment? Yucky. I feel for the damage being done in Mexico and South America that we may be spoiled. Ignorance will have been bliss.
As pointed out above, no one gave into his threats. Mexico and Canada agreed to do the things they had already agreed to do prior. There's a funny meme showing a phone call between Mexico and Canada laughing about offering a "compromise" that would have America receive everything already agreed upon and how Drumpf "fell" for it.RunningMn9 wrote: Mon Feb 03, 2025 6:18 pm Could people stop giving in to his bullshit threats? Hasn’t every movie taught us in excruciating detail why you don’t negotiate with terrorists?
Yeah, I kind of wish that we would have figured out much earlier how much harm to the environment these facilities do to the environment. Proof of that with all the mines in our region was all the scarring of the land due to the smelting process before the 1970's required better standards, and it's taken several decades for forest growth to return with the help of regreening efforts.Montag wrote: Tue Feb 04, 2025 10:05 amI get you. From a true environmental perspective, it is better to have the mines and nasty industries here for better supervision and controls vs 3rd world locations.LordMortis wrote: Tue Feb 04, 2025 10:00 am Barring everything else. The US decided decades ago we don't want foundries. They're a messy business. It would interesting to see who says "put these new ones in my backyard." and why and who benefits. Not fun but interesting. I get that foundries are necessary but making more of them especially in a deregulated environment? Yucky. I feel for the damage being done in Mexico and South America that we may be spoiled. Ignorance will have been bliss.
China announced retaliatory tariffs on select American imports and an antitrust investigation into Google on Tuesday, just minutes after a sweeping levy on Chinese products imposed by U.S. President Donald Trump took effect.
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This isn’t the first round of tit-for-tat actions between the two countries. China and the U.S. engaged in an escalating trade war in 2018, when Trump repeatedly raised tariffs on Chinese goods and China responded each time.
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China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the U.S. The tariffs would take effect next Monday.
“The U.S.’s unilateral tariff increase seriously violates the rules of the World Trade Organization,” China’s State Council Tariff Commission said in a statement. “It is not only unhelpful in solving its own problems, but also damages normal economic and trade cooperation between China and the U.S.”
Suspension of Inbound Parcels from China and Hong Kong
INTERNATIONAL SERVICE SUSPENSION NOTICE – effective Feb. 4, 2025
Effective Feb. 4, the Postal Service will temporarily suspend only international package acceptance of inbound parcels from China and Hong Kong Posts until further notice. Note the flow of letters and flats from China and Hong Kong will not be impacted.
Former Canadian PM Stephen Harper: "There is no migrant flow happening from Canada to the United States of any significant numbers... And I'm going to tell you right now, drugs, guns, crime—most of those things flow north, not south."
If there is a problem with border security between the States and Canada, it's not on our side. Between Oct. 2023 and September 2024, roughly 43 lbs of fentanyl was seized passing from Canada to the States (compared to 21,100 lbs at the Mexico border). That's the equivalent of a single suitcase.
...but just two weeks ago, 1,840 LBS of cocaine was seized by the Toronto Police, coming from the States INTO Canada.
The Toronto Police have also found that 85% of crime guns they recover have entered Canada from the States.
What does President Trump intend to do to resolve this?
Move the goalposts some more, apparently.
First it was "drugs and illegal migrants are pouring in over the Canadian border!" (they aren't); then it was "we're subsidizing Canada by $200B/year!" (they aren't), then it was "Canada has been treating us unfairly!" (referring to the trade deals that HE signed last time he was in office), and now it's "they don't allow U.S. banks into their country!"
First, this is false; as of right now, there are 13 American banks that have branches inside Canada.
Second, here's the true part: it HAS been challenging for American banks to make much headway in Canada, but this is for a significant reason: Canada's tighter financial regulations mean that the way those American banks would LIKE to do business (and do south of the border) are illegal in Canada.
Remember during the financial crisis of 2008, when the American government had to bail out their largest banks or they wouldn't survive? ...Yep, because that's what happened.
Remember during the financial crisis of 2008 when the Canadian government had to bail out OUR banks? ...Nope, because that never happened.
There have been 534 bank failures in the States since 2001.
The number of Canadian bank failures in that same time is 0.
They've since rescinded that, by the way.Enough wrote: Tue Feb 04, 2025 10:54 pm If you have any orders shipping from China or were planning on it, you might want to cancel for now.
Suspension of Inbound Parcels from China and Hong Kong
INTERNATIONAL SERVICE SUSPENSION NOTICE – effective Feb. 4, 2025
Effective Feb. 4, the Postal Service will temporarily suspend only international package acceptance of inbound parcels from China and Hong Kong Posts until further notice. Note the flow of letters and flats from China and Hong Kong will not be impacted.
That’s fine, but there’s no explanation for how they could possibly inspect any meaningful percentage of the tsunami of small packages coming from China. What’s the plan, Stan?hepcat wrote: Wed Feb 05, 2025 1:46 pmThey've since rescinded that, by the way.Enough wrote: Tue Feb 04, 2025 10:54 pm If you have any orders shipping from China or were planning on it, you might want to cancel for now.
Suspension of Inbound Parcels from China and Hong Kong
INTERNATIONAL SERVICE SUSPENSION NOTICE – effective Feb. 4, 2025
Effective Feb. 4, the Postal Service will temporarily suspend only international package acceptance of inbound parcels from China and Hong Kong Posts until further notice. Note the flow of letters and flats from China and Hong Kong will not be impacted.
And they have not pulled back on eliminating the de minimus tax exemption for items under $800 (another Congressionally done thing being undone by POTUS btw). So that means you will now pay the previous and new tariffs on China, so expect prices to increase at least 35-45% on many items I would guess.Kurth wrote: Wed Feb 05, 2025 2:18 pmThat’s fine, but there’s no explanation for how they could possibly inspect any meaningful percentage of the tsunami of small packages coming from China. What’s the plan, Stan?hepcat wrote: Wed Feb 05, 2025 1:46 pmThey've since rescinded that, by the way.Enough wrote: Tue Feb 04, 2025 10:54 pm If you have any orders shipping from China or were planning on it, you might want to cancel for now.
Suspension of Inbound Parcels from China and Hong Kong
INTERNATIONAL SERVICE SUSPENSION NOTICE – effective Feb. 4, 2025
Effective Feb. 4, the Postal Service will temporarily suspend only international package acceptance of inbound parcels from China and Hong Kong Posts until further notice. Note the flow of letters and flats from China and Hong Kong will not be impacted.