Trumponomics - Or How I Learned to Stop Worrying & Love Tariffs

[Rumpy]

Boring was good..

But yeah, I hear you.

[GreenGoo]

I would expect something like trying to play the provinces off against each other, making sweetheart deals with one, but freezing another out, turning them on each other. That is just about within drumpf's negotiating abilities, even if his implementation would be hamfisted and obtuse.

I doubt that Ford is going to fall for that, given all his rhetoric about Canada fighting the good fight, but you never know. Smith on the other hand, yowza. I feel like she'd sell out the country just so Alberta could be excluded from the more painful tariffs.

Anyway, we'll see when we see. The whole thing is a process, which everyone understands except drumpf, if we were to take his social media posts seriously. I don't expect Ford to come home with a full solution nor empty handed. It didn't have to be iterative, but here we are. Ad hoc this. Random that. A million billion percentages of tariffs! Lol.

Everyone knows the best way to set up a long lasting, comprehensive and mutually beneficial economic treaty is to just angrily try things at random via social media hoping it makes sense at the end.

[Smoove_B]

I appreciate that your leaders are willing to listen, but I can't help but observe that Trump does not understand integrative bargaining and believes he must come out ahead in all negotiations or it's a loss. And lord help us if he doesn't say thank you when arriving.

Hopefully they can trick him into thinking he's won and we can all go back to focusing on our collective slide into fascism.

[IceBear]

I still keep hoping someone will tell him that he made Trudeau quit (not true, but if no one looks closely it could be sold that way) and then he can figuratively hold the head of our former prime minister up to his masses and lap up the praise and then be able to talk like a rationale adult...wait, nevermind, that unpossible

[GreenGoo]

I appreciate that your leaders are willing to listen, but I can't help but observe that Trump does not understand integrative bargaining and believes he must come out ahead in all negotiations or it's a loss. And lord help us if he doesn't say thank you when arriving.

Hopefully they can trick him into thinking he's won and we can all go back to focusing on our collective slide into fascism.

I would hope he would meet people more responsible than drumpf. Otherwise I can't see it going well. Ford would know this though. Again, I hope he knows what he's doing.

[waitingtoconnect]

Canadian reporter goes over the border to Buffalo and struggles to find an American who knows about the tariffs.

[IceBear]

Yeah, up here it's constantly talked about where down there many are unaware of it or the annexation threats

[LawBeefaroni]

Ontario's Ford is suspending the 25% surcharge on electricity. He says it's not the Trump threats, but because Lutnik called him and invited him to come to Washington this week to discuss the matter. He said it felt like an olive branch so he decided to suspend it in good faith. Good saving face Ford.

Never negotiate with tariffists.

[Max Peck]

Never negotiate with tariffists.

[waitingtoconnect]

CNN basically saying the tariff escalations are all Canadas fault and they will impact Canada more…and that ford has folded showing trumps pressure works… also that Canada is leaderless and cna be taken advantage of.

[IceBear]

Yeah, sounds like the spin those wanting to please Trump would say

[Holman]

Yeah, up here it's constantly talked about where down there many are unaware of it or the annexation threats

This is where typical American ignorance might be a good thing.

If these people aren't hearing about the tariffs, they also not hearing Trump's and his media's justifications for the tariffs. All they will see is prices responding to the tariffs, and apparently that's all many Americans vote about.

[IceBear]

CNN basically saying the tariff escalations are all Canadas fault and they will impact Canada more…and that ford has folded showing trumps pressure works… also that Canada is leaderless and cna be taken advantage of.

Technically we are in a bad situation for leadership right now. Carney is PM elect and Trudeau is stepping down. Pretty sure there will be an election called before April so no government at all until the election is done.

And yes, a tariff war will hurt Canada more...we are a much smaller economy. The thing is most Canadians are ok with being hurt to stand up to a bully. I mean no one told us to do it, but pretty much every Canadian is going out of their way not to buy anything American, travel to the US, or anything to help US businesses over Canadian.

[Zarathud]

If Spicer and Huckabee had a baby....

Response: You’re insulting us by thinking Americans are stupid enough not to know economics. Or not able to see the prices on store shelves.

[IceBear]

Apparently Trump has doubled down that he doesn't care about short term pain and is looking years / decades in the future. I'm guessing the decades thing means he plans on being president for as long as he is alive

[Rumpy]

I doubt that Ford is going to fall for that, given all his rhetoric about Canada fighting the good fight, but you never know. Smith on the other hand, yowza. I feel like she'd sell out the country just so Alberta could be excluded from the more painful tariffs.

Yeah, if anything, I find Smith potentially more dangerous than Polievre. But she's not receiving as much attention for some reason.

And yes, a tariff war will hurt Canada more...we are a much smaller economy. The thing is most Canadians are ok with being hurt to stand up to a bully. I mean no one told us to do it, but pretty much every Canadian is going out of their way not to buy anything American, travel to the US, or anything to help US businesses over Canadian.

And don't forget that Canada didn't initiate this. We were dragged into this mess by someone who thought it would be a great idea to antagonize us. He can cry victim all he wants, but it's all his damned fault. He's made his bed, he can lie in it.

[GreenGoo]

Apparently Trump has doubled down that he doesn't care about short term pain and is looking years / decades in the future. I'm guessing the decades thing means he plans on being president for as long as he is alive

He doesn't have decades. He's just trying to make people not hold him accountable until he's dead.

[IceBear]

Yeah, and the annexation threats make it more personal for us. The tariffs are one thing...threatening to end our existence is something else

[Holman]

And don't forget that Canada didn't initiate this. We were dragged into this mess by someone who thought it would be a great idea to antagonize us. He can cry victim all he wants, but it's all his damned fault. He's made his bed, he can lie in it.

As an USAmerican, I fully agree.

You guys are worried about your country being wrecked and stolen. Ours already has been.

Whatever it takes.

[IceBear]

Apparently Trump has doubled down that he doesn't care about short term pain and is looking years / decades in the future. I'm guessing the decades thing means he plans on being president for as long as he is alive

He doesn't have decades. He's just trying to make people not hold him accountable until he's dead.

I know he doesn't

[Blackhawk]

I don't expect Canada to take a bullet for us, but when I see others stand up to Trump, Trump responding with threats, and then the others backing down, all I can see is that it's proving Trump right in many Americans' eyes, and emboldening him to double down on his tactics in the future.

[Rumpy]

Yes, and this is partly why we are pushing back. We aren't taking this sitting down and we aren't rolling over.

[hepcat]

Ford rattled Trump. I respect him for that. I see this as Trump blinking. He put on his angry face, but sent his folks out to talk to Canadian officials, I suspect.

[Rumpy]

The interesting thing is that they're both very similar people; built the same way and into the same things. I think Ford likes to golf too and has a business sense, and maybe there's small hope that he could appeal to him in a way someone else wouldn't. If anything, I've been very impressed with the way Ford has come to bat for us ever since this started. He and Charlie Angus have been the most vocal of MPs.

[Kraken]

I don't know what it's going to take, but even as someone that is going to experience the result, Canada needs to push back even harder.

There exists a group of people that simply won't believe you when you tell them the stove top is hot; they need to feel it for themselves - it's the only way they learn.

Yep, I'm foursquare behind Canada even if this means my electric bills are going up. Our bill quadrupled when we moved...what's another 25%?

[Blackhawk]

Your old bill.

[Victoria Raverna]

House GOP blocks Democrats from forcing vote on repealing Trump tariffs

It reads: “Each day for the remainder of the first session of the 119th Congress shall not constitute a calendar day for purposes of section 202 of the National Emergencies Act with respect to a joint resolution terminating a national emergency declared by the President on February 1, 2025.”

LOL.

Cowardly GOP freezed time to next year to avoid having to vote on stopping Trump.

[LordMortis]

It's like the pivots is now a 180 in less than six months. From Eggs to we may need inflate our way out of debt to tariffs are the best way to inflate our way out of debt to I can't rule out a recession to recession is good way make things better long term. Every American should make sure they have six months savings plus enough for discretionary spending and unforeseen circumstances. Oh and while you're at it at, forget about no one very thought about batteries powered boats killing people got out and buy Tesla for America and buy TSLA stock while you are at it.

"gro-ceries. who uses that word. gro-ceires."

[IceBear]

At least Europe gets to join the fun tariff game today

[GreenGoo]

At least Europe gets to join the fun tariff game today

It is very confusing why an American president, even one so unintelligent and inept as drumpf, would start a trade war with the entire world, simultaneously.

Does he have an overconfident view of America's place in the world?

Is he planning on replacing all western trade partners with Russian aligned ones?

I mean, what is the plan here? Destroy America so he's remembered forever? Any attention is good attention, even bad attention?

What in the actual fuck. It's wild.

[hepcat]

He thinks he's bringing back the early days of global economics when tariffs could work because industry could abruptly change their manufacturing and logistic processes without causing massive upheavals. But those days are long gone. And even more damning to his intelligence is his completely missing the fact that his drive to push migrants out of the country en masse is even further hurting that goal because we simply don't have a ready work force to even handle such moves.

[LawBeefaroni]

He lacks fundamental understanding of global economics, trade, manufacturing, and politics. What he does have in excess is an overinflated estimation of his own prowess in all those areas, plus an army of yes men and lickspittles who will go to great lengths to make his fever dreams into reality.

In his previous term, he had somewhat competent individuals in key positions who would rein in his more extreme, insane impulses. Now that doesn't exist. Instead he has an insane grifter who is mad thst USAID forced his native country to abandon apartheid egging him on, hoping to turn the US into an isolationist, white nationalist hellscape.

[Holman]

He's gambling that tariffs will work to replace tax income so that he can eliminate the income tax, making him the most popular president of all time (for about three months until the economy completely and irrevocably collapses).

He has even said this out loud.

[IceBear]

At least Europe gets to join the fun tariff game today

It is very confusing why an American president, even one so unintelligent and inept as drumpf, would start a trade war with the entire world, simultaneously.

Does he have an overconfident view of America's place in the world?

Is he planning on replacing all western trade partners with Russian aligned ones?

I mean, what is the plan here? Destroy America so he's remembered forever? Any attention is good attention, even bad attention?

What in the actual fuck. It's wild.

I know. I mean if he just came after Canada we'd be more screwed than we are because it would limit the US pain to the point of it not being noticeable and killing us. But when he goes after everyone at the same time he's isolating the US from the rest of the world

[LordMortis]

He's gambling that tariffs will work to replace tax income so that he can eliminate the income tax, making him the most popular president of all time (for about three months until the economy completely and irrevocably collapses).

He has even said this out loud.

Tariffs are a consumption tax. A sales tax by another name. A way to shift the tax burden to middle class and poor.

[IceBear]

He's gambling that tariffs will work to replace tax income so that he can eliminate the income tax, making him the most popular president of all time (for about three months until the economy completely and irrevocably collapses).

He has even said this out loud.

Yes, I've read this and if it ends up being right I guess everyone else will have egg on their face. Most articles I've read seem to say that as of right now the only tax cuts are to the ultra rich (who aren't know to pass along their savings) and that if he gets businesses to move back to the US then the money he collects from the importers goes away as nothing to import to tax

[LordMortis]

He's gambling that tariffs will work to replace tax income so that he can eliminate the income tax, making him the most popular president of all time (for about three months until the economy completely and irrevocably collapses).

He has even said this out loud.

Yes, I've read this and if it ends up being right I guess everyone else will have egg on their face. Most articles I've read seem to say that as of right now the only tax cuts are to the ultra rich (who aren't know to pass along their savings) and that if he gets businesses to move back to the US then the money he collects from the importers goes away as nothing to import to tax

From what I've read, the typical middle class wage slave is supposed to see about a $1000 a year income tax cut (cant' find support right now). However, if tariffs, a consumption tax, are to generate the $200 Billion a year, that means an average of about $600 a year per capita generated by consumption tax. So the middle class gets about a $400 or less tax break before overhead and inflationary costs. The wealthy, most specifically the private equity markets, get that plus another $240,000,000,000 in breaks divided among them.

https://www.crfb.org/blogs/how-much-rev ... iffs-raise

https://apnews.com/article/tax-cuts-job ... b06b6d3cd7

[IceBear]

He really pisses me off. He put tariffs on world wide steel and aluminum, so Canada and the EU are replying with tariffs of their own. Now Trump is mad and said he's going to up the ante. What the fuck does he think everyone is going to do? Just roll over and take it? So he's probably going to raise the tariffs (I hope that's all he's going to do) and everyone will probably raise their response back into a vicious cycle. He could just decide to negotiate with everyone.

[Zaxxon]

Technically we are in a bad situation for leadership right now.

[LordMortis]

He really pisses me off. He put tariffs on world wide steel and aluminum, so Canada and the EU are replying with tariffs of their own. Now Trump is mad and said he's going to up the ante. What the fuck does he think everyone is going to do? Just roll over and take it? So he's probably going to raise the tariffs (I hope that's all he's going to do) and everyone will probably raise their response back into a vicious cycle. He could just decide to negotiate with everyone.

Raising tarifs or sanctioning specific trade is all he can do at this juncture. Sucks. It's going to have a big negative effect on economies around the world. People are going to hurt or worse but at least at this point that's all he will do. Take schadenfreude, I guess, in knowing your government is looking for global resiliency while ours?, we're the ones who are going to (rightfully and that hurts) suffer the most and for the longest. For now it's the best you get.