What you mean you hope canada threatens to retaliate? Would be very weird that canada doesnt do the same 25%
Then poilievre will be elected and will lowrr the taxes as before being the saviours and due an aliance of assholes in north america
The Trump Presidency - Part 2
- Thread starter The Boy
- Start date
What you mean you hope canada threatens to retaliate? Would be very weird that canada doesnt do the same 25%
Then poilievre will be elected and will lowrr the taxes as before being the saviours and due an aliance of assholes in north america
He'll just fire the Fed people that set the rates thinking that'll sort it, food and gas is what concerns me, I have to pay it, I have no debt so that doesn't bite me as hard
Authoritarianism and far-right tendencies have been rampant for the good part of the last 20 years. It's not been limited to Russia. Europe, South America, India were all hit by the far-right wave and all crave for a "strong" leader. Trump, Putin or Netanyahu are symptoms, not the cause.
After January 6th I thought that Trump was finished and his mandate just an anomaly destined to serve as a cautionary tale, at least in the West. It turns out that it just enabled all the crazies around the world and the US bringing him back for another round shows that the roots of the problem ran much deeper than many thought. If France and Germany ultimately succumb to the FN and the AfD's siren songs, the West as we know it is finished.
Ultra-nationalism, a logical reaction to a too rapid globalization that too many weren't prepared to embrace and the failure of the traditional parties to alleviate their worries, seems the only the way forward for the many now. The whole world is set on a crash course.
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Yep. Fascism is winning. It’s really, really upsetting.
That scenario is as close to impossible, as possible
Canada needs to retaliate with oil, massive tariffs and/or an embargos of the export of it, it will hurt Canadians for sure but it will hurt Americans badly as well, despite what Trump tells you the US cannot refine a large portion of it's domestic production because it's light crude and US refineries mostly process heavy crude, when gasoline goes up a $1+ a gallon they'll be shitting bricks
As unlikely as it is there's not a whole lot either country could do if it came to pass
Perhaps, but firing the Fed and “taking control” will most likely fail. The bond markets would collapse and the dollar would start plummeting. He’s getting dangerously close to flirting with Lis Truss-style policies where the real powers in the room - big business and the banks intervene. We’ve never seen a Prime Minister booted - in like a week. Trump can only so far - before some folks show up at his door with far more power then he could ever imagine and explain to him how the world really works.
It is utter nonsense. Vote or you have no right to complain about anything that happens during the next term imo.
Australia is very far from perfect but their compulsory voting requirements are brilliant. We generally get turnout of about 92%.
You aren't even forced to vote. Just show up (or get a postal vote).
Quick reminder that Trump's tariffs are taxes on American businesses/Importers, not on the named countries. It only effects Canada if the US can find alternative or domestic supply.
From what I've read it would take years to rebuild the the Refinery/pipeline infrastructure so that the US is not so reliant on heavy crude. Thus, they will continue to import and just pay the tariffs to the IRS/Elon, for that product at least, nil effect on Canada.
He claims he's imposing tariffs to help fight the drug epidemic but yet he pardons silk road founder. Make it makes sense.
Canada will retaliate, specifically on products that come from Trump-backing states. They might also withhold crucial products, but that's less likely, given how it hurts Canadian provinces.
But no need to do anything about oil: Trump just put a 10% tariff on Canadian oil imports, which are important for refineries in the midwest apparently. So any gas station dependent on those can expect prices to start going up by about 75¢ per gallon, based on what I've read.
Exactly. For now, it will raise gas (as I said above) and electricity prices (for states dependent on imports from Ontario, Quebec, and BC), as well as the prices of house construction (significant amounts of lumber are imported from Canada) and anything aluminum.
If Trump persists with this long enough (as you say: years), production chains might really change. But I think it's more likely that Trump will face a huge reaction over this, due to higher prices in the US plus US businesses facing reduced imports to Canada. Canada will then announce even more measures on border control, and then Trump can pretend he's cancelling the tariffs because he achieved his goals.
In the meantime, businesses and individuals will have suffered financially on boyh sides of the border. It's a total lose-lose, and I suppose it's the same with Mexico.
You just have to hope Trump isn't too deluded or stubborn to cancel the tariffs. That would really suck.
Ultimately though, I think the long-term effect is that all of the US closest partners will start having doubts about these partnerships, and will look for other markets and friends. I just don't see how that benefits the US; but then it seems virtually no-one in the US agrees with Trump on these tariffs either...
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You do know that the US imports something like 50% of its heavy crude from Canada?
Trudeau's statement mainly focusing on appealing to the American people... Has matched the tariffs though. Some industries delayed "to help Canadian businesses find alternative suppliers".
Any they will likely continue to do so right?
Moreover, the companies running the refineries aren't willing to invest into modernizing them to process the oil they produce through fracking because of renewables. That investment would likely never break even. So drill baby drill is essentially just a mean to increase exports which again will be heavily effected by the trade wars Trump is about to start.
Intially probably, but if it carries on they'll look to start getting creative - at the end of the day no one wins
Food prices will start rising quickly in the US too, as Mexico accounts for 70% of vegetable and 50% of fruit imports.
With energy, house construction, steel, agriculture and food all impacted industries, I can't see how prices won't adjust quickly and painfully for Americans, let alone how much this could unsettle markets.
This feels like a massive own goal from Trump.
Absolute crackpots on this thread and they talk about Trump.
UAW backs Trump's tariffs. 
Canada is a bridge too far I feel. I can’t even make up a bogus justification he could use. With Mexico however, he could use the war on the cartels as an excuse. Also, Mexico is not NATO, which might still mean something.
Maybe that’s the play. Use some bogus justification to try to invoke Article 5 or something to attack Mexico. When the rest of NATO rightly turns around and tells him to feck off, use it as pretext to withdraw from NATO.
American Brexit incoming.
Also read somewhere that Canada are imposing 100 pc tariff on Tesla...if true...Go on Canada!!
Also read somewhere that Canada are imposing 100 pc tariff on Tesla...if true...Go on Canada!!
Unfortunately the USA shooting itself in the face actually has consequences for everyone. With UK Brexit, they were so insignificant the shooting was contained to the face.
Texas governor Abbott also threatening Canada's economy...
I really do hope the world collectively stands up to the US and tells them where to shove it. Good start by Canada and Mexico with the retaliatory tariffs.
Rubio can fearmonger about how its vital to US security all he wants, but unless they invade they won't get it. Greenlanders want complete independence in the future, not being a vassal under a different country.
If they want to build more military bases i'm sure Greenland and the danish parliament would be all ears.
Pretty much this. Probably willing to sell them mineral rights too. All this rethoric does is undermine NATO. Denmark isn't exactly known for being a difficult alliance partner.
Back in the 00’s we were positively horny for the US, eagerly signing up for their fun Middle East excursions. Our PM at the time and later head of NATO, Anders Fogh, always droned on about how the US provides stability and security.
But even if it’s 100% clear that Trump’s actions cause massive inflation and hits American’s in their pockets, he’ll blame Biden’s administration and say it’s all because of their actions before he took office and all of his supporters will believe it.
That’s where the country is now. The Truth doesn’t matter.
For his hardcore base, yes, but the Presidential election is largely decided by vibes voters, who don’t pay attention to anything other than their own financial situation. If Trumps trade war triggers price increases and job loss, the Republicans will get punished in the midterms.
Trump is at the beginning of the end of his foray into politics, he has 4 years to 'do the deals' he wants to do, so that his legacy will end up as a .... 'Trump t-ri-ump-h'.... in Making America Great Again!
It is not about Republicanism, its all about him, it has always been about him, he believes he is the 'Arch-deal maker.'
He wants something from Canada and Mexico and will try to make deals with his near neighbours' using trade as his 'weapon of choice'; knowing if he gets 'something done' about borders/drugs/immigrants, he will have proved his point.
His real impact/legacy is on the spotlight he threw (around the world) on 'fake news', he demonstrated that news was manipulated and how to do it.... he convinced the world that the only truth is what YOU believe.
The world, awash with social media/AI, etc. might never recover from this aspect of Trump's legacy...!!
It is not about Republicanism, its all about him, it has always been about him, he believes he is the 'Arch-deal maker.'
He wants something from Canada and Mexico and will try to make deals with his near neighbours' using trade as his 'weapon of choice'; knowing if he gets 'something done' about borders/drugs/immigrants, he will have proved his point.
His real impact/legacy is on the spotlight he threw (around the world) on 'fake news', he demonstrated that news was manipulated and how to do it.... he convinced the world that the only truth is what YOU believe.
The world, awash with social media/AI, etc. might never recover from this aspect of Trump's legacy...!!
The question is of they will remember this. Two years is a lot of time to get used to price increases and who knows with which topics Trump is going to distract from his own failure by then.
Of course, I mean if the economic hardship brought on by Trumps actions is still present shortly before and during the next election cycle. If it picks back up, he will just be considered a genius.
Hell has frozen over
Meanwhile…
Hasn’t Rand Paul always been at least outwardly principled around his libertarian bullshit?