I think like the rest of us he must have assumed tomorrow was March 1st because there’s no way January is 2 months long.
But here we are on January 5843rd :/
He is trying to bluff I guess? It’s stupid because it will hurt all our industry more than it will hurt other nations.
mostly waving the malformed 'shroom around to get countries to do whatever he wants.
So, is it good for the price of eggs?
It’ll be excellent for the price of eggs in Canada.
Eggs are increasingly gonna be fucked everywhere because of bird flu alone.
But yeah. Short term, tariffs are gonna fuck Canada hard. Then pretty quickly it will destroy the US too. Saw a few analysts hypothesize as short as a one week delay (but that is more due to speculation).
Sorry, just to clarify, Canada is a net exporter of eggs - the tariffs by the US will make it less economical to export eggs and so we’ll likely see domestic egg prices in Canada drop making them more affordable.
Yeah. It is less to do with importing and exporting and more to do with needing to cull large numbers of chickens and eggs to remove infections.
Canada will likely have cheaper eggs than the US but it is still gonna be brutal.
I’ve long ago given up any idea I can predict what the stock market is going to do. I would expect markets to reach poorly to this but there’s been no significant budging. How do the rich that are invested in it think this will be good for anyone?
I suspect that is why every (?) tariff he has declared has been rescinded or delayed. He is pushing his boundaries and they are smacking him down at every step.
That said: Limited tariffs DO benefit the oligarchs. Because if Apple MIGHT need to bump up the price of an iphone, you can be sure that everyone is going to crank the prices up themselves. Same with oil and gas prices where it doesn’t matter where a gas station sources fuel from, they are gonna bump up the prices.
As for why we haven’t seen much volatility yet? People are doom spending.
Because if Apple MIGHT need to bump up the price of an iphone, you can be sure that everyone is going to crank the prices up themselves. Same with oil and gas prices where it doesn’t matter where a gas station sources fuel from, they are gonna bump up the prices.
With the iPhone they’d run into the price elasticity limitations. If the cheapest new iPhone is out of reach to consumers, they’ll find a substitute that doesn’t enrich Apple (that may be an Android , or a used Apple phone ).
With oil and gas, those are less elastic. People need to get to work/school and need to heat their homes/water.
As for why we haven’t seen much volatility yet? People are doom spending.
You’re right, this is the most likely answer I think.
eggcellent
This is very bad for food prices.
That article is already outdated - they’re still saying it’s set for tomorrow: https://www.reuters.com/world/americas/north-america-braces-new-trump-tariffs-saturday-deadline-nears-2025-01-31/
Yeah KKKaroline was just in a presser and said it’s happening tomorrow. Someone needs to jam a snake fang in that necklace of hers, I am pretty sure it’s one of Trump’s horcrux.
*I am pretty sure it’s one of Trump’s horcrux. *
So thaaaaats what JD Vance is for…
Fucking Christ.
Say goodbye to your savings.
If you got none, I’ve got good news. You’re gonna lose some weight!
Why would this hurt my savings?
It wont if you produce everything you consume yourself.
Savings is money in the bank. If I still have money coming in, I won’t have to use my savings. You are claiming that inflation will get so bad that I’ll have to use money I’ve put away. You may be right, but I hope you’re wrong.
Youre right, it wont hurt everyone’s savings. Many people earn much more than they spend, so they should be fine. Youre lucky to be one of them. But for most people, savings are not locked away growing indefinitely. They use their savings now and then for some bigger expenses, like replacing appliances, repairs for your car/house/apartment, etc. When your savings grow at a slower rate between expenses and those expenses get more expensive, thats definitely hurting your savings.
Hurting your savings doesnt only mean that the number on your bank account is getting lower. Maybe you need a certain amount at a certain time, like college expenses for your child, or for your pension. If you cant reach that amount anymore because your saving rate keeps falling, I would definitely call that hurting your savings.
I know it is the point of this initial wave (fuck’s sake… it is not even two weeks yet) but this really is the year of “Fuck it, whatever”
Still. Hopefully we just continue our threat of a trade war with Canada for the next 4 to infinity years rather than actually do it.
visual of imports from both: https://www.visualcapitalist.com/what-the-u-s-imports-from-canada-and-mexico/
Imports from Canada: https://tradingeconomics.com/canada/imports/united-states
Examples: Crude Oil, Steel, Wood, Toilet Paper, Electricity and many others.
Imports from Mexico: https://tradingeconomics.com/united-states/imports/mexico
Examples: Toyota and Lexus cars; Car Sterios, Dell PCs, SSD drives, network cards, vegetables, tobacco and many others.
Remember: a 25% tariff really means a 40% increase to American consumer.
Pwning the libs is gonna be an expensive hobby for … well, forever.
