The US will press ahead with steep tariffs on Canada and Mexico from Tuesday, Donald Trump has said, setting the stage for a trade war with his country’s two largest economic partners.
Hours before his administration was due to hit America’s closest neighbors with sweeping import duties, the US president claimed there was “no room left” for a deal to avoid their imposition. The announcement led to a sharp sell-off on Wall Street.
All Mexican exports to the US are set to face a levy of 25% under the plans. Most Canadian exports will face a 25% tariff, with energy products facing a 10% duty.
. . .
The action is set to prompt swift retaliation. “We’re ready,” said the Canadian foreign minister, Mélanie Joly.
For someone who purports to be a fantastic negotiator and deal maker, this guy is sure a Kevorkian of deal making lately.
“Tariffs are easy, they’re fast, they’re efficient, and they bring fairness,” Trump said. He described the levies as a “a powerful weapon” that other presidents had not used because “they were dishonest, stupid or paid off in some other form”.
so. much. projection.
Hey America, get fucked. Your bald eagles come to Squamish for mating and we’re offering them all Canadian citizenship.
Also, please note that individual Americans who oppose Trump are always appreciated…
But yea, my household has dramatically severed ties with US companies and switched to consuming goods produced domestically or in Europe.
Hey America, get fucked.
USA here, and oh boy… are we working on it!
fare thee well, Canada. there are a ton of us over here seriously rooting for you.
Literally dozens of us.
Ahh yes another day another instance of Trump personally fucking my 401k, investments, grocery bills, and edging my employer closer to layoff mode. Any time now his brilliant economic policies are gonna save America though!
He dreams of cutting taxes for the rich, and paying for it with tariffs on Canada. It’s his only dream. He has no clue how to run an economy. He has been bankrupt several times.
Tariffs are a tool for economic subsidies and protectionism they never fucking work as an income stream because they actively discouarge the activity they tax - they’re similar in action to sin taxes. Sin taxes discourage an activity and necessarily destroy their own revenue - they should never be seen as a tool for income outside of to minimize the harm of the activity they tax.
Even if running a government like a business was a good idea, putting in charge a conman that managed to bankrupt a fucking casino is well beyond dumb.
I think it was 2 casinos
3, no?
The billionaires backing him don’t care. The economy will tank and since they’ve seen record, insane profits recently they’ll buy everything up. Putin and China love this too since it will fracture US hegemony and smash north American manufacturing.
Rent seeking behavior really is the end of empires.
“Singlehandedly stop drugs from entering our country!” pours gasoline over economy and global alliances
“Okay, yeah, we can start working on that.”
“Okay, I’ll give you 3 weeks.” does fuck all at own border
“Well, that’s really not eno-”
“Times up!” lights match “We’ll still take that oil and gas, though.”
Also much of what he’s asking for is either something that’s being taken care of or straight-up isn’t a real problem.
