Tariffs don’t scare me. It’s actually threats of tariffs anyway. I don’t anticipate the 25% on Canada to be at that level for long. Maybe not even the weekend. If we get into a trade war with Canada (or anybody else), we’ll win. I’m glad that MAGA has the backbone to stand up against being taken advantage of.
Trump was voted in to fix immigration. Money talks. Mexico is listening. They need to stop the caravans. They need to do something about the trafficking.
None of our defense allies or trading partners give a **** about our national debt problem. Tariffs gets their attention. Also, when negotiating, your initial offer isn’t expected to be accepted. Better behavior can be rewarded with 10% instead of 25%.
Trump’s creating an External Revenue Service, so I would anticipate no zero tariff arrangements. It needs to be normalized to charge anybody with a trade imbalance something - even if it’s only 1-5%.
Nobody has been putting up an effective resistance when the IRS has higher tax rates legislated to collect more from citizens. With an ERS the burden can be shared by more than just the 100 million or so US citizens footing the bills.
Some will argue that tariffs are simply taxes paid by consumers because it will bring higher prices. I’ll counter that by saying more competition from more trading partners can offset a lot of potential price increases.
