Trade Wars and Tariffs

#51
#51
lawgator1 said:
You're out of your mind if you think that kind of transformation can happen in decades, much less four years.
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Certainly more achievable than a decade long transformation of the energy requirements, the very foundation of Western Civilization prosperity, with hundreds of trillions $.
 
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#57
#57
Canada made a commitment to spend 2% GDP on defense back in like 2016, to Trump himself. Years later they are at like 1.7%. They have been getting a free ride.
 
#58
#58
I have zero problem of squeezing China, Russia, Mexico as hard as we can. But I have major issues with using the same strategy on our friends and allies. You deal with the disagreement with your friends completely differently than with your foes. Treating them the same makes no sense. I just looked up the world GDP by country. The US is currently in trade wars with 22% of the world economy and has threatened trade wars on another 27%. If implemented, the US will be in trade wars with half of the world economy.

Again, what bothers me the most is the how the US treats its allies and friends the same as foes such as China, Russia and Mexico. Canada (our ally) is being targeted already. Taiwan and most of the EU countries (also our allies) are being threatened. Rest of the large economies in the world: Japan, UK, South Korea, Aussie are our allies too. Who is to say Trump would not threaten them with tariffs for whatever reason?

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Numbers are from here:
en.wikipedia.org

List of countries by GDP (nominal) - Wikipedia

en.wikipedia.org en.wikipedia.org
 
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#59
#59
gcbvol said:
Posted this earlier in another thread, but think this is what we'll see.

Everyone knows how this will play out. Each leader will criticize the tariffs and respond with their own, as one would expect from the leader of a sovereign nation. Meanwhile, they'll negotiate behind the scenes and come up with a new agreement. All 3 need each other.
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What is it that you people don't get? Other countries already have stiff tariffs on American goods. Or prove me wrong tell me you know of a Ford dealership in Brussels.
 
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#60
#60
gcbvol said:
Like I said, there are likely going to be some negotiations to tweak a few things. But going after a key ally (and neighbor) over peanuts at the expense of your own citizens is a choice. I stand by it being nothing more than politics around campaign promises.
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Could be. I think it is also hoping the conservatives win in their upcoming elections.
 
#64
#64
Trudeau has internal pressures to stop trade war.

From the article:

The CEO of Canada’s second-largest publicly traded company says Canadians want their government to do all the things that President Trump is demanding — and slammed outgoing Prime Minister Justin Trudeau for not preventing the trade war.

“Canada thrives when it works with America together. Win by helping America win. Trump believes that Canada has not held its side of the bargain,” Tobi Lutke, who co-founded Shopify, wrote on X.

“Leadership is about doing what’s right, not what is popular. And hitting back will not lead to anything good. America will shrug it off. Canada will decline,” Lutke added about Trudeau’s planned retaliation.

www.aol.com

CEO of Canada’s 2nd biggest company defends Trump’s tariff demands, slams Trudeau for not stopping trade war

"These are things that every Canadian wants its government to do, too. These are not crazy demands, even if they came from an unpopular source," Tobi Lutke, who co-founded Shopify, said.
www.aol.com www.aol.com
 
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#65
#65
exotic_vols said:
I have zero problem of squeezing China, Russia, Mexico as hard as we can. But I have major issues with using the same strategy on our friends and allies. You deal with the disagreement with your friends completely differently than with your foes. Treating them the same makes no sense. I just looked up the world GDP by country. The US is currently in trade wars with 22% of the world economy and has threatened trade wars on another 27%. If implemented, the US will be in trade wars with half of the world economy.

Again, what bothers me the most is the how the US treats its allies and friends the same as foes such as China, Russia and Mexico. Canada (our ally) is being targeted already. Taiwan and most of the EU countries (also our allies) are being threatened. Rest of the large economies in the world: Japan, UK, South Korea, Aussie are our allies too. Who is to say Trump would not threaten them with tariffs for whatever reason?

View attachment 719124

Numbers are from here:
en.wikipedia.org

List of countries by GDP (nominal) - Wikipedia

en.wikipedia.org en.wikipedia.org
Click to expand...

Simply establishing a tariff is different than treating allies and adversaries equally.

How many partners impose tariffs on our exports? With friends it’s a lot about recipriocity of free trade and fulfilling commitments. FAIR trade. Not unfettered access to the US consumers without something in exchange.

It shouldn’t be difficult for the true “friends” to act on our concerns. Adversaries like the CCP - they can’t be trusted and need the iron fist. Their economy, society, and party likely collapses without exploitation of US markets.
 
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#66
#66
CobbVol said:
Trudeau has internal pressures to stop trade war.

From the article:

The CEO of Canada’s second-largest publicly traded company says Canadians want their government to do all the things that President Trump is demanding — and slammed outgoing Prime Minister Justin Trudeau for not preventing the trade war.

“Canada thrives when it works with America together. Win by helping America win. Trump believes that Canada has not held its side of the bargain,” Tobi Lutke, who co-founded Shopify, wrote on X.

“Leadership is about doing what’s right, not what is popular. And hitting back will not lead to anything good. America will shrug it off. Canada will decline,” Lutke added about Trudeau’s planned retaliation.

www.aol.com

CEO of Canada’s 2nd biggest company defends Trump’s tariff demands, slams Trudeau for not stopping trade war

"These are things that every Canadian wants its government to do, too. These are not crazy demands, even if they came from an unpopular source," Tobi Lutke, who co-founded Shopify, said.
www.aol.com www.aol.com
Click to expand...
Trump has pressure too. Pre-market trading says this is a disaster
 
#68
#68
volfanhill said:
Source for that. I saw a tweet that said that. Had no source
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From Bearded's post it appears these are 'over quota' rates, and not the standard.

I could see Canada reducing their quotas OR over quota rates a bit so Trump could claim a win and end it.
 
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#71
#71
If we wanted. the US could be very close to self sufficient. We are blessed with resources and capital.
 
#72
#72
Sgt_Nick_Fury said:
Tarrifs are tip of the iceberg with Mexico, this hasn't even started to get heated yet. The Mexican govt is a puppet organization for cartels. We are going after the cartels. That feud hasn't even really gotten started, the tarriffs are the least of it. In many ways the tarriffs are a litmus test to figure out who is who in DC and around the nation. Canada is being asked to get in line for what comes next. We'll see. But Canada depends on our finished goods, and agricultural products much more then we do theirs. We import more of their unfinished resources which will take longer to truly effect the prices on shelves. But yes alot of items will be going up down the road especially on construction and electronics.
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Just shooting from the hip, bro
 
#73
#73
CobbVol said:
Trudeau has internal pressures to stop trade war.

From the article:

The CEO of Canada’s second-largest publicly traded company says Canadians want their government to do all the things that President Trump is demanding — and slammed outgoing Prime Minister Justin Trudeau for not preventing the trade war.

“Canada thrives when it works with America together. Win by helping America win. Trump believes that Canada has not held its side of the bargain,” Tobi Lutke, who co-founded Shopify, wrote on X.

“Leadership is about doing what’s right, not what is popular. And hitting back will not lead to anything good. America will shrug it off. Canada will decline,” Lutke added about Trudeau’s planned retaliation.

www.aol.com

CEO of Canada’s 2nd biggest company defends Trump’s tariff demands, slams Trudeau for not stopping trade war

"These are things that every Canadian wants its government to do, too. These are not crazy demands, even if they came from an unpopular source," Tobi Lutke, who co-founded Shopify, said.
www.aol.com www.aol.com
Click to expand...


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