Get ready! Tarriffs of 25% for Mexico & Canada; 10% for China hit at midnite! Why is Trump pushing this IMPORT TAX? Why blanket Tarriffs? Why Canada?

[DrPepper12]

Trump Treasury Secy Scott Bessent dismissed concerns from Dems saying that exporters from China would lower their prices due to higher US tariffs adding any tariffs should be phased in so that any “price adjustment” could be absorbed gradually.

Economists forecast roughly $1,300 increase for households on average as US factories rely on inputs from Mexico & Canada.

The auto & electric equipment sectors in Mexico are most exposed to disruption & mineral processing in Canada. The largest risks to USA would be to farming, fishing, metals and auto sectors.

Trump has stated the ability of tariffs to protect domestic manufacturers. But on balance, most economists expect fresh trade barriers to raise prices for US businesses and households, which will lead to a temporary burst of higher inflation. How temporary depends on Americans’ expectations about future increases in inflation

"We don’t need what they have,” Trump said. He added that "tariff rates could increase over time" and suggested that the "tariffs might not apply to oil imports", a decision that could avoid an all but certain spike in gas prices.

While the US is the world’s largest oil producer, Canada refines the lighter US crude with heavier oil from places like Canada to make fuels like gasoline & diesel which is then re-inported. Roughly 60% of the oil that the United States imports comes from Canada, & about 7% comes from Mexico. As such, that total is 35% of the US daily consumption.

If Canadian refineries respond to the tariffs by cutting production, gas prices in the Midwest could climb 15 to 20¢ a gallon & smaller increases outside the region.

At the northern border, the flow illegal migrants skyrocketed in 2024. During that time, more than 23,000 arrests were made of migrants crossing illegally — 2 years before it was around 2,000.

Hope it's all worth it MAGA!

I can handle $1,300 a year & .20¢ per gallon to stop the madness

I can't handle more inflation. Don't link tarriffs & immigration!

I support tarriffs on both but Canada? Why?

Here's my take...

[Cormac995]

My guess is the tariffs are basically financial blackmail. I think he's putting them up, so he has a carrot to push them where he wants while he hit's them with the stick. Take Columbia for example, when they wouldn't take back their illegal immigrants trump basically slapped his dick on the table and said "Fine then I'll destroy your country. We're one of Columbia's only trading partners and friends they don't have many of either. If those tariffs were upheld, it would bankrupt the country. That's why he posted that stupid meme of him as a mob boss holding up that FAFO sign.

My guess is he put those tariffs up so that they'll come to him and go "Ok Donald what do you want to remove these?" I think the reason he put such high ones on Mexico is he's trying to force them to allow us to deal with the cartels. My guess is once they start towing the line those tariffs will go down or even just away. What he wants with Canada I don't know unless he's not joking about annexing them which I pray to God he is joking. That said I actually support retaking the Panama Canal honestly by the agreed lease when we built it, they cheated us it should still be ours.

[Friendlybro79]

@cormac995 not sure about your idea in the cartels but I do agree he is trying to use tarrifs as a threat and he uses the American people as bait. We're bait because he's giving them a chance to call his bluff and then we suffer with higher prices. Listen I dislike him and think he's mentally toasted. He's not coherent and rambles and complains all the time about how everyone's out to get him despite becoming president again. If his threats work to be fair democrats like myself should be big enough to admit it. I say this frustrated because right wingers can't own up to one positive think Biden did. My 401k doubled during his tenure and returned higher returns than under Trump. It was up during Trump too but under Democrats I've done better over the past 22 years of having a 401k. Time will tell if his tactics work. I'm hoping he doesn't cost us all more.

He hasn't done anything about egg prices or food prices and keeps backing down from that now. He seems to be all talk. Hopefully he'll accomplish something good. I don't want him to fail and cause us harm.

[Cormac995]

@Friendlybro79 I disagree part of what worries me so much is how many of his promises he's keeping, and I even like some of them. I hate that fucking rapist we call a president but so far and these are just a few of the big ones he promised 1. pardoned Jan 5th? Check. 2. Start killing DEI? Check. 3. Mass Deportations of Illegal Immigrants? Check. 4. Removing trans people from the military? Check.

Donnald trump is keeping a ton of his promises and framing himself as a populist and that's fucking terrifying because this is out of Julius Ceasars handbook. I know those are just a few of the promises he kept he's done more and as a result he's playing the American people like a fiddle because they feel like they finally got an "Honest" president. (Gags)

Also, I know Biden did some good but frankly his presidency was a disaster in a lot of ways and by the second year of his presidency it was clear his brain was goo. I think Biden is a week spined coward that preaches all day long about virtue while being a pathetic fearful old man.

[Cormac995]

@Friendlybro79 The war in Ukraine would be over already and Ukraine would have won a massive victory by now but instead he shit himself every single time Putin screamed "Wah Wah Nukes!" It was pathetic, and it's cost thousands of lives destroyed family's and devastated a country for conquest wealth and power we've stood by with minimal effort as an unprovoked genocide takes place in euroupe.

My thoughts on the Palestine conflict is a pretty polarizing one but I also feel like America hasn't been keeping Isreal on a tight enough leash. I want Isreal to win and fuck up these terrorist groups so far, they're killing a ton of them, but they're definitely have been war crimes committed but this is more complicated than both the left and they right are saying.

They have a 13% friendly fire casualty rate, thats fucking insane! If 13% of the time the fighting and combat is so desperate they can't tell friend from foe then yes when someone looks like a terrorist at a glance yea they're going to have an itchy trigger finger.

[Cormac995]

@Friendlybro79
People forget how HAMAS and Hezbollah fight. The Isreal's are fighting a war where that woman walking up to the aid truck with a swaddling cloth might have a hungry baby or she might have a bomb. They fire RPG's out of apartment blocks and build secret bases under hospitals. If the terrorists are using a hospital as a fortress, then what are they supposed to do? Just let HAMAS kill their people?

Like I said though, too many war crimes are happening, and Netanyahu is a dictator that has seized control of a democratic country and he's using this war to justify extending his term even more. Does the war need fought for Israel to be safe? Yes. Is Netanyahu doing it to protect his people? Hell no. He needs to be charged and tried for a lot of things.

I'm also super pissed about the airstrikes they did on Syria they were unprovoked, unnecessary and damaging to a group that's trying to create a state with some form of democracy with separation of church and state and a tolerance for n ethnic diversity. We need Syria to be our friends, and they want to be! They've made that clear and they don't want to start shit with Israel because they have bigger priorities like getting relief aid to their people and creating a brand-new fucking government!

Basically, they knocked on NATOs door and said, "Hey can we be friends?" and then Isreal just ran to the front door and punched Syria in the face. Luckily, they seem to have stopped harassing Syria but they need to pay for the equipment they destroyed and make an official state apology to the Syrian Interim Government.

If I'd been president when I found out about that I'd have called Netanyahu immediately and scream at him for a good hour at least.

[BonzoInBitburg]

I'm Canadian and it won't affect the average Canadian business because we aren't a manufacturing economy. Our biggest exports are oil, gas, lumber, cars and metals. We're going to slap an export tariff on oil in this little pissing contest and you can pay more at the pump. Our exports aren't going to go down because Americans need our oil which is our biggest export. All that's going to happen is domestic cars, new houses and everything that uses oil will be more expensive for Americans. Trump just increased government revenue without raising taxes.

[DrPepper12]

Sorry. MAGA is just.. yeah. Sorry.

[dustybiker2]

Is that plain enough for trump fans on gag?

[BonzoInBitburg]

Almost all our exports are electricity, oil, gas, lumber, cars and food. That's what's going up in price and Canada is betting that the US can't live without those. Even our prime minister who doesn't scare anyone and commands no respect isn't afraid of Trump's nonsense. He had a press conference and basically said right back at ya Donnie. Kinda sucks because it means bourbon from maga states it's going up 25%. Can't beat American whiskey.

[UnwantedScorpio]

He should raise chinas tariff higher so they can’t afford the army

[DrPepper12]

Tell us more

[dustybiker2]

"Why are all my fangirls mad at me?"

[MisterWack]

Reminder to Americans:

When you put tariffs on imports, the importer raises prices on the company to not allow their profits to slip then that company raises prices on consumers to not allow their profits to slip. Tariffs on imports is a tax hike on what you are buying as a consumer, you pay more for less.

I know I’ve said US Presidents don’t influence the economy, well they used to until this one tariffed imports like an idiot after promising to lower prices & fight shrinkflation.

[OneViewpoint]

Why is tRump pushing an import tax that will drive inflation, initiate trade wars, and political isolation? Because tRump is not very bright and totally ignorant of economics and politics. Simple solutions for simple minds. And on top of his limited intellectual capacity, he doesn't care what disaster he causes with his juvenile economic policy or his bullying of other countries. tRump just wants attention. He craves it.

I hope the MAGA crowd enjoys the rampant inflation and isolationism they voted for. Because it's exactly what they are gonna get. The damage will take decades to repair. Food prices are about to get seriously out of control as the food supply dwindles from tariffs and a lack of cheap farm labor from deportations while our trading partners walk away to find new trading partners who aren't using tariffs to limit their exports and new buyers for their food production. And they won't be coming back!

[lightbulb27]

I'd do it gradually. these are our largest trade partners, but we are in deficit with them... that's the problem. We are financially broke and financing the world... so he's trying to fix that. If the treasury gets filled up, then he's right. If we have more debt in 4 years, he was wrong... and were screwed.

There is lots of historical wisdom in analogies. If there is an earthquake offshore, don't sit on the beach (e. g. the incoming suname could wipe you out... a woman just died from something like that). Id hedge your life for upheaval.

At times there is a food fight in the cafeteria..."duck". So maybe raise some ducks... and chickens?

His justification is we've been screwed for years. but he worked a deal 8 years ago?

[mattthefatbat]

This is the Great and Amazing Praised for so Long plan the Republicans have spoken about! Most economists who have researched this have literally all agreed that it will only cost American consumers even more money, but apparently the people have voted.

[AManOnTheWeb]

It's mathematically a flat tax which greatly benefits billionaires at the expense of the working class. The MAGA crowd are too moronic to understand Trump is raising their taxes to fund the tax breaks on the billionaires because the taxes are "bundled" into the price of goods/services.

[Med_guy1978]

He wants to cut income tax supposedly and that way he needs to cover the deficit by highering tariffs on imports. I heard the tariffs will be 100% on China? As far as Canada is concerned, he'll put pressure on them and offer them to join the US in some way or another.
Tariffs are quite normal worldwide and quite a necessity as most BRICS countries are dropping the Petro Dollar which is what is keeping the Dollar and US economy strong but as a fiat currency it is forecast to crash so I guess Trump is trying to save it.

[hahahmm]

Canada will fold like a wet napkin. And even if they didn't, the US has more oil in the ground than any other country on earth. BS politicians have prevented us from tapping it.

[Danzigdawson]

Trump's tariffs = about 830$ more in expenses, overall, for the average American household. 😄 🖕🇨🇦

[DrPepper12]

Great. Who's gonna refine that? WE DON'T HAVE REFINERIES!!

[hahahmm]

@DrPepper12 Ahh, you sound scared. Drive your overpriced EV and don't worry about it.

[Danzigdawson]

@hahahmm 'Scared' is the permanent mental state of conservatives. Spineless and dickless in all but appearances.

[DrPepper12]

Scared. Yes. You got me.

[exitseven]

Fentanyl is being sent across the Canadian border and the trade agreements between the two counties have been stacked against America. Trump is imposing tariffs to get Trudeau's attention /. Atsriff on Chin is pretty self explanatory.

[Danzigdawson]

About 0.2% of the Fentanyl that's sold illegally in the US comes in from Canada. On the other hand, your own criminal gangs are probably our biggest suppliers. Aren't you tired of embarassing yourself?

www.nytimes.com/.../canada-fentanyl-trump.html

[exitseven]

@Danzigdawson if it was your kid that got ahold of that.2% you would not be happy. Illeagl aliens mostly from China are coming across the northern border.

[DrPepper12]

Only in a fevered MAGA mind... Canada is not your enemy

[exitseven]

No but they need to be better neighbors. The US has been everybody's butt monkey for decades. It needs to end.

[Danzigdawson]

@exitseven Yes, the best way to improve any relationship is to plain old bully the other (s) involved in order to coerce them into giving you what you want by ruining their financial situation (and your own in the same process).

Every successful marriage is based on intimidation, one-sided compromise, coercion and blackmail.

[beefcakebradybatson]

Idiot forgets the U. S. imports three-quarters of its lumber, and nearly all its natural gas, crude oil and electricity from us.

[blackeagle007]

Trump pissing off our allies as usual. What else is new

[Anonymous]

you know those countries charge tariffs on imports from the USA right? Why do you think that's perfectly fine, but it's super-duper evil for the USA to charge tariffs in return? Just wondering.

[DrPepper12]

Cuz six nanoseconds ago the GOP was pro free trade and anti tarriffs. Then dear Leader told MAGA what to think

[WhiteBoyChill]

1) Why should I freak out when there’s nothing I could do either way?

2) Isn’t it better to just wait and see what happens instead of jumping to conclusions?

[DrPepper12]

Ok. It's reality. Now what?

[seeyounexttuesday]

wait taxes on corporations raise prices? Did you know about that when you were screaming to tax Amazon?

[DrPepper12]

Windfall profits tax and corporate tax rate will do neither.

[seeyounexttuesday]

Tell me you don’t understand economics without telling me.

[Still-alive]

Well its a little past midnight Saturday in DC still no tariffs yet. still a chance he backs down! ill be watching!

[chrissykerdock]

he's looking out for americans

[DrPepper12]

through a scope at a target 🎯 on our backs... Yes.. he's looking out...🙄

[chrissykerdock]

both tariffs worked i guess he's smarter than you

[Dargil]

Read the news and find out.

[UrsulaY]

Buckle up