The Trump Tariffs thread

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K1052

Elite Member
Aug 21, 2003
51,068
43,066
136
Canadian retaliation for our auto tariffs goes into force tomorrow at 12:01AM

The Minister of Finance, the Honourable François-Philippe Champagne, today confirmed that Canada’s new countermeasures announced last week in response to the unjustified tariffs imposed by the United States on the Canadian auto industry will come into force at 12:01 a.m. EDT on April 9.

As the Prime Minister indicated on April 3, this includes:

  • Twenty-five per cent tariffs on non- Canada-U.S.-Mexico Agreement (CUSMA) compliant fully assembled vehicles imported into Canada from the United States.
  • Twenty-five per cent tariffs on non-Canadian and non-Mexican content of CUSMA compliant fully assembled vehicles imported into Canada from the United States.

https://www.canada.ca/en/department...inst-auto-imports-from-the-united-states.html
 
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SteveGrabowski

Diamond Member
Oct 20, 2014
8,538
7,166
136
Yes, it's not working for everyone. But also, most people are not working Uber and Doordash and we should stop pretending that everything was complete shit.
A lot of this nation works shit jobs for piss poor pay thanks to free trade shipping once decent paid work overseas for arbitrage opportunities and we get Walmart jobs back. Stop acting like everyone works a nice "email job" at a desk just because you and your social circle does.
 

nakedfrog

No Lifer
Apr 3, 2001
60,931
16,290
136
The idea that somehow manufacturing wasn't happening in the US is completely devoid from reality. Lots of things are made here, just not cheap bs widgets. And we were seeing a manufacturing comeback with things like the CHIPS Act supporting domestic semiconductor.

In other news, it's fantastic to see everyone jerking off about "manufacturing jobs", as if other jobs are not Real Jobs™. People's ancestors would have killed to have so-called "email jobs" instead of having a place on the doohickey assembly floor.
Gotta work a Real Job to be a Real Man with a Real Dick and Balls. Also, OSHA is for pussies, we're ditching that. Also also, the more you work the more manly you'll be, so no more 40 hour work week. What are you, a girl?
 
Dec 10, 2005
27,388
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A lot of this nation works shit jobs for piss poor pay thanks to free trade shipping once decent paid work overseas for arbitrage opportunities and we get Walmart jobs back. Stop acting like everyone works a nice "email job" at a desk just because you and your social circle does.
The people pushing these tariffs are the ones fetishizing ye ol' manufacturing job.

And pay has gone up over the last few years, beating inflation. Global trade has also helped improve people's quality of life by helping to bring down the cost of everyday items and allowing people to consume more stuff.

But don't worry, these tariffs will only help to make things worse for the "lot of this nation working shit jobs for piss pay" as people have less and less money to spend thanks to rising costs of goods and job losses from the self-induced recession.
 

SteveGrabowski

Diamond Member
Oct 20, 2014
8,538
7,166
136
The people pushing these tariffs are the ones fetishizing ye ol' manufacturing job.

And pay has gone up over the last few years, beating inflation. Global trade has also helped improve people's quality of life by helping to bring down the cost of everyday items and allowing people to consume more stuff.

But don't worry, these tariffs will only help to make things worse for the "lot of this nation working shit jobs for piss pay" as people have less and less money to spend thanks to rising costs of goods and job losses from the self-induced recession.
Shut the fuck up with your strawmanning. I said tariffs would have been great in the 90s, not now when American manufacturing has been decimated by free trade with China for decades and when they're now just a big sales tax on the people since that manufacturing is never coming back.
 
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linkgoron

Platinum Member
Mar 9, 2005
2,571
1,231
136
A lot of this nation works shit jobs for piss poor pay thanks to free trade shipping once decent paid work overseas for arbitrage opportunities and we get Walmart jobs back. Stop acting like everyone works a nice "email job" at a desk just because you and your social circle does.
The US has failed to spread the vast wealth that the top 1%, and especially the 0.1% (or whatever) have managed to gain. Shitty tax laws have been changed to funnel more and more money to the top, with "regular" workers seeing much less of the profits, and executives having less of an incentive to actually increase salaries in a way that reflects how much revenues have increased. Sadly, bringing back manufacturing won't fix that, and with automation and robotics where they are today, I'd bet that there would be much less jobs than people expect anyway.
 
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K1052

Elite Member
Aug 21, 2003
51,068
43,066
136
OTOH I am looking forward to the rampant smuggling this is going to cause from both Canada and Mexico for like basic consumer goods and consumer electronics.
 

MrSquished

Lifer
Jan 14, 2013
25,630
23,987
136
Gonna be buying our pc parts and consoles right off the trucks coming down from Niagara.

I think someone estimated that we'd have to put like 800% tariffs on China to start making manufacturing some of this stuff make sense in America.
 

Indus

Lifer
May 11, 2002
14,292
9,986
136
Gonna be buying our pc parts and consoles right off the trucks coming down from Niagara.

I think someone estimated that we'd have to put like 800% tariffs on China to start making manufacturing some of this stuff make sense in America.

They should lower the minimum wage for the MAGA states to $1200 a year or $100 a month.

Then it would make sense to manufacture in those states!

Don't look at me weird.. they VOTED for this and they should get EXACTLY WHAT THEY VOTED FOR!
 

cytg111

Lifer
Mar 17, 2008
25,142
14,642
136
You all know where this tariff bullshit comes from right? So any economist worth a grain of salt wont work with the Trump admin and so at the bottom of the barrel they found the Rudy Giuliani of economics Peter Navarro. Navarro has actually written a books on tariffs, books where he sources his theories to some financial guru called Ron Vara. Ron Vara. An anagram of his own name.
Its all fucking made up in this one guys demented brain. A hustling conman. And Trump fell for it. THE DON GOT CONNED.
Jesus Christ.
And now they're crashing the world economy with Ron Vara scripture.

Edit: I think the rumor is that it was actually Kushner that found this guy by searching for economic books on Amazon...
 
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Indus

Lifer
May 11, 2002
14,292
9,986
136
Glad I gave up the PC upgrade itch a few years ago.

Still using my 1080 from 2016/17

Still plays things I play just fine.

If needed I guess I have integrated graphics to fall back on till these tariffs are ended in 4 years!

I was so tempted by RTX 4090.. NOT!
No way I'm paying that price for a card!





BTW cleaning the card's dust out once a year with a blower seems to help it with not overheating!
 
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linkgoron

Platinum Member
Mar 9, 2005
2,571
1,231
136
You all know where this tariff bullshit comes from right? So any economist worth a grain of salt wont work with the Trump admin and so at the bottom of the barrel they found the Rudy Giuliani of economics Peter Navarro. Navarro has actually written a books on tariffs, books where he sources his theories to some financial guru called Ron Vara. Ron Vara. An anagram of his own name.
Its all fucking made up in this one guys demented brain. A hustling conman. And Trump fell for it. THE DON GOT CONNED.
Jesus Christ.
Not to say that I support Trump, but more likely it's the other way around. I think it's Trump went fishing for an "economist" that would support his tariff policy and he found Navarro. He got what he wanted.

Here is a video where Trump states basically the same things that he states today, just in the 80s:
 
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cytg111

Lifer
Mar 17, 2008
25,142
14,642
136
Not to say that I support Trump, but more likely it's the other way around. I think it's Trump went fishing for an "economist" that would support his tariff policy and he found Navarro. He got what he wanted.

Here is a video where Trump states basically the same things that he states today, just in the 80s:
Ah you quoted before I got the Kushner part in.. But yea they defn went looking for crazy
 

K1052

Elite Member
Aug 21, 2003
51,068
43,066
136
Reportedly it was Jared who found Navarro for Trump by, and I am not kidding, reading a synopsis of Navarro's book off Amazon.

But yes they are two peas in a pod on this for sure.
 
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VRAMdemon

Diamond Member
Aug 16, 2012
7,439
9,325
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The trade deficit isn't some "national emergency" It's a sign of America's strength!

A trade deficit sounds bad, but it is neither good nor bad.

It doesn’t mean the U.S. is losing money. It simply means foreigners are sending the U.S. more goods than the U.S. is sending them. America is getting more cheap goods, and in return it is giving foreigners financial assets: dollars issued by the Federal Reserve, bonds from the U.S. government and American corporations, and stocks in newly created firms.

That is, a trade deficit can only arise if foreigners invest more in the U.S. than Americans invest abroad. In other words, a country can only have a trade deficit if it also has an equally sized investment surplus. America entrepreneurship attracts global capital and fuels the deficit. The U.S. is able to sustain a large trade deficit because so many foreigners are eager to invest here. One major reason is the safety of the U.S. dollar. Around the world, from large corporations to ordinary households, the dollar is used for saving, trading, and settling debt. As the world economy grows so does the demand for dollars and dollar dominated assets. from cash to Treasury bills and corporate bonds. Because the dollar is so attractive, the Federal Reserve gets to mint extra cash for use abroad, and the U.S. government and American employers and families can borrow money at lower interest rates. Blaming foreigners for the trade deficit, therefore, is like blaming the bank for charging a low interest rate. We have a trade deficit because foreigners willingly charge us low interest rates – and we choose to spend that credit.

Trumps frenzied attacks on the nation’s trade deficit show he’s misreading a sign of American economic strength as a weakness. Rather than reviving U.S. manufacturing, Trump’s extreme tariffs and erratic foreign policy are likely to instead scare off foreign investors altogether and undercut the dollar’s global role. That would shrink the trade deficit – but only by eroding the very pillars of the country’s economic dominance, at a steep cost to American firms and families.

Trump’s authority to levy these tariffs is based on statute. Statutes which can be nullified through another act of Congress.

2/3 of Congress to override a veto. Dems hold roughly half of each house. Meaning it would take 1 in 3 republicans to vote with Dems to end this madness. Remember that during the midterms. They are more than happy to sacrifice themselves if it means owning the Dems. Never underestimate their hate and stupidity. no working American is going to “win” in this stupid fucking trade war.
 

Muse

Lifer
Jul 11, 2001
39,836
9,568
136
It's amazing how Trump and his brainwashed followers remain motivated by the same half-baked economic ideas Trump has always had: A fixation on trade deficits. It's rooted in the zero-sum notion that if we buy more from a country than we sell to them, we’re being “ripped off.” It’s been told repeatedly by economist after economist, expert after expert that trade deficits aren’t inherently bad - that they often reflect strong domestic demand or a robust service economy. Trump and his cult don't care. The misunderstanding is the point. And Trump will drag the global economy into a ditch rather than learn how it works.

Treasury Secretary Scott Bessent in his interview with Tucker Carlson:

“The president is reordering trade… we are shedding excess labor in the federal government… that will give us the labor we need for the new manufacturing.”

Sooooo! Are laid-off NIH cancer researchers really going to find jobs in the iPhone factories that are being relocated to America? This nonsense barely registers on the MAGA meter. Is this the vision? : Take NIH scientists, coders, artists, researchers, and teachers and force them into low-wage jobs doing whatever robots can’t yet do. Not because it’s efficient. Not because the work isn’t valuable. But because they are who the far right considers dangerous, people who know how the system works, and might challenge it.

Trump’s tariffs aren’t just bad economics. They’re part of a declaration of economic war on the America that didn’t vote for him. Destroying universities, starving higher education. It’s about political control. Education has always been a democratizing force. It creates citizens who are harder to intimidate, likely to demand fair treatment, and less willing to obey autocrats. It delays childbirth, disrupts patriarchal family structures, and builds civic coalitions that threaten right-wing hegemony. It's all under attack.

The MAGA worldview and "wokeness" is built on the grievances of conservative men: angry that women increasingly don’t want to date them, that younger generations are abandoning the religion that once gave them automatic status, that they are no longer guaranteed a high-paying job out of high school without having to compete with the “liberal nerds in college” or with immigrants, or with workers of color overseas. Trump’s tariffs are imagined as a cure-all: destroy the livelihoods of the educated men they resent, displace women from the professional fields where they thrive, and reassert dominance over a labor force they believe was rightfully theirs.
After a while in a protracted recession rationales concerning tariffs won't withstand the dismay that will pervade the nation. They will be unpopular and people who defend tariffs will be regarded unfavorably. I never liked the slogan "it's the economy, stupid," but it will reign soon enough. When things aren't too bad, all kinds of things stand a chance, but when things get real tough, it's show me the money. If we are in a deep recession in 9 months Trump, his cabinet and advisors will be very unpopular.
 

SteveGrabowski

Diamond Member
Oct 20, 2014
8,538
7,166
136
After a while in a protracted recession rationales concerning tariffs won't withstand the dismay that will pervade the nation. They will be unpopular and people who defend tariffs will be regarded unfavorably. I never liked the slogan "it's the economy, stupid," but it will reign soon enough. When things aren't too bad, all kinds of things stand a chance, but when things get real tough, it's show me the money. If we are in a deep recession in 9 months Trump, his cabinet and advisors will be very unpopular.
In nine months it could be illegal to publicly disagree with Trump
 

esquared

Forum Director & Omnipotent Overlord
Forum Director
Oct 8, 2000
24,557
5,686
146
No it isn't. Total Chinese imports to the US in 2024 were 462 Billion. Total imports from Canada were 273 Billion. That's more than half. That is no rounding error.
To be clear, Momentsofsanity said "huge rounding error" in response to RnR_au's post that everyone else but china, India, EU is a "rounding error"
More reason to have posted a /s after his comment.

I thought the same thing as Momentsofsanity, as Mexico and Canada were a huge rounding error. US imports from Mexico was 505B last year. That's more import money than US had with China
 
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