GO-NAD!

GO-NAD!

Audioholic Warlord
Tariffs as an approach to strategically move industries into one's country are a valid approach - of course the result is that the cost of the goods tariffed, will rise by the amount of the Tariff...

The price and market of/for vehicles in the USA has been distorted by this for decades... with 25% Tariff on imported trucks resulting in American manufacturers focusing on that format to the exclusion for the most part of standard cars (where they have to compete with europe/japan/china etc...)

Australia used to have substantial Tariff's which were put into place to protect the local manufacturing industry, and ensure that we have a local industry... (along with government largess for those same industries) - it worked and Australia had car manufacturing locally from the 1950's to circa 2000 .... then they stopped the funding, and cut back on the Tariff's, GM, Ford and Toyota pretty quickly closed up shop, and transitioned to an import model.
Cost of cars here in Australia has remained high (50% to 100% higher than in the USA).

What may well happen, is that the cost of cars in the USA will rise by 25% to 50% as a result...
The massive cost of moving all production to the US is one thing. Then, there will be the collapse of sales in the Canadian market, since who will want to buy from those manufacturers? It's unbelievable that nobody in that administration is willing to tell him that this is a stupid idea.
 
mtrycrafts

mtrycrafts

Seriously, I have no life.
Hard to say. I do generally think he's a moron but if the US Treasury is collecting the tariff levies, I can't help but also think that he (or likely someone planning for him) wanted it to bolster government revenue to be spent somewhere else or help balance the books after he makes some tax cut for his billionaire buddies/masters. The cynic in me thinks it's just another underhanded form of taxation on american consumers dressed up as "look at how I'm standing up for you". I suspect part of the reason he backed off was due to at least some of the general public being more aware of who was actually going to pay for it and getting the word out more than he expected.
Yes, the US public is fattening the treasury instead of collecting more taxes, especially from those billionaires and many multi-millionaires.
 
mtrycrafts

mtrycrafts

Seriously, I have no life.
The massive cost of moving all production to the US is one thing. Then, there will be the collapse of sales in the Canadian market, since who will want to buy from those manufacturers? It's unbelievable that nobody in that administration is willing to tell him that this is a stupid idea.
Everyone in the administration is afraid for their job to oppose T and Musk's billions to come back at them.
Spine surgeons could have a field day doing surgeries to fix all those spines.
 
D

dlaloum

Senior Audioholic
Yes, the US public is fattening the treasury instead of collecting more taxes, especially from those billionaires and many multi-millionaires.
Look at US history.... there used to be high Tariffs, that resulted in a government surplus (yep surplus rather than deficit!) look at the 1890's - it led to the Republicans losing office!
 
mtrycrafts

mtrycrafts

Seriously, I have no life.
Look at US history.... there used to be high Tariffs, that resulted in a government surplus (yep surplus rather than deficit!) look at the 1890's - it led to the Republicans losing office!
Let's repeat it.
Yes, that was before income tax but it was a tax on the people. :D
 
GO-NAD!

GO-NAD!

Audioholic Warlord
Opinion: Trump’s tariff threat was never about fentanyl. Canada just got Zelenskyed - The Globe and Mail

This is not a repeat of his first term. This is not, I repeat, a repeat.

U.S. President Donald Trump’s first go-around featured a lot of sound and fury. It was a scary roller coaster ride, but it mostly didn’t go off the rails. His administration was of necessity staffed with pre-Trump Republicans, who often thwarted the President’s whims and wishes. To Mr. Trump’s great frustration, his first term was nowhere near as revolutionary as advertised.

That was Trump chained. The sequel is Trump unchained. It’s the 200-proof version. We’re going to be doing shots for the next four years.

The second Trump administration is staffed with true believers, plus some reluctant conversos – those who still hold to different faiths but know to keep it to themselves. All are eager enablers. All make regular public showings of being 110 per cent with the program. Those who once embraced heresy are especially prone to enthusiastic professions of fealty – notably Vice-President JD Vance, a Trump critic turned chief hype man.

Nearly every Republican in Congress is cut from one these moulds: all-in for MAGA or afraid of accusations of not being all-in. The President sets the agenda, and no matter how it changes, they defend it to the hilt.

But what is the agenda? And more importantly, why?

Those are not easy questions to answer, as Canadian leaders trying to fend off tariffs have repeatedly learned. It’s difficult, or impossible, to pin down what the Trump administration wants, or why.

As the head of the Canada Border Services Agency told The Globe’s Nathan VanderKlippe, giving voice to what everyone has long known, Canada never found out what, if anything, the U.S. was asking for in return for dropping the tariffs scheduled to come into force on Tuesday. Asked on Sunday if she has received any indication of what the U.S. might request in order to avoid tariffs, Erin O’Gorman said simply: “No.”

Officially, the U.S. position is that those tariffs are about pushing Canada to crack down on a flood of fentanyl allegedly pouring into the U.S. But we all know that’s nonsense. The imaginary flood doesn’t exist. Hence the very odd nonnegotiation. Canada has spent months trying to satisfy a U.S. demand, but the Trump administration has never specified exactly what it’s demanding.

That’s because, as always suspected, tariffs were not a threat made to extract other concessions. Fentanyl is a pretext. Tariffs are MAGA’s real addiction.


And as for Make America Great Again, it means whatever Mr. Trump wants it to mean, on trade or anything else. What happens with the March 4 tariffs – or those for steel and aluminum that could take effect on March 12, or the so-called retaliatory tariffs pencilled in for April 2 – comes down to him, his gut and his whims.

Ukraine similarly faces insistent yet imprecise demands, with nothing offered in return, all delivered with a rising tone of menace. The NATO alliance is in the same boat.

Mr. Trump claims to be all about the art of the deal, but Trump 2.0 hasn’t been doing deals with allies, or trying to do deals. The former real estate developer is like a buyer who keeps badgering a potential seller to make alternations to his property, all while refusing to make an offer or even name a price. It’s been the art of deal breaking, and relationship ending.

Mr. Trump got elected by embracing and opposing many of the same things as most Americans. Most don’t like inflation. Most weren’t happy with the spike in border-crossings under the previous president. Affirmative action and DEI are widely unpopular, whereas race-blind hiring, promotion and college admissions are widely supported. It’s true that government is often bureaucratic and inefficient, that some countries aren’t fair traders and that the U.S. spends a lot more on defence than its allies. And all else equal it would be better if the Ukraine war ended, which will involve talking to Russia.

It’s not hard to imagine a reasonable plan for governing based on the above, which is what a lot of swing voters imagined they’d get from Mr. Trump. But though Americans so far only dimly perceive it, it’s not at all what he’s delivering.

The free world was American-made. It was built by Americans and for – but not only for – Americans. But America is now run by a man who never bought into all that. He wants a going-out-of-business sale.

He’s hostile to free trade. He sympathizes with strongmen. He distrusts democratic allies. He sees weakness – and the allies are obviously weaker than the largest economy in the world – as opportunity for extortion.

The scene last Friday in the Oval Octagon, when Mr. Vance and Mr. Trump tag teamed Ukrainian President Volodymyr Zelensky and tried to slam him as a threat to Americans, is a portent of things to come.

Canada, get ready to be Zelenskyed. Come to think of it, we already have been.
 
mtbdudex

mtbdudex

Audioholic Intern
So basically near zero drugs coming into USA from Canada , what kind of f up game is T doing here

Where’s the chessboard moves?




Sent from my iPhone using Tapatalk
 
Eppie

Eppie

Audioholic Ninja
Proposal from the European Commission to spend €800 on defense over the next several years (increase of about 1.5% of GDP). Just a proposal at this point. Many of the comments call on European countries to not spend one dime of this on U.S. equipment and to only use European contractors. If this proceeds, it could have a pretty big impact on the U.S. defense industry, and I mean in a negative way. Would countries consider cancelling all of those F-35 contracts?

 
M

Mr._Clark

Audioholic Samurai
Since opening yesterday morning - down 1500 points...so far.
View attachment 72567
Good lord. When does this end?

>>>NEW YORK (AP) — Stocks tumbled on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains for the S&P 500 since Election Day.

The tariffs between the U.S., China, Canada, and Mexico helped extend a recent slump for U.S. stocks that was prompted by signs of weakness in the economy.

The S&P 500 fell 1.7%, with every sector in the benchmark index losing ground. The Dow Jones Industrial Average shed 722 points, or 1.7%, as of 11:03 a.m. Eastern time.<<<


Unfortunately, there's no way to get through to the dumb sonofabitch.
 
GO-NAD!

GO-NAD!

Audioholic Warlord
Live updates as Canada fights against 25% U.S. tariffs and braces for economic pain | CBC
Trudeau to Trump: ‘This is a very dumb thing to do’
Catharine Tunney
It’s a quote that will likely go down in history.
Speaking to the camera, Prime Minister Justin Trudeau addressed U.S. President Donald Trump directly.
“It’s not in my habit to agree with the Wall Street Journal, but Donald, they point out that even though you're a very smart guy, this is a very dumb thing to do,” he said.

The quote elicited some gasps from the room.
Well...that's likely to elicit a response.
 
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