Trade Wars

[Verdinut]

He's back to claiming making deals....err, threats.

According to a lawyer who teaches at Ottawa University, what Trump is doing is actually illegal. The former signed commercial agreements rule.

 

[trochetier]

Thanks for that link.

So the domestic producers of goods that have imported competition are increasing their prices, who would've guessed that would happen? The same happened with the price of US steel in the first Trump administration with the Trump steel tariffs.

From your linked article we've the following graph:

View attachment 74011

Strategic pricing -Domestic growers, manufacturers would raise their price too. It would be stupid to leave the extra profit on the table.

 

[mtrycrafts]

Strategic pricing -Domestic growers, manufacturers would raise their price too. It would be stupid to leave the extra profit on the table.

And, higher inflation follows.

 

[Verdinut]

And, higher inflation follows.

And then recession most likely.

 

[mtrycrafts]

And then recession most likely.

And then, it will be Biden's fault.

 

[Mikado463]

And then, it will be Biden's fault.

'Then' ???? Hell, it already is !

 

[Dude#1279435]

'Then' ???? Hell, it already is !

Credibility is pretty well toast for Republican voters since Trump.

 

[Dude#1279435]

Credibility is pretty well toast for Republican voters since Trump.

Not even talking about policy. Just what the climate is really. I think it's a difficult stain to remove.

 

[trochetier]

And then recession most likely.

Trump wants low interest rate, that may stop recession but revv up inflation.
Trump wants lower interest rate to lower interest payment on national debt. $ 3T his BBB will be racking up!.
Lower rates benefits his RE businesses too.

 

[trochetier]

You think we pay high prices for medicines now! Trump is threatening 200% tariff on those too.

Most generics medicines are imported from India - India is targeted for 20% across the board tariffs. Expect generic prices to go up too.

 

[lovinthehd]

The biggest victim of drumphy's trade wars will be the US.

 

[dlaloum]

You think we pay high prices for medicines now! Trump is threatening 200% tariff on those too.

Most generics medicines are imported from India - India is targeted for 20% across the board tariffs. Expect generic prices to go up too.

Australia exports circa US$1.23 B in pharmaceuticals to the USA.

It will be tough for those Australian manufacturers - but even tougher for people in the USA dependent on some of these drugs, who will now find themselves having to pay the 200% tariff.

About 40% of Australian exported pharmaceuticals go to the USA... but I guess that will change dramatically now.

 

[GO-NAD!]

Apparently, if you respond negatively to someone who has kicked you in the balls, you are "mean and nasty".

Trump thinks Canadians are ‘mean and nasty’ for boycotting U.S. travel, booze: Ambassador | Globalnews.ca

'There are reasons why the President and some of his team refer to Canada as being mean and nasty to deal with,' said U.S. ambassador to Canada Pete Hoesktra on Monday.

globalnews.ca

 

[trochetier]

Strategic pricing -Domestic growers, manufacturers would raise their price too. It would be stupid to leave the extra profit on the table.

https://www.nytimes.com/2025/07/22/business/steel-prices-tariffs.html?campaign_id=9&instance_id=159061&nl=the-morning&regi_id=275326314&segment_id=202433&user_id=41f44e91221c5e3e8c854979ec5f5c9d

"American steel makers are raising prices, forcing new costs onto domestic manufacturers that make everything from cars to military tanks. The increases come on the back of President Trump’s tariffs on steel and aluminum.

Two big American producers, Cleveland-Cliffs and Steel Dynamics, reported on Monday that they had charged more for their products in the second quarter of this year than they did in the first quarter.

About a fifth of the steel sold in the United States is imported. The steel tariffs, which were raised last month to 50 percent from 25 percent, have made imports of the metal much more expensive. And as imports have declined, American producers have more power to opportunistically increase their prices, buyers said"

GM Profit Hit Shows How Tariffs Are A Tax On Your Retirement Funds

The impacts will be felt more broadly in many industries, and the question is when the choice becomes to preserve profits by raising prices.

www.forbes.com

 

[dlaloum]

https://www.nytimes.com/2025/07/22/business/steel-prices-tariffs.html?campaign_id=9&instance_id=159061&nl=the-morning&regi_id=275326314&segment_id=202433&user_id=41f44e91221c5e3e8c854979ec5f5c9d

"American steel makers are raising prices, forcing new costs onto domestic manufacturers that make everything from cars to military tanks. The increases come on the back of President Trump’s tariffs on steel and aluminum.

Two big American producers, Cleveland-Cliffs and Steel Dynamics, reported on Monday that they had charged more for their products in the second quarter of this year than they did in the first quarter.

About a fifth of the steel sold in the United States is imported. The steel tariffs, which were raised last month to 50 percent from 25 percent, have made imports of the metal much more expensive. And as imports have declined, American producers have more power to opportunistically increase their prices, buyers said"

GM Profit Hit Shows How Tariffs Are A Tax On Your Retirement Funds

The impacts will be felt more broadly in many industries, and the question is when the choice becomes to preserve profits by raising prices.

www.forbes.com

The Oligopolist in Chief, is supporting his mates in the steel industry, at the expense of everyone else who is dependent on steel pricing.

So much for "free market" economics.