Tariffs Catch-All
- Thread starter BubbaOtis
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Lobster fishermen in Maine buy all their diesel from Canadian sources
Lots of Michigan buys gasoline brought in from Canada and refined in the USA
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Love seeing Trudeau calling out Trump's BS ploys, just as he did the first time in his announcement letter. "We will commit to having 10K troops at the border, just as we have now, and have had for some time."
I imagine he will continue to do so. Canadians despise Trump right now, and this wins him major political points there, when he was becoming out of favor.
Embarrassing watching our Prez get bitch slapped around, not only by Putin this time, but our closest allies (or those that once were.)
Trump keeps telling his gullible cult sheep that the world respects us so much more when he is Prez. Of course they believe it, but nothing could be further from the truth.
I imagine he will continue to do so. Canadians despise Trump right now, and this wins him major political points there, when he was becoming out of favor.
Embarrassing watching our Prez get bitch slapped around, not only by Putin this time, but our closest allies (or those that once were.)
Trump keeps telling his gullible cult sheep that the world respects us so much more when he is Prez. Of course they believe it, but nothing could be further from the truth.
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- 745
If the Big Lie from Trump 1.0 was the "stolen election," then so far in Trump 2.0 it is that Trump was going to save Americans from the high costs of goods due to "Biden's worst economy in American history."
Exhibit 1: Trump's Treasury Secretary Scott Bessent today at an Economists conference, "Access to cheap goods is not the essence of the American dream."
What happened to Trump lowering costs substantially on Day 1? That is why he was elected, #1 reason, his mandate and all that.
Where are all the MAGAts, we need answers from the bamboozled cultists.
Exhibit 1: Trump's Treasury Secretary Scott Bessent today at an Economists conference, "Access to cheap goods is not the essence of the American dream."
What happened to Trump lowering costs substantially on Day 1? That is why he was elected, #1 reason, his mandate and all that.
Where are all the MAGAts, we need answers from the bamboozled cultists.
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NS lobsterman sell lobster to Canada directly. US lobster is sold to Canadian processors who then sell it to China because I believe China still has tariffs on the US from the first Trump fiasco.
Lot of trump flags on Maine lobster boats so have the day you voted for assholes.
' Rep. Jared Golden, an advocate for Maine’s lobster industry, told the Bangor Daily News that he praises Trump’s decision to implement tariffs. “We can incentivize job creation and manufacturing while leveling the playing field and rebalancing our trade. These tariffs are also a leveraging tool to crack down on the deadly flow of fentanyl into our country.” '
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What the UAW wants is for all those jobs to come back stateside. That’s not happening unless the next two presidents maintain Trump’s puerile trade tantrum.
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“… Canada could face more tariffs, President Trump said Friday.
Asserting Canada has been "ripping us off for years on tariffs for lumber and for dairy products," Trump pledged reciprocal levies unless those are dropped.
"And we may do it as early as today, or we'll wait till Monday or Tuesday, but that's what we're going to do. We're going to charge the same thing. It's not fair."
Trump didn’t provide any additional details on his plans and the White House didn’t immediately respond to a request for comment. …”
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Big Chunk of North American Trade Remains Exposed to Tariffs
The Trump reprieve applies to products covered under a 2020 pact, which leaves a lot of goods still subject to the new 25% tariff levels
GIFT LINK
—> https://www.wsj.com/economy/trade/b...74?st=FWbjuJ&reflink=mobilewebshare_permalink“… Because USMCA rules are so complicated, businesses have sometimes chosen to pay a tariff on a given product instead of expending time and money to figure out whether it is USMCA-compliant, according to trade experts.
…
The analytics firm Trade Partnership Worldwide estimated that in 2024, 50% of Mexican exports and 38% of Canadian exports entered the U.S. duty-free under USMCA. These products include cars, trucks and auto parts from either country. Also falling under this category are Canadian rapeseed oils, chocolates, beef and engines; and Mexican television sets, air conditioners, avocados and tomatoes.
About 40% of U.S. imports from Canada and Mexico fell outside USMCA but still passed through duty-free: The U.S. imposes no tariffs on a host of products, regardless of the supplier country.
… The 25% tariff that Trump implemented on Tuesday is likely high enough to prompt many businesses to do the legwork to figure out whether their products fit under USMCA, said Ed Gresser, a former trade negotiator and vice president of the Progressive Policy Institute.
… TPW estimates that each day the U.S. imports $1 billion of goods from Canada and Mexico that faced no tariffs even without USMCA.
That means companies could now be on the hook for $250 million a day in new tariffs.
The White House said Thursday a lower 10% tariff would apply to Canadian energy products and potash from either country that falls outside USMCA.
That means that the majority of $124 billion of Canadian energy exports to the U.S. last year could be subject to higher tariffs under the new regime.
Businesses didn’t bother to claim USMCA for $78 billion in Canadian crude oil that came into the U.S. last year because the products faced only 0.1% tariffs. Companies could now begin to make claims with more money at stake, although if they don’t because of resource and time considerations, the products would be subject to a 10% tariff.
About $16 billion of other primarily Canadian energy products came in tariff-free and outside of USMCA; that would now be subject to 10% tariffs.
About $3 billion of Canadian potash entered tariff-free and outside of USMCA, according to TPW, and similarly would now be subject to 10% tariffs.
Gresser said that even U.S. Customs and Border Protection officials will be struggling with implementation, which involves understanding the changes and reconfiguring electronic databases appropriately.
“A mountain of legal challenges and headaches are ahead,” he said. …”
ChileG
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I see a great opportunity for DOGE. Unfortunately, they are too busy poking around the SSA.Big Chunk of North American Trade Remains Exposed to Tariffs
The Trump reprieve applies to products covered under a 2020 pact, which leaves a lot of goods still subject to the new 25% tariff levels
GIFT LINK
“… Because USMCA rules are so complicated, businesses have sometimes chosen to pay a tariff on a given product instead of expending time and money to figure out whether it is USMCA-compliant, according to trade experts.
…
The analytics firm Trade Partnership Worldwide estimated that in 2024, 50% of Mexican exports and 38% of Canadian exports entered the U.S. duty-free under USMCA. These products include cars, trucks and auto parts from either country. Also falling under this category are Canadian rapeseed oils, chocolates, beef and engines; and Mexican television sets, air conditioners, avocados and tomatoes.
About 40% of U.S. imports from Canada and Mexico fell outside USMCA but still passed through duty-free: The U.S. imposes no tariffs on a host of products, regardless of the supplier country.
… The 25% tariff that Trump implemented on Tuesday is likely high enough to prompt many businesses to do the legwork to figure out whether their products fit under USMCA, said Ed Gresser, a former trade negotiator and vice president of the Progressive Policy Institute.
… TPW estimates that each day the U.S. imports $1 billion of goods from Canada and Mexico that faced no tariffs even without USMCA.
That means companies could now be on the hook for $250 million a day in new tariffs.
The White House said Thursday a lower 10% tariff would apply to Canadian energy products and potash from either country that falls outside USMCA.
That means that the majority of $124 billion of Canadian energy exports to the U.S. last year could be subject to higher tariffs under the new regime.
Businesses didn’t bother to claim USMCA for $78 billion in Canadian crude oil that came into the U.S. last year because the products faced only 0.1% tariffs. Companies could now begin to make claims with more money at stake, although if they don’t because of resource and time considerations, the products would be subject to a 10% tariff.
About $16 billion of other primarily Canadian energy products came in tariff-free and outside of USMCA; that would now be subject to 10% tariffs.
About $3 billion of Canadian potash entered tariff-free and outside of USMCA, according to TPW, and similarly would now be subject to 10% tariffs.
Gresser said that even U.S. Customs and Border Protection officials will be struggling with implementation, which involves understanding the changes and reconfiguring electronic databases appropriately.
“A mountain of legal challenges and headaches are ahead,” he said. …”
superrific
Master of the ZZLverse
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Why the hell is the UAW advocating for higher tariffs? It would put half of them out of work. I get that long-term they see value to tariffs but short-term there is no fucking way.
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no idea
Duke Mu
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The Village Idiot...except... (see below)
Duke Mu
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Let's be honest about Trump 2.0.
The chaos (smoke bomb) is covering a series of BANK ROBBERIES in plain sight.
1. Manipulation and a priori knowledge of stock market before affected by tariff and other trade announcements. We saw some of this criminal activity in Trump 1.0. Since the markets are largely driven by computer software transactions, it means that the trends are highly predictable with a decent algorithm and/or experience.
2. Musk at the till and damn the conflicts of interest.
3. Massive tax cuts for Billionaire Bros.
4. The usual merch grifting
to a lesser extent:
5. RFK Jr. and MAGA snake oil money grab instead of Research and new meds/vax for cancer, heart disease, Type II diabetes, and pandemics.
6. Reduced environmental regulation
The chaos (smoke bomb) is covering a series of BANK ROBBERIES in plain sight.
1. Manipulation and a priori knowledge of stock market before affected by tariff and other trade announcements. We saw some of this criminal activity in Trump 1.0. Since the markets are largely driven by computer software transactions, it means that the trends are highly predictable with a decent algorithm and/or experience.
2. Musk at the till and damn the conflicts of interest.
3. Massive tax cuts for Billionaire Bros.
4. The usual merch grifting
to a lesser extent:
5. RFK Jr. and MAGA snake oil money grab instead of Research and new meds/vax for cancer, heart disease, Type II diabetes, and pandemics.
6. Reduced environmental regulation
HandsonFire
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What a leader of men and country. Cream of the crop.
