- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
Summary
Donald Trump pledged to impose a 25% tariff on all products from Mexico and Canada on his first day in office, blaming them for failing to stop illegal drugs and immigration.
He also vowed to add a 10% tariff on Chinese goods until drug trafficking into the U.S. ceases.
Economists warn these tariffs could drive up consumer prices and inflation.
While violent crime has declined in recent years, Trump continues to link trade measures to border security and drug issues, echoing his first-term trade policies and immigration stance.
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2016 Trump: We’re gonna build the wall 10ft higher!
2024 Trump: We’re gonna make the price of everything 10% higher!?
2024 voters: InFlAtIoN tOo HiGh! TrUmP bEtTeR fOr ThE eCoNoMy!!1
10%? It’ll be a hell of a lot more than that if he does all he’s threatening to do.
Yeah. I’m just echoing the old refrain everytime a MAGA person was upset at something, the wall got 10ft higher. This time, it is every time they are triggered, prices are 10% higher.
I’m pretty sure most of the drugs coming in from Canada are in the possession of seniors who can’t afford American medical care.
(And most of the illegal immigrants are escaping USA)
He doesn’t give a fuck. He will avoid prison and that is all that matters to him.
Oh I know. I was just pointing that out considering how many of them voted for him.
The tariffs won’t be effective on jan 20th. Certainly there will be specific ultimatums made to both countries, and it is irresponsible to set a tariff date, and then later “negotiate the specific threats/ultimatums” to reverse the tariffs. There are government agencies that need to prepare for policy.
Specific to Canada, there is a long history of free trade with comparable wages in auto sector, such that even some parts are shipped across the border for processing and shipped back. A conflict of interest with Musk, is that he doesn’t mind destroying North American Auto sector, or big 3 anyway.
Specific to Canada, there is a long history of free trade with comparable wages in auto sector, such that even some parts are shipped across the border for processing and shipped back.
Trump himself signed the United States-Mexico-Canada Agreement (which replaced NAFTA) in his first term ensuring tariff free trade between the 3 nations. So Canada and Mexico are about to learn the lesson that trump’s own signed legislation doesn’t hold water.
Looks like Mexico and Canada will get to enjoy some free and prosperous trade between two abiding nations with a beligerant middle child crying about it.
That ended up as pretty minimal changes to NAFTA after a giant fuss.
Who do you think he’s going to pick to succeed to him when he will be tired, Don jr or Ivanka?
Don Jr is a coked up veteran. Daddy doesn’t respect that. Ivanka is has features Daddy does “respect” though, so she inherits the throne.
I can guarantee you my paycheck won’t increase even a single percentage.
No, but we’re all going to pay for this shit.
I can’t tell you how many fucking idiotic Trump supporters voted for him because they thought he’d make things cheaper and better for them…
The hard times are about to really start for Americans. Just about every single reputable economist and specialist warned about this.
Anything can happen, but the chances of anything good happening at this stage are very low. Prepare now for hard times.
Nor will it bring manufacturing jobs back
It will destabilize the western markets / economic/ financial systems.
Putin will be pleased.
Exactly like the play book planned out.
Glad more people are becoming aware of the new Rasputin.
He has a substack, btw.
A couple previous comments I’ve made about him and the situations. One has his substack link.
Yah, that’ll fix inflation, you fucking stable genius.
What a shithole country.
GM stocks are down 8% today.
Congratulations to all the auto workers union members who voted for Trump.
What are the benefits for him? All that he do is for his own good. At first I thought he was saying lies so that he can get elected. But now that he is elected, what will he gain from doing that? Won’t American suffer so does his assets?
Recessions allow the wealthy to consolidate and expand their wealth.
He’s going to force a huge recession so he, and all of his billionaire friends, can buy up failing companies, consolidate them, and make even more money when the economy gets recovered by someone who actually knows what they’re doing.
Enjoy the last few months of being able to afford anything.
My betting is he’ll relax tariffs on companies if they pay him.
If all assets are lower, the billionaires can buy everything cheap then get crazy wealthy whenever (if) things are ever fixed.
He’s gonna get rid of the income tax too right? Right?
No? So everything costs more and farmers go out of business. Got it. But hey, you maga aholes got to own us libs. That sure was awesome! /s. Have fun being homeless you tools.
As soon as things go south, they’ll become the Biden tariffs that the damn, dirty liberals inflicted on America.
We’ve always been at war with Eurasia, Eastasia is our ally.
This is late stage capitalism. The oligarchs are now in charge and they are going to loot every last penny that they can then run away laughing.
Musk announced that he was going to gut NASA which directly benefits SpaceX.
Liberal tears are already known to be the most expensive commodity in the known universe, cf. Brexit.
This will look just spectacular on my grocery bill. Prolly like 75% of my produce comes from Mexico right now.
Not to worry. All the farms in the US will pick up the slack thanks to all that plentiful cheap migrant labor. Oh, wait…
It seems pretty obvious that the plan is to deliberately destroy the US economy.
Makes one wonder who would benefit from that…
Anyone with enough money to weather the shit storm. Look at how much money the top 1% made during Covid.
They’d just buy assets that others won’t be able to afford and hoard more
I think you misspelled “create buying opportunities for the oligarchs”
/s
And Canada’s and Mexico’s as well.
The orange asshole just doesn’t gaf about anyone but himself.
He should be first on the BBQ menu.
Fentanyl, FYI, is used in hospitals and imported legally. I don’t know what percentage of illegal supply is pilferage/theft from hospitals, but if fentanyl is bad, then forbid legal imports. There are a lot of media stories about healthcare professionals being caught stealing opioids. in 2020, DEA investigated 3600 drug theft cases at healthcare facilities.
OTOH, the typical overdose danger of fentanyl is using it accidentally, or it contaminating other opioids. Taking more of a weaker opioid provides the same high, afaik.
There are a lot of media stories about healthcare professionals being caught stealing opioids.
Like the new VP’s mom, for example.
Adieu US economy.
Okay, but are you going to stimulate US manufacturers to fill in the vacuum you’ll create? Unless manufacturers have somewhere else to get their materials from, this will just result in shortages of everything.
We’re gonna be seeing empty shelves in stores again. But there’ll be no new virus to explain it this time.
Trump doesn’t understand this. Or if he does, he doesn’t care. He won’t starve. The poor will.
Well with RFK Jr in charge, we probably will have a new virus (or an old one coming back) on top of it all.
Republicans will spend the next two years blaming the previous Democrat government for the problems that will happen … then spend the next two years telling everyone that if they vote for the democrats the problems will get worse.
And the mainstream media will do nothing to contradict this misinformation.
They’re simple people, many will be easily convinced that the guy in charge during the shitty time is to blame. Yes, many others will be fooled by their TV’s… But I think a good deal will take things at face value.
Every republican administration in my lifetime has left office in a recession.
I would agree with this, going back to Reagan. I technically saw the last few months of the Carter administration when I was born. I’m just not totally sure if Reagan left Bush Sr. a crappy economy, or if Bush Sr. managed to completely torpedo the economy in 4 years, allowing Clinton to perform “an economic miracle.”
