Trump says 25% tariffs on Canada and Mexico to begin Feb.1st.

[Cattledog]

All those people who said they were concerned with inflation just got screwed. Trump just raised the price by 25% for everything you buy from Mexico and Canada including tomatoes, avocados, cucumbers, auto parts, medications, cars, beer and more! Enjoy MAGA!

All those people who said they were concerned with inflation just got screwed. Trump just raised the price by 25% for everything you buy from Mexico and Canada including tomatoes, avocados, cucumbers, auto parts, medications, cars, beer and more! Enjoy MAGA!

— Dean Obeidallah (@deanobeidallah.bsky.social) 2025-01-21T01:54:49.833Z

[Jarqui]

1. Canada & Mexico provide 30% of imports to US (among top 30 countries)

Americans will have to pay 25% more for those goods or try to source them elsewhere.

Canada is the #1 importer of US goods - about 20% of US exports (among top 30 countries)
They're going to react which will reduce sales of those goods ... which means layoffs.

Who wins? The countries who supply goods they otherwise wouldn't.
US, Canada & Mexico lose as that money goes elsewhere in the world to those other countries.

It will damage a good economy that Biden passed on.

[Mike 03]

3. Yes. It's not only sad but pointless

and will be remarkably damaging.

[Jarqui]

6. It reminds me of 'free trade'

Ask the people in the Rust belt how that worked out for them.
Factories moved to other countries along with the 30% of innovation that comes from the shop floor.
The other countries learned about the design and manufacture of the products and competitors spring up.

Back to tariffs: If implemented, all US products have to pay 25% more for the imported goods from Canada & New Mexico or source them elsewhere. Presumably, they're getting them from Canada & Mexico because that is the best quality, price, landed cost (less shipping costs) and shorter lead times, etc. They might find a better price but quality, lead time for delivery, shipping costs, etc have costs too.
There will be major supply chain problems - some won't be able to deliver product.
As their costs go up substantially so their prices must follow. American companies won't be able to export as much because their product prices are that much less competitive. => layoffs
But if they locate outside the US, they will bypass a substantial cost increase. => more layoffs
US imports and exports shrink and the economy gets weaker - strengthening all the other countries.

Trump is nearly as dumb as his supporters.

[2naSalit]

9. Not really pointless...

Cruelty IS their point.

[Bengus81]

25. They provide electricity to northern states. Great time to tariff it Trump

or have it shut off. Hell it's -7 this morning in Kansas,well south of the Canada/US border.

[Mike 03]

2. Kick

Anyone with SiriusXM may want to listen to either the CBC or Canada Talks this morning. I know this will dominate conversation. These are sizable tariffs. Their purpose is unclear, especially with respect to Canada. Canada is likely to respond in kind. Not sure what Mexico will do. The results will be impactful for all three countries.

[usedtobedemgurl]

17. On the Tune In app

You can hear several Canadian talk radio stations. It is free. I am listening to 640 Toronto on it.

[BoRaGard]

4. Ha ha. American suckers. Ha ha." - The Felon (R) & Elite Billionaire Bros., Inc. (R)

[Old Crank]

5. And the price of eggs and gas won't drop a penny.

Sorry red hats but you got what you voted for.
Unfortunately you took a lot of us down with you.

[mwooldri]

10. Price of gas may go up.

While there are import tariffs, there are also export tariffs. Canada exports quite a fair bit of oil and other petroleum products to the USA. It would be a shame if export taxes were applied.

[Journeyman]

12. Yes, but in comparison to the price of everything else, Eggs and Gas will now look like a good deal . . .

[Bengus81]

26. People really want egg prices to drop? STOP buying them for 2-3 weeks

and watch what happens. Let them set on shelves at Kroger and Walmart.

[Vinca]

7. This is an especially bad time to go after Canada considering the lumber and building materials we get from them.

California's nightmare just got worse.

[Yo_Mama_Been_Loggin]

8. Most of the oil we import is from Canada

Say hello to higher gas prices.

[Emile]

11. Can he do that with an executive order?

[Grokenstein]

13. "I don't take responsibility for anything."

But you will be held responsible for this. I hope.

[Renew Deal]

14. It's important to have friends

Doesn't seem like a particularly smart move on any level.

[gab13by13]

15. Canada is going to respond with dollar for dollar tariffs on US goods.

[Submariner]

16. I get my Symbicort inhaler from Canadian pharmacy for $21/month

instead of $328/month in the Maine.

I'm going have to have Senator Susie Collins get concerned, teach shitgibbon a lesson, and then write letter to fix this!

[Danmel]

18. We stocked up on tequila

[dem4decades]

29. Good thinking, I'll have to go to Costco to do a pre tariff tequila run.

[EYESORE 9001]

34. Kahlua for me

One good-size bottle should last me awhile.

[dem4decades]

35. Shit, that too. My expresso martinis are going to cost more, oh the humanity.

[Escape]

19. It will be interesting ..

to see how they blame Democrats and Liberals for this. But we KNOW they will.

[krkaufman]

20. What happened to tariffs on China?

nt

[gab13by13]

36. President Musk has a big factory in China

[patricia92243]

21. But, but, but - they will pay for it - not the average citizen. I know it's true because

Trump told me so.

[LymphocyteLover]

22. so fucking stupid, JFC

[Red Mountain]

23. Beginning Feb 1st UNLESS.........

what are his demands, again?

[Bengus81]

24. Go for it asshat. Take this thriving BIDEN economy and throw it in the dumpster

I'm not buying anything that we don't truly need. BLEED Trump and his minions........

[Irish_Dem]

27. Not if they fork over the protection money.

Trump is trolling for the best bribes.

[Johnny2X2X]

28. People will be too stupid to understand whyen prices go up

They'll blame it on Biden and the majority of the people will believe it and the corporate media won't properly challenge the lie.

[Harker]

30. I suspect this is a major component of his effort to make life worse here...

because "only (he) can fix it."

[surfered]

31. FOX news producers are hard at work trying to find a new minority group to blame for the expected increase in prices

[Bernardo de La Paz]

32. It's a maybe, not a definite. But act as if there will be disruption

I expect some kind of tariff in range of 10 to 25 % on Canada in a month or two or three. Trump said:

"I think Feb. 1 … I think we'll do it Feb. 1. On each."

The timeline remains fuzzy: Trump signed an executive order demanding a report by April 1 on the border, migration and fentanyl, which singled out Canada, Mexico and China, but said it could apply to other countries. {CBC News}

[boston bean]

33. Better stock up on the TP. Canada provides most materials

In the manufacturing of Toilet Paper. I assume same for paper towels.

Plus they import 1.4 billion dollars worth of toilet paper to the US per year.

[eppur_se_muova]

37. Tariffs are TAXES paid to the Federal Gov't. So much for GOP's dedication to cutting taxes.

Of course, there will be exceptions 'carved out' -- just as in the 45th admin, religious printed materials such as Bibles from China were exempt. 3 ... 2 ... 1... The Trump Bible, printed in china for a tiny fraction of the selling price.

Whoever lines tsf's pockets will get big loopholes -- those who don't can pay the full cost. That's the whole point. It has nothing to do with any balance of trade, only the balance of corruption headed to tsf's pockets.