Canada, Greenland, Mexico, etc - USA Tariffs / Trade War commencing March 2025 #4

[Sillybilly]

The following link provides update through to March 6 2025

Trump delays tariffs for USMCA-compliant goods for Canada and Mexico

On Thursday, President Donald Trump paused tariffs on goods covered by the the USMCA, the free trade agreement between Canada, the U.S. and Mexico.

www.ctvnews.ca

CTV Trump Tariffs News

Thread #1
Thread #2
Thread #3

 

[Sillybilly]

Canada slaps matching 25% tariff on U.S.-made vehicles in latest response to Trump’s trade war

The Latest​

• Canada will take countermeasures intended to have “maximum impact in the United States and minimum impact here in Canada,” Prime Minister Mark Carney says.
• Speaking in Ottawa, Carney cautioned the road ahead will be difficult as Canada navigates the trade war.
• This morning, Conservative Leader Pierre Poilievre announced he would remove the federal sales tax on Canadian-made vehicles, a policy the NDP proposed last week.
• NDP Leader Jagmeet Singh pitched wartime Victory Bonds as a way to fund Canada’s trade war.
• Trump hit dozens of countries around the world with his latest round of tariffs, though Canada and Mexico were spared from any further levies.
• Tariffs on Canadian-made vehicles, steel, aluminum and energy remain in place.
• Global financial markets are tumbling.

 

[Sillybilly]

Continue discussion here.

 

[otto]

CBC fact checks Trump every day. Trump has been aggressive with tariffs on Canada while Canada is more cautious.

"We subsidize a lot of countries and keep them going and keep them in business," Trump said. "In the case of Mexico, it's $300 billion. In the case of Canada, it's close to $200 billion a year." That claim is untrue in multiple ways.
...

During his speech, Trump also claimed Canada imposes a "250 to 300 per cent tariff on many of our dairy products. They do the first can of milk, the first carton of milk at a very low price but after that it gets bad."

https://www.cbc.ca/news/politics/fact-checking-donald-trump-s-claims-about-canada-in-his-global-tariff-speech-1.7500989

 

[otto]

Just heard on the CBC live news that Carney said:

Trump is already hurting himself, he doesn't need any help from Canada to do that.

Therefore, retaliatory tariffs will be cautious.

 

[Herat]

Former Senator Pat Toomey, former ranking member of Senate Banking Committee ( also a pre-MAGA Republican) was interviewed. His comments:

This is a very personal belief and wish of Trumps to instill such severe tariffs, very personal despite much advisement to the contrary from bankers, politicians, economists and those with long-term responsibility for the economy. Toomy was surprised by the depth and extent, and feels this will bring harm to the Amercian standard of life before Trump realizes he has caused enough harm to lose voters.

He reminds us that the President does not have the authority to regulate trade, this is a duty that is the job of Congress. Yet, current GOP members of Congress have acceeded their authority over to Trump.

Members of Congress will feel the hits from their constitutents with higher prices, and job losses. Already, there are announcements of cutbacks from some manufacturers. He says it will get worse.

Even a 10% drop in the market and the open acknowledgement of recession will not make him change his ming. Likely the only thing that will make Trump made changes will be a significant loss in the GDP, which is a given, now.

What I get from the interview is that ex-Senator Toomey says this is a Personal EGO problem for Trump, he does not care about the consequences and pain this will cause millions of people, and that it will might even be 10 years before we can get back to where we were on Monday.

Everyone is telling Trump: Blanket tariffs are a loser.

 

[Herat]

Stoopidist Presidential move, ever.

Compounded by an utter pack of vile lies and mistruths.

 

[Cedars]

I listened to David Frum (son of Barbara Frum) , former speechwriter to George Bush, Sr. - he's said that tariffs are not, in the US Constitution, in the power of the President. It is Congress that has those powers, but because of years of special interest group politicking, Congress passed legislation delegating the power to the President.

So, he says, Congress could, at any time, vote to remove those laws and take back tariff-setting powers.

How Congress delegates its tariff powers to the president | Constitution Center

President Donald Trump is expected to announce wide-sweeping tariffs on Wednesday, in a move with potentially broad consequences. So how does the president have the ability to levy tariffs under the Constitution?

constitutioncenter.org

Just an FYI.

ETA: just saw @Herat picked this up as well.

 

[ilovewings]

Former Senator Pat Toomey, former ranking member of Senate Banking Committee ( also a pre-MAGA Republican) was interviewed. His comments:

This is a very personal belief and wish of Trumps to instill such severe tariffs, very personal despite much advisement to the contrary from bankers, politicians, economists and those with long-term responsibility for the economy. Toomy was surprised by the depth and extent, and feels this will bring harm to the Amercian standard of life before Trump realizes he has caused enough harm to lose voters.

He reminds us that the President does not have the authority to regulate trade, this is a duty that is the job of Congress. Yet, current GOP members of Congress have acceeded their authority over to Trump.

Members of Congress will feel the hits from their constitutents with higher prices, and job losses. Already, there are announcements of cutbacks from some manufacturers. He says it will get worse.

Even a 10% drop in the market and the open acknowledgement of recession will not make him change his ming. Likely the only thing that will make Trump made changes will be a significant loss in the GDP, which is a given, now.

What I get from the interview is that ex-Senator Toomey says this is a Personal EGO problem for Trump, he does not care about the consequences and pain this will cause millions of people, and that it will might even be 10 years before we can get back to where we were on Monday.

Everyone is telling Trump: Blanket tariffs are a loser.

ex Senator Toomey nailed it--- it is personal, it is ego, it is attention-getting-- look at me see how important I am - I have the power to shape the economy of the world- (he has no idea what he is doing- being encouraged by sycophantic toadies who know better but cannot stop him or won't stop him)- He is taking a wrecking ball to the economy of America!!!!! It is absolutely horrible to watch and to feel personally as we all will.

 

[musicaljoke]

This is an excellent survey, testing the knowledge of American people with regard to tariffs. As of the end of February, 40% of Americans believed that tariffs are paid for by the country which is exporting their product into the US.

The survey asks a lot of really good questions. I think it is helpful for understanding why the American people are so complacent about the current economic decisions made by Trump.

https://www.hoover.org/sites/default/files/2025-03/tops_hoover_tariff_policy_20250219.pdf

 

[Herat]

Secretary of Commerce Lutnik says America is the greatest and the US growth rate will supercharge.

He says we will bring back 5 millions jobs in manufacturing and boost our economy, And then he says it will be with robotics.

ROBOTICS? So are the 5 million jobs going to be 5 million robots doing the jobs or 5 million human beings in the manufacturing plants that aren't yet budgeted, or planned, or zoned, or built. Heck, the products these manufacturing plants are ALWAYS going to be cheaper overseas. We always have huge differences in pay for jobs compared to overseas.

And let's be very clear - No one in the US Government has addressed providing healthcare, in an environment where medical supplies, pharmaceuticals, and such will be increasing in cost, if there are not full-on shortages. Hitting Ireland, Switzerland, and India for pharmaceuticals is beyond short-sighted.

Lutnik is a pompom carrying cheerleader for Trump who is likely the one that Trump will blame when it all falls apart. His days in his $25 million Washington DC mansion are numbered.

 

[otto]

Former Senator Pat Toomey, former ranking member of Senate Banking Committee ( also a pre-MAGA Republican) was interviewed. His comments:

This is a very personal belief and wish of Trumps to instill such severe tariffs, very personal despite much advisement to the contrary from bankers, politicians, economists and those with long-term responsibility for the economy. Toomy was surprised by the depth and extent, and feels this will bring harm to the Amercian standard of life before Trump realizes he has caused enough harm to lose voters.

He reminds us that the President does not have the authority to regulate trade, this is a duty that is the job of Congress. Yet, current GOP members of Congress have acceeded their authority over to Trump.

Members of Congress will feel the hits from their constitutents with higher prices, and job losses. Already, there are announcements of cutbacks from some manufacturers. He says it will get worse.

Even a 10% drop in the market and the open acknowledgement of recession will not make him change his ming. Likely the only thing that will make Trump made changes will be a significant loss in the GDP, which is a given, now.

What I get from the interview is that ex-Senator Toomey says this is a Personal EGO problem for Trump, he does not care about the consequences and pain this will cause millions of people, and that it will might even be 10 years before we can get back to where we were on Monday.

Everyone is telling Trump: Blanket tariffs are a loser.

Interesting! Carpet Bomb Tariffs, if we believe comments from the last couple of days, are based on Trump's intuition ... "trust Donald Trump", "we are going to do much much better". Canadians know that Trump's intuition-metre is broken.

The only way this will change is if all countries bypass the USA and let the country suffer in its own financial mess. Tariffs cause most damage to the country that imposes the tariffs.

 

[otto]

ex Senator Toomey nailed it--- it is personal, it is ego, it is attention-getting-- look at me see how important I am - I have the power to shape the economy of the world- (he has no idea what he is doing- being encouraged by sycophantic toadies who know better but cannot stop him or won't stop him)- He is taking a wrecking ball to the economy of America!!!!! It is absolutely horrible to watch and to feel personally as we all will.

Until I see otherwise, I am convinced that tariffs on penguins could only be the result of faulty Artificial Intelligence software. I think Trump's tariff list was generated by software and without human review.

 

[Herat]

Financial analysts are saying the effects of the tariffs may not be fully understood until Trump is out of office.

Which is a very snarky way of undermining him and openly discussing him losing any nomination for the 2028 Presidential election.

 

[Herat]

Until I see otherwise, I am convinced that tariffs on penguins could only be the result of faulty Artificial Intelligence software. I think Trump's tariff list was generated by software and without human review.

Economists have commented that the tariffs were not determined by validated and standard methodologies, nor were they planned with numerous algorithms that could predict the effect on the US for each kind and level of tariff.

So basically, Trump and his sycophantic advisors pulled the numbers out of a roulette wheel of inappropriately simple untested and unfounded calculations.

 

[LoveyG]

Maybe he wants to add Sri Lanka to his collection.

Post in thread 'Canada - USA Trade War commencing March 2025 #3'

Apr 3, 2025

Concerns in Sri Lanka (44 percent)

One of the countries hit hard is Sri Lanka. The South Asian island will face a 44 percent tariff. The country fell into a deep economic crisis in 2022: partly due to political mismanagement and the corona crisis, food prices rose and fuel became scarce. Under a new president, the economy actually began to pick up in recent months, but economist Dirk Willem te Velde fears that positive trend may now be broken.

“Sri Lanka is looking for a way out of the worst economic crisis since independence,” says Te Velde. He points out that currently a quarter of Sri...

• detective.moon

• 
• 

 

[Herat]

First casualties:

900 Stellantis workers who make Dodge, RAM, Jeep, Chrysler parts.

They already had a 70% drop in profits in 2024.

 

[iamshadow21]

Maybe he wants to add Sri Lanka to his collection.

Post in thread 'Canada - USA Trade War commencing March 2025 #3'

Apr 3, 2025

Concerns in Sri Lanka (44 percent)

One of the countries hit hard is Sri Lanka. The South Asian island will face a 44 percent tariff. The country fell into a deep economic crisis in 2022: partly due to political mismanagement and the corona crisis, food prices rose and fuel became scarce. Under a new president, the economy actually began to pick up in recent months, but economist Dirk Willem te Velde fears that positive trend may now be broken.

“Sri Lanka is looking for a way out of the worst economic crisis since independence,” says Te Velde. He points out that currently a quarter of Sri...

• detective.moon

• 
• 

I doubt he could point to most of the places he put tariffs on on a map. Sri Lanka included.

It's all just so weirdly random. I am bad at maths and I did not take any kind of classes to do with economics, and I am looking at all this and going, this is whack, why are there people who can't see how whack this is?

MOO

 

[Cedars]

Secretary of Commerce Lutnik says America is the greatest and the US growth rate will supercharge.

He says we will bring back 5 millions jobs in manufacturing and boost our economy, And then he says it will be with robotics.

ROBOTICS? So are the 5 million jobs going to be 5 million robots doing the jobs or 5 million human beings in the manufacturing plants that aren't yet budgeted, or planned, or zoned, or built. Heck, the products these manufacturing plants are ALWAYS going to be cheaper overseas. We always have huge differences in pay for jobs compared to overseas.

And let's be very clear - No one in the US Government has addressed providing healthcare, in an environment where medical supplies, pharmaceuticals, and such will be increasing in cost, if there are not full-on shortages. Hitting Ireland, Switzerland, and India for pharmaceuticals is beyond short-sighted.

Lutnik is a pompom carrying cheerleader for Trump who is likely the one that Trump will blame when it all falls apart. His days in his $25 million Washington DC mansion are numbered.

Yes, he's just evoking "Maga Magic" because yesterday's tariffs aren't tied to any specific industries (unlike autos, steel, aluminum).

I think the real agenda is to claim that tariffs will raise massive revenues, so they can implement tax cuts.

All the future talk, IMO, is just to counter the pro-free trade argument that there will be long-term harm. IMO, they're reviving a very old argument from back in the previous century when specific industries always wanted protection from imports.

JMO

 

[Herat]

Maybe he wants to add Sri Lanka to his collection.

Post in thread 'Canada - USA Trade War commencing March 2025 #3'

Apr 3, 2025

Concerns in Sri Lanka (44 percent)

One of the countries hit hard is Sri Lanka. The South Asian island will face a 44 percent tariff. The country fell into a deep economic crisis in 2022: partly due to political mismanagement and the corona crisis, food prices rose and fuel became scarce. Under a new president, the economy actually began to pick up in recent months, but economist Dirk Willem te Velde fears that positive trend may now be broken.

“Sri Lanka is looking for a way out of the worst economic crisis since independence,” says Te Velde. He points out that currently a quarter of Sri...

• detective.moon

• 
• 

This is just inexplicable and unjustified.

His sweeping and huge tariffs on non-China Asian nations ( Cambodia, Laos, Myanmar, Sri Lanka, Bangladesh, India, Thailand , for example) are part of his attempt to crush China.

China has an economic slowdown right now, but China is in it for the long haul. Much longer than Trump and strategically well beyond Trump's demise. They have paid attention to and invested in many small African nations, most strategically those that are sources for rare earth and precious metals. This means they have built roads and ports for these poor countries, giving China a stranglehold over trade. They are also in the process of doing so in Central and South America. They do not assimilate well, so they do not seek to populate these countries with Chinese citizens, but they do improve the economies. A consequence has been that they also are in a position to muscle out Russia and it's terrorist goals for land and resource takeover.

China also stopped a sale of ports in the Panama Canal to a US company. This was a very strategic chess move. At this point, China has no reason to relinquish control of the Panaman Canal shipping to US interests.