Finally someone who express a more rounded view. It could all be avoided. Just help us close the borders and drug movement. But no they had rather embrace a trade war. So be it but I really doubt there will be one. I for one would love to see: Made In The USA again. I WELL remember those glory days before our government sold us out to other nations with globalism and free trade.
again..as with Trump..expect volatility, uncertainty, erratic information, explosive statements, sound thinking deleted..the Trend seems to be completely unpredictable going forward (although it has shown clear upward trend looking backward some months since trump approached election day and after). I seriously pity the Fed here..going into trumps term. Trump will Def force rate cuts all through 2025 and the Bond market will Def ignore these rate cuts...unless we have much more certainty, more clarity.
And the what about the prior FOUR Biden years (notwithstanding Covid blip in middle? Nothing to do with current trend?
We aren't embracing a trade war you are. It's an entirely Trump engineered event. I have no idea what you or Trump think we aren't doing all we can do is communicate that fact and hope he has any logic in him. He specifically mentioned fentinyl and I read the entire annual exports of that from Canada you could fit in one suitcase. Mexico you'd need a truck I think. Basically this drug thing is the same as George W. Bush's WMDs with respect to Iraq. And we all know how that ended up. Only difference is 95% of Americans believed Bush's lie ( Canada was squarely against it and said so ) and this time it's only maybe 40% believing Trump's economic based lies. You are basically saying to Canada 'give us your WMDs we know you have them' and they don't really exist. You keep talking about lax border control and it doesn't exist. Drugs enter the US no more than drugs leaving the US, but more importantly you keep exporting guns to us creating crime issues here. Rounded view lol I am the rounded view here. That's the thing about this site it's loaded up with right leaning guys or worse who throw around labels like "Liberal" in a bigotry way. The minute someone like yourself pulls out a statement like that I lose all respect for you as a rational guy capable of critical thinking. Too bad really I tried to reason with you. Sound familar no wonder you like Trump so much. Perhaps all those 'Canadian friends' who 'hate the US' are merely hating your attitude about Canada. Sound familiar ?
Like Trump you are upset someone stood up to your bs. What you are painfully unaware of is Trump earns all the criticism in spades. I told you before, I am totally immune from any of this personally except perhaps if they cut tax rates for 1%s that will directly impact one person in my immediate family.
I ain't upset. Well, you might have pushed a few buttons LOL. It does seems you and suntrader are quite upset. You apparently don't like Trump or any MAGA people. Which would be a goodly portion of the Americans. I think it to be the other way around. I stood up to your BS. and did a little counter punching. Well, I do apologize for saying "screw" Canada. Sell your oil to China. I might have overstepped a bit eh. There really are some good people in Canada and overall, it is a good country and certainly a beautiful country. So is Mexico. I lived there for 13 years. As far as the oil goes you can sell it to China if you like. But you did call our president a clown, an idiot, an asshole, delusional, a train wreck, a liar, a dictator, a bully, stupid, a lying weasel, and suntrader says he is a spoiled middle schooler with lower and lower mental acuity, a panty grabber, a dotard and insinuated that MAGA people are dotards. Did I call Trudeau any names like that although I think a lot of Canadians likely don't like him. And you called me an asshole, talking through my ass, and you implied I am a bigot who is incapable of rationale thinking. So, I ask who are the posters acting like a bigots? My criticism is in response to yours and I do think mine is milder. Perhaps much milder. But even for it I apologize. However, I do want to show what a Canadian businessman does in fact know and he does illustrate why the Canadians and Mexicans would be upset and that they would bear the brunt of a tariff unlike those that have expressed ideas showing that they don't really understand what tariffs will do. He in a roundabout way explains enough to show why the recipients of tariffs will bear the brunt and not the exacters of the tariff. People on this thread tried to make it look like we the American people and importers would be paying the tariffs. That is most certainly one-sided and a partial truth. That to some degree is true but it is only one side of the coin. There is another side and this man being a businessman in Canada reveals that side. As Paul Harvey says: Now for the rest of the story...... Quote from the owner of Papps plastics located in Ontario: "But with Canadian officials taking Mr. Trump at his word that he will follow through on his threat of tariffs, Mr. Lane and others in the auto industry are already bracing for the potential fallout. George Papp is the chief executive of Papp Plastics, whose headquarters sits near the imposing new suspension bridge. He said his U.S. customers, mainly automakers, would simply invoke the terms of contracts he has with them and deduct the cost of tariffs from the amount they pay him. “Who’s going to take the hit?” Mr. Papp said. “Me, and people like me and companies like mine.” (emphasis mine - volpri) Flavio Volpe, the president of the Automotive Parts Manufacturer’s Association, a Canadian trade group, estimated that most of his members had single-digit profit margins and that the tariffs Mr. Trump was threatening would be ruinous." At least Mr. Papps and Mr. Flavio Volpe see the entire picture while others don't seem to grasp the whole picture of tariffs. More can be read at this link: Trump’s Tariff Threat Stokes Anxiety in Canada’s Auto-Industry Hub - The New York Times So, I leave this thread with these words, and we might need to also understand that globalism and free trade is not cracked up to be all what it is made out to be. It potentially has many problems such as we are now seeing. Disagreements that can lead to even war. We should all try to live peaceably. The US needs quit all these wars in other countries, selling arms, and we need to deal internally with our drug use problem. And find some way to deal with all the illegals coming in by the millions. We simply cannot absorb them. Two simple things we are asking: Help us with this problem of the illegals invading our country maybe by tightening your borders or accepting a lot of them yourselves and help with this drug flow supply. Yes, we have to deal with the demand. But there are two sides: demand and supply. We need more help from neighbors who have a border with us. There is too much supply of drugs and illegals. We alone cannot handle it without militarizing our border and building walls. Something we really don't want to do. If we are Mexico's and Canada's biggest trading partner and they are ours, then it also should be in their best interest to help in this instead of facilitating it. Unfortunately, globalism and world opinion pressures them to not get involved so if the US cannot get enough help, then we will have to do whatever we have to do or down the road, in the future, Canada nor Mexico will not even recognize us as the country we once were. And that will even cause bigger problems for them. SO please help. That is what all this wrangling is about. Trump is not stupid nor a dotard nor an idiot nor crazy. Nor does he hate America, Canada or Mexico. See these other explanations others have given are not giving the whole picture. They for the most part are only giving the picture of those against tariffs and how Americans would bear the brunt. Now we know "why" Canada, Mexico, and China are pissed. In the end it will be them paying. And to boot we will develop our own industries, and it will be as: Abraham Lincoln said: President Abraham Lincoln once said, "…when we buy manufactured goods abroad, we get the goods, and the foreigner gets the money. When we buy the manufactured goods at home, we get both the goods and the money." He is arguably America's most popular president, and he was absolutely correct. Let's spend our dollars on American-made goods from American-owned companies to keep jobs, profits, and tax revenue in the USA. ...Roger Simmermaker President McKinley said: They [free traders] say, 'Buy where you can buy the cheapest.' That is one of their maxims... Of course, that applies to labor as to everything else. Let me give you a maxim that is a thousand times better than that, and it is the protection maxim: 'Buy where you can pay the easiest.' And that spot of earth is where labor wins its highest rewards.[33]
Except he didn't:- The Lincoln Tariff Myth Finally Disposed of https://www.jstor.org/stable/pdf/1884100.pdf?refreqid=fastly-default:1025ab2a43497c4c54ebdafcc0104129&ab_segments=&initiator=recommender&acceptTC=1 Yeah I know you don't believe it - it is fake news from friggen 1921 haha A libber used a time machine, just so you can deny, deny, deny it.
No one wins in the Tariff Wars. The Smoot-Hawley Tariff Act of 1930 anyone? How did that go for the USA? It's incredible that we never seem to learn from history. Unfortunately the guy in the White House now is little bothered about facts and history. It's all about Reality-TV gameshow, headline-grabbing, shock threats. Playground politics sounds really cool when you're standing beside the big fat school bully. "Oh Don...can we be in your cool gang" said Elon, Mark and Jeff... But watch out. The bully is unhinged and delusional. Just ask Cohen, Pence, Bannon and all the small businesses stiffed along the way.
Apparently the US produces 13 million barrels of Oil a day but consumes 20+ million barrels. Canada provides 60% of your imported Oil mostly in the form of heavy Oil that your lucrative refinery business uses as their input. And of course quite a few Americans work in that business and/or use the end product. Now the Trump narrative is that you don't need Canadian Oil. Absurd really given the facts. "Drill Baby Drill" is basically a lie I have no idea how that works other than fast tracking projects using tax payers money to produce higher cost Oil from less productive sitess. The only way Oil prices drop in that scenario is if American tax payers cosign to lose money in the Oil business. Or you could just buy Canadian Oil. This is why Canada holds a really strong bargaining chip here no matter what Trump says.
You are playing loose with he facts; perhaps you truly believe all of this but it seems to me a lot of you Americans these days read news with a biased lens. I am far more aware of the energy space then most hence I tend to call out the bs out there about that space. The auto industry in Canada is weak, except for a few parts companies like Magna that are quite profitable. The oil industry not at all our domestic producers have better operations and accessible reserves than most American producers. Using the auto sector as a talking point is pointless basically Canadians are far more into Asian imports these days then American models and the Asian companies are building new operations to replace American ones. We as tax payers subsidize these operations to some degree to keep some people employed but so does the US. Automotive isn't central to our economy; note however that US auto companies depend heavily on Canadian and Mexican parts to keep their costs down to compete for business. Canada has no border control problem, no matter how much you believe it does. But if you insist on these beliefs then sure go ahead spend a bunch of money dealing with the phantom problem. Don't expect us to go down that rabbit hole with you it's your guy. You pay for it. Trump clearly hates Canada he's a vindictive person who hasn't liked dealing with some of our people the last 10 years. And when you fail to act respectfully to other nations, especially traditional allies, guess what you lose all respect from them. And frankly, Canadians don't hate Americans per say but most of us do despise Trump and don't mind saying so. His sentiment rating here was 13% at his most popular moment ( when he first got elected ). Nothing you can say about them man will change that sentiment it's been earned and Donnie just keeps making it worse with his behavior.