You do realize that Canada's overall exports and GDP INCREASED in Q1 (and April) thanks to Trump's tariffs. Did you somehow miss this.
Yeah...I had the same disconnect when I first moved to Canada from the United States. I learned very quickly that the United States were more desperate to sell to Canadians at much higher prices than Canadians getting the same product from Europe or China at lower prices. As an example, China has lower labor costs in comparison to the high labor costs in the United States along with the fact that China has a more developed industrial infrastructure than the United States. Just as important, for the United States to catch up to China...it will take 3 - 5 years to build a similar like infrastructure. Thus, companies around the world can make deals to promise to build in the United States but it will take several years to actually build the infrastructure for their produces or services. I asked AI the question about how many years for the United States to catch China's infrastructures ??? It would take the United States many years, potentially decades, to replicate China's manufacturing infrastructure, even with significant investment and political will. Shifting manufacturing back to the U.S., or "reshoring," can take anywhere from 3 to 10 years per project. Factors like rebuilding infrastructure, training a skilled workforce, and establishing supply chains all contribute to this extended timeline. wrbtrader
I generally go along with the idea that the only bad decision is not making one. There are prudent exceptions but one can make almost any path you take work. Just one may be far less efficient, "I'll live I guess" is not economic stewardship for a country. There is this huge gap as you say and even then, everything will cost way more. The UK was just able to cut its interest rates because their inflation is lowering right now from redirected Chinese goods. I've never liked China becoming such a monopoly, I've said for decades now that Amazon and others should allow people filter by country and vote with their wallets to reduce reduce overreliance on a single source, however, cheap things made in the USA will always be very expensive things. If its robots making them and human factory work is only lubing the machines, because if fingers get caught they won't damage the equipment, we have other problems. The inefficiency coming is off the charts.
A guy joines ET in 2004, in 2022 he is still pondering if Al Brooks is valid, then jumps to just Trump ball washing.
Then why in the sam hell are you guys pissed and worried about Trumps tariffs. Looks like they are helping you be happy and quit complaining about it. Why should Canada or the world get upset about the tariffs? No need to. Makes no sense. Right? BTY if you are an American and living in Canada and happier there please stay there and invite other dissatisfied Americans (like maybe Suntrader) to move there and y'all be happy as a lark singing and thriving economically. America doesn't need you here griping, complaining and unhappy.
The troll is not a good reader of English. My posts are on point and often quoting Trumps own bullshit rhetoric or that of someone who once spoke the truth about Trump in his cabinet. In addition, as stated multiple times...its OK to be an anti-trump although the Trump lovers can not manage the fact that as traders, the Trump bullshit has been great for traders who trade volatility and for those like us who bank extra from the U.S. Dollar being converted to the Canadian Dollar. Further, for those of us who primarily live in Canada as a dual citizen with the United States...we save more when we use our U.S. bank card for purchases here in Canada. I know many dual citizens who primarily live in Canada for the reasons mentioned above to take advantage of the currency rate differences regardless of any non-constant political bullshit in the United States, and regardless of who sits in the Oval Office. Others who I do not know have put their properties in Florida up for sale because of the divisiveness in the United States that's a reflection of what we see here in the Political threads and the Trading threads. It's a divisiveness that explains why I have more U.S. friends moving to Canada versus Canadian friends moving to the United States. Same with friends connected to France and South Korea. Trump's agenda created this type of migration although the divisiveness has always been there since my childhood that exploded when Trump flip-flopped from between Reform party, Democratic party, Independent before MAGA accepted him into the Republican party. As I stated in another thread, the volatility is great from Trump's bullshit agenda...we should enjoy it while it lasts and it could be this way for several years while Trump continues bouncing around with his bully/trolling/revenge rhetoric. Trump's favorite rhetoric topics are the FED chairman, stock market, tariff war against other countries even if we do not like those other countries (e.g. China), meddling into the politics of other countries, his attacks on NATO an organization that has saved our asses several times and stood by the U.S. in the most difficult times when the U.S. had needed help, and threats of using military force if necessary to take over another Democratic sovereign country for it's resources who has never shown any military hostility towards the United States... The situation is pathetic and a clown show. It is what it is and it's destabilizing the world that other countries are now threatening to go to war (e.g. Pakistan and India) who have nuclear bombs...escalated by the U.S. covert involvement in the disputed Kashmir region. The writing is on the wall...Trump has lied that he's a President of Peace especially when he's attacking citizens in America. These are scary times in the United States but I only say that from all the ANGER at Republican town hall meetings by people who voted for Trump. These are people who are stuck in the U.S. and they can not just pick up roots to move to another country who treats them much better. I have the resources, family connections, bilingual family, and military traveling experience to live abroad as an ex-pat...a commonality with other expats here in Canada or France. Traveling and Citizenship experts are calling it the Great Trump Migration even though most of those I know who have made the move did so when Trump won his 1st term as President in 2016. Americans migrated in 2017 to 2019 before the declaration of a global Pandemic. I know someone from college who migrated to Italy and another to India. They were hit hard by the global Pandemic...burning their dead friends in empty parking lots (India) or rolling up their dead in plastic bags and putting the dead outside in the front hard for the local morgue to pick-up (Italy)... They refuse to return to the United States now that Trump has regain the Oval Office and doing what he is doing. Just as important, I know U.S. military soldiers retiring this year and moving to Canada/Europe/South Korea too because they see the writing on the wall...all high ranking military officers and high ranking NCOs. Yet, with all that said, if the United States is attacked by another country...every one of us as expats will return back to the United States to protect the U.S. from a foreign threat because we can be patriots while living abroad due to the fact that we have family and military buddies who we served with still living/still serving in the United States. Pete Hegseth can clear out 20% of the Generals but he can not clear out other high ranking military officers who are not Generals and high ranking NCOs. Unfortunately, I expect Trump/Musk/Hegseth will try to gain access to the constitutional protected voting records of every U.S. Armed Forces soldier on active duty/reserves/national guard so that they can try to weed out all the ones who did not vote for Trump under the façade they're saving money for America...it's part of their revenge agenda. Simply, we can bitch and make fun of Trump while enjoying the profits and currency exchange rates from his bullshit rhetoric. It's something MAGA can never understand while America is more divided than Canada and causing a migration from the states...a loss for the United States. wrbtrader
Yeah, China sucks but most of my animosity toward China is from their cause of the Covid Pandemic. It was a bigger threat and consequence than their monopolization of global trade...that monopolization of trade is no fault of their own because other countries like the United States demanded cheaper prices for consumer goods to keep the cost of living from reaching a level that most Americans would have gone bankrupted. Thus, our desire for cheaper consumer products created a global trade monster. Trump fails to understand that the United States can not duplicate what China has done because labor costs in the states are too damn high...reason why Trump has hinted to lowering the minimum wage. Now imagine the impact of lowering Americans wages in hopes it will produce business growth at the cost of Americans cost of living. Pure lunacy. wrbtrader