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Thread: Tariffs and the industry

  1. #21
    FlyingRon's Avatar
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    If that was indeed what was happening, however Canada, Mexico, and the EU pretty much have open markets to us (at least until they retaliate against Trump's one-sided tariffs). We'd have an more open trade with China, Japan, and Korea if we'd negotiate. Being a bully is not negotiation and despite what Trump thinks worked for him in business, it isn't (and will not) work for foreign policy.

  2. #22

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    Quote Originally Posted by FlyingRon View Post
    If that was indeed what was happening, however Canada, Mexico, and the EU pretty much have open markets to us (at least until they retaliate against Trump's one-sided tariffs). We'd have an more open trade with China, Japan, and Korea if we'd negotiate. Being a bully is not negotiation and despite what Trump thinks worked for him in business, it isn't (and will not) work for foreign policy.
    Better than most here, you have demonstrated superior truthful knowledge as well as the implications of starting stupid, ignorant trade and tariff wars with your friends, the most economically advanced countries in the world.

    With respect to Canada, the US and Canada are each other's biggest trading partners to the tune of over $2 billion dollars PER DAY in goods and services. Trump initiated 25 and 10 percent tariffs on Canadian steel and aluminum under the pretext of Canada being a national security risk to Us interests. This is the most absurd, insane utterance in the history of our 200 plus years friendly nations relationship. We are each others greatest friend. For over 100 years our militaries have fought and died side by side in too many wars.

    Today is July1 which is Canada's birthday. We call it Canada Day, 151 years strong. Today is also the day that Canada's retaliatory tariffs against the US come into full effect. In addition to identical tariffs on US steel and aluminum, Canada has placed 10%+ tariffs on a very long and varied list of US consumer goods that include such items as chocolate, whiskey, boats, ketchup, pizza and toilet paper. Tariffs on A total of $16.7 billion worth of US products.

    All of these products have been strategically identified and targeted to extract maximum political pressure and impact on those Trump sycophant administration and congressional leaders who come from those red states that produce these products. For example: whiskey from Kentucky, where Mitch McConnel will have to explain why people are losing their jobs in the spirits manufacturing industry; why Hersheys chocolate in Pennsylvania will be laying off so many workers; frozen pizzas and boats from Wisconsin, where Paul Ryan will be forced to explain why so many of his Trump supporting constituents are losing their jobs; why steel mill workers in Ohio will be applying for unemployment insurance benefits.

    Tariff wars are just plain stupid, dangerous, counter-intuitive, and economically devastating. They lead to nothing but lower GDP, stagnant and negative economic growth, mass unemployment and great hardship for workers and companies alike. If they escalate, it can quickly lead to a recession or even a depression.

    The retaliatory tariffs from the EU, China, Japan and Mexico just compound the reality laid out above.

    It's time to end this madness well before the point of no return is upon us. Our very lives and well being are at great risk. It's time for friends to be friends.

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