Tariffs against Canada Mexico and China.
- Thread starter bcherod
- Start date
This is a big part of the reason why his administration sucked so bad the first time. It is unbelievable that people voted for this bullshit again.
So my guess was wrong. Boy. You sure showed me, Mr. I don't understand the point being made.You know envy is one of the 7 deadly sins right?
You just spit out the propaganda and don't even take 2 seconds to check what is real and what isn't. Your brain is full of stuff that is demonstrably untrue.
"How much wealth does the top 1% own?
As of 2023, the top 1% of American households owned 30.0% of net worth, or 30 cents of every dollar. This has risen from 22.8% in 1990 and 28.4% at the start of the 2008 recession, but is lower than a 2021 peak of 30.9%.
The total net worth of the top 1% in 2023 was $43.0 trillion."
Source:
Who owns American wealth? | USAFacts
As of 2023, the top 1% of American households owned 30 cents of every dollar.usafacts.org
I'll wait for your source on your quoted 95% BS.
You really think your argument here helps your position? Because you do a really good job of making my point for me.
He doesn’t care about being POTUS. He wants to be king. I’m not sure who is going to be Emperor, but I suspect Musk is vying for that. They’ll divide up the world the way the Spanish and Portuguese did. Oh, but Vivek wants something too. Maybe he’ll get squashed the way Lenin squashed Trotsky.
Strange times, for sure.
You're delusional. 95% is nowhere close to 30%. How much of the taxes do they pay for the 30% of the wealth? I'll remind you. 46%.
I think if you would educate yourself with facts maybe you'd have a chance to rethink your opinions.
Just listened to a podcast called Pugs and Company on Facebook or youtube. For a good explanation go to minute 54. It was perfectly said. First Pugs, is an independent, but loves trump in this instance. Goes on to say Trump is a business man and not a life-long politician. He is just ginn'in up the room to let Canada and Mexico, they are certainly going to have a talk. This compared to a career politician who just wants to go with the flow and not make any waves. With trump being a master negotiator, he realizes this tariff is out of range, but he is starting high, just to get their attention, and fast.
Check it out. Yesterdays clip of pugs and company on facebook and youtube., if you have free time.
Check it out. Yesterdays clip of pugs and company on facebook and youtube., if you have free time.
You obviously don’t realize that all oil isn’t the same.
If you don’t know what that oil is used for, there is no way to determine the price of gasoline.
So much to unpack with this but for now I’m taking the obvious first reaction … this is idiotic.
We know what that oil is used for. It’s refined into gasoline for the Midwest and West Coast markets. Because all oil isn’t the same the refineries that produce that gasoline can’t just replace that supply.
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Ya, we know the cartels really try to avoid killing civilians when a government attacks them.
I bet the leaders of all those other countries are just too stupid to figure that out. But pugs and company knows.
Ok, maybe this is a stupid question and it has probably been answered in one of the many threads about tariffs on here but what is Trump trying to accomplish with these tariffs? If the American company importing these good has to pay the tariff, how does this hurt the foreign company? Or is Trump's goal just to raise prices so billionaires can get more money?
From your source:You know envy is one of the 7 deadly sins right?
You just spit out the propaganda and don't even take 2 seconds to check what is real and what isn't. Your brain is full of stuff that is demonstrably untrue.
"How much wealth does the top 1% own?
As of 2023, the top 1% of American households owned 30.0% of net worth, or 30 cents of every dollar. This has risen from 22.8% in 1990 and 28.4% at the start of the 2008 recession, but is lower than a 2021 peak of 30.9%.
The total net worth of the top 1% in 2023 was $43.0 trillion."
Source:
Who owns American wealth? | USAFacts
As of 2023, the top 1% of American households owned 30 cents of every dollar.
I'll wait for your source on your quoted 95% BS.
In 2023, 97.5% of all net worth —totaling $139.4 trillion — was owned by the 50% of Americans with above-average net worth. The remaining 167 million Americans owned about 2.6% — or $3.6 trillion.
So maybe Bio got the top 1% part wrong, but read those numbers again. Do you think that's OK?
Other numbers that get bandied about and might not be 100% correct include that the richest 10 people in the US own more than the poorest 50%.
With disparities like these, quibbling about a % here or there totally misses the point.
Plus, to the extent that tariffs bring in revenue for the government, Rs can push for tax cuts for the rich.
Even anti-tax Fed Chairman Greenspan said that additional revenue should go toward paying the bills and even reducing the debt before cutting taxes.
Biden kept the Trump tariffs. Why weren't you vocal about that?
For the record, I don't and didn't support punitive tariffs.
I don’t think most people do under ordinary circumstances but they’re most obviously useful as a negotiating tactic.
TRUMP: Here's a 25% tax on all Mexican products until you cut drugs and illegals flowing into the US.
. . . some time passes . . .
MEXICO: OK, we cut drugs and illegals by 50%. Call off your tariffs.
TRUMP: See! I told you tariffs would work. I'm making them 50% until you finish the job.
. . . some time passes . . .
MEXICO: OK, we cut drugs and illegals by 50%. Call off your tariffs.
TRUMP: See! I told you tariffs would work. I'm making them 50% until you finish the job.
I was. In fact, I mentioned it in another post. Can't remember if it was this thread or another one though.
There's a place for tariffs up to the point where a government subsidizes exports to gain market share. After that, punitive tariffs on imports are intended to help the government imposing the tariffs gain revenue and stimulate that country's domestic production. Just like corporate taxes, the consumer actually is paying more.
Yes, it can be a negotiating tactic as long as the exporting country thinks it will happen. At some point a tariff will have to happen for it to continue to be a negotiating point.
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Understood.
Trump’s background as a real estate guy in NYC gives him a mindset, if you will, about what’s considered “tough” in negotiations. He is still operating in that mindset.
We’ve been concentrating on our Southern border and it commands that attention but I read an interesting statistic about our northern border yesterday - illegals entering from Canada in 2023 were at a 17 year high. And they came from 97 different countries. Trudeau knows they have to step it up.
Trudeau is now rationalizing about the small comparative percentage. He's not going to win that battle. He also needs to be looking at what his own political future looks like. I've been to Canada many times. They have tough rules when it comes to letting Americans in if they think it will affect a Canadian job. Time to look in the mirror I think.
Canada has been like this for years. It’s not just Trudeau.
Tell me lumber, oil, cement won't affect the US. We still haven't recovered from lumber prices, Filthy's 1st time.
How does a MASTER NEGOTIATOR declare bankruptcy on EVERY business he started. Can't wait for the excuses.
I worry that by the time Trump finishes his 2nd term, corruption here could be nearly impossible to reverse - as seems to be true in Mexico and too many other countries.
Trump - like him or not - is not responsible for corruption in Mexico. It’s an age old issue.
How much will it cost Canada to close its borders to pass-through illegals or drugs?
I could be wrong but that sounds like a very expensive and very difficult job. Is it worth it?
Has anyone mentioned smuggling yet? How high does the tariff have to get before the risk is worth it? Prohibition showed us that people will find ways to bypass restrictions if enough profit is to be made.
Or how about funneling products "legally" through other countries?
It's well known that some Chinese products are sold through Indonesian and other nations' middlemen - often with label changes to obscure the country of origin. Sure, the middleman cost makes the products a little more expensive than the pre-tariff price, but none of that is revenue for the US.
Or how about funneling products "legally" through other countries?
It's well known that some Chinese products are sold through Indonesian and other nations' middlemen - often with label changes to obscure the country of origin. Sure, the middleman cost makes the products a little more expensive than the pre-tariff price, but none of that is revenue for the US.
Canada is a hell of a lot more wealthy than Mexico. And the fact that illegals from 97
Countries were apprehended last year means that those who might be coming here for more than a “better life” have discovered that Canada might be a little more lax than they should be.
There are thousands of miles of border along Montana, Idaho, Washington and North Dakota where there is nothing more than a roadside sign on a two lane local road. It’s never been a problem and there are little towns that share community buildings and stores. (I saw this in National Geographic) 😂
I wish it was still like the “old days” but it’s not.
Prohibition ran booze over the Canadian border when the US population was maybe half of what it is now and areas where it took place were far more rural. Mostly New England.
You’re correct about the Chinese back dooring it but countries caught might have punishing tariffs imposed on them too.
This is already the plan and to some degree implementation. All components built in China, assembled or "final assembly" in a more friendly country, label slapped on it and sent over. That is why my concern, current gap in US manufacturer, we will see tariffs across the board and prices going up.
And I could see simple products just being routed through a non-China country with a new made in label applied.
And this newer looking at Mexico and Canada for increased tariffs .....
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