U.S. imposing steel and aluminum tariffs on Canada, Mexico and Europe

[angrypenguin]

News source: https://www.cp24.com/world/u-s-imposing-steel-and-aluminum-tariffs-on-canada-mexico-and-europe-1.3953314

 

Thoughts? I'm actually quite pleased. Here's why.

1) All of my money is in the US stock market. Pulled out of Canada a few months ago - best decision I ever made.

2) The housing market doesn't affect me anymore, but to a bunch of my friends here in Canada who have mortgages, this should keep the BoC from raising interest rates

3) I despise unions, so this is a middle finger to them as it negatively impacts them

4) Canadian dollar has fallen - and I like this as it's also a middle finger to the federal Liberals.

Edited May 31, 2018 by angrypenguin

[Argus]

1 hour ago, angrypenguin said:

News source: https://www.cp24.com/world/u-s-imposing-steel-and-aluminum-tariffs-on-canada-mexico-and-europe-1.3953314

 

Thoughts? I'm actually quite pleased. Here's why.

1) All of my money is in the US stock market. Pulled out of Canada a few months ago - best decision I ever made.

2) The housing market doesn't affect me anymore, but to a bunch of my friends here in Canada who have mortgages, this should keep the BoC from raising interest rates

3) I despise unions, so this is a middle finger to them as it negatively impacts them

4) Canadian dollar has fallen - and I like this as it's also a middle finger to the federal Liberals.

It's typical brainless Trump blustering and threatening, at least as far as Canada is concerned. He wants to show how tough he is to pressure us to sign off on his stupid NAFTA changes. The thing is, the US actually exports more steel to Canada than it imports from us, and we're certain to slap identical tariffs on them in response.

[WIP]

You're a traitor! Get out and move to America!  

[angrypenguin]

3 minutes ago, WIP said:

You're a traitor! Get out and move to America!  

Almost done. Technically speaking the real traitors are the socialists in Canada who voted in Trudeau and potentially the NDP in Ontario.

Edited May 31, 2018 by angrypenguin

[angrypenguin]

5 minutes ago, Argus said:

It's typical brainless Trump blustering and threatening, at least as far as Canada is concerned. He wants to show how tough he is to pressure us to sign off on his stupid NAFTA changes. The thing is, the US actually exports more steel to Canada than it imports from us, and we're certain to slap identical tariffs on them in response.

 

It's easy to bully a drama teacher who hasn't even grown pubic hair yet. Go Trump!

[WIP]

1 minute ago, Argus said:

It's typical brainless Trump blustering and threatening, at least as far as Canada is concerned. He wants to show how tough he is to pressure us to sign off on his stupid NAFTA changes. The thing is, the US actually exports more steel to Canada than it imports from us, and we're certain to slap identical tariffs on them in response.

And what if it isn't? It does seriously dampen any foreign investment from the international oligarchs who run our country today! 

We were warned about this over 30 years ago! First, it was the steady drip, drip, drip of loss of control of our economy for the promise of international riches, and now Trump & co. (and don't try to tell me he is smart enough or ambitious enough to carry out policy by himself) are launching the first stage of a regime change operation they subject other nations to who don't give them everything they want! And right now, they want Stephen Harper, or a similar sniveling, ass-kissing clown who will just take orders from Washington and Wall Street!

[Argus]

Just now, angrypenguin said:

 

It's easy to bully a drama teacher who hasn't even grown pubic hair yet. Go Trump!

I have pretty much zero respect for Trudeau myself. That doesn't make me blind to the lack of character, honesty, integrity and intelligence of that idiot to the south.

[angrypenguin]

Just now, WIP said:

And what if it isn't? It does seriously dampen any foreign investment from the international oligarchs who run our country today! 

We were warned about this over 30 years ago! First, it was the steady drip, drip, drip of loss of control of our economy for the promise of international riches, and now Trump & co. (and don't try to tell me he is smart enough or ambitious enough to carry out policy by himself) are launching the first stage of a regime change operation they subject other nations to who don't give them everything they want! And right now, they want Stephen Harper, or a similar sniveling, ass-kissing clown who will just take orders from Washington and Wall Street!

Stephen Harper HARDLY took any direction from the US. Typical left wing whining. You want Canada to be competitive? Well, listen to the center right/right voter then. Let's see, TPP....last I heard the Liberals were against it until they took office. There were, IIRC, over 50 free trade agreements signed and negotiated by the Conservatives, and what, 3, under the previous Liberal governments?

[angrypenguin]

Just now, Argus said:

I have pretty much zero respect for Trudeau myself. That doesn't make me blind to the lack of character, honesty, integrity and intelligence of that idiot to the south.

 

For the record, I despise Trump. The guy is literally the most unfit person to be the world's leader, but that said, I can respect him for trying to get a better deal for his people.

[Argus]

1 minute ago, WIP said:

And what if it isn't? It does seriously dampen any foreign investment from the international oligarchs who run our country today! 

We were warned about this over 30 years ago! First, it was the steady drip, drip, drip of loss of control of our economy for the promise of international riches, and now Trump & co. (and don't try to tell me he is smart enough or ambitious enough to carry out policy by himself) are launching the first stage of a regime change operation they subject other nations to who don't give them everything they want! And right now, they want Stephen Harper, or a similar sniveling, ass-kissing clown who will just take orders from Washington and Wall Street!

That was nothing but a deranged rant of no substance.

[WIP]

1 minute ago, angrypenguin said:

Almost done. Technically speaking the real traitors are the socialists in Canada who voted in Trudeau and potentially the NDP in Ontario.

Good riddance, now that you are jumping on the sinking ship - US of A!  The reason why the American Empire is becoming so ruthless and desperate today is because other nations..friend and foe alike, are seeking ways out of US Dollar denominated trading and winning back freedom to decide who they buy and sell to.  Without Dollaraucracy, the Empire will crumble under its massive debt-load...like pretty much every other past empire.

[angrypenguin]

Just now, WIP said:

Good riddance, now that you are jumping on the sinking ship - US of A!  The reason why the American Empire is becoming so ruthless and desperate today is because other nations..friend and foe alike, are seeking ways out of US Dollar denominated trading and winning back freedom to decide who they buy and sell to.  Without Dollaraucracy, the Empire will crumble under its massive debt-load...like pretty much every other past empire.

What the F is dollaraucracy?

[WIP]

1 minute ago, Argus said:

That was nothing but a deranged rant of no substance.

33,000 businesses closed after NAFTA was signed. and supposedly those lost jobs were replaced by something better.

[angrypenguin]

Just now, WIP said:

33,000 businesses closed after NAFTA was signed. and supposedly those lost jobs were replaced by something better.

 You do know how free TRADE works right?

[WIP]

Just now, angrypenguin said:

What the F is dollaraucracy?

You didn't know that the US Dollar is the international currency for trade...including trade between foreign nations amongst themselves....until now that is!  

[angrypenguin]

Just now, WIP said:

You didn't know that the US Dollar is the international currency for trade...including trade between foreign nations amongst themselves....until now that is!  

It's helpful in a debate to not introduce words that aren't actually words.

[WIP]

Just now, angrypenguin said:

 You do know how free TRADE works right?

Yes, the elite big business owners with capital win, while everyone else loses....depending on their own income levels.

[Argus]

Just now, WIP said:

33,000 businesses closed after NAFTA was signed. and supposedly those lost jobs were replaced by something better.

Correlation is not causation. Those businesses closed for a variety of reasons. Tens of thousands of business closed in the US too, and all over the west during a period where much manufacturing was offshored to China and other low wage locations. Meanwhile we have very low unemployment, so what exactly was the terrible impact of these lost businesses? It seems other businesses prospered and grew, or new businesses rose to replace the old.

[angrypenguin]

Just now, Argus said:

Correlation is not causation. Those businesses closed for a variety of reasons. Tens of thousands of business closed in the US too, and all over the west during a period where much manufacturing was offshored to China and other low wage locations. Meanwhile we have very low unemployment, so what exactly was the terrible impact of these lost businesses? It seems other businesses prospered and grew, or new businesses rose to replace the old.

 Ding ding!!

[WIP]

1 minute ago, Argus said:

Correlation is not causation. Those businesses closed for a variety of reasons. Tens of thousands of business closed in the US too, and all over the west during a period where much manufacturing was offshored to China and other low wage locations. Meanwhile we have very low unemployment, so what exactly was the terrible impact of these lost businesses? It seems other businesses prospered and grew, or new businesses rose to replace the old.

And those businesses were mostly owned and controlled locally...or at least more locally than they are today...by nameless, faceless hedge funds. Most of us lost under so called free trade! The 'Rust Belt' was allowed to crash and just hollow out entire cities, our businesses...especially branch plants that American producers used to have to open for a Canadian retail market also closed, and Mexico saw millions of farmers forced off the land by one of the major benefactors of this regime: Big Ag business that mass produces cheap grains and soybeans on large tracts of land (irrigated with water they rarely pay for) have made billions producing the cheap carb products that make people obese and give them type two diabetes.....win, win!

[angrypenguin]

2 minutes ago, WIP said:

And those businesses were mostly owned and controlled locally...or at least more locally than they are today...by nameless, faceless hedge funds. Most of us lost under so called free trade! The 'Rust Belt' was allowed to crash and just hollow out entire cities, our businesses...especially branch plants that American producers used to have to open for a Canadian retail market also closed, and Mexico saw millions of farmers forced off the land by one of the major benefactors of this regime: Big Ag business that mass produces cheap grains and soybeans on large tracts of land (irrigated with water they rarely pay for) have made billions producing the cheap carb products that make people obese and give them type two diabetes.....win, win!

Let's see if you have any knowledge about the pros of these free trade agreements. Do you have any idea how Canada benefited, and if so, I encourage you to list them, because otherwise you're just ranting about one side of the fallout of said agreement.

[Argus]

5 minutes ago, WIP said:

And those businesses were mostly owned and controlled locally...or at least more locally than they are today...by nameless, faceless hedge funds. Most of us lost under so called free trade!

Explain how.

Quote

The 'Rust Belt' was allowed to crash and just hollow out entire cities,

Which Canadian cities have been hollowed out? The only cities I can think of which match your description are in the US, including Detroit.

 

Edited May 31, 2018 by Argus

[betsy]

20 hours ago, angrypenguin said:

News source: https://www.cp24.com/world/u-s-imposing-steel-and-aluminum-tariffs-on-canada-mexico-and-europe-1.3953314

 

Thoughts? I'm actually quite pleased. Here's why.

1) All of my money is in the US stock market. Pulled out of Canada a few months ago - best decision I ever made.

2) The housing market doesn't affect me anymore, but to a bunch of my friends here in Canada who have mortgages, this should keep the BoC from raising interest rates

3) I despise unions, so this is a middle finger to them as it negatively impacts them

4) Canadian dollar has fallen - and I like this as it's also a middle finger to the federal Liberals.

 

When Canadians  start actually feeling the hurt, big-time......they'll want a new PM! 

They'll want someone who can navigate sensibly, and competently,  during the hard times.  They won't care about cute - they'll want a grown-up!

I had a feeling even way back that Trump could play a pivotal role in booting out Trudeau.  Another reason why I like Trump.

 

 

With Kinder-Morgan gone, and most likely scaring other businesses even more, after they'd seen the fiasco of the pipeline...... 

 

Quote

 

The Prime Minister has spoken well at many international conferences about diversity, Indigenous peoples, inclusiveness, wealth disparity and peacekeeping, and he has improved Canada's image on the world stage. Nevertheless, while we all like sunny days and photo ops, to paraphrase a quote often falsely attributed to Winston Churchill, "however beautiful the strategy, you should occasionally look back at what you have done." With our present government, so far it's pretty much a blank page.

 

We continue to have trouble getting anything big done in Canada. We have trouble building LNG plants, pipelines or enough subways; we suffer from major regulatory creep and our big cities are hamstrung with little money for infrastructure and, as a consequence, our economy performs far below potential. Whatever growth we have is based on credit-driven consumer spending facilitated by ultralow interest rates – not by industrial and infrastructure development.

We do reasonably well by Group of Seven standards, but that's not the measure. Why set the bar so low? What is our potential? We seem content with 2-per-cent growth and 6-per-cent unemployment. Our economy can't even perform with an 80-cent dollar. We lack a performance-driven competitive culture and an urgency to accomplish big things.

This is a government that just accepts we must sell our oil at a huge discount to the world market. Have they calculated how much we have lost? Are they concerned our stock market has been the worst performer on the planet for a decade? Does anyone care? The markets are telling us Canada does not seem to be a good place to invest right now.

 

https://www.theglobeandmail.com/opinion/in-justin-trudeaus-canada-we-still-cant-get-anything-big-done/article38086398/

 

With NAFTA gone, and now we're starting with the trade war...... 

 

With all the deficits on top of all these, and the influx of illegal refugees still crossing the borders as we speak.......

 

Buckle up.  It's gonna be a real tough ride now.

 

You think it's just a coincidence that Trudeau's pushing for the marijuana legislation asap??  Boy, surely folks need to get disensitized from the hurt coming our way.....what better way than to be stoned, and see the world in a haze?

 

Oh.....and, wouldn't it be something if Ontario ends up with a Horvath-Wynne coalition?  That'll be the icing on the cake - if not the final nail to the coffin.

 

 

Edited June 1, 2018 by betsy

[eyeball]

23 hours ago, angrypenguin said:

Technically speaking the real traitors are the socialists in Canada

Effing right-wingers have been peddling this socialists are traitors shit for years, its like talking about the weather but never doing anything about it.  Either put up or shut-up, borrow a page from Pinochet's handbook or something.

[bush_cheney2004]

U.S. stock market is way up today after tariffs announcement (doing way better than Canada's TSX under Trudeau), and U.S. unemployment ticked even lower to historical lows, also far better than in Canada.   Trump is doing exactly what he said he would do, and despite dozens of begging trips to the USA by Trudeau. Freeland, and other minions...he imposed tariffs on steel and aluminum anyway.

Canadian media is going nuts...fun to watch/read.   They don't mention that Canada has protectionist dairy industry, imposing a 240% tariff on U.S. imports.