Tariffs on Canadian Goods

[DUI_Offender]

 

Trump announces that on his first day in office, he’s going to put a 25% tariff on Mexico and Canada and an extra 10% tariff on China. Stock up on whatever you can before January 20 - everything is about to get more expensive. Groceries, cars, medications, all of it.

Edited November 26, 2024 by DUI_Offender

[DUI_Offender]

Elon Musk is such a tool.

 

This is going to lead to the worst recession in American history, if Trump follows through with his "tariff plan."

 

Gas will also increase to $5.00 a gallon.

[Dougie93]

lunatic leftist Woke Canada, fake country farm team for the Democrat party

deserves everything that's coming to it

Canadian protectionist hypocrites, are going to get a taste of their own medicine now

suck it, you Commie traitors

[Dougie93]

3 minutes ago, DUI_Offender said:

Gas will also increase to $5.00 a gallon.

25% cheaper than it is in loser leftist Liberal Canada

[Dougie93]

8 minutes ago, DUI_Offender said:

Elon Musk is such a tool.

the Ontario government just paid him $100 million for a Starlink contract

take it in the ass, bitter Canadian leftist losers

[DUI_Offender]

Trump and is band of MAGA sycophants are now deliberately lying about Canada.  The notion that Canada is importing large quantities of fentanyl, is ridiculous.

Edited November 26, 2024 by DUI_Offender

[Dougie93]

3 minutes ago, DUI_Offender said:

Trump and is band of MAGA sycophants are now deliberately lying about Canada. During the past decade more Americans sought asylum from the USA into Canada, than vice versa.  The notion that Canada is importing large quantities of fentanyl, is ridiculous.

cry whining loser Canada is going to get a beat down now

couldn't happen to a nicer bunch of leftist traitors

[DUI_Offender]

While we're at it, let's stop accepting people from India. Undocumented migrants crossing Canada into the USA was not even a problem until a couple of years ago, and it's mainly Indians doing it. Even still,  19,000 people crossing into the USA in the past 12 months illegally (by far the most ever) is not ideal, but it's a far cry from the millions that cross into America from Mexico.

Indian migrants drive surge in northern U.S. border crossings

 

A group of Indian and Haitian immigrants arrive at a bus stop in Plattsburgh, N.Y. on a Saturday afternoon in August. The migrants were received by Indian drivers who take them to New York City for a fee.

Sergio Martínez-Beltrán/NPR

PLATTSBURGH, N.Y. — A group of immigrants from India pile out of a taxi minivan beside the Clinton County, New York, government building in this small upstate city half an hour from the Canadian border.

They are quickly swarmed by a half a dozen fellow Indian immigrants who’ve waited hours for this business opportunity.

This fleet of jitney taxis offering migrants rides south to New York City is one clear example of the informal economy that’s sprung up following a significant increase in unauthorized crossings across the usually sleepy northern border over the last year and a half.

“I rent a car, I come here,” Says Shivam, a 20-year-old driver from India who goes by only a surname. “So people coming, I’m just helping them.”

But make no mistake, this is business, and business is booming.

So far this year, U.S. Customs and Border Protection agents have had nearly 20,000 encounters with migrants between ports of entry on the northern border.

That’s a 95% increase from last year.

It’s not entirely clear what’s driving this increase, but nearly 60% of those encounters were with Indian nationals.

Shivam and other drivers charge anywhere from $150 to up to $300 per person for the six-hour drive to the Big Apple. There migrants will search for work or head to other cities across America.

What’s driving the increase?

Shivam himself crossed into the U.S. illegally a few weeks ago, through the thick woods connecting Canada to upstate New York.

He says it was challenging.

“I had to walk through the forest and at night it’s dark and there’s lots of trees and bushes and the forest is full of mud because of the rain,” Shivam says.

He’s now awaiting a hearing in front of an immigration judge after claiming asylum in the U.S. But he admits, he came here mostly for work, and because “I get more opportunities in the U.S. compared to Canada.”

Pablo Bose, director of the Global and Regional Studies Program at the University of Vermont, says the reasons for why most Indian immigrants come to the U.S. varies, and are different to those of Central and South Americans.

Migrants from those countries often are fleeing violence, government oppression, and organized crime. That’s the reason the U.S. southern border saw an increase in unauthorized crossings through 2023.

In December, CBP officials reported nearly 371,000 encounters with unauthorized migrants, a record high.

But those numbers have gone down since the beginning of the year, in part due to Mexico’s increased enforcement, and the Biden administration’s measures limiting eligibility for asylum.

At the northern U.S. border, the number of unauthorized crossings pale in comparison.

Still, the increase has put some communities on edge.

Most of the migrants crossing through Canada are Indian nationals. In June, unauthorized crossings of Indians here hit an all-time high, with about 3,600 attempting to cross between ports of entry.

“For some of the Indian families (the motivation) has definitely been economic opportunity, reunification with family,” Bose says.

He says part of the reason so many Indians come to the U.S. through Canada first is because of the northern neighbor’s favorable immigration policies. For instance, until recently, migrants in Canada who were on a visitor's visa could apply for a temporary work permit there.

Canada also has an express entry policy for skilled migrants who want to live there.

So why are they crossing into the U.S.?

Bose says there are simply more jobs in more industries.

“We have a significant swathe of Indians who end up broadly speaking in the services and hospitality industries, especially in larger cities like New York and Chicago where there’s an ability to disappear into the immigrant workforce,” Bose says.

He added migrants believe the U.S. has more to offer than Canada, like lower taxes and higher wages.

“It’s not lost on most migrants that the U.S. dollar is 25% stronger than the Canadian,” Bose says.

People from all over the world use the northern border

Crossing the northern border is not free of dangers or easy.

Migrants can face freezing winter temperatures. They can also be denied asylum quicker, on the spot, as part of an agreement between the U.S. and Canada.

Still, many perceive this route safer than traveling to the U.S. through the dangerous parts of Central America, or the Mexican desert. 

 

Migrants from Venezuela, Nigeria, Haïti and other countries arrive at the Roxham Road border crossing in Roxham, Quebec, on March 2, 2023.

Sebastien ST-JEAN/AFP via Getty Images/AFP

Deivy Morales, a 25-year-old Venezuelan, knows this too well. After his asylum case languished for two years in Canada, a frustrated Morales decided to cross into New York State.

“I came during the day and I saw mosquitoes that looked like helicopters,” Morales jokes.

He walked for about three hours in the woods until he was arrested by U.S. Border Patrol.

This was a familiar scene for him. A few years ago Morales crossed illegally into the U.S. from Mexico. But he’s back on American soil after his family moved to Chicago from Venezuela.

“I haven’t seen my family in almost three years,” Morales says. “I have to see them.”

As he figures out how to get there, an Indian taxi driver offers him a ride south.

Morales says he only has $150 Canadian dollars. The Indian driver tells him that’s “no good.”

“This is the U.S., not Canada,” the driver tells him. Eventually he tells Morales he will drive him.

Morales is then rushed to get into an SUV with a group of Haitian immigrants.

The driver — a different Indian driver — tells him it’s about a six-hour car ride down on I-87 to New York City.

Other drivers stay put at the bus stop — they know a new wave of migrants is sure to show up soon.

source: https://www.npr.org/2024/09/10/nx-s1-5091259/indian-migrants-immigration-canada-northern-border-illegal-us-customs-and-border-protection

 

[CdnFox]

1 hour ago, DUI_Offender said:

 

Trump announces that on his first day in office, he’s going to put a 25% tariff on Mexico and Canada and an extra 10% tariff on China. Stock up on whatever you can before January 20 - everything is about to get more expensive. Groceries, cars, medications, all of it.

Tariffs go the other way. They don't affect what we buy, they affect what we sell.

This will probably weaken the Canadian dollar and that will of course drive the cost of things up a little but stocking up won't do you any good if America poses tariffs on in going goods

What it will probably do is significantly slow our economy and risk a recession

[Dougie93]

8 minutes ago, DUI_Offender said:

While we're at it, let's stop accepting people from India.

as if Canada could ?

newsflash; thanks to you lunatic leftist clowns

Canada is totally dysfunctional

Canada can't even tie its own shoelaces now, never mind control its borders

every institution in Canada is completely overrun by blue haired Woke Progressive kooks

all Canada cares about is virtue signalling its Wokeness

doesn't even matter who you elect, nothing can save Canada from itself now

the courts are Woke, the cops are Woke, the military is Woke

Canada is the Wokest shit hole on the face of the earth

burn baby burn, in a fire of your own making

"Feminist & Indigenous ways of knowing, Canada" ; ha ha ha ha ha !

[DUI_Offender]

5 hours ago, CdnFox said:

Tariffs go the other way. They don't affect what we buy, they affect what we sell.

This will probably weaken the Canadian dollar and that will of course drive the cost of things up a little but stocking up won't do you any good if America poses tariffs on in going goods

What it will probably do is significantly slow our economy and risk a recession

It's going to hurt the American consumer the greatest, and possibly start multiple trade wars, which will likely drive the World into a Great Depression, like the last time countries tried to impose ridiculous tariffs on each other (1930s). 

[DUI_Offender]

How Will Trump’s Universal and China Tariffs Impact the Economy?

November 8, 20245 min readBy: Erica York

President-elect Trump has promised to impose steep new taxes on trade, including a 10-20 percent tariff on all imports, at least a 60 percent tariff on Chinese imports, and a 25-100 percent tariff on Mexican imports. At least a dozen estimates on Trump’s proposed tariffs show they will have a harmful effect on the American economy, supporting the standard view among economists that tariffs reduce trade and distort production, leading to lower standards of living.

A tariff is a tax on imported goods, applied at the border when a business or person in the US purchases a good from abroad. Tariffs increase the price of foreign-produced goods, incentivizing consumers to switch to domestically produced goods and providing domestic producers room to increase their prices. The benefits that domestic producers receive, i.e., higher prices and sales, come at the expense of consumers (including business consumers). For this reason, tariffs are redistributive, taking income from some and giving it to protected businesses.

While the protected businesses may grow because of the tariff, they are not low-cost producers. Thus, tariffs result in less efficient production, leading to reduced economic output and lower incomes over the long run. This is the standard analysis of tariffs going back to Adam Smith and the classical economists, who recommended keeping tariffs as low as possible (tariffs were a primary source of government revenue at the time).

The debate has its nuances, such as the potential impact of tariffs on the price level. Tariffs could have an inflationary impact or cause an economic downturn in the short run, depending on whether the Federal Reserve takes action to loosen policy and accommodate the tax increase (we’ll discuss these questions in a forthcoming analysis). But no matter whether the short-term adjustment involves inflation or temporarily heightened unemployment, the long-run adjustment to tariffs involves lower incomes and production.

Over the long run, tariffs shrink the size of the economy by reducing work and investment. That’s because tariffs increase the relative prices of imported and protected goods, and after paying those higher prices, people have less income left to spend elsewhere. Effectively, this means tariffs reduce the after-tax value of income by reducing how much consumption people can afford. The reduction in the after-tax value of income reduces incentives to work, which reduces hours worked and, in turn, capital investment. Fewer hours worked and a smaller capital stock result in a permanently lower level of output and income.

Additionally, tariffs lead to dynamic inefficiencies, which reduce productivity. By creating a protected domestic market, tariffs blunt competitive pressures that otherwise force firms to remain innovative. Instead of needing to constantly search for ways to improve processes and meet consumer demands, firms can sit back and enjoy higher profits from protection. Past (and ongoing) episodes of protection, both anecdotally and empirically, reveal that protected firms tend to use their higher profits to lobby for more and longer protection, rather than for increased research and development or capital expenditure.

Tariffs may also lead to inefficiencies through political favoritism and uncertainty. A new analysis of Trump’s first term tariffs found firms that made political donations to Republican candidates were more likely to be granted tariff exemptions than firms that gave to Democrats. Increased uncertainty over trade and tariff policy itself can chill investment and decrease incomes.

That brings us to Trump’s proposals. A dozen macroeconomic estimates have taken different approaches to analyzing Trump’s proposed tariffs, from estimating the fall in aggregate demand arising from the tax hikes to using various trade models to our work at Tax Foundation estimating the effects of the tax increase on labor. All studies consistently find that Trump’s proposed tariffs would have a negative impact on the United States economy.

The modeling highlights another major downside of imposing tariffs—the geopolitical pressure exerted on foreign governments to respond with retaliatory tariffs. When foreign governments impose taxes on US exports, it reduces how much US producers sell abroad, lowering incomes and shrinking output further. Most private forecasts of the effects of US-imposed tariffs model the impact with retaliation, ranging from tit-for-tat to more targeted responses. Estimates from Warwick McKibbin et al. of the Peterson Institution for International Economics suggest retaliation could more than double the economic losses from US-imposed tariffs.

Many of the same studies also included estimates of the economic effects from Trump’s first term trade war, which range from a reduction in real output of 0.2 percent to 0.7 percent. The economic literature reports a similar range of effects on US output from the first trade war, from -0.17 percent to -0.50 percent.

One outlier estimate, excluded from the table below, produces results that suggest universal tariffs would grow economic output and incomes. A scathing review by international trade economists of the underlying assumptions in that estimate explains how researchers manipulated a trade model, against all economic evidence, to produce positive results from higher trade taxes. The reviewers characterized the effort as “intentionally misleading,” with “key assumptions. . . [that find] absolutely no support in the economic literature.”

President-elect Trump may want to impose tariffs to encourage investment and work, but his strategy will backfire. Tariffs will certainly create benefits for protected industries, but those benefits come at the expense of consumers and other industries throughout the economy.

source; https://taxfoundation.org/blog/trump-tariffs-impact-economy/

[cannuck]

1 hour ago, DUI_Offender said:

How Will Trump’s Universal and China Tariffs Impact the Economy?

November 8, 20245 min readBy: Erica York

source; https://taxfoundation.org/blog/trump-tariffs-impact-economy/

Excuse me for a minute while I am LMFAO.

First of all, the Trump Tariffs are not some economic protective measure, they are a penalty on the 2 totally irresponsible countries that have completely miss-managed transmigration and drug traffic through their hopelessly porous borders.

The economic analysis is truly amazing.  The author writes about productivity and other irrelevant stuff without her entire "profession" (and is that ever a stretch) completely ignores banking and finance siphoning off not billions but TRILLIONS with the speculative economy - that creates absolutely zero wealth.   That is a battle Trump will never fight as he is one of the alligators in that infamous swamp.

[DUI_Offender]

4 minutes ago, cannuck said:

Excuse me for a minute while I am LMFAO.

First of all, the Trump Tariffs are not some economic protective measure, they are a penalty on the 2 totally irresponsible countries that have completely miss-managed transmigration and drug traffic through their hopelessly porous borders.

The economic analysis is truly amazing.  The author writes about productivity and other irrelevant stuff without her entire "profession" (and is that ever a stretch) completely ignores banking and finance siphoning off not billions but TRILLIONS with the speculative economy - that creates absolutely zero wealth.   That is a battle Trump will never fight as he is one of the alligators in that infamous swamp.

Trump Tariffs are an economic protective measure, disguised as a "penalty." If it were a penalty for irresponsible countries mismanaging migration and drug trafficking, Canada would not be mentioned in the same sentence as Mexico. 

Edited November 26, 2024 by DUI_Offender

[Michael Hardner]

So weird that Trump supporters are cheering on our economic downfall and blaming Trudeau.

 

It's Canada AND Mexico...

[cannuck]

21 minutes ago, DUI_Offender said:

Trump Tariffs are an economic protective measure, disguised as a "penalty." If it were a penalty for irresponsible countries mismanaging migration and drug trafficking, Canada would not be mentioned in the same sentence as Mexico. 

OK, let's assume they are intended to be an economic protective measure.   It could be a disaster for some segments of our more resource based economy - and it will be interesting if it is applied to petroleum as the US depends upon a lot of Canadian oil and gas (the world's largest pipeline system takes 7 out of AB then 5 of them turn at Winnipeg and go directly to Chicago).  Over the last 60 or so years Canadian governments of EVERY party, fed & provincial have done little to stem the failure of every value added industry except automotive (and even that has fallen apart) and defense production - that is one of the bottomless pits of tax money thrown at Quebec to try to keep them in.  

If such tariffs hurt Canada (and they surely will) they will to some extent benefit the protected US businesses (as the author predicts) but to even suggest that US production costs could be competitive with Canada at $0.72/us, Mexico at far less and China with essentially unregulated and unenforced laws around wages, environmental damage, resource depletion, etc. is laughable.   All of the money that built China in 30 years from zero to the 2nd (or 1st) largest economy on the planet came directly from US and EU pockets - neither of which can compete with China as no such thing as a "level playing field" exists - thus IMHO trade restrictions and barriers are fair play.  We will get caught in the squeeze because we have focused on only singular parts of our economy - leaving everything outside of ON/PQ as hewers of wood and drawers of water.

[DUI_Offender]

2 hours ago, Michael Hardner said:

So weird that Trump supporters are cheering on our economic downfall and blaming Trudeau.

 

Cutting off one's nose to spite one's face....

Edited November 26, 2024 by DUI_Offender

[CdnFox]

6 hours ago, DUI_Offender said:

It's going to hurt the American consumer the greatest, and possibly start multiple trade wars, which will likely drive the World into a Great Depression, like the last time countries tried to impose ridiculous tariffs on each other (1930s). 

It's not that simple. Remember who gets to keep the trade tariff money. If he really intends to tariff for the long term then he will collect massive amounts of additional government revenue which he can then use to significantly lower taxes. 

But I doubt that it will lead to a protracted trade war. This appears to be posturing for concessions

[herbie]

It is Trudeau's fault.
He hasn't fallen to his knees and sworn fealty to the All Powerful & Mighty Emperor of Earth yet.

Time to see if PP will suck Trump's nuts or if he still has some of his own.

[CdnFox]

4 minutes ago, herbie said:

It is Trudeau's fault.
He hasn't fallen to his knees and sworn fealty to the All Powerful & Mighty Emperor of Earth yet.

Time to see if PP will suck Trump's nuts or if he still has some of his own.

10 years in power and he hasn't done anything to resolve the issue. Not to mention the fact that he's been going around bad-mouthing trump the whole time that trump was running and it was warned that that might have consequences.

But hey, I'm sure he'll stand up to trump right now and find a way to negotiate out of this right? Right? Herbie? helllloooooo?

[DUI_Offender]

5 minutes ago, CdnFox said:

10 years in power and he hasn't done anything to resolve the issue. Not to mention the fact that he's been going around bad-mouthing trump the whole time that trump was running and it was warned that that might have consequences.

But hey, I'm sure he'll stand up to trump right now and find a way to negotiate out of this right? Right? Herbie? helllloooooo?

At this point, I think we all need to come together as Canadians, and do what is right for our country, and only our country. Screw partisanship at this point. I am niot a big fan of Trudeau, but the alternative is far worse.

Trump will not respect PP, and he will walk all over him. We need a man who can stand up to Trump.

[CdnFox]

8 minutes ago, DUI_Offender said:

At this point, I think we all need to come together as Canadians, and do what is right for our country, and only our country. Screw partisanship at this point. I am niot a big fan of Trudeau, but the alternative is far worse.

Trump will not respect PP, and he will walk all over him. We need a man who can stand up to Trump.

Dude, if your argument is that Trudeau is somehow a tougher guy than Poilievre your credibility just went from 0 to a massively large negative number.

Poilievre is a considerably better negotiator than Trudeau. More importantly he's baggage free, where is Trudeau has a long history of being belligerent with trump and trump turning around and smacking him around and hurting our trade deals. Trump already refused Trudeau as a useless weakling not just bragged in the past about how easy it is for him to push Trudeau around

And let's face it, you do like Trudeau. Is all but destroyed Canada and you have to be 16 different kinds of stupid to think he'll do well with trump and you're here shilling for him.

[Politics1990]

only way to deal with a bully is to push back screw them  match with equal tarriffs  .donald trump is a complete wacknut anyway

[Michael Hardner]

34 minutes ago, DUI_Offender said:

 Trump will not respect PP, and he will walk all over him. We need a man who can stand up to Trump.

Nobody can stand up to him.

 

Better to flatter and make him think he won.  That seems to have happened in the past...

[DUI_Offender]

54 minutes ago, Michael Hardner said:

Nobody can stand up to him.

 

Better to flatter and make him think he won.  That seems to have happened in the past...

 

The playbook is already out on Trump. Act like a tyrant, then when meeting with Trump, stroke his ego, then negotiate. Trump only seems to respect autocratic leaders. Narcissistic people that have remarkably thin skin (for a World leader) can easily be manipulated. Putin, Xi, and Kim Jung Un are well aware of Trump, and will play him like a violin. Ukraine, Taiwan, and South Korea will suffer. 

Edited November 26, 2024 by DUI_Offender