cross-posted from: https://lemmy.world/post/24657192
Summary
In a virtual speech at the World Economic Forum, Trump suggested Canada could become a U.S. state to avoid his proposed tariffs on imports.
The remark elicited gasps from the audience.
Trump claimed the U.S. does not need Canadian lumber, energy, or vehicles, vastly overstating the trade deficit between the two nations.
He reiterated his intention to impose tariffs, potentially as high as 25%, on imports from Canada and Mexico starting February 1.
Economists warn such tariffs would raise prices for U.S. consumers.
I want to see Canada put out an open offer for immediate welcome, territoriship, and instant citizenship for any state along the border that votes to join Canada.
Canada is avoiding Trump’s tariffs by not becoming a state.
They are not paying the tariffs, american people do. So by joining the US they would start paying all the tariffs that Trump is putting on China’s products, European products …
Why do people think that happens? It does not happen. 90% of the tariffs will be absorbed by Canadian companies trying to keep up sales to the US because there’s nowhere else to go, and even if they sell elsewhere, it’ll be discounted that much to other countries because of the general laws of supply and demand.
The only way, and it’s one that we have nothing in place to effect, is to mark prices as of the tariff date and to enact an export tariff for the amount of the sale under the price set point. That would highly discourage discounting sales and pretty much just cut them off since, in the case of products made or produced in the US, it would be competing with local products at 125% of the local price.
The importer, not the exporter pays tariffs. Aka Canada pays nothing, things made in Canada have an extra tax attached to them when they cross the boarder into the us, paid by Walmart or whomever ordered the goods
Yes, but in the real world, while the importer pays the tariff, they’ve taken a discount on cost from their supplier in order to compete with local goods that aren’t tariffed. That’s why no country wants tariffs applied to their imports. Its almost like governments understand how this works.
Ummm no.
In the real world consumers ultimately end up paying the tariffs.
Domestic suppliers have a tendency to raise prices is response to increased demand and decrease competition from imports.
When Trump implemented a tariff on Washing Machines in 2018 during his first term. The price of imported washing machines went up, the price of domestic washing machines went up, the price of dryers… which weren’t tariffed went up.
Eventually it did led to more washing machines and dryers being manufactured domestically. Which did lead to a small increase manufacturing in jobs. But it was a net loss for the consumers.
Tariffs function as a flat tax on goods. Like all flat taxes this benefits the wealthy and hurts poor and the working class.
Well, when it’s been in place and the Canadian economy is in free fall, you can come here and tell me how wrong I and all the governments were about how this works. I’m sure it’ll go totally different than the softwood lumber tariffs that shut down the forestry industry in BC for a decade.
Here’s the Canadian forest industry take on tariffs. Mostly borne by Canadian producers:
https://forestresources.org/2024/12/19/a-discussion-around-tariffs-on-cdn-lumber/
I mean honestly, he’s just a giant douche canoe that accurately reflects the level of intelligence and emotional maturity that the most of his fucking deplorable Nazi base is. There’s nothing he’s here said that isn’t what his moronic base says on a daily basis and is more or less a accurate representation of America and Americans by large.
America is a nation of idiots.
Canada is already a state… a SOVEREIGN state.
Oh, boy, what you’ve got going on looks like so much fun, how could we want to miss out?
If’n he can point to it on a map
Why people keep listening to what that being says? Just respond to his actions, anthing else is useless…
I somewhat agree with your point but after years of him saying he would do fucked up shit and then him doing a lot of it, it helps to be prepared for his intentions as they manifest into actions in many cases.
My point goes mostly to international leaders or representative people that over-react to his words and then the media look to amplify it by doing it a “new”: part of his strategy is this shit bombing upon saturation, so it buffers a space of allowance of shit actions in the public opinion that otherwise would have suffered of even more rejection if done without this probing, confusing and dragging resources in the meantime to attend this… which in the end will not matter how are they answered, prevented or reacted, he will push anyway in that direction, so I would give zero weight to all that diarrhea, shit will come willing it or not since he has the power to do it, accepting any kind of conversation with someone like that is playing a rigged game and lose terrain… why accept his ability to an exchange of opinion in the first place? why respond/listen to him? He behaves like the strongest bully, the corresponding treatment is required… join on isolating him, he will not make it easy though. This is my opinion…
Just. You know…
become a state.
As a Canadian, fuck you Trump. Canada will never be a US state. Not sorry.
If it goes down I’m just gonna scoot up north and fight on your side for Canadian citizenship.
That’s a really good idea! I’m about 5-8 hours from the Canadian boarder but I will not fight for a fascist country. I’ll either join the other side or join a resistance here.
I’m about 4 hrs from the border but could easily make that shorter in an emergency! Combat veteran as well.
I’m a vet also. Never felt the need for a gun as a civilian, but November changed that for me.
I got a couple last summer because I knew it’d be a shitstorm regardless of who won.
Why did November change that for you? What has actually increased your need for a gun since then?
A tyrannical government?
Arm the proletariat?
I wonder how many would lol
A lot more than the Rs would think.
I hope so! I live pretty close to the border so this is all a bit surreal
It is for us too.
Solidarity forever, fellow worker ✊️
The amount of Americans visiting Australia who assume people here would want to live in America instead given the option was astounding to me.
Just the coffee quality is enough reason not to. 🤣
As they say in Canada, they’re not having Nunavut these hosers, eh ?
Its truedeau. (Its a pun)
It’s bad enough being one of those states now, and I’m in one of the good ones.
Us citizens pay tariff this doesn’t hurt Canadians. They should call bluff and say do 30%.
Actually tariffs will hurt Canadians deeply. Why? Because it means that Americans will lean towards not buying products made in (or partially made in) Canada. Plus, Canada would certainly reciprocate meaning the price of everything is going to go up in Canada. It’s not a good situation and our government needed to be spending the past 10 - 20 years developing stronger trade relations with other countries but instead we amplified our relationship with what is clearly a very unreliable and untrustworthy neighbour.
They’re already gonna hurt cause homes aren’t gonna make themselves, and we’re deporting our construction crews…
Basically sums up how half America feels about its country.
It potentially reduces exports from Canada to the US, hurting our economy. Nobody wins
Canada imports more from USA than it exports to USA. A trade war that decreases exports would hurt USA more than Canada.
The largest exports from USA to Canada are cars and trucks. (Finished products) The largest exports from Canada to USA are minerals, fuels and pulp. (Raw material)
This puts USA at a disadvantage in a tariff game, because it’s a lot easier for Canada to replace American cars with Asian or European cars, than it is for USA to replace the variety of ressources that Canada provides
It’s also a lot easier for Canada to find other customers for raw materials than it is to sell American cars on other continents.
We have a lot of resources. Ya our shit will get more expensive, but he’s gonna fuck his own country doing this. Canada will survive.
Canada will absorb most of the extra cost if we want to sell product to the US.
Will it though. Seems like Mexico will build the wall talk.
Honestly, the only way to keep that cost in the US is to mandate that anyone selling across border has a price set as of the day of the tariffs. If they sell under that price, they get export tariffed for the difference. Then at least there’s a chance that the tariff burden will be passed on to the US consumers and maybe they’ll do something.
But we don’t have anything in place to make something like that happen at this point, and even if we did, I doubt we have the political will to shelter Canadians that way. Sure as fuck Polievre won’t do any such thing.
Maybe someone whipping up a plan. Would be nice to only see one party victimized by this bs.
My understanding is that tariffs in general can apply to both imports and exports, on either side.
Well according to wiki you are right. I was on ever taught tax on imports in school. Taxing exports only works of there is one possible vendor and if there is not then the competition will just has to charge slightly less while expanding production.
Imagine if China , EU, and or japan be like here is 10% discount. Or better yet Trade alliance among countries who Trump charges on exports would be hillarious.
Trump seems to have the goal of destroying the US from all I can tell. Our economy and power are so dependent on our connections to the rest of the world and he is burning them all down. The US dollar gets replaced as the fiat currency we are wholly fucked and this dumb shit is how that happens.
Somehow, even with conservatives owning all the branches of government, it will be the Dem’s fault.
LGBTQ+ and immigrant fear can convince conservatives of about anything.
And they’ll even say sorry for it because they consider it “impolite” and “not done” to talk back to the sitting government or some shit.
Who needs dollars when you have $TRUMP meme coins?
Fair. I was just thinking what the monetary system really needed was to be more obscure, cartoonish, energy intensive and unstable.
Bitcoin is a form of electronic token, so $TRUMPET
Now backed by your social security! Thanks Obama
Inshallah
And the last gasp of our conservatives as the final pillar of the whitehouse collapses into a flaming wreck due to Trumps ridiculous toddler-like mismanagement of everything will be to blame it all on the Democrats.
let’s go comrade trump
If America is forced to accept austerity measures over our massive debt when the dollar is no longer fiat, regular people will be the ones who suffer sadly.
He is preparing a firesale for the super rich…
That’s the point, I think, as well. I could see Putin using the useful idiot to destroy the primary rival to its superiority. The US is incredibly difficult to invade. The intelligence apparatus is too ingrained in all our communication to avoid detection. If you can’t get the rot to start from the outside, go for the inside.
This is peak BlueAnon/Marvel Cinematic Delusion, where Putin is a supervillain with a global mind control network.
There is no actual fentanyl or immigration basis for tariffs on Canada. Just submit to less representation than California, and help absorb large US debt with little in return for it.
There’s no basis for tariffs on Mexico either.
Trump is going to speedrun all our
vassalsallies into joining BRICS, and I’m here for it.Dear Trump:
American anschluss of Canada to expand their lebensraum, because they feel they deserve it.
Musk does not hide how he feels about it, we wouldn’t either.
