Will Canada and Mexico make adjustments or be stubborn and allow these tariffs to destroy their respective economies?
American here. 25% tariff on Canada will impact my business in NY state. Double digit percent of my clients won't tolerate the incremental cost of goods. The attrition plus the increased cost of capital mean job losses at my business. I'm drafting layoff plans starting in March. Skilled operators are difficult to find, and will take years to rehire, but I can't compete in this tariff environment
SW-User
@tenente sounds like you're ruining hard working employees life off of projection and political biased I feel sorry for the families you're destroying
@SW-User It's definitely a tough situation. increase costs of import put pressure on my productivity, lowering returns. while interest rates have started to decrease, a lot of financial institutions manage a borrowing practice that is unfavorable toward "small" business such as mine. Lifelines in the shape of LoC and leveraged debit offer short term relief at the price of long term burden. Tenure at my shop is long, 5+ years avg. I pay above competitive salary to retain the best operators. But 25% tariff on these commodities is a nuclear bomb in my industry. My layoff package will include a generous severance to help them transition. And through my network I'll help my employees find work with the larger companies who have the capital to absorb additional costs and sustain a prolonged trade war. I won't sell my contracts b/c I don't trust my competitors will do a good job. I'll miss my employees, and my customers. Maybe precision manufacturing doesn't have a future in America, we will wait and see. That's the story from up state NY.
The Canadian dollar and Mexican peso just plummeted based on the tariffs.
Canadian exports to the US account for 22% of their GDP. Mexican exports to the US account for 30% of their GDP. US exports to these nations account for less than 2% of our GDP. Trump won the tariffs battle before it began.
As a Canadian, I am happy to report that many Canadians are now buying only Canadian goods. Other goods not from the US are the second option. We have counter tariffs ready to roll out at the end of the 30- day period should that evil orange clown impose his. He is not a good neighbour. He would destroy the world as well as his nation just to stand in the ashes.
@PoetryNEmotion I'm not telling you how to feel. I am explaining simple economic facts. This isn't an Olympic hockey match. This is about how a beagle can't survive a fight with a bull mastiff.
It looks like Mexico just adjusted. They've decided to play ball and Trump has paused the tariffs for a month to see if they do what they said they'll do.
And he will continue to keep winning them due to a simple fact:these countries are far more dependent on us than we are on them.
Except that as soon as Mexico and Canada hit back almost immediately with tariffs of their own, and the Dow went into freefall, Trump suddenly backpedalled and slapped a 30 day "pause" on the tariffs. Just like a typical bullyboy, as soon as someone bullies him he turns into a snivelling sidekick. Expect the 30-day pause to turn into a 30-year one...
These were BIG wins for Canada, and especially Mexico, who are not actually doing anything different to what they had originally negotiated under Biden.
LoL. It's the American citizens who are going to pay for the tariffs. Have a nice day when you go buy products that have gone up by probably 30-40% to cover the 25% tariff
@Justafantasy sometimes when that's the best you can come up with it's just better to walk away. Although I'm not the less bit surprised a liberal's intelligent rebuttal is summed up by a child's I know you are but what am I
@carpediem None but it’s something that is a problem because Americans are prepared to buy and use illegal drugs. Why arent American Border patrols preventing the entry of such drugs
@Anniedlr Are you aware the US is actively removing criminal illegals from the country right now? Obviously that would include drug and sex traffickers who illegally crossed the border. Trump isn't just relying on Canada and Mexico, he is looking for their cooperation on reducing the amount of drugs coming into the country.
Hell yeah costa rica is an awesome place to go, la fortuna and coco beach is a lot of fun. I went scuba diving in coco beach but they have snorkeling for people who aren't certified for scuba. They have a lot of bars and night life i know at least one casino is there. La fortuna is a few hours from the water but they have some massive volcanos you can hike and the biggest cave I've ever been in. They have rappelling and zip lining through the rainforest. There's some fun hotsprings by the volcano with slides and a swim up bar. I got drunk and went down the slides head first lol. Those were definitely my favorite parts of costa rica i seen. It might be different now but i was spending freely and wasn't spending 50 dollars a day. I was 20 years old i couldn't even buy beer in America and being able to have all the beer i wanted there was amazing to me lol. Memorial day would be a convenient day to have your birthday fall on lol. I hope i see Tanzania soon everything having guides required makes me not want to go alone to be awkwardly stuck by myself with a random guide lol. If i go alone I'll go to South Africa where I'm free to roam the safaris and stuff by myself. Mauritius would be amazing too I've always wanted to include that into my Tanzania trip.
that's pretty much what his immigration policies are all about but so many people don't see that
@SunshineGirl Says who? Maybe you need to read "The Art of the Deal". A skillful negotiator doesn't go around telling his opposition what he's about to do. That would be like playing poker and showing everyone your hand. Tariffs are a strong tool to accomplish many things ranging from changing the behavior of an entire nation, to opening up markets. Perhaps you're unaware many countries impose tariffs on our goods.
Mexico and Canada backed down because they understood they are no posture to have a trade war with the US. Now, further trade negotiations will happen to even out the trade imbalances with both Mexico and Canada. Is it tough? Yes it is. And some of you lefties just can't handle a rough and tumble fighter like Trump.
@carpediem A skilled negotiator acknowledges what the other side is trying to achieve and clearly sets out his demands. Trump made general demands of Canada and Mexico to halt flows of migrants and drugs without detailing specific conditions. At one point he forgot tariffs were being used as a negotiating tool and insisted he would impose them on Canada regardless because 'America needs the money". A lot of bluster and noise which achieved little beyond placing Trump centre stage.
Mexico and Canada have not "backed down". They were not the ones who threatened to illegally break an international treaty. The only person who has backed down is Trump from his own confected conflict.
@SunshineGirl LOL... girl, you are lost. Canada and Mexico are doing exactly what Trump wants. So sorry things are going well for the US. I'm sure it bothers you.
