Moar Inflation!

[Sactowndog]

On 2/2/2025 at 11:58 AM, thelawlorfaithful said:

Mexico

Canada

Increase doesn’t come close to fixing their problem.

Edit: whoops wrong graphic for Canada

 

The bulk of that is Canadian energy products into the US for which we have few alternatives for their heavy crude.  It would be a massive expense to retool the refinery’s in the Midwest to deal with lighter American oil.  

[thelawlorfaithful]

On 2/2/2025 at 12:34 PM, NVGiant Waste of Time said:

This will decimate their economies. But it’s not like Mexico and Canada had any options. There aren’t even a real list of demands for them to cave on, even if they wanted. Their only option is retaliatory tariffs and attempt to find alternative trade partners.

They don’t need retaliatory tariffs. Tariffs for no good reason are stupid! They are just taxing themselves to not look weak, which they obviously are.

[Akkula]

On 2/2/2025 at 1:58 PM, thelawlorfaithful said:

Mexico

Canada

Increase doesn’t come close to fixing their problem.

Edit: whoops wrong graphic for Canada

 

The USA has spent the last nearly 100 years getting power by basically bossing around the whole world.  We rewarded our friends and punished our enemies.  It is called soft power.  If you were in the good graces of the USA, you were golden.  Now, we are basically saying that these countries are only as good as our last transaction.  We are saying we are a fickle partner.  We are telling every other country that they shouldn't put all their eggs in the USA basket, as they had in the past.  They need to diversify.  

Putting tariffs on China is one thing.  I think they are a piece of shit and cheat and they are an authoritarian regime.  But Canada?  WTF???  You think crashing Mexico's economy is going to help immigration problems?

Russia was a super power and now they are basically just another big country.  The USA was a big country but not a super power before World War 2.  Right now the USA is doing its best to become the next Russia, Spain, Japan, or the UK.  A has been whose glory days of being a global hegemon are behind us because of short-term transactional thinking.

[Akkula]

On 2/2/2025 at 2:36 PM, thelawlorfaithful said:

They don’t need retaliatory tariffs. Tariffs for no good reason are stupid! They are just taxing themselves to not look weak, which they obviously are.

Oh, they don't need to hurt the whole USA.  They just need to strategically hurt some Republicans and some billionaires close to Trump and they won't get much backlash from the USA.  I don't think many would cry if Musk had zero materials from batteries and his cars cannot be sold outside the USA.  Canada and Mexico can import some really nice Chinese EVs.

[thelawlorfaithful]

On 2/2/2025 at 12:35 PM, Sactowndog said:

The bulk of that is Canadian energy products into the US for which we have few alternatives for their heavy crude.  It would be a massive expense to retool the refinery’s in the Midwest to deal with lighter American oil.  

A quarter of that is not the bulk. We take a hit, they collapse.

[renoskier]

On 2/2/2025 at 12:36 PM, thelawlorfaithful said:

They don’t need retaliatory tariffs. Tariffs for no good reason are stupid! They are just taxing themselves to not look weak, which they obviously are.

so...why are we taxing ourselves? to look weak?

[thelawlorfaithful]

On 2/2/2025 at 12:41 PM, Akkula said:

Oh, they don't need to hurt the whole USA.  They just need to strategically hurt some Republicans and some billionaires close to Trump and they won't get much backlash from the USA.  I don't think many would cry if Musk had zero materials from batteries and his cars cannot be sold outside the USA.  Canada and Mexico can import some really nice Chinese EVs.

Lol

[thelawlorfaithful]

On 2/2/2025 at 12:42 PM, renoskier said:

so...why are we taxing ourselves? to look weak?

Trump is a jerk and a macroeconomic idiot and he likes tariffs. And there’s nothing to be done about any of those things.

[Akkula]

On 2/2/2025 at 2:28 PM, FresnoFacts said:

 

Fix? No.

But this does make those countries even more aware that being over-reliant on the US for trade might not be in their best interest.

If your partner shows they cannot be trusted how reliant do you want to be on them?

Trump negotiated and signed USMCA. Now he is breaking it. That will make Canada, Mexico, and others think twice about the US.

MAGA thinks they are really tough by bullying countries like Panama and Colombia.  They WON!  Yeah, guess what?  I am sure China is giving them a very sympathetic shoulder to cry on and offering some nice investments right now.  China is going to have some military bases in Latin America very soon, I am sure.   Panama got rid of its military because it was under the US umbrella.  That sounds like a bad move that China can potentially assist with.

But, remember, Trump won the news cycle!

[thelawlorfaithful]

On 2/2/2025 at 12:37 PM, Akkula said:

The USA has spent the last nearly 100 years getting power by basically bossing around the whole world.  We rewarded our friends and punished our enemies.  It is called soft power.  If you were in the good graces of the USA, you were golden.  Now, we are basically saying that these countries are only as good as our last transaction.  We are saying we are a fickle partner.  We are telling every other country that they shouldn't put all their eggs in the USA basket, as they had in the past.  They need to diversify.  

Putting tariffs on China is one thing.  I think they are a piece of shit and cheat and they are an authoritarian regime.  But Canada?  WTF???  You think crashing Mexico's economy is going to help immigration problems?

Russia was a super power and now they are basically just another big country.  The USA was a big country but not a super power before World War 2.  Right now the USA is doing its best to become the next Russia, Spain, Japan, or the UK.  A has been whose glory days of being a global hegemon are behind us because of short-term transactional thinking.

We’re rich and everyone is hooked on our money, Russia wasn’t rich. Stop talking.

[Akkula]

On 2/2/2025 at 2:44 PM, thelawlorfaithful said:

Trump is a jerk and a macroeconomic idiot and he likes tariffs. And there’s nothing to be done about any of those things.

He told you what he was going to do, and you voted for him.  So who is the idiot?

[Akkula]

On 2/2/2025 at 2:46 PM, thelawlorfaithful said:

We’re rich and everyone is hooked on our money, Russia wasn’t rich. Stop talking.

The UK and Spain were much richer and had much larger empires at one point too.

[Sactowndog]

On 2/2/2025 at 12:42 PM, thelawlorfaithful said:

A quarter of that is not the bulk. We take a hit, they collapse.

Seems to be more than 25% 

[Akkula]

Here is the history of the wealthy spanish empire and tariffs, LOL

The Spanish Empire heavily relied on mercantilist policies, which meant they imposed high tariffs on goods entering their colonies, restricting trade to only a few designated ports, and essentially forcing their colonies to primarily export raw materials to Spain, leading to high prices for goods within Spain itself due to the limited supply and high cost of importing goods from their colonies; this system, while enriching the Spanish crown with gold and silver, ultimately stunted economic growth within Spain itself by preventing the development of domestic industries. 

Key points about Spain's mercantilism and high prices:

Trade restrictions:

Spain implemented a strict system called the "Flota" where all trade with the colonies was channeled through specific ports like Seville and Veracruz, limiting competition and driving up prices. 

High tariffs:
To protect domestic industries, Spain levied high tariffs on imported goods, making them significantly more expensive for consumers within the country. 

Colonial exploitation:
The primary focus of Spanish mercantilism was extracting raw materials like gold and silver from the Americas, which led to a flood of precious metals into Spain, causing inflation and further increasing prices. 

Limited domestic production:
By restricting colonial manufacturing, Spain discouraged the development of its own industries, making it reliant on expensive imported goods. 

"Price Revolution":
The influx of large amounts of New World silver contributed to a period of rapid inflation across Europe, known as the "Price Revolution," which was particularly pronounced in Spain. 

[NVGiant Waste of Time]

On 2/2/2025 at 12:36 PM, thelawlorfaithful said:

They don’t need retaliatory tariffs. Tariffs for no good reason are stupid! They are just taxing themselves to not look weak, which they obviously are.

These countries have elections, too. Same game different teams. They’re just doing what every country would do in this situation. 

[Akkula]

Here are the Canadian list of tariffs

List of products from the United States subject to 25 per cent tariffs effective February 4, 2025 - Canada.ca

[AztecAlien]

On 2/2/2025 at 1:47 PM, Akkula said:

The UK and Spain were much richer and had much larger empires at one point too.

When will you be adding David Duke, Stormy Daniels, Putin, Castro, and crypto coin to this thread as well? 

[NVGiant Waste of Time]

On 2/2/2025 at 12:42 PM, thelawlorfaithful said:

A quarter of that is not the bulk. We take a hit, they collapse.

They’re fucked with or without retaliatory tariffs. Trump made sure of that. The more interesting thing to me is what our own appetite for a trade war is once the economic pain comes. 

[4UNLV]

On 2/2/2025 at 12:41 PM, Akkula said:

Oh, they don't need to hurt the whole USA.  They just need to strategically hurt some Republicans and some billionaires close to Trump and they won't get much backlash from the USA.  I don't think many would cry if Musk had zero materials from batteries and his cars cannot be sold outside the USA.  Canada and Mexico can import some really nice Chinese EVs.

lol Pendejo.
https://x.com/GOPJesusUSA/status/1885917711039119709

TRADE WAR UPDATE: Mexico Joins Canada, Imposes 50% Tariff On Tesla Cars “El Presidente pendejo Musk made a big mistake putting tariffs on Mexico,” said Mexican President Claudia Sheinbaum. “These tariffs will not stand! “Also, he’s banned from Mexico because as an illegal immigrant in the U.S., his passport is no good here.”

 

[thelawlorfaithful]

On 2/2/2025 at 12:47 PM, Akkula said:

He told you what he was going to do, and you voted for him.  So who is the idiot?

I didn’t vote for him. And you loved him for his tariffs position to protect workers in 2015. Your clown makeup is running.