• MonkderVierte@lemmy.ml
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    56 minutes ago

    If this increasing shortsightedness means what i think it means, i doubt he will be capable of office for all 4 years of his term.

  • MonkderVierte@lemmy.ml
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    1 hour ago

    and that the US had a deeper “piggy bank” than its trading partners regarding a potential trade war.

    I thought the US has almost 20 trilions in debts?

    • scratsearcher 🔍🔮📊🎲@sopuli.xyz
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      40 minutes ago

      Who bought this debt (US treasury bonds)? Mostly China, Japan, North Americans and Europeans … So they depend on the system, the circle closes. The US is the biggest importer in the world, and the years since 1945 where used for exporter nations to optimize and streamline for the American costumer. Breaking away from that system would be painful.

  • abcd@feddit.org
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    6 hours ago

    What I still can’t comprehend as a non American: It’s not Canada that’s going to pay the tariffs. It’s mostly US companies and at the end the US consumers will pay for it. That’s literally grabbing money from the pockets of US citizens. In what way does this sound like a good idea to a Trump voter? What happens if the affected countries start trading with each other and ignore the US? Trade wars have the the potential to develop into a full scale war if one of the participants is starved of the precious oil…

    • scratsearcher 🔍🔮📊🎲@sopuli.xyz
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      37 minutes ago

      Say you are a oil producer, and frack gas and oil in Texas, an industry that supported trump. Now imagine what tariffs on oil-imports from Canada means for your business: rising prices, since gas from Canada would be less competitive. Same with logging and wood products.

    • 31337@sh.itjust.works
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      3 hours ago

      Trump has mentioned that tariffs will help him pay for his planned tax cuts. Tariffs are like a flat-tax, which disproportionately help the rich while taking more from the poor.

      I also think there may be some other angles they’re working; but I’m not completely sure on. Trump often threatens people to solicit favors; so this may also be a way for him and his cronies collect bribes and favorably business deals from politicians and the wealthy from around the world. He may also have deals with Putin, because he’s acting exactly how you’d expect a person to act who was trying to destroy the Western hegemony.

      • Redditsux@lemmy.worldOP
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        1 minute ago

        Well this is one of the big answers. Tariffs are a hidden or indirect tax. Stupid democrats didn’t understand jack shit so didn’t use it as a campaign issue. He’s raising tax on everybody to pay for his tax cuts. He’s said before he likes the revenue from tariffs in the old days. When you take this approach in conjunction with his thinking on the immigration issue - that by reducing pool of cheap labor, American businesses will pay more and increase wages for low level jobs, you can see where he’s going with this. Prices certainly will be higher. I don’t know about the wages.

    • univers3man@lemmy.world
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      5 hours ago

      Most voters don’t know how tariffs work and assume the country who’s goods are being targeted are the ones who will pay. A lot of people are in for a rude awakening.

      • Natanael@infosec.pub
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        4 hours ago

        This is starting because Trump himself also don’t know how tariffs works

        Also see the damn water reservoir thing because he doesn’t even understand how water works

        And see the Colombia thing

    • Don_alForno@feddit.org
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      4 hours ago

      What happens if the affected countries start trading with each other and ignore the US?

      That would mean less money in rich people’s pockets, so we can’t do that.

  • Sam_Bass@lemmy.world
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    9 hours ago

    Does nobody understand the term “cash grab”? He’d play hell raising taxes on us to get what the tarrifs will get him

  • Maple Engineer@lemmy.world
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    11 hours ago

    If you are a non-Trump voter in a red state, especially if you work for the flagship company or industry in that state, I would like to apologize on behalf of all Canadians for what our government is about to do. We don’t want to do it but it is the only way to deal with a bully.

  • not_that_guy05@lemmy.world
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    12 hours ago

    People, please don’t forget that they (the trump admin) redid the trade agreement with Mexico and Canada in their previous term. We are in this shit because they couldn’t even make a deal previously and still think they are masters of deals.

  • Yerbouti@sh.itjust.works
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    17 hours ago

    I think it’s a great opportunity for Canada to develop more partnership with Europe, Mexico and the rest of the world. USA is an ennemi now, a dangerous one, it’s time to bring this under-educated country to his knees. They need to pay for all the suffering they brought to the world. Sorry USA, we cant not friend anymore, you made your choices.

    • Hanrahan@slrpnk.net
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      11 hours ago

      This as an Australia, I’d be happy to see Australia aak fir EU entry.

      Or we could start a Canada, Australia, Japan, NZ zone akin to the EU.

    • non_burglar@lemmy.world
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      15 hours ago

      I agree, but we should have diversified our trade in the 90s when we realized Mulroney’s us/can free trade agreement wasn’t going to last forever, and when it was becoming obvious that China was rising fast as a manufacturing powerhouse.

      IMO, we should have forged a tightly integrated trade agreement with the EU and spearheaded the Trans Pacific Partnership way sooner.

      We’re in the pickle of current events because we were largely complacent at the table of a global market that marched ahead without us in the ways we wanted.

      • Voroxpete@sh.itjust.works
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        12 hours ago

        The problem is that it’s very difficult to move from a trading partner you share a land border with to ones that you have to cross the world’s largest oceans to get to. Not just difficult, but largely undesirable. While national security might argue for diverse trading partners, short of applying extraordinary incentives business is going to go where its easy and profitable to go, and that’s the US.

        Since the nineties Canada has signed and ratified 15 free trade agreements. But none of that matters when we have one of the world’s largest and wealthiest markets right next to us. Not unless we’re willing to take extraordinary measures to change that dynamic.

  • tal@lemmy.today
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    13 hours ago

    Less than two weeks in and a Republican President has editorials from the normally-Republican-friendly Wall Street Journal taking a whack at them.

    goes over to see what Cato is up to

    Looks like the top three stories are all also attacking Trump.

    • Trump’s Deportations Will Hit American Workers, Too

    • Trump Administration Purge of FBI Managers Underway

    • Here Comes the Legal Campaign Against “Woke” Employers

    For a guy aiming to make a big deal out of firing lots of government employees, he sure isn’t getting much love from the small-government crowd.

    EDIT: Just to add to that, Reason’s top stories are also taking a whack at Trump:

    • Tariffs on Canada, Mexico, and China Could Start This Weekend: Trump’s second trade war has apparently arrived. There remains much uncertainty, but expect it to be costly.

    • Trump’s Pro-Growth, Anti-Trade Positions Are on a Collision Course

    • Trump’s Role Model McKinley Tariffed His Way to Imperialism

    • Trump’s ‘Big, Beautiful Bill’ Sets Up Another GOP Budget Showdown: Almost exactly one year after Congress swore off self-inflicted fiscal crises, we’re back to the same tired theatrics.

    • Why Is Paramount So Keen To Settle Trump’s Laughable Lawsuit Against CBS?

    • FlashMobOfOne@lemmy.world
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      15 hours ago

      Edit: Apparently they didn’t endorse anyone.

      The WSJ is pretty conservative. They probably endorsed Trump too, regardless of the fact that he stated, outright, he was going to do another dumbass trade war.

  • vastard@lemmynsfw.com
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    17 hours ago

    I’m hoping we soon hear several new trade announcements coming from NATO partners that will help us collectively reduce our reliance on authoritative governments of all stripes.