469
submitted 2 months ago by MicroWave@lemmy.world to c/world@lemmy.world

Summary

Trump announced that 25% tariffs on imports from Canada and Mexico will take effect on February 1, though a decision on including oil remains pending.

He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.

Trump also hinted at new tariffs on China.

Canada and Mexico plan retaliatory measures while seeking to address U.S. concerns.

If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump's pledge to reduce living expenses.

you are viewing a single comment's thread
view the rest of the comments
[-] kreskin@lemmy.world 88 points 2 months ago

Its Americans trying to buy food who will be hit with a 25% tarriff, not Mexico. And Mexican farmers wont see a dime of that revenue, if anything they will see a decline in revenue as people stop buying the products. It all goes to the US treasury.

[-] protist@mander.xyz 36 points 2 months ago

I live in Texas, and it's hard to overstate how much of our produce is imported from Mexico. This would be an almost immediate 25% price hike on food that basically can't be grown at scale here because we don't have Mexico's climate. Surely he'd exempt food from whatever he's about to do. Right...?

[-] whostosay@lemmy.world 20 points 2 months ago* (last edited 2 months ago)

Will it benefit the average person? If the answer is yes, you can take it off the list.

Even if it benefits the rich, it would have to exponentially hurt the average American more for it to be considered. They've already turned their nose up at studies that have proven better working conditions, pay, and benefits would make them richer in the long run because it takes a little bit of control away from them. These people are sick, and the only thing that is going to correct it at this point is a violent uprising.

[-] wewbull@feddit.uk 2 points 2 months ago

What does Mexico export to the US that isn't a consumer good?

[-] whostosay@lemmy.world 2 points 2 months ago

https://jwmason.org/slackwire/what-exactly-does-the-us-buy-from-mexico/

This is a good list from a quick search, other search results states a lot of vehicles (in this case we'd be talking about vehicles for industry) agricultural (I didn't look far enough but it could be both produce which would be consumer, but it could also have some ag production products, and machinery, machinery probably being the largest non consumer good product depending on how much that agricultural divide is between consumer/industry.

Included in that list is oil, that would be non consumer, computers would be roughly the same split if not more than agricultural considering companies go through computers more than the average consumer. Computers is also a pretty broad tag so take that with a grain of salt.

Services and other seems kind of substantial, this is not my area at all, just relaying a search essentially, so that could go either way if included in the tariffs at all.

[-] wewbull@feddit.uk 1 points 2 months ago

Those things will still have impact on consumer prices though. Agricultural vehicles costing more will increase domestically produced food prices (didn't John Dear just move production there). Oil costing more increases transport costs on everything, but at least could be sourced from elsewhere.

I don't really see how exceptions could be made to protect consumers without undercutting the whole thing. I expect to be on everything or nothing.

[-] whostosay@lemmy.world 1 points 2 months ago

100% agreed.

Capitalism is designed to pass the buck to us. That's just how it works. It might take a little longer if it is through the production pipeline like the examples above, but it's still gonna fuck us.

[-] adarza@lemmy.ca 11 points 2 months ago

it's a 25% import tax paid by the importer. when their margins are added, and then the distributors' on top of their higher costs, at each step of the distribution chain.. it'll be a fair bit more than 'just' +25% once product reaches the store shelves.

[-] puntinoblue@lemmy.ml 6 points 2 months ago

I expect food would be exempt as you don't want an angry, hungry, volatile population. Bread and Circuses

[-] Pyr_Pressure@lemmy.ca 3 points 2 months ago

Whatever he exempts is specifically what Canada and Mexico should target for export tarriffs in retaliation.

[-] Roflmasterbigpimp@lemmy.world 3 points 2 months ago

I could see that they try to get away with just Circus, tho.

[-] Lumiluz@slrpnk.net 3 points 2 months ago

Nah, EU likes them avocados and fruit too, especially in winter.

Looking forward to cheaper maple syrup!

[-] M0oP0o@mander.xyz 2 points 2 months ago

"Fresh fruit in the wintertime, nothing is too good for my people"

this post was submitted on 31 Jan 2025
469 points (100.0% liked)

World News

45492 readers
2700 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS