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submitted 17 hours 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.

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[-] MothmanDelorian@lemmy.world 16 points 4 hours ago

Great so now my food will cost even more?

[-] Snowclone@lemmy.world 8 points 51 minutes ago* (last edited 50 minutes ago)

WAY more. We import a lot of food from Mexico as is, and the immigration and ethnic clensing the Trump goverment is engaging in is already forcing farmers to watch their crops rot on the ground with no one to harvest them. So we're following in the great tradition of Stalin and Pol Pot, we have a dumb fucking asshole with a hard on for ''strong man tactics'' demanding we change how we get food in many extreme ways immediately, you know, instead of gradual change, so we'll all get to see what an artifical famine looks like! Do you think Trump will let other nations send us emergency rations so we won't die? Or will he confiscate them at a dock or border and have them dumped into the ocean so he doesn't look weak? North Korea knows.

[-] MothmanDelorian@lemmy.world 1 points 48 minutes ago

He’ll take them for his friends and family ao they don’t have to buy food

[-] stringere@sh.itjust.works 1 points 29 minutes ago

And sell the surplus to his billionaire cabinet to be resold to the less than poor while the poors starve.

I can't believe some people think that putting tariffs on a country means the country will just give the government 25% of everything and the merchants of that country are not just going to raise the prices to match the new expenses(or maybe even a little bit more since they have a good excuse to change prices).

I guess I can stand to eat a bit less, we can call it the economic collapse of the US diet! Just think of all the profits from the diet books! To bad they are going to cost 30% more now that my Mexican publisher is paying a tarrif to bring the books into the US. That's OK, spending more money on the book just means that you won't be able to afford as much food, making the diet work even better!

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

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