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.

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[-] xmunk@sh.itjust.works 171 points 2 months ago

If oil is excluded the truly boss move on Canada & Mexico's part would just be to introduce a 25% export premium on those products while the tariffs are in effect.

[-] Someone@lemmy.ca 44 points 2 months ago

Exactly, clearly they'll still pay for it if it's important enough to exempt. In Canada's case we could give Alberta the extra revenue just so they won't get too cranky.

[-] r0ertel@lemmy.world 37 points 2 months ago

Canada's boss move is to remove the intellectual property laws that the US asked for and let Canadian companies and consumers thrive again.

Canada shouldn't retaliate with US tariffs

[-] emeralddawn45@discuss.tchncs.de 19 points 2 months ago

This would be beautiful. I remember when there were mod-chip stores beside internet cafes, where i could bring my xbox and pay to have a chip and a hard drive installed that let me copy any game i wanted from a rented disk or downloaded off the internet right onto the console. I still have that console and pulled it out during quarantine to make use of the huge library of games on the hard drive. Having this sort of freedom for all types of goods and electronics would be incredible, but i doubt it will ever happen.

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[-] Anamnesis@lemmy.world 118 points 2 months ago

A friend of mine works for an electric semi truck company. The vast majority of their parts are manufactured in Canada and Mexico; they're just assembled in the US. His mom voted for Trump and really wants him to move back to Ohio so he can have space and be close to family. He wanted to go back, too, and had a transfer and promotion within the company set up before the election. Now there's a company-wide freeze and his transfer is gone. The company's internal financial projections are not good.

His mom refuses to recognize that she just voted for her son to stay in Seattle indefinitely, even though he wants to move back. She keeps thinking that any day now, the economy will be so booming that his company will be doing great. He can't talk to her about it anymore.

[-] TransplantedSconie@lemm.ee 81 points 2 months ago

Why the fuck would you want to go back to Ohio?

That state sucks balls.

[-] Dogiedog64@lemmy.world 21 points 2 months ago

I have been to Ohio exactly ONCE, and I can confirm that the state does in fact suck balls. It's so fucking FLAT...

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[-] Bytemeister@lemmy.world 16 points 2 months ago

Has the second best CoL/MedianSalary ratio in the US. Ironically, the only state I saw that was consistently better was Michigan.

Plus we have Hocking Hills, which pretty consistently showed up on r/earthporn. If you want flat, we've got flat. If you want hills and mountains, we've got Appalachia.

[-] captainlezbian@lemmy.world 15 points 2 months ago

Yeah but any time the state does anything good by ballot initiative the state government does something regressive out of spite

[-] UltraGiGaGigantic@lemmy.ml 11 points 2 months ago

Nice try Ohio

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[-] captainlezbian@lemmy.world 15 points 2 months ago* (last edited 2 months ago)

Can confirm am leaving it to move to Seattle funnily enough

For real though, aspects of Ohio are awesome. Republicans ruined it though

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[-] Hegar@fedia.io 113 points 2 months ago

Part of me thinks this is so they have an easy way to drop prices after people get used to everything costing more, but I'm sure it's mostly just trying to destroy the the US's relationship with it's most important allies.

[-] NoneOfUrBusiness@fedia.io 76 points 2 months ago

Part of me thinks this is so they have an easy way to drop prices after people get used to everything costing more

This is a technique commonly employed by Sisi in Egypt so while it'd be surprising that America sunk that low that quickly I can see it happening. And by the way, yes America is now being compared to Egypt out of all countries so... Uh... Good luck.

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[-] Hobbes_Dent@lemmy.world 51 points 2 months ago

It’s already destroyed.

Not by him, his threats and tariffs are old news. By the people - The People, the royal We - who actively, unironically and with great power of democracy, chose an aggressive, compromised, and stupid fascist with ample evidence that this, hate, and war were a consequence.

Because the hate and apathy was stronger I guess. For electing a woman. For people being bullied by a juvenile government wielding adult violence for who they aren’t - a cis white right male.

They went to the dark side and joined a tri-polar world of evils to bully and rape the rest of us until we all burn to death. So yeah.

Never again.

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[-] the_tab_key@lemmy.world 22 points 2 months ago

Part of me thinks this is so they have an easy way to drop prices after people get used to everything costing more

Trump is running the US the same way I ran my cities in SimCity2000

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[-] 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.

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[-] 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.

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[-] supersquirrel@sopuli.xyz 64 points 2 months ago

I can't wait for mainstream business media to attempt to explain this rationally while keeping a straight face AND still bootlicking at the same time.

I don't envy that job.

[-] hansolo@lemm.ee 59 points 2 months ago

Lol, do it, bitch. Bet you'll chicken out of this one too.

[-] KoboldCoterie@pawb.social 58 points 2 months ago

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

Does anyone honestly think Trump meant anything he said while he was campaigning? It was obviously all just saying what people wanted to hear. He basically said as much himself. Pretending otherwise is just legitimizing lies and propaganda.

[-] LadyMeow 32 points 2 months ago

Yes, he meant several things while campaigning. Like destroying trans peoples lives, freeing nazis, and punishing those who deigned to attempt to hold him accountable for his many crimes. Oh also for destroying climate protections, deporting brown people, shall I go on? All the things like lowering prices? No absolutely not. That would benefit regular Americans and not hurt minorities, so it doesn’t make the list

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[-] stevedice@sh.itjust.works 49 points 2 months ago

Someone make this into that Gru meme:

  1. Slap a 25% tarrif on goods coming from your 3 biggest economic allies
  2. Economy will strengthen due to American consumers preferring American made alternatives
  3. There are no American made alternatives
  4. There are no American made alternatives
[-] Zier@fedia.io 45 points 2 months ago

I was going to give up eating this year anyway. Food just takes too long to buy, cook & eat.

[-] MothmanDelorian@lemmy.world 41 points 2 months ago

Great so now my food will cost even more?

[-] Snowclone@lemmy.world 52 points 2 months ago* (last edited 2 months 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.

[-] rocket_dragon@lemmy.dbzer0.com 15 points 2 months ago

We also export a hell of a lot of soybeans, so when retaliatory tariffs kick in I guess our new ultra-masculine conservative government is going to have us all eating lots and lots of soy.

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[-] mycelium_underground@lemmy.world 20 points 2 months ago

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!

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[-] x00z@lemmy.world 24 points 2 months ago

Just like the war on drugs, you'll be able to buy black market tacos in alleys.

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[-] werefreeatlast@lemmy.world 18 points 2 months ago

I love how old the orange asshole looks in the photos. Hopefully things just work out in our favor soon. It could be a permanent sleep or maybe a nice golf ball to the forehead or choked on a pretzel. I think we should probably place some ...legal... Bets on how it all goes down? It shouldn't that that long. I remember when my Grandma looked like that and we buried her a few months later.

[-] Bosht@lemmy.world 10 points 2 months ago

Man have you seen him speak? I don't know what concoction of drugs he is on or if he's just showing his age but he's definitely not the rager he was 5 years ago. Seems tired and much less coherant. Makes me optimistic he might be in mental decline more than I theorized previously. But if we go by the 'asshole' rule he'll outlive most of the Senate just out of stubbornness and hatred. We definitely need a quick solution.

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[-] labbbb2@thelemmy.club 18 points 2 months ago* (last edited 1 month ago)

What an idiot he is.

Plot twist: Trump is just looking to see if the Americans can stand up for themselves. If they remain silent and do nothing, he will continue to tighten the screws.

P.S. Need to take out a loan for Trump passport at 146% APR, lol

[-] kreskin@lemmy.world 12 points 2 months ago

I'm not sure what to do though. Pitchforks at city hall? mean letters to white house interns? Protests that the news wont cover? I live in one of the bluest states there is.

We certainly cant count on the Corporatist dems doing much of anything, except if there is any pushback they will try to use it as a photo op while contributing no support to it at all.

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[-] inclementimmigrant@lemmy.world 16 points 2 months ago

May the American people enjoy the fruits of their voting and sitting on their asses.

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[-] buzz86us@lemmy.world 10 points 2 months ago

This massively violates the USMCA that he signed

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[-] mvilain@fedia.io 10 points 2 months ago

I read a post on Mastodon from someone in Ontario Canada that was proposing shutting off all export of oil and electricity to the US. The thing that made me doubt this was they were also calling for impeaching 45 (again!). That would leave Vance which scares me even more.

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

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