209
submitted 10 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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[-] hansolo@lemm.ee 15 points 2 hours ago

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

[-] Anamnesis@lemmy.world 27 points 5 hours 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 12 points 1 hour ago

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

That state sucks balls.

[-] Dogiedog64@lemmy.world 5 points 47 minutes 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...

[-] Zier@fedia.io 18 points 6 hours ago

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

[-] prodajvodapavel@aggregatet.org 34 points 7 hours ago

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

Translation: "We're going to artificially increase the prices of our competitors' products so the American ruling class can profit off of giving Americans a worse deal."

[-] T00l_shed@lemmy.world 6 points 1 hour ago

Yes, but i don't believe trump KNOWS that. Instead he's been told to do this.

[-] supersquirrel@sopuli.xyz 34 points 8 hours 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.

[-] prodajvodapavel@aggregatet.org 14 points 7 hours ago

It's not just the media that loves tariffs.

Plenty of regular, stupid people have been convinced that a worse deal is better if they're making someone domestic richer instead of someone foreign.

The domestic aristocracy doesn't care about America, or else they would take a hit to their profits to provide Americans a better deal.

[-] vividspecter@lemm.ee 19 points 6 hours ago

Plenty of regular, stupid people have been convinced that a worse deal is better if they’re making someone domestic richer instead of someone foreign.

No, regular people don't understand how tariffs work at all. They literally think that Canada, Mexico, and China are the ones that pay the tariffs.

[-] Hegar@fedia.io 70 points 10 hours 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.

[-] the_tab_key@lemmy.world 3 points 46 minutes 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

[-] prodajvodapavel@aggregatet.org 16 points 7 hours ago

but I’m sure it’s mostly just trying to destroy the the US’s relationship with it’s most important allies.

Close, but no cigar.

As usual, it's to make the American ruling class richer. That's all. Full-stop.

Let's stop distracting ourselves from it 🙂

[-] NoneOfUrBusiness@fedia.io 46 points 9 hours 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.

[-] Hobbes_Dent@lemmy.world 30 points 9 hours 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.

[-] xmunk@sh.itjust.works 92 points 10 hours 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 16 points 7 hours 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.

[-] kreskin@lemmy.world 51 points 10 hours 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.

[-] wisely@feddit.org 12 points 7 hours ago* (last edited 7 hours ago)

Yes and then it can be funneled into the pockets of the person who is calling for the tariffs.

It's weird that everyone is taking the premise of making america great again with tariffs seriously. The reason it doesn't make sense is because that's just a distraction to the fact that it's for personal profit like with everything else.

[-] protist@mander.xyz 18 points 9 hours 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...?

[-] puntinoblue@lemmy.ml 1 points 59 minutes ago

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

[-] adarza@lemmy.ca 4 points 6 hours 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.

[-] whostosay@lemmy.world 7 points 8 hours ago* (last edited 8 hours 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.

[-] prodajvodapavel@aggregatet.org 3 points 7 hours ago

Thank you.

Finally someone rational who understands that tariffs are horrible for the working class.

[-] KoboldCoterie@pawb.social 39 points 10 hours 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 21 points 9 hours 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

[-] Damionsipher@lemmy.world 4 points 8 hours ago

It might not matter weather or not he targets oil. We Canadians understand how important our energy supply is to the US and we're willing to cut that supply of as a bargaining tool. This is where the find out happens following the fucking around.

[-] KoboldCoterie@pawb.social 5 points 7 hours ago

I really hope you do. I hope everyone does, when Trump starts flexing at them. We (Americans) deserve every bit of hardship we get from this situation.

[-] labbbb2@thelemmy.club 11 points 10 hours ago* (last edited 10 hours 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 like people do in former USSR countries, 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 7 points 10 hours 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.

[-] labbbb2@thelemmy.club 2 points 9 hours ago* (last edited 8 hours ago)

Pitchforks at city hall? mean letters to white house interns? Protests that the news wont cover?

I don't promote violence though, and I understand what do you mean. I just said to people it as a fact that he acts like a typical narcissist will do, and it's unhealthy. You may have done the best you could, don't bother.

Stay strong.

[-] mvilain@fedia.io 6 points 10 hours 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.

[-] adarza@lemmy.ca 6 points 10 hours ago

exclude oil, and the u.s. has a trade surplus with their northern neighbor.

so leaving oil without the extra tax, then there is not even that flimsy concept of an excuse to have the tariffs in the first place.

[-] prodajvodapavel@aggregatet.org 3 points 7 hours ago

flimsy concept of an excuse to have the tariffs in the first place.

Gotta distract people while the ruling class robs them blind.

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

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