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Donald Trump just imposed a 25 percent tariff on virtually all goods produced by America’s two largest trading partners — Canada and Mexico. He simultaneously established a 20 percent across-the-board tariff on Chinese goods.

As a result, America’s average tariff level is now higher than at any time since the 1940s.

Meanwhile, China and Canada immediately retaliated against Trump’s duties, with the former imposing a 15 percent tariff on American agricultural products and the latter putting a 25 percent tariff on $30 billion of US goods. Mexico has vowed to mount retaliatory tariffs of its own.

This trade war could have far-reaching consequences. Trump’s tariffs have already triggered a stock market sell-off and cooling of manufacturing activity. And economists have estimated that the trade policy will cost the typical US household more than $1,200 a year, as the prices of myriad goods rise.

All this raises the question: Why has the US president chosen to upend trade relations on the North American continent? The stakes of this question are high, since it could determine how long Trump’s massive tariffs remain in effect. Unfortunately, the president himself does not seem to know the answer.

In recent weeks, Trump has provided five different — and contradictory — justifications for his tariffs on Mexico and Canada...

...more in the article.

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[-] notsoshaihulud@lemmy.world 76 points 1 day ago

All this raises the question: Why has the US president chosen to upend trade relations on the North American continent?

It's because the trade agreement trump's unhappy with was made by a raging moron.

[-] thejml@lemm.ee 65 points 1 day ago

For everyone else following along, the USMCA that was put in place after Trump renegotiated NAFTA in his first term… was made by Trump. So he’s unhappy with his own legacy. Which seems on brand for him, tbh.

[-] OutlierBlue@lemmy.ca 25 points 23 hours ago

At the time he was extremely proud of it. It was the best deal ever made.

[-] ryper@lemmy.ca 13 points 23 hours ago

Part of the agreement allows for a review next year and his complaints could have been addressed them, but apparently negotiated such a lousy deal he can't wait that long.

[-] SreudianFlip@sh.itjust.works 18 points 22 hours ago

They are tanking markets for both the fire sale bargains and to hurt the poor more, so they can direct the resulting anger towards projects like territorial expansion and government privatization.

[-] Benjaben@lemmy.world 11 points 21 hours ago

Thank you. Stated goals and actual goals for these people are always entirely independent, if they align it's just coincidence / convenience. People need to stop being so credible and debating this shit on its stated terms, fascists don't debate in good faith.

[-] thesohoriots@lemmy.world 25 points 1 day ago

The same moron who sunk casinos somehow

[-] grue@lemmy.world 5 points 16 hours ago

The secret ingredient is crime. The casinos were fronts for money laundering and "failed" on purpose as part of the scam.

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[-] NameTaken@lemmy.world 10 points 1 day ago

Hope that's sarcasm because the USMCA was signed and implemented by Trump

[-] lobut@lemmy.ca 6 points 23 hours ago

It's also because the rest of the people in charge (mainly Republicans) aren't doing anything to stop them. It also has to do with Americans being largely stupid.

Most republicans aren't going to do anything because if they go against Trump ... Trump will skewer them and they'll lose their seat because their voters are stupid too.

[-] CmdrShepard42@lemm.ee 2 points 18 hours ago

Must be that same idiot president of the Virgin Islands.

[-] meowmeowbeanz@sopuli.xyz 15 points 19 hours ago

Trump's 'beautiful' tariffs are just ugly taxes on consumers and businesses alike.

🐱

[-] sundrei@lemmy.sdf.org 29 points 21 hours ago

He had the idea to raise tariffs, and he believes all his ideas are really good, so he followed his own good advice and raised tariffs, dead simple.

[-] Yodan@lemm.ee 26 points 1 day ago

Because his only job now is to sign any papers handed to him by his posse of self enriching gremlins. He doesn't need anyone's vote anymore, he doesn't need anyone's money (except if it starts with a B) and doesn't care anymore because he will likely die in office. If he signs horrible shit billionaires around him want, then he gets to coast as president, no thinking involved. This is what he is doing.

[-] ininewcrow@lemmy.ca 18 points 1 day ago

Market manipulation .... upset the system .. make it dive ... buy cheap ... sell them high

Keep doing this for the next four years until you become king of the world!

[-] blazeknave@lemmy.world 8 points 21 hours ago

I don't get the $1200 #... If every component of my purchase goods is 25% higher to the manuf passed to me, shouldn't it be 25% of my annual spend?

[-] itslilith 8 points 21 hours ago

25% on top of the old price, for goods not produced domestically. Assuming that's all of them, that'd be 25% of your spend going towards products (Services are part of your spend, but don't get tariffed), indeed. But some things get produced in the US, so I imagine they factored that in there. For the average household, this seems to amount to about $1200/a

[-] PersnickityPenguin@lemm.ee 4 points 16 hours ago

Well until you buy a car. So that $40,000 suv is now $50,000

[-] DarkDarkHouse@lemmy.sdf.org 9 points 21 hours ago

Not arguing with you, just want to point out 25% is the new tax but that doesn’t mean the price is only going up 25%.

[-] anotherpurpleheathen 4 points 19 hours ago

Also Trump: Has anyone seen my tan spray? Sir, you left it in the fridge again. Here. That's not it, that's barbecue sauce!

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this post was submitted on 05 Mar 2025
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