I'm starting to have trouble keeping track of all these tariffs -

China imposes retaliatory tariffs on Canadian farm and food products



China on Saturday announced retaliatory tariffs on some Canadian farm and food imports, after Canada imposed duties in October on Chinese-made electric vehicles and steel and aluminum products.

The new duties become effective March 20, according to a statement by the Customs Tariff Commission of the State Council. Additional 100% tariffs will be imposed on Canadian rapeseed oil, oil cakes and peas, and additional 25% tariffs will apply to pork and aquatic products.

The tariffs add to global trade tensions already high, with rounds of tariff announcements by the United States, China, Canada and Mexico.

The duties come in retaliation for Ottawa imposing tariffs against Chinese imports in October, including a 100% surtax on all Chinese-made EVs and 25% on steel and aluminum imports.

"Despite China's repeated opposition and dissuasion, Canada has taken unilateral restrictive measures on electric vehicles, steel, aluminum and other products imported from China without investigation, undermining China-Canada economic and trade relations," read the statement by the customs authorities.

https://apnews.com/article/china-canada-retaliatory-tariffs-agricultural-products-trade-d35f11cd9612b25283f202a8a59be859

Quote from: Oliver the Second on March 08, 2025, 12:39:41 PMI'm starting to have trouble keeping track of all these tariffs -

China imposes retaliatory tariffs on Canadian farm and food products



China on Saturday announced retaliatory tariffs on some Canadian farm and food imports, after Canada imposed duties in October on Chinese-made electric vehicles and steel and aluminum products.

The new duties become effective March 20, according to a statement by the Customs Tariff Commission of the State Council. Additional 100% tariffs will be imposed on Canadian rapeseed oil, oil cakes and peas, and additional 25% tariffs will apply to pork and aquatic products.

The tariffs add to global trade tensions already high, with rounds of tariff announcements by the United States, China, Canada and Mexico.

The duties come in retaliation for Ottawa imposing tariffs against Chinese imports in October, including a 100% surtax on all Chinese-made EVs and 25% on steel and aluminum imports.

"Despite China's repeated opposition and dissuasion, Canada has taken unilateral restrictive measures on electric vehicles, steel, aluminum and other products imported from China without investigation, undermining China-Canada economic and trade relations," read the statement by the customs authorities.

https://apnews.com/article/china-canada-retaliatory-tariffs-agricultural-products-trade-d35f11cd9612b25283f202a8a59be859

Screw China

I believe the dust will soon settle on the North American tariff drama.

I don't understand why Canadians are pissed about reciprocal tariffs.  I know some dairy farmers in Wisconsin who have been pissed for years about you motherfuckers tariffing the fuck out of your dairy.

Trump is just pointing out that we've been too nice and have been taken advantage of for far too long.

Quote from: Oliver the Second on March 08, 2025, 11:00:25 AMWhy can't Minnesota, Michigan and New York generate their own power?

Because every time they try to build a power plant the environmentalists throw a tantrum and the project gets cancelled.

Now those same environmentalists are whining about skyrocketing power bills.

You can't fix stupid.

They don't give 2 fucks about that.

It is impossible for tariffs to entirely replace income tax revenue. I read the administration would need something like fifty plus percent blanket tariffs on everything entering the country to make that happen. I haven't verified the numbers, but if true that would mean crippling the economy of the US and the world.

Carefully targetted tariffs on countries that do not have reciprocal free movement of goods can enhance Washington's revenue. But, it will never come close to replacing it.

DOGE is a much better way of generating revenue through savings. That will stimulate the economy. Steep broad based tariffs on countries like Canada will have the opposite effect.

Quote from: Reggie Essent on March 08, 2025, 09:47:43 PMI don't understand why Canadians are pissed about reciprocal tariffs.  I know some dairy farmers in Wisconsin who have been pissed for years about you motherfuckers tariffing the fuck out of your dairy.

Trump is just pointing out that we've been too nice and have been taken advantage of for far too long.

Fair enough. Dairy is protected in Canada because most of it is in Quebec.

But why put tariffs on Western Canadia Select that you are already getting for a bargain because progtards will not allow coastal pipelines to be built so we can diversify our markets.

Donald Trump said on March 9 that his tariff plan would likely impact the economy, describing it as a "transition period" that would ultimately benefit the country. "There is a period of transition because what we're doing is very big. We're bringing wealth back to America," Trump said in an interview with Maria Bartiromo, host of Fox News's "Sunday Morning Futures."

When asked about business leaders voicing concerns about the uncertainty and market volatility his tariff announcements have caused, Trump said that his focus remains on the future.

"Look, what I have to do is build a strong country. You can't really watch the stock market," he said. "What we're doing is we're building a tremendous foundation for the future." The president said his policies would bring down interest rates and energy prices, easing the burden on consumers and businesses.

Sorry Mr President, I have strong doubts that you can do what you claim.

Ontario premier Doug Ford announced that effective Monday his province is charging 25% more for electricity to 1.5 million Americans.

Ontario provides electricity to Minnesota, New York and Michigan.

Ford's office said the new market rules require any generator selling electricity to the U.S. to add a 25% surcharge to the U.S. Ontario's government expects it to generate revenue of $300,000 Canadian (US$208,000) to $400,000 Canadian (US$277,000) per day, "which will be used to support Ontario workers, families and businesses."

Trump trying to resurrect William McKinley is at odds with his Republican predecessors. Democrats too.

Quote from: DKG on March 10, 2025, 10:33:26 AMDonald Trump said on March 9 that his tariff plan would likely impact the economy, describing it as a "transition period" that would ultimately benefit the country. "There is a period of transition because what we're doing is very big. We're bringing wealth back to America," Trump said in an interview with Maria Bartiromo, host of Fox News's "Sunday Morning Futures."

When asked about business leaders voicing concerns about the uncertainty and market volatility his tariff announcements have caused, Trump said that his focus remains on the future.

"Look, what I have to do is build a strong country. You can't really watch the stock market," he said. "What we're doing is we're building a tremendous foundation for the future." The president said his policies would bring down interest rates and energy prices, easing the burden on consumers and businesses.

Sorry Mr President, I have strong doubts that you can do what you claim.

Great things are coming. Be patient.

Most of Trump's policies are so much better than Biden's. Trade included.

However, putting tariffs on every good of foreign origin is not one of them. Particularly with Canada and Mexico.

Trump wants growth. I hope he realizes soon this is not growth conducive.

Next week China imposes broad based high tariffs(some up to 100%) on Canada.

Quote from: The Donald on March 10, 2025, 05:00:43 PMGreat things are coming. Be patient.

Inflation and a recession are coming in the near term.