Trump's across the board tariffs on Canada are mutually assured economic suicide

[Oliver the Second]

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

[Brent]

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

Screw China

[Thiel]

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

[Herman]

[Reggie Essent]

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.

[Shen Li]

Why 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.

[DKG]

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.