Trump signed executive order to place 25% tariff on Mexico and Canada, 10% tariff on China
Canadian Prime Minister Justin Trudeau announced that Canada would respond with 25% tariffs "against $155 billion worth of American goods."
Oh thank god everything has been way too cheap recently, thanks Mr president
According to the news, Americans are only going to be paying $1,000 more per person for their basic goods this year. It's a good thing most people aren't working paycheck to paycheck, have been receiving cost-of-living wages, and are not already in debt, right?
Probably closer to $300 for me, and that's a bargain price to pay for getting to see the empire crumble.
It's looking like I'm barely going to squeeze out paying off my final credit card balances soon. Idk what I'm gonna do once I have to start paying for health insurance and my federal student loans later this year
c'mon, collapse
This
Watching the United States President choke the economy to death in less than 100 days.
honestly the perfect way for america to go out. bumbling narcissist and former reality TV star is elected head oligarch by 80 million people who either see assholeness and cheap showmanship as endearing qualities and/or were just plain miseducated. said oligarch thinks he can bully the rest of the world into handing him free money for his pipe dream of reviving 1950s US dominance. ends up completely alienating allies satellite states as the dollar collapses and BRICS booms.
Guess we're doing accelerationism now
I am just a bystander, laughing yes, but watching nonetheless.
Accelerationism is not a vibe, it's a process, and there isn't a single group of organized Marxists in America that is voting for, participating in, or creating conditions for acceleration. It's being developed by reactionary forces and the Marxists are just vibing with it
The end of the fourth Reich draws near
If this lasts a while, it will be interesting how the Treatlerites respond. I've always imagined the US falling apart in like two weeks if it was under the same kind of embargo that the US subjects Cuba to. This won't be close to that, but I still expect some craziness.
Smoke em if ya got em! I'm out here staying stoned donating beans
lib status: owned
fridge status: empty
wife status: cheating on me
oh yeah, we do get tired of winning
i'm interested in seeing how people who voted for him are going to rationalize their support when the tariffs are pushed to consumers to cover. goods and services are going to increase in price and instead of it being due to a series of complicated events that the president is of course involved in it'll be directly Trump's fault. explain that away, please.
"because of woke"
“Well you see. Poor porky was facing competition and it scared him. Once when labor is free AND he has a full monopoly, THEN porky will probably feel safe and FINALLY let us lick his plate.
Because China
My money's on "Woke DEI corporations (controlled by Soros/Zuckerberg/The Jews more broadly) are trying to stop Trump by raising prices for no reason".
Biden's fault
DEI sweaty
This is very much a When Prophecy Fails scenario.
They'll do it by not understanding economics. I already tried to explain to one how this will raise prices, most I could get out of him was a "maybe". It's not maybe, it's about as basic as it gets.
They'll say it's Auntiefa or something's fault, idk
I have heard some chuds who admit it will raise prices in the short-term but say that in the long-term it will even out competition for local, good old American companies to come in and save the day and finally be competitive. Then we'll have more jobs. Same when we kick out the immigrants who are also stealing all our jobs.
But it excludes a bunch of considerations, like the fact that evil foreign companies didn't come in and steal our manufacturing jobs, it was given to them by porky. And they did it to pay people less. If it's in the US, pay will have to go up, which will increase costs to the consumer. Or, pay won't go up, so we'll have jobs but they won't be a livable wage.
But that probably won't happen anyway, because we just don't have the manufacturing capability here anymore. It will take decades to years to match all the things we import. Either way, the enemy is the capitalists here at home, not foreigners.
This is why we're seeing a bunch of the financial class pledging fealty to 45/47. There will be a split in the international elite as they try to wager what's going to happen. Some of them will bet on the US mechanisms and they will make suboptimal investments for patriotic reasons. Others will hedge. Figuring out where the hedges go is going to be part of our job.
Part of the reason for US lebensraum is allow for oppression of labor in Canada and Mexico and for destruction of those environments. This will allow a release valve for the professional managerial class in the USA, allowing them to manage the projects in Canada and Mexico without having to become laborers themselves. It also allows for the USA to create favorable conditions even for the breakaway elite to invest in Mexico and Canada instead of Asia.
The USA also has plenty of Keynseian options to make farm labor lucrative enough that crackers will do it. There's nothing stopping the government from doing that except maybe ideology, but I don't think they're rabid enough to let ideology cause a famine within a year of 45/47 getting reelected.
I think it's entirely possible to see an Italian fascism in the USA that starts to really solve economic issues for people couped with a German fascism that purges revolutionaries under the guise of purging refugees/immigrants. It's also possible that we get a German fascism that drives towards war with China, but that has to happen really soon according to intelligence and it likely won't get past Taiwan.
its the cost of re-establishing American Greatness. We are exceptional, and if the prices are too high maybe thats a personal failing of yours and maybe youre whats making America Woke
I love that he and his movement have been so rabidly anti-China particularly on the economics and he applied 250% more pain on Canada than China.
I mean, he's not wrong.
In the face of waning dominance of the dollar as the world currency, lacking options to sustain the dollars value in the global market, empire as a tool no longer viable, and alternatives to their Financialization schemes, and global sanctions driving a split in payment systems, the Hermit Kingdom known as the Burgerreich turns its economic policies inward, abandoning conquest of empire, imperialism, and third world Financialization, in favor of economic nationalism.
Which is very funny because we subsist almost entirely on imports.
The rulers of empire now believe the propaganda they feed to the proles.
We're going to go from worrying about the price of food to just being worried about its availability.
Does BRICS have an alternative payment system even? Not their own currency, just something that allows them to directly trade without ever using the $$$.
There was some talk last year about one but it sounds like that's not in the table. Still they won't be using swift out looks like either?
We're going to see a lot of economic activity domestically in the USA as part of this. It won't be enough to win. But it might be enough to convince the workers that things are improving. More people will get into laborious factory employment, more people will get into laborious field employement, and more people will get into gig employment to maintain the livelihoods of the others. It might actually look half way decent in a few years.
But it's never going to put the West on a trajectory to surpass China. So there will also be an element of a war drive, and a lot of that labor is going to go to industrialized munitions production. And that's going to require nationalism/patriotism, and that means culture war and domestic oppression.
Yeah I agree to an extent. I think the demands globally are going to change very soon. Our ability to sustain any form of conflict is going to be deeply hampered, to the point that I think any amount of rearmament that we engage with is going to be defensive in the truest sense. While we do that though, development in states we traditionally have subjugated will have advanced enough to become true contenders against our influence.
South America and Africa will rise in our absence, likely to be the next set of contender states. The middle east will likely go through a realignment as well. All with China leading the way. Our sanction regime will loose all its venom as different market avenues open. We've already seen decolonization begin in Africa, and I think with this and economic support through B&R, were going to see rapid and compressed development of the productive forces in Africa that might bypass capitalist accumulation and land right into socialist production.
This new diminished position on the world stage will leave us susceptible to meaningful sanctions and global market actions that will intensify class antagonism at home. Production at home especially industrial production will need to be accompanied with a massive deflationary period to justify reshoring our industrial labor power. Which could be what the goal is with the tariffs coming out of the whitehouse.
That amount of class conflict, open and unmasked, could backfire. How it backfires, who knows. How long all this plays out? Decades I'm sure.
Mom said it was my turn to raise inflation
Next 4 years or shorter lol no other meme required TBH.
I went back to this article. It's just pure gold every line.
They can take my Modelo from my cold dead hands
I need to go stock up on Molson's!!!
This is the first, and hopefully last, time that I see or hear that particular sentence.
Gonna relabel molsons export to molsons import
This made me want a chelada, specifically the pineapple one. Someone cashapp me $5 for beer I just got fired.
(this is a joke I can go beg a local bartender for free drinks)
My boss is scared of good coats skyrocketing despite us being Canadian. We aren't paying the tax. If it raises prices on American import, whatever, we don't get our food from there for the most part. Anything that isn't local is either from Italy cause Italian restaurant or from China cause that's where most garlic comes from. Maybe our lemons are american but I think that's all.
there is probably some increase on the cost of goods from transportation element because of gasoline price, iirc most of canada's oil is refined in america and canada buys it back from america - which means the tariff of oil will probably raise the prices of good as a secondary effect
Stock up, or start making and selling, “I did that” stickers
What about Denmark? Thought he was gonna tariff the Danes too
greenland is the tariff
boutta be paying a hundred bucks for a 20 piece lego set, shit's expensive enough as it is
I dont think he can without hitting the whole EU, and I think the strategy here is divide and conquer the satellite states, while increasing turning towards China.
I just don't even understand the logistics of how these will be collected/enforced.
I would have assumed this would take like a month to implement with guidance on how to collect, what party is expected to collect and when/how to remit, how to declare, etc.
I don't know shit about fuck when it comes to international whatever, but if I did cross border business, I would be scrambling for answers in a panic to be able to provide information to clients.
I don't have my own business or whatever, but I used to manage some and it is pretty crucial to be able to give straight answers to questions when clients/customers have them.
I'm wondering just how much routine critical shit we take for granted moves through or is otherwise supported by Mexico/Canada supply chains that are going to bottleneck. like medications, basic ingredients (rice, beans, tomatoes, etc), materials, energy services. I mean, fuck me, the easy Mex/Can relationship grants US buyers a ton of flexibility in seasonal agricultural products and it is currently the dead of winter.
legit thought this was just a bunch of blustery BS and did not believe they'd actually pull the trigger.so rapidly.
any time something crosses the border it already has paperwork submitted with the goods on the truck, the value, the country of origin, and classification (what kind of good it is) to determine the tax and duty due to be paid by the importing company. all they have to do is adjust the tariff rates in the computer system, so it will be collected as soon as these go into effect on Tuesday
Yup. It's already a part of the process. Nothing extra to add except start collecting on the new rates.
MCGA
We are currently in union negotiations. See if I can get pay increases to adjust for a policy induced 15% inflation.
Lmao
Why Canada though? I haven't been keeping up
trump says it is because canada is transporting fentanyl into us, but i guess it has to do with wanting to bring the manufacturing factories back to america or something
Kkklanada had it coming.
Donald please, do EU too
Is there any logic to this at all? Why are they punishing canada and mexico worse than china?
(I know in reality all of these only punish americans but ykwim)
Trump has been floating the idea that he wants to replace income tax with tariffs. The intention is that he wants to offload the tax burden of corporations onto the cost of living. Canada, Mexico, China are not paying the tariffs. US working people are paying the tariffs.
