Trump hits cars made outside U.S. with 25% tariff in major blow to Canadian industry
Trump hits cars made outside U.S. with 25% tariff in major blow to Canadian industry - The Logic
The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
All is going according to plan.
A few months before trump got to sit on the throne I read Warren Buffet was slowly rebalancing his stocks into cash. Is this the reason? Did he/advisors possibly know what was coming up?
Wait wait wait. So not fentanyl then?
But the eggs!
This is a good thing. American consumers are going to feel their pain soon and one of two things will happen:
Your 2nd point doesn't really matter if Trump follows through with "elect me and you'll never have to vote again".
If those factories close down, Canadas demand doesn't dissapear, they will simply bring in Toyota or Honda to fill the factories and make domestic vehicles and cut out the US. Sure its some short term pain for Canada, but not the permanent pain the US is going to feel.
Demand for US goods worldwide is going to dry up and things are going to get really bad in America. It's just too bad Canada is so close to such an unstable neighbor, when the government falls it will be chaos.
I guess it's just another move to weaken all US automakers so Musk and Tesla can sneak in and buy them all up, or just take over their market share.
Probably will be made up for by fewer US made autos selling everywhere else. Also, of course this is pretty dumb since US manufacturers make cars elsewhere and Japanese manufacturers make cars in the US. As usual, too, someone who wasn't a destructive imbecile would realize it takes years to build manufacturing facilities and ramp the tariffs up over time. Plus, the incentive isn't really there since who knows if they tariffs will even be there by the time they could build US facilities. And oh, yes, I'm sure Elron had nothing to do with this.
Gee I wonder why the stock market just plunged again
Did it? I really can't wrap my head around trying to reconcile what the people who know about this stuff say and what the numbers on page seem to say. I'm just not smart enough. I know I'm not the brightest bulb in the box, but I've been trying to figure out the real impact of all this on the market and it honestly seems to be really minimal. Yes, it's trending down and recession seems likely and a couple days had really big drops this month - but it's nowhere near even its average, never mind its lows from the past 2 or 3 year periods. Just 3 years ago the market was at like 28,000 points. It doubled in 3 years and now that its shrinking a bit, that is a crisis? What do I not get?
This isn't so much the market "plummeting" as it looks like to me a massive bubble bursting that was based on nothing to begin with.
But then, I'm the guy who thinks "The Big Short" was a smart movie. I'll freely admit I'm a fucking moron who knows nothing about finance.
So I may have misspoke, and, I am also not smart enough to understand all of this, but I do understand one thing. Investments that track the stock market are supposed to grow. Usually about 7% a year. I invested in index funds back in september, at one point I saw it up by ~5% but now my balance is back down to ~2% from initial investment. At this point I would expect to reasonably be between those numbers. Given the instability we keep seeing, I'm not expecting nearly the ~7% growth per year that is normally a rule of thumb :'(
You aren't right about this. Surely you can read a line graph.... I have index funds that closely track the market as a whole and they are way down compared to even before the election.
Time to adopt the latest regulation standards and stop holding back just so Americans can cross this border
Honestly, EU regulations for vehicles are far safer for all involved. Adopting them in whole, even if it'll take time to implement them, would help greatly as well as opening new markets. Not to mention it'll block American cars from our market without having to rely on tariffs in the future.
This is exactly the perfect time to implement such regulations, and I hope the government will introduce laws about it once the election is over.
Canada seems very committed to other allies. Sure, go ahead and try to coordinate with them. Policies, coordinated, that should be announced today:
All US military purchases are paused.
Suspension of military cooperation including expulsion of US personel.
Punishing FDI into the US, with perhaps seizing assets of any related company in Canada.
Export tariffs on materials needed for auto industry
Immediate diplomacy with China, to join "delete America" program, and remove tariffs on Canada, more exports, and encourage FDI.
Threaten ROK, JPN, US with relations with DPRK.
Create Government US Export management agency for energy and Potash to ensure good prices, splitting proceeds with Provinces and exporting companies. After tariffs removed, proceeds will go to companies.
Better relations with Mexico including auto sector cooperation. Chinese ships may be needed/helpful for direct trade between our 2 nations. Mexico reorienting their industry to South American demand.
Stop being a rubber stamp for US led council of Americas evil. Better trade/relations with all of South/Central America.
Carney's plan for an all Canadian auto industry is reasonable. Carrots and sticks on industry is needed. Industry fighting back against US is critical. Canada's greater anger level is a big edge, and I/we won't mind significant resources devoted to ensuring auto industry survival. But OTOH, it is a very expensive subsidy for jobs that will be disappearing through automation anyway. 0 imports from US ever as punishment, and opening up to much cheaper cars from elsewhere is likely a better value for Canadians/economy, and a tactic to ensure auto industry commitment.
The basics are to act as if USA is already an enemy state to its colonies. Stop pretending that they will change their mind, because they always hated their slaves.
It seems like he really thinks automotive companies can just change their entire manufacturing process and/or find land and build new factories in a couple of weeks.