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Thread: Tariffs

  1. #46
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    Quote Originally Posted by CUDA View Post

    "We can be Knowledgeable with other men's knowledge, but we can't be wise with other men's wisdom"

    That is because wisdom isn't a body of information. It's the moral quality of knowing what you don't know and figuring out how to handle your ignorance, uncertainty, and

    limitations.
    you should have had quoted the whole thing from Mr Montaigne, not just he first line. haha.
    1973 Viper - sold
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    1995 XB02

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  3. #47
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    Quote Originally Posted by Shaun K View Post
    Hate ? I've seen you put up people's family photos here attempting to embarrass them because they simply disagree w you. You have some nerve. As far as Canada goes nobody has hatred of Canadians but rather a complete distain for their Woke Globalist policies from their resigned leader.

    And why do you post this knee jerk reaction crap here when you know there is a forum designated for it ?
    This!!!
    80plus percent of Canadians are demanding an election. Our likey future prime minister is very conservative.
    A large majority of the free world swayed woke, USA did, Italy, France, England, Germany and all are realizing the mistake. They are coming back to common sense where the majority rule. Not special interest minorities.
    2023 TUFF 25

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  5. #48
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    Who pays tariffs? I do, when I buy something that had duty owing when it crosses the border. I paid duty on some car parts this week. I bought them from a US supplier, but no surprise, the actual source was China. Some duty was owed. It’s the same for an individual in the US.


    At the industrial level, the tariffs are paid by the importer of record. My last employer had several factories in Mexico. The car companies picked up parts FOB at one factory in Toluca. Shipping costs were their problem. Tariffs if applicable would also be theirs. The car companies also picked up similar parts FOB at a warehouse in San Diego. These parts were assembled in Tijuana, and the importer of record was my former employer. In this case, a tariff would be paid by the supplier and not by the car company.

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  7. #49
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    Canada and the US have had free trade in the auto industry since 1965. In the previous year, the Maquiladora program began on the Mexican border. The Maquiladora program wasn’t really free trade. It was cheap labor for US companies. A US company would have a warehouse on the US side of the border. Components would be sent to a factory on the Mexican side, and then assemblies would be shipped back to the US. The companies could not ship the assemblies from the Mexican factory to customers in Mexico.


    Mexican manufacturing increased after NAFTA was signed in 1994. Ross Perot predicted the "giant sucking sound" as factories relocated from the US to Mexico. He was of course correct, and Canada lost a lot of factories as well.

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ID:	540105It’s quite possible that it is not possible to manufacture in the first world and to be competitive with 3rd world wages.

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  9. #50
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    The biggest beneficiary of the first Trump administrations tariffs may have been Vietnam. With the first tariffs on China, a lot of companies just moved production from China to Vietnam, instead of back to the US. Vietnam has a much greater trade surplus with the US than Canada does.


    Note that Canada is the US’s largest export market. Damaging the Canadian economy in an economic war will not increase US exports. Certainly the US can inflict more damage on Canada than vice versa, but to what end?

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    The US does run an trade deficit with Canada, but only because the US imports oil from Canada.

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  11. #51
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    The US has a service economy now. Manufacturing used to be over 30% of employment, but it’s down to 9 percent now

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    There are more workers now in health care than in manufacturing.

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    Going forward, is it possible to re-create a manufacturing economy? I doubt it. Would it make the US more prosperous? Not, if we use Germany as an example. The US is wealthier than Germany but does relatively less manufacturing. (Note that the share of manufacturing in GDP graph starts for Germany with re-unification. I don’t know how reunification is reflected in the GDP per capita data)

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  13. #52
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    You guys just don't get it... for president Trump, tariffs are like the shock collar people put on dogs they can't control. Tariffs in Trump world are meant to change the behavior of our trading partners.

    If you trade fairly, nobody will actually pay the tariff... if you wanna f*ck us around, you're gonna pay dearly. Trump's tariffs are meant to insure fair trade; not to generate revenue.

    Don't make it harder than it really is.

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  15. #53
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    Quote Originally Posted by David - WI View Post
    You guys just don't get it... for president Trump, tariffs are like the shock collar people put on dogs they can't control. Tariffs in Trump world are meant to change the behavior of our trading partners.

    If you trade fairly, nobody will actually pay the tariff... if you wanna f*ck us around, you're gonna pay dearly. Trump's tariffs are meant to insure fair trade; not to generate revenue.

    Don't make it harder than it really is.
    He also wants our boarders guarded and protected equally by the countries we are contiguous with (we all work together and keep the cats in the cage). Trump is an anti drug warrior similar to President Regan, unnecessary deaths are just that and need to be stopped by any means possible. Fentanyl attributes to roughly 250 deaths per day in the U.S. (absolutely mind boggling)...

    Joe

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    Guys we all want the same thing. Safe neighborhoods. Open, free markets driven by our own decisions not big gub’t. Drugs gone!!! And I mean gone! This Liberal experiment of allowing, heck even so far as enabling drug users was an abject failure and we need an about face on that pronto!

    Turf the commie DEI garbage out the window. Deport all the illegals. Toss the crooks in the slammer. Reduce taxation and red tape. Incentivize free markets. Turf subsidized nonsense. Reform all education especially colleges and those wing nuts. No more airy fairy nonsense. Let’s go!!!!
    Hydrostream dreamin

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  19. #55
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    I thought Trudeau resigned?
    -----------------------
    93 STV Mod VP/MERC 2.5 200
    -----
    The Bible is life's instruction manual.

    Proverbs 4:18-20

    " For a nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people."
    -- John F. Kennedy 1962

  20. #56
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    I think Canada and Mexico backed. down already. You leftists are pretty pitiful if you ask me.

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  22. #57
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    Quote Originally Posted by GaryConn View Post
    I think Canada and Mexico backed. down already. You leftists are pretty pitiful if you ask me.
    Canada made no changes, all boarder measures were in place at the end of the Biden administration. Fox News even reported it. Look it up.
    Mexico and Canada need to secure the boarders to prevent the flow of arms into our countries. Fentanyl flows from the US to Canada.
    The biggest issue is CHINA
    Last edited by RBT; 02-05-2025 at 07:45 AM.
    2023 TUFF 25

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  24. #58
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    Right now Canada should be looking to the quickest way to build infrastructure to the coasts/ ports for their crude/ industrial materials. Mexico is for sure looking to other markets for manufacturing. Nationalism is great. isolationism is not.

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  26. #59
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    Quote Originally Posted by David - WI View Post
    You guys just don't get it... for president Trump, tariffs are like the shock collar people put on dogs they can't control. Tariffs in Trump world are meant to change the behavior of our trading partners.

    If you trade fairly, nobody will actually pay the tariff... if you wanna f*ck us around, you're gonna pay dearly. Trump's tariffs are meant to insure fair trade; not to generate revenue.

    Don't make it harder than it really is.
    LOL, you would be shocked how much energy is going into trying to figure out what Mr Trump wants. Let's assume for this conversation that he is a rational actor and has a plan. That's not a universal sentiment here, but you probably think he is playing 3D chess and maybe he is. The following theories for Mr Trump's action are not my own, but are in discussion here.

    Premise 1: Canada does not trade fairly.

    This is clearly bogus. Canada does trade fairly with the US under NAFTA and there is an existing dispute resolving mechanism. Are there any open disputes? Nope. We are your largest export market and you have a manufactured goods trade surplus. Yes we subsidize a few things like agriculture. Who doesn't? The US was the biggest manufacturing subsidizer in the world for the last 4 years.

    Premise 2: It's about fentanyl

    Bugger all fentanyl crosses from the US to Canada.

    Premise 3: It's about migrants

    One of the advantages of Canada is that no one can get here except on a plane or from the US. We will never have the scale of migrants on the border that you do on the Mexican border

    Premise 4: It's a show of strength

    If Mr Trump treats his allies this harshly, his enemies will take notice.

    Premise 5: Mr Trump intends to annex Canada by weakening it with economic warfare

    This is unlikely to succeed, and therefore unlikely to be true, given that Mr Trump is a rational actor. He could certainly damage Canada's economy, but that won't drive us to beg to become a state. One state? We are barely one country. You'd never get the whole of Canada agreeing to be one state. And if somehow this was managed, it would not be a red state.

    Premise 5: It's about humiliation for fun, for Mr Trump and his base

    We can dismiss this as we have agreed that Mr Trump is a rational actor

    Premise 6: It's about Canada's lack of military spending

    If this is correct, Mr Trump is being quite opaque about it. He could make things simpler by saying spend X on defense and the economic war stops

    Premise 7: Mr Trump needs funds from tariffs to pay for extending/expanding tax cuts

    This might make sense. The tariffs are on the 3 largest suppliers to the US, not as noted above the 3 largest trade surplus countries. It would be a short term solution, as manufacturing would leave these countries for the US or Vietnam, or whatever other place is not on the tariff list.
    Last edited by David; 02-05-2025 at 12:56 PM.

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    David your missing one, that has layers. How much behind the scenes BS is going on? You know between say the parliamentarians and treason? How many? Who and where and to what end? What efforts is Trumps attacks towards correcting Canada’s path actually benefiting Canada?

    Then take a look at America interests. Last I checked it wasn’t Chinese companies flooding into America that was causing a problem is was alllllll that manufacturing business both practical and digital being outsourced to China and other nations all owned by American business men and corps that was causing the issues. Even worse on the practical side of things have you seen Chinas workforce? Do you realize they are basically finished? With the one child policy and the aging workforce they simply do not have the replacement cheap workforce to replace what they already have. Plus the children of Chinas growth won’t be so willing to work for the same pennies per day that the Mao crowd was. Many many factors happening behind the scenes that all play into strategy and all I can say is so far? Trump is making things happen. There has yet to be any harm done to Canadas economy and hopefully with continued efforts towards getting a firm grip on the migrant and drug issues there won’t be.


    Now imagine the stuff I didn’t mention. The personal relationships out there. Of which I have to say Trudeau has been terrible at. Who likes the guy? I can’t think of one nation who looks to Trudeau for advice or support. Compare that track record to Mulroney who accomplished much foreign influence and had the respect of Many. Let’s hope the next PM can do the same.

    like it or lump it things are changing and from what I can see? It’s for the better. Big time
    Hydrostream dreamin

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