25% Tariffs supposedly being watered down

ElQuintron · 2025-01-20T15:43:12+00:00

We had a pretty lively discussion on Tariffs; so we should probably continue them here: https://www.cbc.ca/news/politics/trump-tariffs-canada-first-day-1.7435957 Trump, who will be sworn in as president around noon on Monday, has been reviewing three options: a 25 per cent tariff on Canadian goods, a 10 per cent tariff on goods from all countries or an escalating tariff that starts low and rises over time, according to Canadian officials. A Trump administration official confirmed to Reuters that Trump will hold off for now and instead direct agencies in a memo to "investigate and remedy persistent trade deficits and address unfair trade and currency policies by other nations." The memo will single out China, Canada and Mexico for scrutiny but will not announce new tariffs, the official said. The Wall Street Journal was first to report Trump will stop short of imposing new tariffs on his first day in office, as Canada and other countries potentially caught in the cross hairs had feared. Canada is prepared to impose retaliatory tariffs on the U.S. if Trump moves ahead with trade action in the coming days. "It's not something that we want to do but we will do it in response, of course, if the Americans decide to do it," Finance Minister Dominic LeBlanc said in an interview with CBC's Rosemary Barton Live on Sunday. So there you have it, not so much Tariffs anymore, but the threat of Tariffs.

Thane_Bitter

So much for the age of Aquarius, it's the age of mean & stupid. Unfortunately while Ford is also cut from a similar cloth he's very much out stupided by the likes of Trump & his band of capitalists which would like to see the world burn for maximum profitability.

There is no reason for Trump to water down anything, reduction of scale is outside his understanding, he wants the maximum effect in order to leverage everything his way. So next week its better to assume the worst because it probably will be even greater than that.

Donoreo

taraf But he's also saying that it's going to be 60% against China,

But consumer prices will not rise. LOL!!

mrweather

That shiny new iPhone made by Foxconn will get hundreds of dollars more expensive!

AsherN

mrweather Tim will give him money to exclude Apple.

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