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It’s a very predictable result to this antagonizing. Tariff too high for the market and the idiot will self-embargo himself out of inputs that grow food, fuel cars, and make goods.
And he wants more oil pipelines even as he goes.
The real problem is that Trump’s supporters don’t understand tariffs, and wouldn’t believe the explanation anyway because to them it just sounds like Orange Man Bad.
When the US imposes a tariff on Canada, importers of Canadian goods pay the tariff to the US government. To recover that cost they raise the prices they charge American customers. So Americans end up paying the tariff. The only damage it does to Canada is that the tariff could discourage US importers from buying certain goods from Canada if they can get them somewhere else without paying a tariff. That happens in some cases, but in others Canada is already the cheapest (or only) source of a high-demand item, so Americans will just pay the higher prices - the way they’re still paying jacked-up COVID prices for so many things, for example.
Millions of Americans, being too dumb or unwilling to grasp this, think these tariffs are Trump heroically saving them from the evils of foreigners who want to destroy their Freedom.
The areas where they overwhelmingly voted for the orange dumbass are in for a shock. Here is a list of the products that canda has put tariffs on.
Combined with a strong dollar that’s a huge blow to U.S. agriculture and manufacturing. FYI U.S. Agriculture is in the worst overall depression of the past 50 years. The strong dollar has basically has given the entire industry a beating.
Obviously it’s the deep liberal swamp state’s fault. Trump’s going to make Canada pay for it.
Just wait until our first harvest season without immigrants!
not to mention any potential compound tariffs on complex goods likes automobiles for example.
Prices skyrocket immensely.
The housing market is only going to get more expensive, etc.
By compound tariffs, do you mean extra tariff fees due to repeated trips across the border in the manufacturing process?
Ya. I watched the Doug Ford announcement, and he said parts can cross the Ontario border up to 8 times before making it into the vehicle or final product.
so $10 part -> $12.50 -> $15.625 -> $19.531 -> $24.414 -> $30.517 -> $38.146 -> $47.683 -> $59.60
So that $10 part from the first factory is now $59.60 and that’s before the fact that it probably increases in value at each step along the way to being refined into it’s final product.
Thats why he’s saying (as well as others) that they expect the factories on both sides to shut down within a couple weeks.
Edit: half of that if it’s a one way tariff where both sides didn’t put tariffs on the exact same items.
yeah, exactly. Complex manufacturing chains often ship things all over the place, if you’re crossing the border 2-3 times, that’s 2-3 times as many tariffs being charged. Which depending on what you’re doing, can be a lot of money.
The auto industry in particular is susceptible to this.
Millions of Americans, being too dumb or unwilling to grasp this
Reports from people who know him, Trump is one of these people. He clearly doesn’t understand the process.
“I’ve been in the room when it’s been explained to him, and he doesn’t understand it, but he likes tariffs,” Bolton said.
Tariffs, and other taxes, are not entirely passed to the consumer. The producers are also losing money because they’re selling less. Taxes are paid both by the consumer and the producers, the proportion on how much each part pay is unknown for me.
Let’s say a bottle of Canadian Maple Syrup is $5 before.
25% Tariff is $1.25
Let’s say the company makes $2 on each bottle before tariff. They really need to make $2 per bottle to cover expenses
So if a company still wants to make $2 a bottle still.
If they sell for $6.25 to try to cover the tariff (25% increase)
The tariff becomes $1.56
Instead of making $5, they would make $4.69.
Instead of $2, they would make $1.69
If they sold the bottle for $5, paid $1.25 tariff
They would make 75 cents
The number for $5 is $6.67
If the company sold the syrup bottle for $6.67. Payed $1.67 in tariff (25%). They would make $2.
Now, of course, they want to sell it for $6.67. Will people pay the increased price?
They can’t just keep selling them for $5 and make basically a 1/3 of their previous profit.
Prices have to go up. How much is up to the consumer.
If the consumer is willing to buy Official Canadian Maple Syrup 🍁 for $6.67. The consumer is paying the whole $1.67 tariff.
An interesting thing happens when people pay $8. The syrup company makes an extra $1, Government gets $2 tariff. It’s a win for everyone, but the consumer that lost $3. (Kind of scary if Trump gets a Maple Syrup company in Canada, goes around, ignores, or pays himself the tariff and sells a bottle for $5. Both are true Canadian Maple Syrup, it just has his name on it. Are you going to buy the $5 or the $8? Even if you buy the $8, he gets $2)
The consumer can’t win. Free economy is better.
~33% increase covers a 25% tariff
If the price settles at $6.
Company pays 50 cents
Consumer pays $1
Trump gets $1.50
Who even is in charge of the “tariff funds”?
Like people are happy with having to pay $1 to get the company to pay 50 cents? Like that’s a win?
Sad reality is Americans should not buy anything with a tariff. Paying a premium to help support Canada seems like a good thing but if everyone does it and everyone pays 33% more. The tariff funds makes out like a bandit all thanks to the consumers.
TL;DR: Company facing a 25% tariff will look to raise prices 33%. If they can they are fine or better. Consumers lose. I really like Vermont Maple Syrup
Would you mind changing “instead of making, they make” by some other precise verbs? Your explaination seems very interesting but, probably du to my poor english, I feel like you saying the same thing over and over while changing the numbers and I can’t grasp your explanation.
So if a company still wants to make $2 profit per bottle.
Company raises price to $6.25 to try to cover the tariff (25% increase)
The tariff becomes $1.56 ($6.25 × 25%)
Instead of selling for $5 price, they would sell it for $4.69 effectively ($6.25-$1.56)
Instead of making $2 profit, they would make $1.69 profit ($4.69-$3(production cost))
If they still sold the bottle for $5, paid $1.25 tariff
They would make 75 cents of profit ($5-$3(production cost)-$1.25(tariff))
I see. Since the tarif is proportionate to the final price, the final price needs even higher than the initial price times (1 + tarif) in order to keep the profit the same.
Starting Price / (1-Tariff %) = Final Price Needed to Break Even
$5 / (1-.25) =
5/.75 = $6.67
If an item was $5 and there was a 30% tariff
5 / (1-.30) = $7.14
If there was a 30% tariff and the syrup company wanted to keep same profit they would have to sell each bottle for $7.14.
$7.14 × .30 = $2.14
$7.14 - $2.14 = $5
No, because (1 + tariff) isn’t enough to keep up with the tariff because as the price goes up, the tariff also goes up.
Like in the example going from $5 to $6.25 (5 × (1+.25)). Would result in 31 cents less per bottle.
It needs to be ~33% more or $6.67 for the syrup company to keep the same profit with a 25% tariff.
Final Price × Tariff % = Tariff Amount
Final Price - Tariff Amount = Cost of Good Sold
Cost of Good Sold - Expenses = Profit
So if you need $2 profit
$2 = (Final Price - (Final Price × Tariff %)) - Expenses
$2 = (X - (X×.25)) - $3
$5 = X - .25X
$5 = .75X
X = $6.67
Formula would be
Profit = (Final Price - (Final Price × Tariff %)) - Expenses
Thanks !
Just tell them it’s a 25% sales tax.
Not to mention the “Governor Trudeau” extra-dumb.
God I hate politics-by-Twitter. I’m appalled that the US is turning into a fascist country, but I’m even more appalled by how pathetic, puerile and trashy our new fascist overlords are. At least Hitler dressed in Hugo Boss and made speeches that enthralled people: MAGA dresses like tramps, Steve Bannon-stylee and bullies other countries like kids on the playground.
Not to mention the “Governor Trudeau” extra-dumb.
Trudeau is probably above that, but it would be mildly amusing if he started calling Trump “comrade Trump” or maybe “vice-president Trump”
He called him “Donald” and republicans/maga are outraged!!! lol
We should all be calling him by his real name, “VP Krasnov”.
ETA: and “Murca” is now glorious “KRASNOVIA”
That shows clearly that these tariffs are there to distract (yes it they hurt Americans, Canadians and Mexicans, but he doesn’t care) to make media stop talking about Ukraine.
It is all to distract from the dismantling of any apparatus that could block his next attempt to stay in power forever.
This is all misdirection.
And ukraine is there to distract from tax cuts, and tax cuts and there to distract from the lost of medicare and the lost of medicare is there to distract from them stealing everything, etc etc
maybe, just maybe, they are just dumb and evil
Sony forget that the tax cuts actually increase taxes for most working class Americans by $3k a year.
I’m betting on more evil than dumb but I can be incredibly wrong.
Trump is dumb. Thiel, Miller, and Yarvin are evil.
There’s still a difference between the severity of some of these things.
With the right leadership America could undo tariffs or the anti-DEI stuff or even drastically redistribute that stolen wealth with the stroke of a pen. The damage to America’s alliances could be repaired over time, especially if they show broad commitment to reforming. These things suck and will hurt but are fixable.
You can’t sign a piece of paper to unfuck Ukraine, or restore gutted institutional knowledge or depose hereditary president-for-life Trump Jr.
The fact that they’re not even good at being evil somehow pisses me off even more at the whole situation
To be fair, the nazis were pretty fucking stupid too. The evil-cool, machine-like, storm trooper aesthetic they’re known for is cultivated, at least by a significant portion, by nazis overseas that wanted them to be likeable.
Some of it is cultural momentum, for sure. I also like Storm Troopers. But nazis really like Storm Troopers.
Yeah, I remember watching speeches by Hitler back when I was in school. I didn’t understand German so I didn’t know what he was saying, but I could at least appreciate that the Nazis knew how to project power and competence.
I always understood the fascist aesthetic to be something very macho, very serious-seeming, etc. I always thought the idea was that you had an incredibly charismatic strong-man leader who had all the answers. And, given that, I could understand how people could be taken in.
But, the MAGA aesthetic is so ugly. Their rhetoric is so unserious. Their leader is so old, fat and caked in orange makeup, and he sounds like an absolute moron. The people attending the rallies do comical things like wearing diapers. And yet, half the US looks at that and thinks: yeah, I’ll vote for them.
And then there’s Elon Musk. Every time he opens his mouth it’s less and less believable that anything he ever did was the result of skill or competence. Any time he talks about programming or system administration it’s clear he has no fucking clue what he’s talking about. When he talks about gaming he claims he’s one of the top players in the world, and yet it’s obvious he’s barely played the games involved. But, apparently Americans are so brainwashed that being rich means you’re “a genius”.
I hated George W. Bush, but at least I could understand how some people found his schtick endearing. I could understand how he harnessed people’s fear and hate and turned it into support for his “war on terrah”. But, with Trump my opinion of Americans has gone down to the lowest level ever. This is what works for you? Really??
I think this is Truth Social with is worse than Twitter somehow.
Twitter and Truth Social are two subtly different flavors of fascist excrement.
Truth Social - all Nazi all the time Xitter - Nazi friendly and “centrist” (closet Nazis)
No, Twitter is worse IMO. Truth social has always been a steaming pile of shit that non-fascists avoid. Twitter used to be viewed in a positive light and a lot of organizations and governments still use it as a communication medium - sometimes an exclusive communication medium.
Twitter used to be viewed in a positive light
It never was though. Studies always showed that it increase anxiety in the users. Hell, I’m trying to use Bsky to support artists trying to move away from twitter and the while it’s not too bad, the character limit is forcing me to simplify my thoughts to the point that they’re no longer specific enough not to create new conflict. Is this how twitter always was?
It depends on what you mean my positive light but generally I would say you’re wrong. Twitter had a dedicated fan base well into this decade and was where every business and personality had an account for a reason. Yes people knew of negative social media effecta but Twitter definitely had a fairly wide spread cult following.
where every business and personality had an account for a reason
to sell shit
Also, it seems weird to say a mainstream social media platform cult following.
it seems weird to say a mainstream social media platform cult following.
I agree the word choice is a bit odd. I meant in the sense that Twitter had a dedicated userbase that used it a lot and sort of glorified it. You weren’t talking with your friends or posting online, you were “Tweeting at your mutuals”. The most succinct way I could put it was “cult”, in the same sense that movies and TV have “cult” followings: a dedicated group that enjoys and bases some part of their personality around it.
“Cult following” refer to fanbases for obscure media, like Wraith or Ice Pirates. Star Wars does not have a Cult following.
Twitter was awesome pre-2015 then something happened…can’t quite figure out what brought a bunch of assholes to the platform…hmm…
And if you feel forced to simplify your thoughts to fit the character limit, you’re simply using the wrong service
Partially coincidental but
(Found this yesterday because the same organization mirrors the president’s “Truths”)
Mastodon limits to 500 by default. Alternatives like misskey and pleroma are usually 5k or unlimited
I considered Twitter as one of the horsemen of the apocalypse, and that was years before musk bought it.
Ok it’s starting to feel like a game now. Can we cause American hyperinflation by a targeted tariff feedback loop?
Or like the sort of thing a hostile foreign government might really want to have happen to the US…
Good thing we have agent Krasnov at the helm.
Just take something we import very little and slap a -200% tariff
-200%? The US government pays you 200% of what the import is worth?
Canada should add a 100% tariff on USA crude oil that we import (Canada import 0 I guess) and with trump reciprocal thinggy, automatically crude oil from Canada to USA would have a 100% tariff on it lol
Tbh, I’ve been pondering just how regulated organized market manipulation is nowadays. With the market going through “corrections” because of tariffs and the FCC being completely defanged, a large group of organized retail investors have the opportunity to get up to some pretty funny business.
If by “funny business” you mean raise prices on products that don’t actually have tariffs on them, then it’s a safe bet that yeah, there’s going to be some funny business.
No, because Canada’s economy will collapse long before the US economy if each side just keeps increasing tariffs. What Canada needs to do is make things cheaper for Canadians, not more expensive.
Take any law related to US intellectual property and decriminalize that.
Violating the copyright on Hollywood movies? Go for it. No charge.
Something you want to do is covered by a patent held by an American? Do it, you won’t be prosecuted.
Want to bypass DRM on a tractor, a printer, an iPhone, sell or give away tools to allow anybody else to do it? Feel free.
The biggest advantage of this approach is that if the US did the same thing with respect to Canadian IP, they’d have so much less to work with. The US has geared its economy towards producing IP, and then used trade deals to demand that other countries respect that IP or the US will put tariffs on their stuff. Well, clearly the US isn’t holding up its end of that bargain, so fuck 'em.
The only difference is we’re putting tariffs on things that we can source elsewhere vs the blanket tariffs from the states. But I agree we should also do all the IP stuff you mentioned.
OK Donnie
Yeah I mean… ok. Let’s just go up to 100% both ways. FAFO, Salting the Earth edition. Canada will still trade with Europe and Mexico.
Come on now, calling Trump the dumbest man on Earth is doing a great disservice to JD Vance who has put in an enormous amount of effort this last year to pip him at the post.
When you have a 25% tariff, additional tariffs really don’t matter.
Who’s he talking about? Was there a gubernatorial election I missed in one of the 50 states because a governor resigned? Was it Desantis? Please be Desantis!
This meme has never been more true. No other words needed.
I feel like it’s a miss without words - the most obvious interpretation would be that Trump and Trudeau are equivalent and that’s just false here - if you were intending that Trump is pointing at himself then that works but there are mirror memes that’d probably fit a bit better.
No matterhpw ypu look at it, it’s the same. Trump on Trump or Trump on Trudeau.
Don’t get it twisted, Trump is on a different level. However, Trudeau and U.S. Democrats being bad at governoring lead to extreme right-wing politics.
- Poor regulation on the housing markets
- Foreign interference harming the people
- Stagnant wages
- Relax regulation on the ultra wealthy
- No consequences on corruption
- Accountablilty on police/official abuse
- Little/under investment in public services
Shit, We can be here all day.
77,302,5802 U.S. Americans are not all racist. A lot of them got tired of being fucked nonstop by shit officials.
Canada is not immune to a Trump clone. Look at Germany’s election results. They might have their own Trump soon. 3-4 idiots like that and the world is a completely new place.
Germany’s election wasn’t a big dub for the AfD, the coalition formed for >50% and the rest don’t support their agenda.
And 77m people voting for a 6 time (soon to be 7) bankruptcy convicted felon does say something about their voters.
Is this real?
it’s drumpf and incredibly stupid, so my bet is on yes.
Later today, Lutnik (Trump aid), said that “we will meet Canada/Mexico half way on tariffs.”, with announcement tomorrow. So, maybe other direction.
Can’t wait for “ONE BILLION PERCENT TARIFF!!!” in 12 hours
Akin to Putin invading Ukraine, the tariffs aren’t a trade war, they’re a Stupid Economic Operation.
100%…hmmm. Yeah 200%!
Here’s what chat GPT has been trained to say:
