this post was submitted on 24 Jan 2025
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Summary

In a virtual speech at the World Economic Forum, Trump suggested Canada could become a U.S. state to avoid his proposed tariffs on imports.

The remark elicited gasps from the audience.

Trump claimed the U.S. does not need Canadian lumber, energy, or vehicles, vastly overstating the trade deficit between the two nations.

He reiterated his intention to impose tariffs, potentially as high as 25%, on imports from Canada and Mexico starting February 1.

Economists warn such tariffs would raise prices for U.S. consumers.

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[–] [email protected] 18 points 3 months ago (2 children)

Did someone brainwash this dude to annex other countries or something? Its like he wants to leave a legacy behind of being the first president in the modern age to expand America.

[–] [email protected] 13 points 3 months ago (1 children)

He’s an agent provocateur hired by the Russkis whether he knows it or not.

[–] [email protected] 8 points 3 months ago

The best puppet. Nobody takes a hand up the butt like me.

[–] [email protected] 12 points 3 months ago

Well, his idol annexed and invaded other countries, so obviously he should too!

[–] [email protected] 15 points 3 months ago

Over my dead body, eh you hoser, tabarnak!

[–] [email protected] 15 points 3 months ago

I bet he'll end up sprinkling in a handful of very specific exemptions. These are what we need to slap export taxes on. Doesn't need to be much, but match his 25%. At best it'll hammer them where they need it, at worst it'll keep things fair for all our exporters.

[–] [email protected] 15 points 3 months ago

We must strengthen NATO's defences against the aggressive USA and significantly improve border defences, lest they catch us with our pants down when the time comes.

[–] [email protected] 8 points 3 months ago (10 children)

Reminder that Tariffs dont work as a threat to other nations.

The selling price is the same for the seller, they already give the lowest price they can profit from because the modern era allows international distributors to find a demand anywhere, the buyers are the ones paying the import tax for the same goods.

If you were selling and then the buyer had a tariff you wouldn't just agree to take less money as a result.

[–] [email protected] 7 points 3 months ago (1 children)

That's not strictly true, they don't "pay the tariff" obviously but they do have to balance profit margin and lost sales. Tariffs are likely to decrease number of sales which does hurt their bottom line, the question then is if they just take a loss in sales, cut into their profit margins trying to lower the price to the US (very unlikely the margins are nearly enough for this to be viable let alone preferable) or increase prices further to offset the lower sales. Probably will be mostly the former with raw material type goods and mostly the latter with high end finished goods.

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