- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
Trump announced that 25% tariffs on imports from Canada and Mexico will take effect on February 1, though a decision on including oil remains pending.
He justified the move by citing undocumented migration, fentanyl trafficking, and trade deficits.
Trump also hinted at new tariffs on China.
Canada and Mexico plan retaliatory measures while seeking to address U.S. concerns.
If oil imports are taxed, it could raise costs for businesses and consumers, potentially contradicting Trump’s pledge to reduce living expenses.
Part of me thinks this is so they have an easy way to drop prices after people get used to everything costing more, but I’m sure it’s mostly just trying to destroy the the US’s relationship with it’s most important allies.
Even if they do, I expect that businesses won’t drop their prices much. If the consumers have gotten used to it, it’s free money for the business. Same with the supply chain issue pricing from COVID.
This is a technique commonly employed by Sisi in Egypt so while it’d be surprising that America sunk that low that quickly I can see it happening. And by the way, yes America is now being compared to Egypt out of all countries so… Uh… Good luck.
I’ve compared to Afghanistan many times.
It’s already destroyed.
Not by him, his threats and tariffs are old news. By the people - The People, the royal We - who actively, unironically and with great power of democracy, chose an aggressive, compromised, and stupid fascist with ample evidence that this, hate, and war were a consequence.
Because the hate and apathy was stronger I guess. For electing a woman. For people being bullied by a juvenile government wielding adult violence for who they aren’t - a cis white right male.
They went to the dark side and joined a tri-polar world of evils to bully and rape the rest of us until we all burn to death. So yeah.
Never again.
Optimistic
Removed by mod
Its very possible to enrich corrupt elites without taking an axe to the US’s strategic position. That would be preferable for securing the wealth of the ruling class in the future.
Of course they want to make the rich richer, but this level of systemic destruction isn’t the most efficient way to do that. The damage is clearly part of the goal.
Yes. But not for a very stupid easily manipulated “businessman”.
Trump is running the US the same way I ran my cities in SimCity2000
“Oooh it’s December, time to raise taxes to 20%. Ok January again, lowering taxes to 0%. The people love me!”