Miscellaneous News

sdkan

New Member
Registered Member
I can't understand why so much fuss for the tariffs, at the end of the day there is no immediate alternatives to Canada, Mexico and China products. People in the US are going to have to pay more whatever they like it or not. There will be a bit of a reduction in consumption due higher prices but you can't tariff necessity so for at least for a couple of years the volume of products from Canada, Mexico and China will stay more or less the same.

Trump wants to bring manufacturing back to America
 

Iracundus

New Member
Registered Member
One usually don't consider one's neighbour deploying combat troops on your border to be a concession, but hey Americans are special.

Stock market tanked and Trump panicked, it's pretty simple.
I did not expect him to capitulate this easily and quickly though, the entire world is watching and he just humiliated himself...

He's just going to claim Mexico buckled and knelt down to him, then preen and strut around like a peacock claiming he won. That's effectively what he did with the wall.

However I don't think Canada nor Mexico should give him even the pretense of appearing to win, as that would just reinforce his extortionist behavior.
 

proelite

Junior Member
Outside the usual purchases promises. Why would the Chinese invest in US batteries. They aren’t allowed to sell Chinese EVs. They aren’t allowed to manufacture their vehicles there either. Their investments will be robbed when Congress gets paranoid. Is this person hoping that Trump can force China to give up their IP on batteries to Reichsleiter Elon Musk?
China can give up all their IP to the US and the US will not be able to do anything with it. I'm not worried about Congress robbing investments, I'm more worried about manufacturing investments in the US being equivalent to lighting money on fire.
 

Serb

Junior Member
Registered Member
China can give you up all their IP to the US and the US will not be able to do anything with it.

Americans can't even do anything with their own IP. Instead, megacorps just hoard them so the competition can't emerge and they can continue to rent seek. That's why you see such a humongous mismatch between the R&D, papers, patents, claimed, and real-life results.
 

tokenanalyst

Brigadier
Registered Member
Trump wants to bring manufacturing back to America
US Manufacturers need materials and machinery. People tend to forget that the US is also an exporter and the market outside the US is bigger than the US market. "Made In USA" means nothing for people outside the US if is not priced reasonable enough.

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iewgnem

Junior Member
Registered Member
He's just going to claim Mexico buckled and knelt down to him, then preen and strut around like a peacock claiming he won. That's effectively what he did with the wall.

However I don't think Canada nor Mexico should give him even the pretense of appearing to win, as that would just reinforce his extortionist behavior.
I mean, you can't stop someone from claiming credit for making the sky blue.

Practically, even ignoring how Meixco already have troops near the border or that they're already suppose to prevent drug trafficking, Trump removed the tariffs immediately without waiting for Mexico to do anything, the entire world just saw his bluff gets called and will act accordingly regardless what he claims.
 

FriedButter

Colonel
Registered Member
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Trump wants U.S. banks in Canada, he says after speaking with Trudeau​

Mr. Trump, meanwhile, is making fresh demands for Ottawa to allow American banks greater latitude to operate in Canada, following the first of two phone calls scheduled with Mr. Trudeau on Monday.

“Canada’s doesn’t even allow U.S. Banks to open or do business there. What’s that all about?” Mr. Trump wrote on Truth Social Monday morning.

So the new demand is that Canada must deregulate the banks to allow US banks to enter because they refuse to meet the tighter Canadian regulations.
 

FriedButter

Colonel
Registered Member
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White House says Canada has 'misunderstood' tariff order as a trade war, Mexico is 'serious'​

WASHINGTON, Feb 3 (Reuters) - The White House said on Monday it has noticed that Mexico is "serious" about President Donald Trump's executive order on tariffs, but Canada has "misunderstood" it to be a trade war between the neighboring countries.

Trump on Saturday ordered sweeping tariffs on goods from Mexico, Canada and China, demanding they stanch the flow of fentanyl and illegal immigrants into the U.S., kicking off a trade war that could dent global growth and stoke inflation.

"The good news is that in our conversations over the weekend, one of the things we've noticed is that Mexicans are very, very serious about doing what President Trump said," Kevin Hassett, the director of the White House's National Economic Council, said on CNBC.

"Canadians appear to have misunderstood the plain language of the executive order and they're interpreting it as a trade war," Hassett added.

When asked what Canada and Mexico must do to lift the 25% tariffs that Trump announced on Saturday, the president told reporters on Sunday they "have to balance out their trade, number one."

"They've got to stop people from pouring into our country ... they have to stop people pouring in, and we have to stop fentanyl. And that includes China," said Trump, who announced an additional 10% tariff on Chinese goods.

The president also said the tariffs against the three largest U.S. trading partners, which take effect on Tuesday, might cause Americans some short-term pain, but "long term, the United States has been ripped off by virtually every country in the world."

Trump also indicated on Sunday that the 27-nation European Union would be next in the firing line, but he did not say when.

Hassett, when asked if Trump's policies will create more inflation, said one needs to look at all of the president's policies together. "I think this is going to be one of the biggest supply-side positive shocks that we've ever seen," he said.

The NEC director also said Trump will ultimately decide "what he's going to call off and what he's not" in terms of tariffs.
 
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