Making the case for 20% tariffs: Trump CEA Chair pick's economic views

[@johnroberts9922]

The last time the US had 20% blanket tariffs we slipped into the Great Depression. This is an incredibly bad idea.

[@NicholasVentura-ww7rq]

I agree. This coalition of in the peripheral cabinet is basically going to keep causing inflation while not resolve the debt issues at a micro and macro level putting us at risk for a crash perhaps not great but detrimental to our next decade nonetheless. Egg and the chicken, this time it's the egg. Is this about me picking Trader Joe's over MacDonald's? Probably that microcosmic knowing my gen.

[@thisguy73]

It will be over in 4 years, just be patient.

[@uhvman]

Smoot Hawley was the reason your parents had a great life. Free Trade is race t o slavery.

[@icontrolmyownguns2096]

It was the stock market crash of 1929 that caused the great depression. The banks weren't federally insured and people lost everything when there was a run on the banks.

[@garyoakham9723]

@@icontrolmyownguns2096read project 2025 one of its recommendation was the elimination of the fdic. No I’m not telling you to believe me. I’m telling you to read the entirety of the recommendations

[@jankrone511]

20 percent tariffs are a good idea if you want 10 percent Inflation back.

[@jeffheinzel1977]

lol higher tariffs good for economy is the stupidest thing I’ve ever heard

[@PacificCoastWayside]

Trump’s ideas make sense if you don’t think about it.

[@nixic_]

It ignores the reality of what will happen - it's pure hope and no reality

[@AKumar-co7oe]

I mean, it might be bad for consumption but might be good for employment.

[@dlukton]

What if higher tariffs were combined with lower taxes on income; and what if those tariffs resulted in more manufacturing being done in the US...?

[@JackCarsonite]

Homie didn't watch the video.

[@judithelaine9285]

I'm a 79 year old widow, on a fixed income. I'm not alone, lots if other seniors are in the same boat! So, your telling us that paying a tax on everything we buy is a good thing?? I'm not a college educated person, but, I sure know its going to hurt my budget! Shame on you so called money experts tor sanitizing this!

[@Bradgilliswhammyman]

blame everyone who voted for Trump.

[@willengel2458]

they thought we are thoroughly brainwashed and won't know any better.

[@punkagrrlzero]

I'm 54 and disabled. My income is a whopping $1300/month. I can't work at all. I am fkn terrified of what's happening.

[@Joe-ij6of]

This is not some suprise. He bloviated about this on the campaign trail CONSTANTLY. This is one of his few truly consistent policy positions, but his slate of appointees in the 45 era were potty trained republicans who kept the clown car on the tracks... doesn't look like that's happening this time ¯\_(ツ)_/¯

[@ziggyeciggy1890]

When trump tells you "we don't need canadian trees we got lots of "FIELDS" of trees" Reporter, you mean "forests" of trees. Trump: ,40% tariffs for you.!! 8')

[@thomasrogers9146]

I AM AN AMERICAN BUSINESS MAN A HOME BUILDER. I AS THE AMERICAN IS GOING TO HAVE TO PAY THAT TARIFFS. THIS WILL INCREASE THE OF COST OF MY HOMES AND AMERICANS ARE GOING TO PAY HIGHER PRICES . STOP LYING .

[@hillbillybeerdranker6678]

But alot of lumber industry workers in the US are losing jobs due to Canadian government subsidized lumber. We can't just let foreign countries ruin entire US industries to save all little money on building a house.

[@xxxxsha]

Why can’t you buy the product within your state?

[@xxxxsha]

There is not enough trees in US not just a tree the American lumber refineries are configured to process Canadian wood.

[@xxxxsha]

Canada is NOT china

[@captlazer5509]

Wood prices without multiple suppliers is going to go up to prices never seen before. Add natural disasters to the mix. 40%+ more $.

[@jamesknehler5527]

Canadian here. I think i can speak for many by saying canadians will stop vacationing invthe u.s. look for products made in our own country. Lastly hopefully we can start exporting oil to other countries and forget about sell ing next door. We need to start moving away from the U.S.

[@garyoakham9723]

What Canada needs to do is build stronger ties with non aggressive countries like China and Russia. Lots of the world depends on your oil and will pay fair market value.

[@captlazer5509]

​@@garyoakham9723Russia? Non-aggresive? Sure Vlad.

[@RoyChartier]

Producers will not take a 10% hit on their product, they'll just find other buyers...like China. Imposing tariffs is a national security issue, as you're pushing allies and trading partners away, in many cases, to your enemies.

[@gavinrussell8487]

Precisely this. They’d even be willing to drop prices for other nations to encourage picking up the slack in trade. This would simply result in a rapid decline for the US economy.

[@hillbillybeerdranker6678]

The problem with that idea is, China has high tariffs on everyone, and you won't be selling anything to them. I had an order of sunglasses from China that got rejected by US customs who sent the glasses back to China, and the Chinese supplier refused to take them back, telling me that the tariff on things coming from the US was too high for him to accept them back. He refunded me the money, but I'm done with China, and plan to start buying injection molders and making my own sunglasses in the US.

[@Bradgilliswhammyman]

Let me explain this.....Tariffs are passed onto the consumer. If imported widget A costs 10 dollars, and after Tariffs is now 18 dollars......the domestic version will cost 16 or 17 dollars. Domestic producers will not leave money on the table by greatly undercutting the foreign imports. So you have a 40 or 50 percent bump in price for domestic goods and a 60 percent increase in foreign imports.

[@brentchattin6081]

We saw that among small businesses in Trump's previous tariffs. Some small manufacturers expected higher prices on imported parts and supplies but found American made items also saw price increases. It's called gouging.

[@RodgerGrogan]

That's right!

[@hillbillybeerdranker6678]

We don't pay the tariffs though, because they are put on Canadian products. Canada will pay them or they won't sell anything here. If I'm a lumber retailer and my Canada lumber supplier's lumber suddenly has a 25% tariff, I'm not gonna be ordering a truckload of his lumber, I'll buy US lumber to put on my shelves, therefore consumers won't even have a chance to buy the higher priced Canadian lumber. The Canadian seller will think about it and decide it's better to make some money than none, so he'll lower his lumber price 25% to cover the tariff, then the lumber buyer will pay Trump the tariff. The buyer will pay the tariff, but it's really the Canadian seller paying the tariff by lowering his prices 25%.

[@ohnoitsemily1767]

@@hillbillybeerdranker6678 Tariffs are paid by the importer and collected by Customs. Sovereign nations cannot levy taxes against one another.

[@brunobembi5276]

if you threaten your allies, they become allies of your enemy, children

[@hillbillybeerdranker6678]

Canada has 20-30% tariffs on nearly all US products.

[@ohnoitsemily1767]

⁠@@hillbillybeerdranker6678 Hopefully you’re a bot. If not, where are you getting your information from??? American and Canadian politicians from across the political spectrum have spent decades creating reliance between our economies.

[@brunobembi5276]

@@hillbillybeerdranker6678 so if Canada has 20% tariffs, that means prices won't rise in the U.SA when there are 20% tariffs?

[@SeanGander]

Russia is watching the Greenland situation already in the news

[@dougwhiting7631]

@@hillbillybeerdranker6678 completely untrue

[@rancher6820]

The threat is if America throws Canada under the bus; who does Canada go to? Chna

[@mightyoaks9331]

The new trans-mountain pipeline allow allows Canada to have more oil go to Asian markets instead of the US. We likely need to add a third pipeline to send even more product to Japan and rest of Asia.

[@Rainy_Day12234]

10% of our GDP is exports.

[@mightyoaks9331]

@@Rainy_Day12234 For the US 10-11% of GDP is exports. For Canada around 1/3 of our GDP is exports.

[@lornes7526]

Yeah, absolutely. I don't buy branded anymore. Up here, Canadian Tire sells a Warn (American brand) 120v winch for 787$ CAD, I bought the exact same winch branded Badlands/ Harbor Freight for 147$ US. If I now have to pay tarrif and exchange, I might as well buy Vevor, which is as direct to China as one can get. If Harbor Freight sets up shop in Canada it'll also eliminate American companies like Warn from the Canadian market. GM trucks are so bad I almost wouldn't care to see all big 3 auto manufacturers take the door as well. What a majority of Americans don't realize is that China produces cheap crap, but they also produce some really good stuff as long as the consumer is willing to pay fair market value for it. Look no further than Iphones and Samsung Galaxy phones.

[@HarryGaye-y7h]

Trumps idea fuels it, What's the most effective strategy during this period of volatility with the rate cut? Most of my portfolio is in (20% Index funds, 20% CD's 30% Bonds/T-bills and other assets) I want to explore different strategies to benefit from a potential bubble.

[@TracyStarkd]

Adding META and NVDA are smart additions in my opinion. it's all about balancing your risk tolerance with your long-term goals. Partnering with a financial advisor can help streamline your strategy.

[@pentagon1985]

Absolutely! Wealth is made in bear markets. We aren’t in a bear market, but nibbling heavy red days has proven to be fruitful for me over 9 years of investing. I am at $2.25 mil. Biggest positions PLTR, TSLA, SCHD, NVDA, and now looking to build up DRGO alongside finding quality value/growth stocks to buy like TORM. I got $48k divs last year in taxable divs. Q2 taxable divs this year was $17,388 this year. Don't sell when the market is down. Having a skilled Financial counsellor that puts the time in to do in-depth research can be valuable in strategizing your portfolio.

[@greggorys]

Oh I've heard similar things about hiring an advisor. It's hard to choose one that's very good though. Could you make some useful recommendations? Enthused about investing for my eventual retirement.

[@pentagon1985]

The advisor I’m currently working with is Eva Diane Herald , came across her in a Bloomberg interview, we've worked for about five years now, and her performance has been consistently impressive, She’s quite known in her field, look her up.

[@greggorys]

Thanks for sharing, I searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, I reached out to her.

[@vladipp2850]

ridiculous contortionism to justify counterproductive and self-defeating tariffs

[@user-nn8no1uc9u]

i used to think maybe manifestation wasn’t real, or it just wasn’t for me. i watched all the videos, tried the techniques, but nothing happened. then i came across Vibrations of Manifestation by Alex Lane, and everything started to make sense. chapter 3 showed me how much my energy was holding me back, and once i shifted it, things started to fall into place.

[@fredericracine6323]

lol . Do you think guys that you will pay Canadian oil at 50% discount ?! WSJ is a joke

[@garryr002]

Canada would restrict energy supply till rational thinking returns.

[@RonL-y3v]

China will buy their oil.

[@brianarthur6199]

I almost couldn't get past the first minute. In what world will a $10 tariff will get you a $10 decrease in price from the supplier? Maybe if we are talking a 1 or 2 percent hit to profits. To expect any foreign company to let their margins suffer significantly is nuts. I expect higher prices, less trade, retaliation, anger and general chaos. Ramping up tariffs bit by bit, will not help. Good luck folks!

[@samuelmbowa6755]

Especially with low margin products from China

[@FarmToMarketRoad]

Tariffs are a tax on the poor to pay for tax cuts for the rich.

[@Spitts44]

That theory assumes that other developed countries will sacrifice themselves to support the US economy? 😅😅😅😅

[@Iloveallmsc]

Right! When I understood that, I nearly loss my continence from laughing 😂😂

[@deanportman1832]

Producers and factories in China and Canada and Mexico are already at rock bottom. They can't "eat" more reductions in price, and value reductions. We'll find out... If middle class Americans start to be forced to pay more for the endless consumer goods we get from China, things will turn angry quick. Plus, we get so much from China, it is going to have add on effects, and unforseen supply chain consequences. Large scale blanket tariffs are not a good idea. Why go through this uncertainty?

[@RodgerGrogan]

Because don trump is a idiot and his cult followers are just that -cult followers

[@lornes7526]

I work with a large Can-US manufacturer who has close to 50% of its plants in Canada and 50% in the US. All the plants make essentially the same product under different brand names. They will have no choice but to increase the prices on the US made goods to match the imported Canadian goods so they don't have price discrepancies in store. It would be something like Twizzlers black licorice being 20% more expensive than red because the black was made in Canada due to manufacturing system setup. That would never fly with the consumer, so you need to increase the price of the red to match the tarrifed black, and tell your customer it's inflation.

[@RandyReneau]

You got to think that Trump is dumb and stupid. Hoover did that and we got the Great Depression

[@hillbillybeerdranker6678]

But they say the stock market crash caused the great depression

[@RandyReneau]

@ I guess you need to learn history, one of reasons of the Great Depression was that Hoover put tariffs on. That with the stock market people buying stocks thought banks with only a small percentage put down. As the markets dropped things happened like margin calls. And people could not pay the banks back, people panic. Runs on banks destroying banking, people in debt to banks like homes and farms losing their properties because they couldn’t pay the loans. But one big was tariffs creating a snow ball effect. Trump is not an educated man, I read that he has people take his tests in college. He can hardly read with a mind of an eight year old. Hate and regret is all he knows. I have read about eight books on him and he’s a fake. He knows nothing, but he’s a great con man. He been involved with organized crime families, a racist, a psychopath, narcissist, cereal liar, and he and his minions will destroy what little democracy we have.

[@brentchattin6081]

He was tapped to have a post in the Trump administration because of the paper he wrote. Just like Bill Barr was appointed attorney general a few years ago because of an op-ed he wrote supporting Trump. So in order for this to work is for several unusual events working together in order for a 20% tariff to work. Including the very unlikely event that other nations will retaliate. But what is likely to happen is other nations will work on establishing a currency separate from the dollar so the US cannot use extortion in the future. After all, there are billions of people on earth and the US accounts for only about 340 million. The European Union has a larger population than the US. So basically the odds of tariffs not damaging the US and world economy is about the same as drawing to an inside straight. Considering Trump's history with casinos, I don't think it is safe to bet our economy on that happening.

[@luvdoc32]

Great video! I'm from Italy 🇮🇹....... I have to say that Robert Mateo is a real inspiration to me. Don't be offended. I started investing in cryptocurrencies like him, as a fearful investor who didn't want to lose money. I'm very happy to say that I'm now very profitable and bought my first house with cryptocurrencies. I'm very grateful for all the knowledge and information Robert Mateo has given me in the last months. I started in January 2024 with only $10,000 and today my portfolio is worth $352,000.

[@SomSony-y5b]

I heard about Mr. Tony Borden a while ago on another platform, not here on KZbin. Please how can I contact him? I am really tired of losing money trading 😔

[@luvdoc32]

HE IS MOSTLY ON TELEGRAMS, USING A USERNAME

[@luvdoc32]

He is active on Telegram

[@luvdoc32]

@Tonybtrader

[@luvdoc32]

@Tonybtrader🚀💬

[@ronwatkins5775]

What im worried about is tariffs on products which are not available in the US. Those costs will be passed on and there is nothing we can do about it. It's not economically feasible to produce certain products in the US vs China, even tariffs wouldn't increase the price high-enough to match what the US cost would be.

[@jimmycrackcorn99]

There have been exactly zero instances of tariffs not being passed through, for various and obvious basic reasons.

[@HoracetheSkyGod]

Tariffs are a tax on the middle class. Remember the Trump washing machine tariffs in 2019? They increased the price to the consumer by 34%, created some American jobs temporarily. However those jobs were offset by a cost to consumers of $850,000 per job created !

[@AntLovesChips]

"Domestically made" LOL. We DO NOT have diaspore, boehmite, and gibbsite which is used to make ALUMINUM. So any country that imports those ingredients to us will have control over all products that are Aluminum here which is car parts, HVAC, Hospital equipment, Window Frames, Cans, appliances, cooking utensils , electronics, power lines, etc.

[@deepblue523fl]

Higher costs and less efficiency is good for the economy according to Trump economics experts

[@stop_lying_to_me]

Donald Trump's trade wars with China resulted in a U.S. trade deficit of $679 billion. The U.S. economy shed 2.9 million jobs, including 1.4 million in manufacturing. 1,800 factories closed, and over 700,000 jobs were moved overseas. The inflation rate rose by 7.75% and the poverty rate rose to 11.4%. The wealth of the top 1% increased 32%.

[@Bradgilliswhammyman]

we literally paid farmers around 20 billion in welfare because China stopped buying their crops.

[@RealEstateTalk2]

Let me summarize this: "The wealth of the top 1% increased 32%."

[@hometownhero25]

Why be that guy? Oversimplifying the situation is just wrong. The COVID-19 pandemic played a massive role in global economic outcomes, not just in the U.S. Other countries, without any trade wars, faced similar deficits, factory closures, and job losses. This makes it clear that blaming the U.S.-China trade war alone for these issues is simply inaccurate. The evidence doesn’t support that claim-so again, why insist on pushing a narrative that doesn’t hold up?

[@jimgranite]

That last part is what they want.

[@danieldejong6382]

Canada will not show it's full power hand right now on the tariff threat from Trump. Canadians are not a people to double cross, we may forgive but we won't forget. Slowly but surely during this US administration, we should expand our trading partners.

[@23eourytbn82]

Making the case for taxing the peasants

[@MARR_2024]

The foreigners are NOT going to lower their prices/pay the tariffs! This is ridiculous 😂

[@batalibnyaqub]

Absolutely bonkers.

[@ernest5171]

🤣😂🤣😂🤣 if this wasn't so stupid it would be funny

[@michellejessup6618]

Have you heard trump wants to inact the 'national economic emergency declaration' for tariff... we are NOT in a 'national economic emergency'...it will be a miracle if America survives dump God help us not forsake us🙏🇺🇸🙏

[@lornes7526]

Don't forget, tarrifs are passed onto the consumer, and if they're revoked, the consumer isn't notified. Corporate just leaves prices high and takes advantage of increased profits.

[@KevinBaker-p9d]

Plutocrats gone wild

[@karenritcheydamon8009]

Anyone recall from history what the Smoot--Hawley Act did in the 1920s? Smdh.

[@thisguy73]

Books are banned in the new GOP. History is mostly fiction unless every chapter is about American exceptionalism. Thank you for playing.

[@Lak79ify]

If a monopolist wants access to a larger market, they reset their margin expectations. It’s a classic negotiation tactic deployed by Walmart to its suppliers.

[@robertwoodward3012]

Canada here, love you all in the USA, but dont mistake our kindness for weakness. If your gonna threaten us, and expect us to "kiss the ring of the king" you might want to count your fingers after, have a great day.

[@QuestoinEverything]

Firms will not “eat the cost” of tariffs and sell at thin to no profits. Firms will have no incentive to stay in business.

[@americanidle76]

If I have to pay 20% more for my scotch I’m going to be extremely unhappy.

[@johnhutchins5448]

Interesting comment at 1.24 but unlikely to be true. If you were a big enough buyer of a product to impose a price on your supplier then you would have already done that and the price would be at rock bottom. If then a tariff was to be imposed, and particularly at the large percentages being suggested, it seems to me to be very unlikely the supplier would reduce their price to you further by the amount of the tariff or they would then probably be selling to you at a big loss. I suggest the supplier would say that the tariff is imposed on you as the American importer and not on them and they would not reduce their price to absorb it and you need to pay it or get your supply elsewhere.

[@DavidYbarra-c4u]

What we need is 50% tariffs on all luxury items

[@krislegends]

What about the workers who make the luxury items?

[@DavidYbarra-c4u]

@krislegends 50% sales tax on luxury items

[@Russellviews]

Protective tariffs. import tariffs. Customs fees. Its much more complicated than what you think. As the worlds largest consumer we have many smart options for leverage.

[@headyhere]

I hope everyone has had a chance to foresee and stockpile the items they need for next couple years before tariffs

[@eckobrown7902]

This is great in some countries a new iPhone cost 5,000 USD because of their tariffs

[@dna1238]

How is the US carrying the burden when they the largest consumers , thats the deficit right there ?????

[@nixic_]

Ringling Bros level of contortionism

[@Teslawalter]

Tariff Canada? Guess what, other countries want Canadian oil, rare metals and lumber. We will not bow to a moron.

[@ElainEmail-m7q]

Who pays the tariffs? Can the experts explain the tariff calculations line by line, who pays what, and who receives what .... that can ease off the thousands of confusions and questions in everyone's mind.

[@Mr7Poz]

Bearing the burden of defense, what a joke, after spending trillions invading Afghanistan and Iraq.

[@sandorski56]

Tax Increases are a better idea.

[@cmac7384]

Panama and Honduras will have Chinese troops in their countries within a month. Tomorrows CPI will be the last boom for the market. Enjoy.

[@Universe.Singer]

Tariffs will be the next season of political correctness.

[@traderboi2662]

Death by a thousand cuts! 2% per month and no one will notice! 😂😢😂😢

[@brunobembi5276]

Smoot Hawley!

[@daviddraper5627]

Shouldn't they be rolling out Milton Friedman. Oh they olny do that when it suits them.

[@TheFenixmedia]

Remember we used to have some stores called “99 Cents Only” not too long ago? Well they are no more. And the rest of the so many other stores that were cheap with a “Dollar” sing on their logos? Well everything went down the drain since a bunch of tariffs were applied. Playing the same game is not going to change the rules, you showed your cards and is not going to work plain and simple.

[@SeanGander]

used to be 5 cents and dime stores before the dollar stores

[@jonnelson9760]

So is this guy, Miran, wealthy?

[@Rainy_Day12234]

Revenues pay down the debt.

[@renerodriguez2134]

🇲🇽 Mexico would like if terrafs would go up to 2000 % anyhow the American people would pay them. Not 🇲🇽 Mexico. There other countries that would buy the products. 😊

[@renerodriguez2134]

China is ready to move in. Oops

[@PREPFORIT]

trump has no clue how dumb an idea this is

[@RodgerGrogan]

Lmao,trump thinking strategically, that has got to be most ridiculous thing ive ever heard 😅

[@00J-Tone]

If we got 20% tariffs then why wouldnt we get less taxes? It would equal out at the very least. Its not tariffs and high taxes.

[@UnclePlaysBadly]

Tarriffs are effectively a tax - you will pay more via inflation.

[@00J-Tone]

@UnclePlaysBadly Maybe but it will have to be off something I choose to buy. It also doesn't mean prices will go up the same amount or at all.

[@UnclePlaysBadly]

@@00J-Tone The money we make off tariffs will be 100% paid by US businesses/consumers.

[@00J-Tone]

@ You dont know that. Many businesses will move back to the states. Many businesses will make cuts. And then there's our taxes being lowered. I'll ask you directly. Are we going to be better off or worse off?

[@UnclePlaysBadly]

@@00J-Tone Definitely worse off. It's not like we haven't tried across the board tariffs before.

[@karlbmiles]

Imagine washer/dryer sets at Home Depot, Bosch from Germany, Samsung from Korea, and Maytag from America, they are all competitively priced at $1,000. Now, imagine Trump puts a100% tariff on Korean goods. Democrats seem to think that the American consumer will continue to buy the Korean Samsung model at $2,000, bypassing the American-made Maytag model still at $1,000. I think I know American consumers enough to say NO, they won't, Americans will buy less expensive Maytag every time, and that's the point of placing tariffs on foreign goods.

[@vicentevaldez1696]

Korean will be more than happy to sell you their overprice eV battery

[@vladimirtsurkan4208]

Now imagine the electronic control board or any other components in any household appliances that are made exclusively abroad ... and imagine 20% tariffs on those components ... what do you think will happen to the prices of those appliances and Maytag washers and dryers in particular 😂😂😂 I'll give you a hint - Maytag will be happy to now sell you a washer for $1995 instead of pre tariffs $1000

[@mrloanagentman]

It still wouldn’t be the foreign exporters paying the tariffs it would be the importer….. dummy

[@rupes3618]

They are not

[@volfan2053]

Do we need to get Joe a CPAP? When he’s not on camera you can hear every breath he takes lol

[@jrgonzales2024]

Tax is always paid by the end consumer. You don't need a PhD to understand that!

[@JohnnySanjuan]

This guy is talking for only one person

[@KLG777]

I hope Canada doesn't bend, and your economy crashes, from a Canadian 🇨🇦

[@mrloanagentman]

Is it enough To make up for lost revenues from extending trumps expiring tax cuts ?

[@jeffheinzel1977]

New flash to this guest the foreign factory will only be able to eat a few percentage points. These products are generally low margin products for the exporter and the importer.

[@bronzeanzac1322]

Donald Trump doesn't have the balls to do it all at once.

[@UnclePlaysBadly]

He doesn't have the brains to know not to.

[@autodidactic-i2i]

You all voted for MAGA, so don't complain now

[@SanjiChury]

Brexit could be very beneficial for the UK economy, if high end consumers would have spent on luxurious and premium products & services.

[@Alex_Plante]

If the US levies a general tariff on imports, the rest of the world will do the same against the US. The US will be surrounded by a tariff wall. Furthermore, a tariff would drive up the value of the dollar, making US products even more difficult to export. US exports will collapse. Any company outside the US that makes products that compete with US products will be able to export to the whole rest of the world, which is over 3/4 of the world economy, whereas US manufacturers will be left with the US market, which is less than a quarter of the world economy.

[@icontrolmyownguns2096]

The thing is all of the countries Trump is putting tariffs on already have high tariffs on US products. Trump showed where Canada has 20-30% tariffs on nearly all US things. We've had ignorant past presidents that never fought back when countries tariffed our things. They already have tariffs on our things, so they have very little ammo to fire back with retaliatory tariffs.

[@Alex_Plante]

@@icontrolmyownguns2096 The average Canadian tariff on US imports is 1.4%. Most things have 0 tariff, just a few things like cheese are protected. Most countries protect their farmers because farmers have a disproportionate political influence. That's why the US federal govt subsidizes corn. In the eastern half of Canada most farmers are dairy farmers.

[@kennyz6271]

China's suppliers need us market indeed but u.s is not the only market for China.No body will run business without making profits. If Walmart to force the suppliers absorb the tariffs,the Chinese suppliers will reduce the cost from the raw materials suppliers then they will try to reduce the cost then you will get a much more mixed in with cheap materials for your products.

[@Calvin5150VH]

Did you notice Trump is doing things that he never campaigned on?

[@Russellviews]

That is good. The opposition will just tear it down.

[@joem0088]

Tariffs are useless. The US imposes tariff on countries X and Y so it trade deficit decreases with them but increases countries A, B, C ... America overall trade deficit keeps increasing. The only way is to decouple not just from China but the whole world or stop trading all together. Then you'll have no deficit. Can you do that ?

[@parklilys3108]

Economists could go either way depending on where they stand. When they become part of administrations, they can say anything they like even to sell their mothers to please their bosses.

[@SanjiChury]

All these trade agreements and cooperations help to produce mass low quality products & services. Basically, if you are big and strong, you don’t need any partners, who would take resources from you. You can trade with them without any agreements & cooperations, which limits your ability to grow and adjust in the dynamic environment, which requires a lot of energy & resources from yourself. That’s why the only right choice is You.

[@ThwartedTheGroveKeeper]

Anyone else hear the breathing in the background? lol

[@tedswirski2377]

This is the dumbest thing I have heard to date. This guy thinks companies are going to be able to absorb 10% it would be working for free or at a loss. Canada supplies inputs to the US not finished goods. Even oil a 70 dollar barrel of oil for 63 dollars! your nuts.

[@jasonmoser8957]

a lot of wishful thinking here. foreign countries are not going to take the knee here.

[@Calvin5150VH]

Just as well rip up the free trade agreement with Canada and Mexico. Trump also wants to renegotiate the free trade deal in 2026 why bother ? Us doesn't follow its free trade deals.

[@chasx7062]

The Don "Nero" Trump heheh

[@jonnelson9760]

Trump’s trying to get rid of his taxes.

[@dlukton]

Yeah, there's a lot of moving parts here; most critics of the tariffs are either liars or idiots; idiots in the sense that they have a very one-dimensional view of the effects of the tariffs.

[@UnclePlaysBadly]

In other words, tariffs and their consequences are complicated so we should trust Orange Julius because he's a genius.

[@dlukton]

@UnclePlaysBadly that's not what I'm saying at all.

[@UnclePlaysBadly]

@@dlukton That's exactly what you're saying. You are calling the critics of tariffs "liars or idiots" -- that pretty much leaves trump and his toadies.

[@dlukton]

@UnclePlaysBadly people who say that tariffs are NECESSARILY bad.... regardless of how they're applied.... are indeed idiots.

[@UnclePlaysBadly]

@@dlukton I think it's fair to say that across-the-board tariffs are a bad idea.

[@vladimirtsurkan4208]

So you take idiotic ideas (tariffs) of the demented stinker and try to make at least some sense of it? Hilarious 😂😂😂

[@manwiththoughts]

Dont have to cut USA off oil, just make discount rate on oil, ILLEGAL, thet must pay world pricing. at present USA buys our oil at a discount, discount rate is $14.50 x 4,000,000 barrels a day or $58,000,000 a day... OIL compaines will just have to say to refineries , sorry cant sell you then, its illegal,They will pay!, no choice or lose 16% of their oil supply . Canada looses, as well short term, but long term... will force Canada to build more pipelines and sell a starved energy world, Short term pain for long term gain

[@hillbillybeerdranker6678]

15% of our cars are made in Mexico, 20% are made in Canada. If a 25% tariff is put on these cars, all you have to do is buy a US made car. Chevy trucks are made in Mexico and the US and right now they both sell for the same price. GM just makes more profit on the Mexican truck. The thing is, GM won't pay a 10,000 dollar tariff to get the Mexican truck into the US to sell, they'll just return the manufacturing to the US to avoid the tariff.

[@vladimirtsurkan4208]

I am wondering if all the electronic stuff and other components going into a modern car are also magically produced in the USA?

[@SeanGander]

cost will be passed on to the consumer the wage difference between American Auto workers and Mexicans too great and moving production to USA would be time consuming and costly ....I worked for BUDD company a long established American company that made a diverse range of products wheels , truck Frames , auto parts etc now in Mexico at the time their worker were getting about $20;00 a day and ours on piece work between $250 and 300 a day do the math .

[@hillbillybeerdranker6678]

@@vladimirtsurkan4208 They will be when the car company has to pay a tariff to get them into the US from foreign countries.

[@hillbillybeerdranker6678]

@@SeanGander Mexican workers assembling Chevy trucks are paid 2 dollars an hour while US auto workers making the same truck are paid 42 an hour. It costs 120 in Mexican labor and 2500 in US labor to assemble the same truck, but they both sell for the same price in the US. When a truck is selling for 80,000 dollars, and a 20,000 dollar tariff is put on it coming into the US to Mexico, GM will return production to the US and close the Mexican plant. 120 minus 20,000 = 19,880, this is what it will cost GM to keep making those trucks in Mexico. The 2500 labor in the US is alot less than 19,880 to have it made in Mexico. Lets say GM continues to make trucks in Mexico and just passes on the 20,000 dollar tariff on an 80,000 dollar truck. Nobody is gonna pay 100,000 for a truck, when they can buy a US made truck cheaper. The consumer won't be paying the tariffs unless someone is stoopid and wants to pay 20,000 more for a truck. There are probably a few Democrats that will do it though.

[@deanemberley2333]

😂 wow you are stupid

[@usntheboy1]

Thank God Trump won!

[@readyready-u8j]

Yeah bring back the bleach and uv light! He’s a genius

[@usntheboy1]

@readyready-u8j Just 2 weeks to slow the curve

[@usntheboy1]

@readyready-u8j Biden was so bad, Trump won the popular vote.

[@jonnelson9760]

Are you wealthy?

[@rickai9945]

Yeah, trump will let you keep your little 2 to 3% tax cut while he takes back 20% with his tariffs. What a great deal, right?!

[@Joe-ij6of]

Burdened? we're so "burdened" that we have the highest PER CAPITA INCOME of any economy that isn't a tax haven, single resource based, or switzerland? aAnd with 335 m population to boot? LOL. The author they're talking about will be the craziest clown in the clown car for sure.

[@marymcnabb7149]

Felon isn't very bright...so said his Mother, Mary. "I hope he doesn't go into Politics. He lacks common sense".

[@prakashraut3718]

i was just like you, watching videos and reading posts about manifestation, wondering why it wasn’t working for me. i tried everything-affirmations, visualization, the whole deal-but nothing changed. then i came across Vibrations of Manifestation by Alex Lane, and it all started making sense. chapter 3 opened my eyes to the energy i was putting out, and that shift was life-changing.

[@ranashilshil7372]

if you’re here scrolling, wondering why manifesting hasn’t worked for you, trust me, i was in the same spot. i felt stuck, like no matter how hard i tried, things wouldn’t move forward. then i read Vibrations of Manifestation by Alex Lane, and it broke everything down in a way that clicked. chapter 3 especially changed how i approach my goals-it’s worth every word.

[@onesavedvoice]

Let’s see. I think a lot of people are missing the strategy of tariffs.

[@justinmiller1118]

At least tariffs are good for revenue. We need to reduce our national debt.

[@UnclePlaysBadly]

Yes, we should put a tax on that relatively spares the rich instead of putting one on the rich. We need it to pay our debt which is largely due to cutting taxes on the rich in the first place.

[@Huysaigon12]

❤

[@SanjiChury]

These tariffs are very good thing for upper end consumers. The most important they must spend on premium & luxurious products and services, which has a margin, which helps to create well paid jobs with proper benefits. Of course, those who would like to see mass employment won’t like this idea, but the number of well paid jobs and high quality products & services are always limited. Slowly the number of well paid jobs would grow up. And social inequality would persist. P.S. America got rich and successful because of social inequality, which pushed people to eager more and work harder, without social inequality and competition the society would stuck in mass employment & unemployment. What is a point to work more and harder when your salary is so low?

[@ogkillingpunchline]

This kind of rhetoric in a place like the U.S., where intelligence is limited, is dangerous.