Paying High Prices is Patriotic
We’ll see what the S&P 500 has to say about that tomorrow.
This isn’t to say I know for sure what the stock market will do. But I think your post shows us the real Trump.
I think he is flailing because NO ONE is saying the tariffs are “fantastic” except for his sycophants.
2020: Trump negotiates the “Best deal ever” trade deal with Canada and Mexico.
2025: “This trade deal is terrible! They are taking advantage of us!”
I’d guess it’s even simpler; I’d guess he’s just saying this to see what Canada will offer him — which, as you said, could be support on the Greenland thing, but maybe it’ll be something else, or two something elses; he doesn’t need to know; he doesn’t need to have a plan besides ‘see what they offer in response.’ At that, everything he’s said about Greenland could likewise be him putting stuff out there just to see what offer he’ll get in response.
What Northern Piper said.
If the Trump administration imposes a tariff on imported goods, then domestic producers of those goods can also raise their prices without worrying about being undersold. And because they’re not paying the tariff, the money from those raised prices will be all profit.
Sure but businesses can pass on the increased costs by raising their prices. The people who ultimately end up paying are the customers because they’re just buying goods; they are the final link in the chain so they can’t pass on the costs to the next guy.
Finally have gotten the chance to catch up a bit here (after this bonkers day) after so stupidly cross-posting this in other threads waaaaay after the fact that this thread was started, long before. AND being somewhat content-free posting, so, for here, instead:
Nah, just a bit under 77,300,000 of you.
I’d wager alot of Trump voters just simply voted for “YEEEEEEEEEE-HAAAAAW!”
Very much this. I wouldn’t be overly surprised if the stock market takes a hit, the bastard tries to back out of the tariffs with some “whatevs” handwaving shrug, followed by some shiny object catching his attention.
Putting a bit of stock into this. We may need all the help we can get. (and vise-versa?)
Not doubting this for a nanosecond.
Those scumbag financiers to get those truckers doing blockades, are, I’m sure, afoot.
Bannon must be orgasming right now.
Despite this whole awfulness riling up his Canadian, I’ve appreciated the empathy shown by you American dopers, here in this thread - taking the edge off things a bit.
They are paying the tariff on what they import as inputs to their product.
The elimination of tariffs between North American nations was a big success that integrated the three economies. I wonder if anyone knows how hard it will be to undo that. We’ll find out soon.
Trump didn’t do this to help big business. Big business is against it. Trump did it because he actually believes in mercantilism (whether or not he knows the word).
Those 77,300,000 are defining us for the rest of the world. 
He is very likely being manipulated.
There are signs the stock markets will be down tomorrow due to the tariffs:
Evidence is highly limited and conjectural. But Noah Smith points out that Trump’s crypto offering is tailor made for tricky-to-prosecute bribery. Trump controls the bulk of the stock of crypto. A bad actor can pump up its price with a relatively small investment, in the millions. Trump launders the funds by selling his crypto on the market to 3rd party middlemen.
The stock market could make a difference I think. Trump seems to care about that. He could reverse himself and call the resulting agreement the best deal ever.
As for tax cuts, his zillionaire tax cuts weren’t especially popular in the last go-around. Also, stimulus won’t reverse a supply shock: there’s an inherent tradeoff between lower output and higher inflation. On top of that, if car manufacturers are as integrated as we think they are, there could be shutdowns of entire plants. According to a Forbes article, automotive spending is 3% of the economy, which is huge.
The twist for @Little_Nemo, is that while some companies will enjoy windfalls (eg US potash miners), others will get hit hard (those buying lots of raw materials and intermediate goods from Canada and Mexico). The real advantage for Trump is that he’ll be able to arbitrarily award import exemptions for oligarchs that play nice with him. Like he did last time. More room for graft.
Noah Smith walks through some of the economics:
Some initial reactions today:
Interesting image of the three Raptor players exchanging glances. I assume they’re Americans, since most of the Raptors are Americans.
Another article mentions that the anthem singer was a young woman. After she finished, the booing stopped and the crowd gave her a cheer, which was a nice touch to reassure her it wasn’t her singing.
Nope, not a stereotype, there is solid evidence for that. Just look at the guy you chose to represent you on the international stage.
A stereotype doesn’t have to be completely baseless, the election of this… creature reinforces the stereotype yes, but it’s a stereotype nonetheless, as in, not all americans are complete idiots, just a majority of their voting public, something I can relate to, being in a similar situation.
On the other hand, Americans complaining about the stereotype only have their own countrymen to blame.
More serious impact: steel slowdown in Hamilton.
Trump and the US are causing Canadian workers to lose salary and maybe jobs.
We will remember the damage the US is causing to Canada.
I really hope Canadians understand it is the fuckwad president the US currently has and not the US people that is the problem. Personally, as an American, I love Canada. I love Canadians. And I think the US president is a moron. I say that in no small part wanting to leave the mess America has become and retire in Canada (not to sponge off your health care but to ditch the mess the US is becoming). Although, I really do like Canada and the people there.
ETA: I get half the people in the US voted for the idiot. But that still leaves the other half who didn’t.
There is some useful analysis by the left wing economist Sam Gindin here that outlines the issues and fissures we face. Gindin was the economist for the Canadian Autoworkers when it broke from its American “parent” in the 1980s and has long warned about being too integrated into the American empire.
He does not offer any easy solutions, though. Part of the problem is many Canadian businesses and politicians are only too happy to be in the American orbit. They have no interest in real Canadian independence, only in easy access to the US market.
It seems like that’s what the international community took away from Trump’s first term. Now although half the country still hates his brand of politics, it is completely normalized in our political system and countries should look at every deal they make with us as though someone like Trump is going to come in and wreck it. The rest of the world is going to have to figure out how to rely on each other and not us in the future.
And I hope you understand that it is not the American people that we are dealing with but with the American government. A government that has shown now that it is, at best, an unreliable partner that can not be counted on. Hopefully this will be remembered by all Canadians.