Like the plates? So only 50% on Chinet?
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In the case of Trump, he behaves like the head of a family company trying to extract concessions by using its leverage over the competition. There is no real strategy beyond that at this point so every individual country will get a different set of demands based on Trump and his feelings on the matter at the time.
That might work for smaller countries but its dead on arrival with China.
Its looking increasingly clear at this point that Trump has a fundamental misunderstanding of how to deal with China.
What he is doing now basically guarantees that China will not back down with their latest rare earth export restrictions because it would be a loss of face for Xi and the party.
What he should have done is gotten more countries onboard so that a concerted global effort vis-a-vis China yielded sustainable long-term results.
Instead, the US is increasingly internationally isolated, trade has started to divert around the US, and China is now filling the aid gap around the world with Russia that the US just created as well.
And now we also have a situation where China is about to get a lot more belligerent when combining trade and resources with Russia and India, which will likely spell trouble later on as those countries decide to start trying to absorb new territories (Taiwan, Ukraine, Kashmir etc). I posit its just a matter of time before that starts happening.
US Farmers are going to pay a very high price for Trump’s antics.
US taxpayers. When the shutdown ends, it’s probable that there will be a sloppily-worded bailout, directed at the owners of farmland, rather than the farmers themselves.
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Yep, there will be a cash bailout.
These farmers say (kind of predictably) that won’t be enough. They want stable markets.
But, “Would that change your vote?”
“Well, all farmers are different, right? They voted for different candidates for different reasons.”
For example, I’ve read that farmers were really upset with the EPA regarding the Waters of the US act. Trump’s pick, Lee Zeldin, was quick to deliver good news back in March
Only half of what Argentina got.
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Shades of Brexit schadenfreude here…
Manufacturing jobs are about to be slashed to cut costs.
$7bn tariff hit and counting.
So much winning. I’m not sure I can handle it.
My Facebook feed has been sending me a number of posts with people being upset with massive UPS charges for small things people are buying off Etsy, Pinterest(?), and various other platforms. I’m curious if this blowback has electoral consequences. Maybe not as violent as the Nepal protests about social media being cutoff. But people love their highly niche stuff and Trump has effectively blocked them by getting rid of the de minimus exemption.
Ontario paying for ads at republicans of Reagan saying tariffs don’t work.
https://www.cbc.ca/news/canada/toronto/ont-tariff-ads-9.6938434
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Big win for Trump tariffs as Stellantis is moving 3,000+ future jobs from Ontario to Illinois.
Time for Canada to seriously rethink the future nature of its auto industry before spending $ billions to try to keep production here. Many cars purchased in Canada are imported from US. Meanwhile our Trump-encouraged tariffs of 100% on Chinese car imports are killing major exports to China of our agricultural products due to their retaliatory tariffs.
https://www.cbc.ca/news/canada/toronto/politicians-react-stellantis-move-brampton-plant-9.6939122
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It’s going to be interesting to see how it plays out.
How many jobs are affected in Canada?
And what locations (as in are they in marginal seats)
That will probably determine how fast this all goes.
What are the options for Canada when its population is 15% of the US? If you want to build cars at some reasonable scale, is a population of 40-45M enough to support domestic production? Maybe for a few of the most popular models, but without access to the US market everything else is going to be a challenge.
I guess your point is just that though, its not feasible to chase this and just accept cars should be produced elsewhere, and then deal with the logistics of how to get them to Canada form the best trading partners, trying to leave the US out of that altogether.
South Korea has a population of 52 million (not much more than Canada) and is one of the world’s leading EV manufacturers. Perhaps EVs may end up being easier to manufacture than ICE vehicles as they have less moving parts.
This is the way I am leaning, since protecting automobile manufacturing jobs in Canada is expensive and tariffs hurt the consumer and other industries.
I agree. Manufacturing is dead, it’s over, get over it. Unfortunately too much impetus behind auto manufacturing for the country to take that pill easily. It’s going to be a struggle to move that dial.
I’ve said it before, I’d love a $15K Chinese EV. Spend some money retraining the auto industry. Or have the chinese build them in Canada and charge $30K or something.
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It’s the decision Australia went with not that long ago.
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The 1965 Auto Pact with the US is the reason automobile manufacturing in Canada survived. A open Canada-US market was critical to its subsequent survival. Trump has made it clear that automobiles are going to be built in the USA rather than Canada and his tariffs will accomplish that as long as the US remains a closed market to other countries’ cars. US consumers will pay more as a result.