JUST IN: Donald Trump has just said: as one of my many first executive orders, I will sign all necessary documents to charge Mexico and Canada a 25% tariff on all products coming into the US He also has added 10% tariffs to China. - ThreadSky

unusualwhales.bsky.social • 111 days ago

JUST IN: Donald Trump has just said: as one of my many first executive orders, I will sign all necessary documents to charge Mexico and Canada a 25% tariff on all products coming into the US

He also has added 10% tariffs to China.

Comments

bwguitarguy.bsky.social•111 days ago

Prices will rise even before he implements those tariffs. Just the threat of tariffs on day 1 will make companies raise prices preemptively

ilirt.bsky.social•111 days ago

The USMCA that he signed in his 1st term that replaced NAFTA might have a word. If he wants to hurt them and not US consumers, he needs to stop all non-essential travel into MX as that will stop the inflow of USD and severely hurt their economy while it could boost US Domestic tourism.

jeramiedreyfuss.bsky.social•110 days ago

They will just charge tariffs on all of our exports to them. Dumb tRump doesn't even understand tariffs.

fatgarfield.bsky.social•111 days ago

blood-red tomorrow at open

berkley14.bsky.social•111 days ago

So dumb

barelyagreeable.bsky.social•111 days ago

No EU so far though?

snitchcrumby.bsky.social•111 days ago

He’s so unbelievably fucking stupid

mle51.bsky.social•110 days ago

It is time to purchase goods 2nd hand and stop falling “victim” to these ridiculous policies. I will contribute as little as possible to the economy over the next 4 years.

foodcave.bsky.social•111 days ago

Gonna have to reduce my poutine intake.

foodcave.bsky.social•111 days ago

So avocado oil is gonna skyrocket like olive oil now?

fleetwoodmike.bsky.social•111 days ago

Exporters don’t pay tariffs. Importers do. He’s raising prices for Americans and American businesses

gunner24.bsky.social•111 days ago

Trumpflation. Enjoy the higher prices ya jackals. Keep watching Fox News

bye-byemars.bsky.social•111 days ago

Get ready for higher prices.

radiodallas.bsky.social•111 days ago

1cate.bsky.social•111 days ago

Well prices are going up all those people worried about their pocket books are going to start seeing it real soon

mslater1.bsky.social•111 days ago

Aren't most Ford 150 pickups made in Mexico?

happyexmo.bsky.social•111 days ago

He's such an embarrassment.

jerrynsimon.bsky.social•111 days ago

Avocado about to get about 25% more expensive

detsportsfan.bsky.social•111 days ago

Can he wait till after Christmas rally before he starts this crap?

wper.bsky.social•111 days ago

Dumbass fuckin trumptards have no clue what this means.

annthegolfnut.bsky.social•111 days ago

They don’t care. They think Canada and Mexico will pay for it.

jerseycapital.bsky.social•111 days ago

RIP to the economy and markets lol

mhp1776.bsky.social•111 days ago

and the recession will begin.

laurieisblue.bsky.social•111 days ago

He does realize that most Americans depend on produce grown in the southern hemisphere in the winter? I guess scurvy is about to be a thing again.

adavelikeanyother.bsky.social•110 days ago

I doubt he realizes anything other than burgers and fries are a complete food group cooked by a circus clown and that servants bring him other tasty things from a kitchen. Somewhere.

latinbishop.bsky.social•111 days ago

Fuck congress is what he really said

katekate78.bsky.social•111 days ago

Mexico is giving Canada that sibling smirk.

mychaelp.bsky.social•111 days ago

Didn't he sign the deal with Mexico during the last term?

baronrdmo.bsky.social•110 days ago

Good time for Canada to finally diversify our trade.

beachpretzel.bsky.social•111 days ago

The 10% is on top of the tariffs China already has in place; they're not getting a discounted tariff from Trump. Meanwhile, the Washington ag lobbyists are out having heart attacks; however, the farmers and ranchers VOTED FOR TRUMP!!

th3j0urney.bsky.social•110 days ago

We are doomed. Wait till the people that are saying they can’t afford eggs now, find out how tariffs work.

miclcm73.bsky.social•111 days ago

Can you freeze avocados 🥑

trumpisdumb.bsky.social•111 days ago

They get what they vote for….

jubblator.bsky.social•111 days ago

Translation for any Maga person here...
this means EGGS are GOING to be MORE EXPENSIVE

jubblator.bsky.social•110 days ago

#itsNOTThefuckingEggs

fidochrist.bsky.social•111 days ago

Tariffs are not charged to the sender in the foreign jurisdiction. They’re paid by the domestic importer. What are you even talking about?

uswan49.bsky.social•111 days ago

I say Republicans because they put him in the WH in 2016 it's their fault

uswan49.bsky.social•111 days ago

won't hurt the rich it's always the middle class and poor which suffer from Republican cruelty and stupidity 😡 stupid ignorant voters voted for him

holdingfast.bsky.social•111 days ago

Yeah, Canadian here, and I say FAFO

saw2011.bsky.social•110 days ago

If you think your insurance rates are high now, just wait until the tariffs make the cost of lumber and car parts skyrocket. Buckle up!

therevolutionistv.bsky.social•111 days ago

We cooked for sure

kevsnyder.bsky.social•110 days ago

But his cult followers will find a way to blame anyone but him when their costs that have been slowly started dropping start going up again.

mybffcisco1.bsky.social•111 days ago

And so it begins. We know it's coming. Maga thinks it won't affect them. Boy are they wrong. Popcorn ready to watch their meltdowns.

topherwest.bsky.social•111 days ago

Just in: a bunch of people have FA and in a few months are going to FO.

crossboy.bsky.social•110 days ago

I can't wait for him to not do this, the economy improves because that's what the global economy trends towards, and people will think his tariff plan was successful

mrpeanut13.bsky.social•111 days ago

Punishing American consumers for Mexico and China sending drugs over the border is certainly a plan. I’m not sure I would call it a good plan, but it is a plan…

diacoustic.bsky.social•110 days ago

"I have an outline of a plan..."

jimmyalto.bsky.social•110 days ago

troymcel.bsky.social•111 days ago

Tariffs are just an annoyance. Anything produced in China is going to first be exported to Thailand or a similar location, and then it can be imported into the US at regular rates. This will cause an increase in prices and landing time, but it's hard to know by how much.

rgward.bsky.social•111 days ago

xyz888.bsky.social•109 days ago

I'm buying less shit after Jan 21. I'm not stimulating Trump's economy. Let him go to hell. I don't care if I lose 6 figures in my IRAs. Been there, done that. Hope MAGA businesses go to hell too. Ain't no one renovating in next 4 yrs if they're UNEMPLOYED and DESTITUTE 🤪

oldfolkswhisper.bsky.social•111 days ago

And here I thought Mexico and Canada were our besties while China was the boogeyman....
guess someone still loves Xi

annefrankly.bsky.social•111 days ago

I can’t wait to pay $75k for a new car that I need right now!

investmattallen.bsky.social•111 days ago

He is doing this for negotiation

apena15.bsky.social•111 days ago

This is totally going to stop fentanyl use. 🥴

peggygabour.bsky.social•111 days ago

jswilks750.bsky.social•111 days ago

Well expect housing prices to soar. We get like 70% of our lumber from Canada. Hold on to your ass Walmart shoppers. Everything made in Mexico and China. Boom!

peggygabour.bsky.social•111 days ago

This is what 77 million Americans wanted...unbelievable...

beebeeks.bsky.social•111 days ago

This is what happened his last term.

deminimis101.bsky.social•111 days ago

Exactly, lumber per 1000ft went from a low just prior to his tarrifs of ~$250 to a peak of over $1600 in 2020. They've come down to ~ $550 now. I saw an article back in '21 that estimated an increase in housing costs of over $35k per.

annthegolfnut.bsky.social•111 days ago

So what do I do? Sell my Home Depot shares or buy some more?

deminimis101.bsky.social•111 days ago

I think Canada is one we hit with tariffs. Something like 25% tarrifs and we pay double. Lose lose

bentimofeyev.bsky.social•110 days ago

The peak was in 2021- Biden administration doubled tariffs on Canadian softwood lumber imports from 8.99% to 17.99%

deminimis101.bsky.social•110 days ago

Believe Trump's tariffs of around 25% were on specific companies. While the spike did happen in early '21, Biden's tariffs on all of Canada were the end of '21. There was a lower spike in '22 as well. The spike had a big supply/demand component but the tarrifs are driving the current price.

bentimofeyev.bsky.social•110 days ago

You are correct in the way the tariffs were applied was different. There was also supply constraints post pandemic and the demand shot up. But nice to discuss topics positively for once 👍

beebeeks.bsky.social•111 days ago

Jesus. I didn’t remember the numbers but what a mess.

realitycheck.bsky.social•110 days ago

25% tariff on lumber + deportation of much of the workforce = decimation of the construction industry and massively higher prices

kentonlb.bsky.social•111 days ago

Welp,

We've got two months before the price of practically everything skyrockets....

timkellogg.me•111 days ago

don’t we get a lot of lumber from canada? like for building houses

lifeisok4me.bsky.social•111 days ago

75% from at least 2000-forward. We over-forested for decades and have limited domestic supply until saplings are of age for harvesting.

gpm1103.bsky.social•111 days ago

Such an ass

bentimofeyev.bsky.social•111 days ago

Also this is only to stop the mass illegal immigrants and fentanyl that comes into US.

So he's looking for the best interest of Americans

bwguitarguy.bsky.social•111 days ago

No You won’t. Why would Mexico care? They don’t pay the tariffs. The importer does. And the importer will just raise prices. This has 0 do with immigration despite Trumps spin

bentimofeyev.bsky.social•111 days ago

Push American companies to make products for America. That's great

bwguitarguy.bsky.social•111 days ago

Won’t happen. Companies will raise prices and wait out the 4 years. And once prices go up they won’t come dow

bentimofeyev.bsky.social•111 days ago

Yes prices go up. Look at the last four years- Prices have gone UP and yet we rely on everybody for their cheap crap. IF prices go up at least we wont depend on others and more jobs come back to America

bwguitarguy.bsky.social•110 days ago

We live in a global market.The US has to import goods. We can’t manufacture everything. Tariffs on everything is a terrible idea and just another tax on citizens

bentimofeyev.bsky.social•110 days ago

I agree that we can't produce everything domestically. Take China, for example. They export low-quality goods and can invest in the U.S., but we face restrictions in China. The U.S.-China trade imbalance is a critical issue. We need a more balanced approach.

bwguitarguy.bsky.social•110 days ago

I don’t disagree but a 60% tariff on everything from China is not the answer. It’s a terrible idea. Same with the suggested tariffs on Mexico and Canada

kevsnyder.bsky.social•110 days ago

Guess you have missed companies announcing that they are just shifting production to other countries that aren’t facing tariff increases.

clancydowney.bsky.social•111 days ago

By the time American companies can catch up, no one will have any money to spend except the billionaires.

apena15.bsky.social•111 days ago

We cant eat technology. What about fresh food in the middle of winter? Lots of our produce comes from Mexico.

bentimofeyev.bsky.social•111 days ago

again this is only if they don't stop the flow of illegal immigrants and drugs

bwguitarguy.bsky.social•111 days ago

Just like Mexico was going to pay for the wall.

matthewlarkey.bsky.social•111 days ago

Sure, it would be great to broaden our manufacturing base but it should be incentivized, not forced. The market is going to be very unforgiving and Americans are going to pay the price. You cannot just reset an economy with tariffs. It’s been tried. It doesn’t work as economists have been saying

miloszkowal.com•110 days ago

Why? I don't want Americans working in steel foundries and base good manufacturing plants. We should be taking the resources from other countries and making cool stuff (e.g. cars, batteries, homes). Leave the low-level stuff to other countries that need it to industrialize.

beebeeks.bsky.social•111 days ago

And Mexico and Canada, our two closest neighbors, will do the neighborly thing and charge us tariffs too.

lifeisok4me.bsky.social•111 days ago

We were subjected to retaliatory tariffs as high as 100% last go’round and I’m guessing this round will be worse.

beebeeks.bsky.social•111 days ago

Yup. Trump killed our soybean trade with China and then paid the farmers when they couldn’t sell their crops, a giant waste of our tax dollars. And then the idiots said Trump saved their farm……

lifeisok4me.bsky.social•111 days ago

Fact. The bailout money is still being paid because he decimated the domestic industry.

hans-olo.bsky.social•111 days ago

Oil??????????????????

hans-olo.bsky.social•111 days ago

Oiii-llllllll??????? (and paper).

jaydee789.bsky.social•111 days ago

One Canadian says FU trump

parthas.bsky.social•111 days ago

He has no clue that his tariffs will impact Americans more than those foreign countries

asinglevoice.bsky.social•110 days ago

Don’t automotive manufacturers move product back & forth from USA to Canada then back to USA? So this will force food, housing & auto prices to increase. When he repeals “Obamacare” insurers can charge more, his supporters think their insurance under the Affordable Care Act remains unaffected SMH

abeisking.bsky.social•111 days ago

That’s crazy. 16% of every new car sold in the US comes from Mexico. Not to mention the countless parts. The cost of vehicle ownership would increase dramatically. At least the used car market will go back up.

imaporcupine.bsky.social•111 days ago

A higher tariff on our allies than our adversaries is fucking wild

moongirlsusie.bsky.social•111 days ago

That b*tch should have to pay the extra costs from his "check notes" so-called wealth.

carbontraps.bsky.social•111 days ago

If he had money he wouldn’t be selling sneakers and bibles.

rubydoobydoo.bsky.social•111 days ago

We are all gonna reap what the GOP sowed. Time to become a prepper guys. We have to let them reap what they sowed.

fedora8.bsky.social•110 days ago

Things are going to get spicy 😂

khunjon.bsky.social•111 days ago

Lol

a-randomuser.bsky.social•111 days ago

What a great way to kill trade with our neighbors and drive costs of goods up even more. Glad the guy who wanted to reduce costs got elected... We have trade agreements with these countries in place for a reason.

newrootsinme.bsky.social•111 days ago

Here's info on where the tarrifs are currently
https://www.visualcapitalist.com/comparing-new-and-current-u-s-tariffs-on-chinese-imports/

trandazzo.bsky.social•111 days ago

Oh my!!!

kyleillionaire.bsky.social•111 days ago

Spring Recession anyone?

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