Trump Plans to impose tariffs on Mexico, Canada and China on day 1. Expect high prices, shortages bankruptcies and job losses. Trump claims foreign companies pay tariffs but they are actually paid by the importing company & passed on to American consumers www.nytimes.com/2024/11/25/b... - ThreadSky

miafarrow.bsky.social • 163 days ago

Trump Plans to impose tariffs on Mexico, Canada and China on day 1. Expect high prices, shortages bankruptcies and job losses. Trump claims foreign companies pay tariffs but they are actually paid by the importing company & passed on to American consumers

https://www.nytimes.com/2024/11/25/business/economy/trump-tariffs-canada-mexico-china.html?smid=nytcore-ios-share&referringSource=articleShare

Comments

neptune72.bsky.social•162 days ago

Nailed it, Mia…

edleo16.bsky.social•163 days ago

Are you really surprised? He is fucking insane! 😡

mkelly24.bsky.social•163 days ago

We bought our new car last week. If anyone has a big purchase like that to make, do it before the start of the year, if possible.

nyccittamia.bsky.social•163 days ago

Nah. He’s gonna backtrack on this as fast as the wall. He needs our pushback to look strong. Let him do it. The backfire will be enormous.

kspeters4.bsky.social•163 days ago

My husband and I have mapped out a plan to stock up on stuff. He’s going to destroy the economy, our democracy, our faith in government, our schools K-16. Each is horrifying. Cumulatively, a nightmare. I hope the price of eggs was worth it.

lovewinshateloses.bsky.social•163 days ago

Why would Trump care about anyone going bankrupt, he’s an expert at bankruptcy: 6 times

dvdrbnsn.bsky.social•163 days ago

None of these cockamamie ideas Trump has will come to fruition. The cult will pretend they have and then take credit for the good Economy.

amirselmanovic.bsky.social•163 days ago

If that's the case, then the mainstream media should set the record straight. But given recent history of not giving credit to Biden for recovering the economy and explaining how inflation works and what tariffs are, they will once again contribute to Trump getting credit and no blame.

timholt2024.bsky.social•163 days ago

He obviously is playing 4D chess snowflake!

simmofrombrissie.bsky.social•163 days ago

The rest of the world is shaking their collective heads.

0b-or-boris.bsky.social•163 days ago

His last tariff on Canada saw a 300% increase in many building materials primarily wood products. It crippled housing and construction the last time he did it.

libratwo.bsky.social•163 days ago

very sad....scary.............. ????

sedonarocks.bsky.social•163 days ago

He is treating US like his newest casino. Expect another bankruptcy.

robert148.bsky.social•163 days ago

He's so fucking dumb. And so are his enablers/co conspirators. Lock and load it's going to be rough.

grinnin2.bsky.social•163 days ago

Mexico and Canada are exempt from tariffs under the USMCA Shitler himself signed.

rufusleroy.bsky.social•163 days ago

Trump doesn’t understand the disruption to US manufacturing as they respond by identifying non-impacted offshore suppliers, building new tools, sourcing materials, conducting reliability testing all while meeting customer and contractual requirements. Good luck.

amirselmanovic.bsky.social•163 days ago

Where was this strong language of "crippling trade" before the election, New York Times?

yogabellz.bsky.social•163 days ago

I sure HOPE that other countries have figured out what our STUPID country hasn't he is all CON and NO backbone.

When his economy suffers he will BACKTRACK and put out the FIRE he started and CLAIM victory.

Sure HOPE they call his bluff and do not give him WHATEVER he is trying to get from them!!!!

lmaen.bsky.social•163 days ago

Good morning,
Mia

dtheavenger.bsky.social•163 days ago

Glad you're here.

mexigrl1964.bsky.social•163 days ago

This is insane, it makes me so angry. Mexico and Canada are going to suffer so much because of the choice that our country made. The new Mexican president, a woman, has already said that she will do the same to American made products. We are going to hurt the entire world.

chuck79.bsky.social•163 days ago

She also said she would deport Americans in mexico.

mexigrl1964.bsky.social•163 days ago

I think it's certainly possible. I'm hoping that she doesn't cancel the residency of people that are there on a temporary or permanent basis.

john-in-halifax.bsky.social•163 days ago

But not as badly as the US will suffer.

jfin-kind.bsky.social•163 days ago

Mia,the thing is, MAGA republicans think this is great! No matter how many times I’ve tried to explain(to well educated people) all respond by saying how great that will be for America because we will all be forced to only buy from Made in America.
Not grasping the reality of this.

justforfun22.bsky.social•163 days ago

US border towns depend on Canadian sales to bump up their profits. Trump f*cking around with taxes could quickly stop over the border shopping.

susannebookman.bsky.social•163 days ago

Day of reckoning. But the cultists will find a way to rationalize it. They’ll even help stir the Kool-Aid.

john-in-halifax.bsky.social•163 days ago

Canada is the closest thing America has to a friend in this hemisphere. 52% of America's oil comes from Canada. Lumber, auto parts, paper. steel; Americans will pay more for all of it. And, the US tourism industry will take a major blow.

progresscityhobo.bsky.social•162 days ago

Fox, and the like, will blame it all on Biden.

madmazz71.bsky.social•163 days ago

So very true.
And Europe is next.

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