I wouldn't discount the possibility that this is all part of the Great Reset these tech-oligarchs have been musing about. Devastate the US's economy, turn ppl against each other, institute martial law - voila! - no oversight over Big Tech if the gov't is fraudulent.
Winners are easy.. billionaires of course. As the economy contracts, people struggle they will accept anything to even have a job, so conditions will worsen for the employed.
Businesses will fold and people will lose their homes, this is a field day for billionaires to scoop up cheap bargains.
Would they "win" by being the only ones not penalized with a tariff (tax) ? --- But no "win" if the demand for their product fell, as overall demand falls.
No, but it is things they can raise the prices on if there are tariffs. I mean, that's literally the main reason we impose them, is to help domestic producers in those things.
Not blaming you as an individual.
Your country has the ability to put mine into a recession just as we had got a handle on inflation and started lowering our interest rates.
I’m allowed to be angry.
And I very much am.
Wealthy corporations win. Prices go up and are paid for by the middle class and poor giving them record profits. It works until there’s a tipping point but in the meantime just another way to strip us of any money we could have.
When I look at the persistent policies of the GOP Right Wing, cow towing to billionaires, it actually looks like destroying most of the vulnerable so they will have fewer survivors left alive and eager to kill them.
But many of the imported items from these countries aren’t made in the U.S. eg certain car parts. But it’s the food that can’t be grown in the U.S. to keep up with the massive demand from consumers that will make the biggest impact.
Oil is at 10% so lower than the rest of Canada’s products. Possibly some could be selectively lowered for favors? Wouldn’t be a surprise with the media bribes/lawsuits at the moment.
Quite possibly Musk will control the Treasury and money-launder the tariff revenues via padded federal contracts to private parties, including Trump, himself, and friendly oligarchs.
Well, no one makes money off tariffs, at least not directly. It's essentially an importer tax thay goes straight to the treasury. I guess the biggest benefactors would be anyone in competition with the Canadian companies hit with higher tariffs.
It will be used to help the hundreds of workers that will lose jobs because of Trump.
I don’t think Americans know how devastating this will be to Canada.
There are no winners! But there are a lot of losers, mainly the American people!
They will have to pay more, or won’t be able to afford what they need or want.
The convicted felon sitting in the Oval Office is far from being the brightest bulb in the pack. He promised to you Americans that he would lower costs, I guess he thought that us Canadians would not retaliate. Just wait and see what we are made of.
Comments
the Treasury.
We are witnessing the largest bank robbery in the world.
Family gets a cut.
Businesses will fold and people will lose their homes, this is a field day for billionaires to scoop up cheap bargains.
Domestic producers of the affected imports.
Ergo American producers of those same products will make more money.
Not exactly things domestic producers can just start cranking out.
But you will suffer badly and we will have our pride and a stronger country.
Your country has the ability to put mine into a recession just as we had got a handle on inflation and started lowering our interest rates.
I’m allowed to be angry.
And I very much am.
Treasury info maybe they plan to skim off the
US treasury?
When I look at the persistent policies of the GOP Right Wing, cow towing to billionaires, it actually looks like destroying most of the vulnerable so they will have fewer survivors left alive and eager to kill them.
Did Trump exempt certain products or industries?
Which states are most affected?
Otherwise, Trump would have made exemptions for his benefactors.
I don’t think Americans know how devastating this will be to Canada.
They will have to pay more, or won’t be able to afford what they need or want.
So they can scoop up bargains and own more.
Reactive tariffs are usually used to protect jobs.