Ahh, old Putin's ru$$ia, mafia-terrorist gang, type of business: plunder the country, ruin the economy, impose sanctions on your neighbor, destroy the opposition by declaring war on your neighbor.
I know it's probably the least important part of this, but how does the govt even collect on again/off again tariffs like this? Do people argue about whether goods that came in overnight technically came in at 11:59pm on a tariff day or 12:01 am on a non-tariff day?
USMCA is a legally binding trade agreement that HE negotiated so yeah, exempt. If the US does not honor it's own trade agreements, no agreement will ever mean jack shit.
We didn’t honor our climate agreements, our nuclear non-proliferation agreements, our trade agreements, our military partnerships,etc the last time he was president. There is no reason anyone should expect different this time.
Who knows the broader implication for tariffs against several markets/countries. Besides more goods more expensive. Maybe a stupid question... ?! What to expect?
What's funny is I think the purpose was to hurt Trudeau, who was already down in opinion polls, but even though he's not running anymore, it's given his party a chance.
During his first presidency, something like 9/10 largest daily gains of the Down Jones happened, as well as 10/10 (iirc) of the largest single day losses, so the evidence seems to say, no he cannot stop fucking with the markets.
"Mexico will not be required to pay tariffs. "
WTF is that supposed to mean?
Mexico won't impose tariffs on products from the US?
It certainly doesn't mean the US won't impose tariffs on products from Mexico.
Tariffs are charged to the recipient of the goods.
Just more bullshit MAGAspeak.
Anyone else ever wonder if Mexico is (happily) getting somewhat special treatment by him compared to what they normally would, due to their current president having a German surname?
This cartoon is based on nonsense. Trudeau absolutely hasn’t sounded like. If anything, Trump is mad because in the first sentence of his speech yesterday, Trudeau called Trump out for being Putin’s puppet
Yeah well it turns out that the whole we're imposing massive tariffs, jk were delaying them, jk were imposing tariffs, jk were delaying some tariffs, jk were delaying tariffs again, jk all tariffs go into effect in a month, isnt actually reassuring investors or business leaders.
One clarification: 45 has no respect, real friendship or admiration for anyone except Putin. 45 practically lights up when he talks about Putin and defends him devotedly. It’s hard to watch 45 acting like a lovesick, mesmerized teenager who will give up everything to please his “boo.”
“…Mexico will not be required to pay…”
The importer pays, not Mexico. The tariff on avocados from Mexico would be paid by the grocery buyer, for example.
So, tariffs were in place for about 2 days, and presumably they were paid on some shipments. Will the people who paid them be reimbursed/refunded or will they alone feel the pain of this brain fart of a policy?
Comments
Trumpism/putinism kills.
https://www.cbc.ca/news/politics/trudeau-trump-trade-war-deal-1.7476311
His word and signature mean nothing.
WTF is that supposed to mean?
Mexico won't impose tariffs on products from the US?
It certainly doesn't mean the US won't impose tariffs on products from Mexico.
Tariffs are charged to the recipient of the goods.
Just more bullshit MAGAspeak.
So. Tracks.
Canada will not pay tariffs.
China will not pay tariffs.
Consumers will, because that’s how tariffs work.
Who is profiting from the market volatility? I wonder...
What a surprise!
They spare no bullets
The importer pays, not Mexico. The tariff on avocados from Mexico would be paid by the grocery buyer, for example.
No egg.
No stonk.
*And*: No tariff
Best of all worlds