Tariffs
Prediction of effect of 25% Canada and Mexico?
You MAGAs are on board I assume.
Comments
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“No one — on either side of the border — wants to see American tariffs on Canadian goods,” Prime Minister Justin Trudeau of Canada
except who???
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All these counties place tarrifs in our products. We can do the same. They'll move our automotive plants back to America and we'll get the jobs not the Canucks. Trump just posted "why do we send vanadium 250 billion a year? Trudeau didn't know. But he asked Trudeau what would happen if we stopped and the redone was it would destroy Canada. Trump said sounds like your or 51st state! I say we name it Canukia.
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actually I think we need details which I will look up later, present search is not fruitful. But I think in general the tariffs in place are pretty low (excepting some categories)
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Allthe euro countries and nearly every country in the world places tarrifs on U.S. goods. We don't do that and we should. We'd make billions maybe trillions. Everyone wants to sell here but they tariff our goods in their countries. Enough.
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I am for placing tariffs on countries that charge us tariffs. Its only fair. Balance it out.
As for those countries who flood our markets with slave labor products and technology that they have stolen from us, max tariffs.
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Well, the details matter a lot here. I do know offhand that tariff revenue is tiny now compared to tax revenues. Basically this is around a 25% tax to the buyer now on goods from Mexico/Canada. Basically like Mr T, "pain." And also if you invest in a business that sells to those countries, you don't keep any tariffs, you just sell less.
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Just round numbers US imports $4T.
Income Tax revenues ~$2T
Federal government spends ~$7T
I'm all for the Chilean model, sign bilateral actual free trade with anyone willing to (that isn't an authoritarian adversary). Then match/exceed tariffs with anyone who doesn't.
China exports $1/2T to the US and steals billions if not trillions in IP. Start with them. It's easy enough to replace 80% of that cheap manufacturing with onshoring and moving to countries not intent on our destruction.
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Good luck with the search. I tried myself
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If tariffs bring back jobs it's a double win
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Numbers alone show it's a spending problem.
The dem elite were either sold on MMT or were content to destroy the nation while cashing checks. Abundance.
Tariffs are small potatoes compared to spending. It's why the first round were left in place. The inflation was barely noticeable.
