People forget Canada tariffs the shit out of tuff liberal US cut timber.
Not sure what all the outrage is at reciprocal tariffs. You show me yours, I'm going to whip out at least the same. Someone 'splain why that is so wrong.
An overlooked aspect is on taxes. A Canadian or European company that has no US presence and just moves products to the US pays $0 to the IRS for its sales made into the US. And we let that happen. Try shipping something to Europe. You get VAT assessed ~20% with no clawback potential in addition to any tariffs. Your only option to be able to clawback the VAT is to setup a corp there and then pay local income taxes. Total imbalance. If you want to test in European markets, it basically makes no economic sense to start small and attempt to directly compete against them. Europe gets their tax money if you dare compete.
Would also add, good luck getting a bank account setup in the country that you setup your Corp.
So here's a bit of reality... BNSF just canceled all their engineer classes they were going to run this year... that was as a result of the tarrifs... they only do that if they are expecting an economic slowdown...
Tarrifs will definitely hurt the economy... Trump has even aluded to it a few times... hopefully it gets overwith within a year as if inflation is bad could go up 1 to 3 more % with these... the GOP will lose in 26 and probably 28..Trump is playing with fire.
Comments
Gurgle
America winning upsets bucky
Ha! No answer. But at least you don’t go into hiding and actually attempt to answer my questions….sometimes.
Your questions are stupid and irrelevant. Hope this helps
Canada and Europe already have tariffs on US cars.
People forget Canada tariffs the shit out of tuff liberal US cut timber.
Not sure what all the outrage is at reciprocal tariffs. You show me yours, I'm going to whip out at least the same. Someone 'splain why that is so wrong.
like most issues, the outrage is just a blanket resistance against anything Trump does. there's no logic behind it
An overlooked aspect is on taxes. A Canadian or European company that has no US presence and just moves products to the US pays $0 to the IRS for its sales made into the US. And we let that happen. Try shipping something to Europe. You get VAT assessed ~20% with no clawback potential in addition to any tariffs. Your only option to be able to clawback the VAT is to setup a corp there and then pay local income taxes. Total imbalance. If you want to test in European markets, it basically makes no economic sense to start small and attempt to directly compete against them. Europe gets their tax money if you dare compete.
Would also add, good luck getting a bank account setup in the country that you setup your Corp.
I believe he's in the woke party. NDP or something. No surprise.
Trump actually talked about access to markets along with tariffs
Our Bob_C had this first
I could write a novel on this. Maybe I will someday.
Yep, countries remove or reduce Tarrifs against U.S and *Gasp* American companies increase market access.
Protectionism works for everyone but the US.
Luckily for us Buck has vast international trade experience and can help fill in the gaps here.
So here's a bit of reality... BNSF just canceled all their engineer classes they were going to run this year... that was as a result of the tarrifs... they only do that if they are expecting an economic slowdown...
Tarrifs will definitely hurt the economy... Trump has even aluded to it a few times... hopefully it gets overwith within a year as if inflation is bad could go up 1 to 3 more % with these... the GOP will lose in 26 and probably 28..Trump is playing with fire.
Also keep in mind if you take Oil out, We have a trade surplus with Canada.
Still playing with fire though if it causes too much inflation for 26 and 28... even if it is the right thing to do long term
We are only playing with fire now because we’ve allowed the ripoff to become the baseline.
At this point, you're just a fucking liar.
.
Like i said long term it may be the right thing... but if inflation is 4 or 5% in November 26 or 28 the GOP will lose seats.
In 82 very little had changed and the voters gave the Senate back to the democrats because GOP Senators didn't back Reagan
Voters believed in Ronnie
In 84 he won 49 states and America was on its way. Adults know when you need to change.