Economy Donald trump to impose Tariffs feb.1st.

Rational Poster said:
So what's the demand? How can a conservative government fix this?
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It doesn't, I'll vote conservative in the next election

That's totally irrelevant, when it comes to trump and tariffs

People just hate trudeau and they don't really process information, rather they just conflate issues like the poster above
 
TrueBias said:
Ok, I gotta admittedly ask..

What's a tariff? Difference of tax and tariff?
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Tariffs are essentially a tax on importers. The importers of goods will buck up their prices to maintain a profit due to additional tax so American consumers will suffer the most from it.
 
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TrueBias said:
Ok, I gotta admittedly ask..

What's a tariff? Difference of tax and tariff?
Click to expand...

Tariff is essentially a self imposed tax on importers, businesses that import goods from other countries pay a fee to the country goods are coming into.

It's a behavioral tax designed to coerce domestic businesses not to do business with other businesses in certain countries. However, if they have no other good options they will just pay the tariffs and increase their prices accordingly.
 
filthybliss said:
Tariffs are essentially a tax on exports. The exporters of goods will buck up their prices to maintain a profit due to additional tax so American consumers will suffer the most from it.
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Tax on imports. The american companies that are importing the goods have to pay that tax. Typically they just pass that cost along to customer, although if the tarriffs are expected to be long term they may look for a supplier from domestic or a different non tarrifed country

With Trump being so fickle tho, I expect every importer to just see this as month to month so just pay the tarrif and raise prices until the tarriff ends. Too much work to find new suppliers and new contracts when Trump could end this by April on a whim.
 
HockeyBjj said:
Tax on imports. The american companies that are importing the goods have to pay that tax. Typically they just pass that cost along to customer, although if the tarriffs are expected to be long term they may look for a supplier from domestic or a different non tarrifed country

With Trump being so fickle tho, I expect every importer to just see this as month to month so just pay the tarrif and raise prices until the tarriff ends. Too much work to find new suppliers and new contracts when Trump could end this by April on a whim.
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Shit, you are right. I should fix that. Generally, countries retaliate with tariffs that fuck up exporters from here too.
 
TrueBias said:
Ok, I gotta admittedly ask..

What's a tariff? Difference of tax and tariff?
Click to expand...
There is no real difference. Tarrifs are just charged on imported goods—an import tax essentially. If that makes sense, no need to read further, but here’s a simple breakdown of how it works.

Imagine a t-shirt company in China makes shirts that cost $10 each to ship here. American company goes to the port and pays $10 to get them through customs, then sells them for $12–a 20% profit.
But then Trump puts a 20% tariff on them. So now, they still cost $10 for China to ship, but when the American company goes to the port, they have to pay $12 to import them (the same $10 as before, plus the 20% tariff). They obviously can’t still sell them for $12 because they won’t make profit, so now the cost goes up to $14 or whatever. In the end, we the consumer pays the tariff. It’s just like a tax.
 
Rational Poster said:
Tariff is essentially a self imposed tax on importers, businesses that import goods from other countries pay a fee to the country goods are coming into.

It's a behavioral tax designed to coerce domestic businesses not to do business with other businesses in certain countries. However, if they have no other good options they will just pay the tariffs and increase their prices accordingly.
Click to expand...
Dang. See? I disagree with your opinions a lot, but thank you.

So if I'm Burger King and I get whatever from another country to support the brand, I, Burger King, pays a tariff, a bigger tax, if I want it from that other country?

If I got that right, then a company, that can only get what they need from another country has no choice but to pay it to get their items, thus dumping the extra cost onto the consumer?
 
Lycandroid said:
What you said is false. You live in a fantasy world.

Smith is the only one who has made any progress on this issue and may likely get an Alberta exemption on oil for her efforts, while the Liberals have accomplished exactly nothing except set up a scenario to make things worse than needed.
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lol
 
TrueBias said:
Dang. See? I disagree with your opinions a lot, but thank you.

So if I'm Burger King and I get whatever from another country to support the brand, I, Burger King, pays a tariff, a bigger tax, if I want it from that other country?

If I got that right, then a company, that can only get what they need from another country has no choice but to pay it to get their items, thus dumping the extra cost onto the consumer?
Click to expand...
Exactly correct.
 
Edit: disregard, asked and answered.
 
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gentel said:

Trump delays tariffs from Feb 1 to Mar 1

As someone against tariffs this is good news. Hopefully it was just Trump talking tough, and tariffs are "next month" every month for his whole term
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I think that is a very sensible comment and thanks for the update. Put me in the "not surprised, motherfuckers" camp on that one.

EDIT: at this hour the CBC is reporting the claim of a shift to March 1 is false. I guess we'll have to wait and see but I think this is all a game intended to help the Conservative Party in the next election.
 

Tariffs on goods from Canada, Mexico, China start Saturday​


WASHINGTON — U.S. President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday, the White House said on Friday, but it provided no word on whether there would be any exemptions to the measures that could result in swift price increases to U.S. consumers.

Trump, a Republican, had been threatening the tariffs to ensure greater cooperation from the countries on stopping illegal immigration and the smuggling of chemicals used for fentanyl, but he also has pledged to use tariffs to boost domestic manufacturing.

"Starting tomorrow, those tariffs will be in place," White House press secretary Karoline Leavitt told reporters. "These are promises made and promises kept by the president."

Trump had said he was weighing issuing an exemption for Canadian and Mexican oil imports, but Leavitt said she had no information to share on the president's decision on any potential carveouts.

The United States imported almost 4.6 million barrels of oil daily from Canada in October and 563,000 barrels from Mexico, according to the Energy Information Administration. U.S. daily production during that month averaged nearly 13.5 million barrels a day.

He has previously stated that a 10% tariff on Chinese imports would be on top of other import taxes charged on products from the country.

https://www.voanews.com/a/tariffs-on-goods-from-canada-mexico-china-start-saturday-/7958695.html
 
LeonardoBjj said:

Tariffs on goods from Canada, Mexico, China start Saturday​


WASHINGTON — U.S. President Donald Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective on Saturday, the White House said on Friday, but it provided no word on whether there would be any exemptions to the measures that could result in swift price increases to U.S. consumers.

Trump, a Republican, had been threatening the tariffs to ensure greater cooperation from the countries on stopping illegal immigration and the smuggling of chemicals used for fentanyl, but he also has pledged to use tariffs to boost domestic manufacturing.

"Starting tomorrow, those tariffs will be in place," White House press secretary Karoline Leavitt told reporters. "These are promises made and promises kept by the president."

Trump had said he was weighing issuing an exemption for Canadian and Mexican oil imports, but Leavitt said she had no information to share on the president's decision on any potential carveouts.

The United States imported almost 4.6 million barrels of oil daily from Canada in October and 563,000 barrels from Mexico, according to the Energy Information Administration. U.S. daily production during that month averaged nearly 13.5 million barrels a day.

He has previously stated that a 10% tariff on Chinese imports would be on top of other import taxes charged on products from the country.

https://www.voanews.com/a/tariffs-on-goods-from-canada-mexico-china-start-saturday-/7958695.html
Click to expand...
 
Lycandroid said:
What you said is false. You live in a fantasy world.

Smith is the only one who has made any progress on this issue and may likely get an Alberta exemption on oil for her efforts, while the Liberals have accomplished exactly nothing except set up a scenario to make things worse than needed.
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So, it's factually incorrect? How, specifically?
 
Did tariffs even work before? Doesn’t China just set up shop somewhere else or Americans move to India or Vietnam instead? American companies will never pay American workers a fair wage if they can find cheaper labor. Trump refuses to acknowledge the real problem and that’s the greed of these companies. We need more government regulation on them, not tariffs. What a fucking joke. Is it just me or does it feel like he’s been president for 2 years instead of 2 weeks? So much drama already. Why oh why did people vote this moron in again
 
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