View Single Post
Old 03-27-2025, 01:35 PM   #2441
Leondros
Powerplay Quarterback
 
Join Date: Mar 2011
Exp:
Default

Quote:
Originally Posted by Azure View Post
Hey, I'm well aware of this, and I also don't understand why Congress is allowing Trump to continue these tariffs when they're obviously no longer part of any national security issue.

But even with that I think we can see that nobody is going to stop him.

Nor is he going to honour USMCA.

But he's also reaching out for a reason. So there needs to be some kind of conclusion to this whole matter. Trudeau was usually able to get him to back off after a few days, so I guess we'll see if Carney has any success.
And how many times do you recommend we do this song and dance? We are on number 3 right now. Is 10 reasonable? or perhaps his full term - 48 times? At some point we are going to need to end this silliness and its going to be painful. But right now what's even worse is the uncertainty these tariffs are causing.

In the O&G industry alone there is billions and billions of capital on the sidelines due to the uncertainty of the impact of tariffs on the supply chain. Mega projects that were going to create tens of thousands of jobs are on hold because a 25% tariff running through the supply chain changes an ROI of 15 - 20% negative.

Looking at the auto industry there is no way the US is going to reshore their manufacturing by the time Trump's term is up. Its just not going to happen and thats just look at the capital component of the projects, not skill of labor and ramp up. What is far more likely to happen is the US consumer faced with a scarcity of vehicles produced in the US are going to have to bite the bullet and pay the 25% tariff on them. My point is demand won't go to 0.
Leondros is offline   Reply With Quote