The Tariff Thread

[Locke]

Originally Posted by Looch City

Both sides, many sides.

Nah #### the US. ####hole country for the next 4 years as far as I'm concerned.

Oh sweet Summer child...its going to suck for a whole lot longer than that.

Its not like the President leaves and the the new President shows up, clicks his heels in his spangly red shoes and all of the damage is magically undone!

[butterfly]

Originally Posted by Bonded

We are getting closer! My argument was that if Trump left the tariffs in the market would have bled because the expectation was that he wouldn’t actually do it. The market tanked and he backed off.

Indeed!

The market didn't tank, but he backed off. I mean...-1.04% is a normal day. Sheinbaum and Trudeau said the "right things" in the media and now Trump is out there feeling like he won "deals". He seems fairly simple to manipulate though the stakes are very high.

[Bonded]

Originally Posted by butterfly

Indeed!

The market didn't tank, but he backed off. I mean...-1.04% is a normal day. Sheinbaum and Trudeau said the "right things" in the media and now Trump is out there feeling like he won "deals". He seems fairly simple to manipulate though the stakes are very high.

Down 2% on SPY is not a normal day. It only ended up being a normal day because they paused the Mexican tariffs because the tariffs weren’t priced in.

[butterfly]

Originally Posted by Bonded

Down 2% on SPY is not a normal day. It only ended up being a normal day because they paused the Mexican tariffs because the tariffs weren’t priced in.

Are you sure? How often in the last 30 years has SPY been -2% at some point intraday?

[PepsiFree]

Originally Posted by Slava

I think you have to take him seriously in my line of work. It’s different for you; you’re an American in the US and you support his views and policies. You can sit back and see what happens with the results having minimal impact.

It’s such a bizarre take. I really feel like anyone who believes it is just deadset on maintaining some fragile world outlook reliant on “everything will be fine and nothing will change.”

Everyone who mattered took him seriously. And it is the people who took him seriously that were able to avoid it. Once he signed the executive order, it was happening. Even from a pure ego standpoint, he’s not going to do that, get zero reaction from Canada and Mexico, and just cancel it on his own accord two days later (even despite the self inflicted damage).

This naive idea of “well I thought it was all a lark and it didn’t happen so it must have been a lark” just totally ignores what we’ve very clearly just seen play out. And I’m just left wondering how and why anyone but true MAGAs (because whatever) can ignore the facts and actually believe that.

[calgarygeologist]

The nation of Quebec is looking to sign a deal with Musk for a Starlink rollout.

While the government of Premier François Legault says it isn’t planning for the moment to follow Ontario’s lead and sever a major deal with Elon Musk’s Starlink to supply high-speed internet in remote regions of the province, The Gazette has learned the Quebec government is set to deepen its ties to the American billionaire’s satellite internet system with a fresh contract. Bidding on the contract, which seeks a supplier to install Starlink in courthouses in the province, closed Monday, according to Quebec’s electronic public tendering system.

https://www.montrealgazette.com/news...#storylink=cpy

Also, the Ontario Starlink deal is apparently back on

Ontario Progressive Conservative Party Leader Doug Ford has put his short-lived promise to cancel a $100 million contract with Elon Musk’s Starlink on ice after U.S. President Donald Trump suspended his tariff threat.


In a Monday morning statement, Ford had said the Ontario government would be “ripping up” a contract signed to provide high-speed internet to northern and rural communities.

The move was part of the PC leader’s pitch for immediate measures against U.S. tariffs, which were due to land on Tuesday. He also outlined how he would handle the threat of Trump and tariffs if he is re-elected.

Late on Monday, however, cancelling the Starlink deal was paused.

https://globalnews.ca/news/10995669/...musk-starlink/

[butterfly]

Originally Posted by PepsiFree

It’s such a bizarre take. I really feel like anyone who believes it is just deadset on maintaining some fragile world outlook reliant on “everything will be fine and nothing will change.”

Everyone who mattered took him seriously. And it is the people who took him seriously that were able to avoid it.

If you were referring to me, I don't think it is “everything will be fine and nothing will change.” It's like playing 4v5 hockey. Waste time and then it will get back to normal.

In the meantime, with respect to hockey, your offensively skilled and defensively challenged players are resting up.

With respect to Canada, I would urge in the strongest way possible to begin now at improving infrastructure and reducing dependence on anyone. We've seen where laziness leads. Flipping out when some temporary US president does something stupid. Build powerful infrastructure to all three coasts that will be the envy of the world. No NIMBYs, no lifelong environmental studies with obvious denials, no negotiating. Get it done.

[Scroopy Noopers]

Originally Posted by calgarygeologist

The nation of Quebec is looking to sign a deal with Musk for a Starlink rollout.


https://www.montrealgazette.com/news...#storylink=cpy

Also, the Ontario Starlink deal is apparently back on


https://globalnews.ca/news/10995669/...musk-starlink/

Perfect, Canada gets a win and Fords soundbite train is on a 30 day pause while we somehow run a stupid election in Ontario.

[GGG]

Originally Posted by PepsiFree

It’s such a bizarre take. I really feel like anyone who believes it is just deadset on maintaining some fragile world outlook reliant on “everything will be fine and nothing will change.”

Everyone who mattered took him seriously. And it is the people who took him seriously that were able to avoid it. Once he signed the executive order, it was happening. Even from a pure ego standpoint, he’s not going to do that, get zero reaction from Canada and Mexico, and just cancel it on his own accord two days later (even despite the self inflicted damage).

This naive idea of “well I thought it was all a lark and it didn’t happen so it must have been a lark” just totally ignores what we’ve very clearly just seen play out. And I’m just left wondering how and why anyone but true MAGAs (because whatever) can ignore the facts and actually believe that.

The Y2K defense and the Covid restrictions defense.

[butterfly]

Originally Posted by Scroopy Noopers

Perfect, Canada gets a win and Fords soundbite train is on a 30 day pause while we somehow run a stupid election in Ontario.

Why is it stupid? Should they be regularly scheduled like in the US? Or simply called when it benefits your party of choice?

[Scroopy Noopers]

Originally Posted by butterfly

Why is it stupid? Should they be regularly scheduled like in the US? Or simply called when it benefits your party of choice?

I’ve never had a party of choice.

[Strange Brew]

Originally Posted by PepsiFree

It’s such a bizarre take. I really feel like anyone who believes it is just deadset on maintaining some fragile world outlook reliant on “everything will be fine and nothing will change.”

Everyone who mattered took him seriously. And it is the people who took him seriously that were able to avoid it. Once he signed the executive order, it was happening. Even from a pure ego standpoint, he’s not going to do that, get zero reaction from Canada and Mexico, and just cancel it on his own accord two days later (even despite the self inflicted damage).

This naive idea of “well I thought it was all a lark and it didn’t happen so it must have been a lark” just totally ignores what we’ve very clearly just seen play out. And I’m just left wondering how and why anyone but true MAGAs (because whatever) can ignore the facts and actually believe that.

You can take it seriously without panicking. IMO a lot of sensible people see this as a negotiating tactic and public posturing. Not dissimilar to the last time the US threatened Canada and more severely Mexico with tariffs.
Holding that view doesn't mean you think it's a "lark", those are your words.

[dino7c]

I like how the reason for the Tariffs changes daily...not to mention the no good terrible unfair trade agreement (that the last Trump admin created and signed lol)

[butterfly]

Originally Posted by Scroopy Noopers

I’ve never had a party of choice.

I didn't ask you that.

[TrentCrimmIndependent]

And the unfair trade deficit.

How do you expect a nation with 1/10 of your population to import more than you do.

There's a fraction of people there to buy the products lol.

[Fuzz]

Maybe if the US made anything worth buying, we might buy it. It's not our fault you suck.

[Strange Brew]

Originally Posted by TrentCrimmIndependent

And the unfair trade deficit.

How do you expect a nation with 1/10 of your population to import more than you do.

There's a fraction of people there to buy the products lol.

Lots of reasons for trade imbalances. The population of a country impacts both its exports and imports and the smaller country isn't necessarily going to have a trade surplus.

The biggest reason for the imbalance right now is that the American economy is outperforming Canada, so Americans have more money to spend.

Trudeau is right though. Canada is probably the best choice for the Americans to have a trade imbalance with. And it's not even that big, mainly due to energy. The imbalance has grown since the pandemic as the US economy has boomed.

[butterfly]

Canadians have to improve productivity or the economy will end up in a perpetual zero-growth state like Japan's.

Why isn't it exploding?

[Strange Brew]

Originally Posted by Fuzz

Maybe if the US made anything worth buying, we might buy it. It's not our fault you suck.

The US exports more to Canada than to anyone else.

[butterfly]

Originally Posted by Fuzz

Maybe if the US made anything worth buying, we might buy it. It's not our fault you suck.

You sound exactly like this individual. Be proud, I suppose.

https://twitter.com/user/status/1886101457495109669