Canada announces 25% tariffs on cars from the USA.
What US manufacturers are even affected by the announcement? It seems like a nice headline with no impact. It is non-usmca compliant vehicles. So that must be a car that is delivered to the US and then routed into Canada.
The only way the MAGA voter can learn is through pain. This is literally the easiest way out of this coup. The GOP owns all branches of government - they're going to be held responsible for the deletion of retirement plans, the price of eggs at Walmart, and the many many MAGA voters who are forced to move into trailer parks. Or at least cheaper trailer parks than the ones they're already in.
Thankfully the administration is so grossly incompetent, even if there were some sort of actual plan, they wouldn't be able to implement it. Just look at the signal chat. They were actually TRYING to do that correctly.
Pain fuels hatred. Right wingers feed on hatred.
The finger will be pointed at something/someone else; the CHUDs will eat it up; and the right wing populists will continue to sink us all further and further down.
The Following User Says Thank You to Cappy For This Useful Post:
I was kind of thinking we'd get a fugazi rally here at the end of the day, but if anything looks like it might drop some more. Should be fun for Lutnick and all the other cokstains to go on TV tonight and tell everyone to "take advantage of this great opportunity to buy some stocks on the cheap".
__________________
"Think I'm gonna be the scapegoat for the whole damn machine? Sheeee......."
What US manufacturers are even affected by the announcement? It seems like a nice headline with no impact. It is non-usmca compliant vehicles. So that must be a car that is delivered to the US and then routed into Canada.
I saw someone say it affected Tesla. Built in US and exported to Canada and not included in the FT deal.
I have no idea if thats the case though.
I saw someone say it affected Tesla. Built in US and exported to Canada and not included in the FT deal.
I have no idea if thats the case though.
Ya, not sure it would because I assume they are CUSMA complaint so we couldn't tariff them without breaching CUSMA ourselves. And that seems to be where Trump has drawn a line he won't cross.
From 2022
Quote:
The dispute centres on how the three countries define a North American vehicle. A provision in CUSMA states that by 2025, 75 per cent of each vehicle and of certain core components must be manufactured in the country of origin in order to cross a North American border duty-free. If those products fail to meet that threshold, the U.S. can charge tariffs under World Trade Organization rules.
The U.S. interpretation of the provision is more stringent than Canada's and could make it harder for entire vehicles to qualify for duty-free treatment.
Mexico and Canada argue that if 75 per cent of an essential car component is manufactured regionally, that's enough to define it as a duty-free North American part in a fully-assembled vehicle. The U.S. doesn't agree — which could make it harder for entire vehicles containing those parts to meet the 75 per cent threshold for duty-free trade.
I assume 75% is defined somewhere, because is it by number of pieces? Weight? Size? Cost?
Ah, followup.
Quote:
In a report circulated on January 11, 2023, a dispute resolution panel established under the Canada-United States-Mexico Agreement (“CUSMA”) sided with Mexico and Canada against the United States in respect of automotive rules of origin. The panel found that the US requirements for calculating regional value content (“RVC”) for passenger vehicles and light trucks are in breach of CUSMA’s rules of origin.[1] In siding with Mexico and Canada (and a significant portion of the automotive industry), the panel confirmed that CUSMA allows vehicle manufacturers to “roll-up” the cost of originating core parts. The US is expected to bring itself into compliance with the panel’s ruling, thereby allowing for freer trade in the North American automotive market. Absent such compliance, Mexico and Canada would be legally entitled to retaliate against the US by imposing duties or otherwise taking measures of equivalent effect.
Quote:
CUSMA contains complex “rules of origin” for determining whether a vehicle originates in a CUSMA Party, thereby entitling it to preferential tariff treatment. Under those rules, 72% of the value of finished passenger vehicles and light trucks must originate in a CUSMA Party.[2] CUSMA also requires 72% of the value of core parts to originate in a CUSMA Party,[3] but permits the use of more flexible methods for calculating the RVC of core parts than it does for calculating the RVC of the finished vehicle. The RVC requirements for both finished vehicles and core parts will increase to 75% on July 1, 2023.
I would open up an outlet mall in White Rock, just about every pair of runners, sweat pants and hoodies are about to get 50% more expensive in the US than Canada, maybe even make them tax free for 'tourists', we can make Surrey a sort of Bellingham of the north
And let them worry about smuggling them into the US.
There is, in fact a pretty decent outlet style mall in White Rock
I was kind of thinking we'd get a fugazi rally here at the end of the day, but if anything looks like it might drop some more. Should be fun for Lutnick and all the other cokstains to go on TV tonight and tell everyone to "take advantage of this great opportunity to buy some stocks on the cheap".
Literally heard exactly that on conservative satellite radio today!
What US manufacturers are even affected by the announcement? It seems like a nice headline with no impact. It is non-usmca compliant vehicles. So that must be a car that is delivered to the US and then routed into Canada.
I suspect this is a smart move by Carney, it gives us something we can offer Trump to take off the 25% he has put on us, some time in the next few weeks he will announce his 25% tariff has forced Canada to drop it's tremendously unfair tariffs on cars, bigly win!! no more tariffs on autos
The Following 2 Users Say Thank You to afc wimbledon For This Useful Post:
I actually laughed out laud, I actually couldn't quite figure out where his list came from. Sneak peak, it's dumber than you think.
It's actually even worse. The reason for the random islands was the countries were all the top searches. Sounds like they just used an LLM to come to with it all
The Following User Says Thank You to Street Pharmacist For This Useful Post:
This is all shades of what we've seen before. But if destruction is your intention, how amateurishly you achieve it really doesn't matter.
Been re-reading Malcolm Nance's book, The Plot to Destroy Democracy. It's like a trip down memory lane re Russian collusion and how Russia achieved influence/control over the USA. So much I had already forgotten with the ceaseless assault on the mind during Trump's first and second terms. Then you see Russia not on the tariff list and it reminds me of Putin using a certain signature nerve agent to commit assassinations: a way of telling people he did it while denying he did it.
The Following 2 Users Say Thank You to flylock shox For This Useful Post:
I love Andrew Chang explaining stuff. He is such a great communicator on political and economic issues.
Andrew Chang's videos are one of my favourite things to watch on Youtube. His segments presents complex topics in a very straightforward and easy to understand way. Guy is a fantastic communicator.
The Following 8 Users Say Thank You to The Yen Man For This Useful Post:
