The Tariff Thread

[Johnny Makarov]

Originally Posted by calgarygeologist

Small technicality, that was for annoying not ####tiest poster.

Yeah i'm kyittier than your best buds Yoho and Mel! hahahaha

What do you on here other than whine about the Liberals?

[calgarygeologist]

Originally Posted by CaptainCrunch

I expect that on Monday the Loonie and the TSX are going to absolutely melt down. Good pricing due to that is going to be an absolute nightmare, especially for food that we import from the States and elsewhere that are priced with the US dollar.


And yeah, if this goes longer then a few months, investment is going to really dry up.



We can all sit there and say, ok, survive the first blow and lets go to war, fine and I agree you have to establish that you're in the fight, but I'm worried about that second level of retaliation that Trump is hinting at.

I think I'll have to liquidate all my Canadian holdings on Monday outside of my ESPP. Fortunately I have a good chunk in US holdings so the exchange rate will help but I'll probably start liquidating all my US shares as well. I'll have to find some safe places to park the money for the near term.

[butterfly]

Originally Posted by RogerWilco

No, we absolutely want to light our neighbor's house on fire, literally, that is the point.

Is that truly the Nash equilibrium in this instance?

[Johnny Makarov]

Originally Posted by AltaGuy

You seem to be under the impression that without any action by Canada, these tariffs will be the end of the bullying. This is incredibly naive and misguided: inaction is an invitation to Trump to ratchet up his insane demands. He's already suggested we should be giving the US a "deal" on our export price of oil as a next concession. The insanity would simply never end.

Gotta fight back.

Why are you guys going back and forth with a Maga member?

Let the orange rapist do what he wants. Don't tariff the US is the worst advice anyone who loves Canada would give.

[RogerWilco]

Originally Posted by butterfly

Is that truly the Nash equilibrium in this instance?

If every country being hit with tariffs joins in.

[butterfly]

Originally Posted by Johnny Makarov

Why are you guys going back and forth with a Maga member?

Let the orange rapist do what he wants. Don't tariff the US is the worst advice anyone who loves Canada would give.

Again, you can't tariff other countries. You can tariff your own citizens.

[Johnny Makarov]

Originally Posted by butterfly

Again, you can't tariff other countries. You can tariff your own citizens.

Sorry tariff US goods. Happy?

[CaptainCrunch]

Originally Posted by calgarygeologist

I think I'll have to liquidate all my Canadian holdings on Monday outside of my ESPP. Fortunately I have a good chunk in US holdings so the exchange rate will help but I'll probably start liquidating all my US shares as well. I'll have to find some safe places to park the money for the near term.

Is there a safe place right now? Asia's probably going to have a bit of a meltdown.



I'm going to part my money in West African honey bee factories.

[butterfly]

Originally Posted by RogerWilco

If every country being hit with tariffs joins in.

Yeah, I mentioned that the other day:

Originally Posted by butterfly

Interesting idea with respect to Mexico. Hadn't thought of that.

The dirty little secret is that American consumers have an insatiable appetite for Chinese products. Very few people are going to spend more money because a comparable item says made in USA. They have a competitive advantage over us with respect to labor (morally or immorally) that we happily took advantage of for decades. Now we are threatening to kill the golden goose for everyone.

It's an interesting gambit because if everyone else ignores Trump and the drugs and illegal immigrants keep coming in at a comparable rate, we still have no choice but to maintain our own defense spending. The casualty will be to make the world economy worse off, including for US consumers. It's good game theory to bet that won't happen because it requires mass cooperation on behalf of the rest of the world and no one acting in individual self-interest.

[Drak]

Be a real shame if Orange Hitler suddenly became super ill and didn’t pull through.

[butterfly]

Originally Posted by Johnny Makarov

Sorry tariff US goods. Happy?

On behalf of Canadians I hope it doesn't happen. Americans dealing with artificially high costs is bad enough, no need to proliferate it all over the world.

[Calgary]

Originally Posted by CaptainCrunch

I expect that on Monday the Loonie and the TSX are going to absolutely melt down. Good pricing due to that is going to be an absolute nightmare, especially for food that we import from the States and elsewhere that are priced with the US dollar.


And yeah, if this goes longer then a few months, investment is going to really dry up.



We can all sit there and say, ok, survive the first blow and lets go to war, fine and I agree you have to establish that you're in the fight, but I'm worried about that second level of retaliation that Trump is hinting at.

Let's see what happens.

[Johnny Makarov]

Originally Posted by butterfly

On behalf of Canadians I hope it doesn't happen. Americans dealing with artificially high costs is bad enough, no need to proliferate it all over the world.

You aren't Canadian. We don't need your terrible advice to prop up your dear leader's early onset dementia.

[TrentCrimmIndependent]

Originally Posted by butterfly

Again, you can't tariff other countries. You can tariff your own citizens.

Yeah, as long time customs workers that have overseen tariffs on products will attest, your tariffs against countries are duties that apply at your docks/terminals on domestic companies as they move goods and products in.

That's the extent of the 'jurisdiction' for any country's tariffs. None of it is conducted nor collected within another country.

And that's precisely why blanket retaliatory tariffs like truml is doing is the most foolish thing Canada can entertain, unless it's strategic to redirect consumption to comparable domestically sourced goods, which actually hits back at the US.

[Lumby Lager]

Originally Posted by RogerWilco

I think I'm OK drinking Pendleton Whiskey rather than Basil Hayden for a while. The American tariffs will cause loss to Canadian exports, not just higher prices in the US. Canadian Tariffs need to be targeted in a way that will help create even more noise in the administrations ear.

I work in the liquor industry and I am expecting a very interesting and annoying work life starting next week. I think this ridiculous situation Trump is creating will affect my specific situation quite significantly.

I think Pendleton Whiskey is amazing for the price! I recommend both the 1910 Rye and the original Canadian blend often and purchase. Those two are distilled in Canada but the company is American so I won’t buy either until Trump is gone.

[calgarygeologist]

Originally Posted by CaptainCrunch

Is there a safe place right now? Asia's probably going to have a bit of a meltdown.



I'm going to part my money in West African honey bee factories.

I've never invested in the stuff because I haven't looked for safe alternatives before but things like GICs or T-bills or whatever??

[butterfly]

Originally Posted by Johnny Makarov

You aren't Canadian. We don't need your terrible advice to prop up your dear leader's early onset dementia.

You aren't a Flames fan.

I'm Canadian by birth but you aren't worth proving it to.

[PaperBagger'14]

Originally Posted by butterfly

Again, you can't tariff other countries. You can tariff your own citizens.

It’s called an export tax or an export tariff…which are taxes paid by companies but that cost is in turn passed onto the importing company. Your point is very semantic.

[butterfly]

Originally Posted by PaperBagger'14

It’s called an export tax or an export tariff…which are taxes paid by companies but that cost is in turn passed onto the importing company. Your point is very semantic.

Well, the US just skewered this economy. I guess it's up to Canada if they want to copy it.

[PaperBagger'14]

Originally Posted by butterfly

Well, the US just skewered this economy. I guess it's up to Canada if they want to copy it.

I don’t think you understand the difference between importing and exporting. Let me guess, US public school system in an under funded district?

In any case the economy will continue on in the short term as change in action due to tariffs takes time. It isn’t a light switch that gets flipped, large scale change takes time and a lot of it.