Trump says 25% tariffs on Mexican and Canadian imports will start Tuesday, with 'no room' for delay
cross-posted from: https://lemmy.zip/post/33238139
President Donald Trump says 25% tariffs on imports from Mexico and Canada will start Tuesday, sparking renewed fears of a North American trade war.
Archived version: https://archive.is/20250303202704/https://apnews.com/article/trump-tariffs-mexico-canada-b19e004dddb579c373b247037e04424b
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
https://apnews.com/article/trump-tariffs-mexico-canada-b19e004dddb579c373b247037e04424bOpen linkView original on lemmy.ca242
Comments44
The dude bankrupted a casino.
A casino.
Not just once, but THREE times.
At first I thought you meant one casino three times. It looks like it was three different casinos with one bankruptcy each. I am not sure which is worse...
Just remember. The house always wins. Unless you fuck up so hard you go bankrupt.
Guess he only had concepts of a business plan.
*money launder so nakedly that if the government did the absolute bare minimum of casino regulation you would spend the rest of your life behind bars
house always wins except when the house is owned by Trump
Now the house is the USA.
Now the house is the USA.
Now, that house is the USA.
The dude let a Russian money laundering front go bankrupt once it was no longer viable.
So here's the thing, I am 99.99% with you on your sentiment.
But then I have to ask myself, "HOW TF is that even possible? Or was there more to it? Was that the plan ? Did he gain something bigger from doing it?"
I'm not saying he's some genius we just can't comprehend. I'm saying he's a criminal and I wouldn't put anything off the table.
But yeah, he's probably just that shitty at business; but still? I hate this timeline.
He probably just gave himself a high salary, got even more richer than later declare casinos bankrupt. bank loans, his investors, vendors, staff lose, and he wins. He moves on to the next target. now his target is USA.
So I havent looked into this at all. Is it possible the bankruptcy was a way for him to steal his investors money and get away with it?
Yup, steal from loans and investors.
Also remember that he failed to sell steaks and alcohol to Americans. 2 separate companies with one product each that we can't get enough of and they both went under.
He is not good at managing large organisations, he will use the US to enrich himself and later probably flee to russia.
And the market crash will begin right around that time too. Yay!
Makes it easier for black rock et al to scoop up what's left of the housing market
I mean SCP500 trading is closed after a major drop sooooo.
So how long until Canada just stops sending them oil?
There’s contention between oil-providing Alberta vs Federal government at play. If it was up to AB and their provincial gov, they would become the 51st state.
Attempting to catch a whiff
There’s a reason for this variant of jesusland
Super glad we put Trump in office so he could make Mexico pay tariffs and bring down food prices. Feels so good to be owning the libs.
/fucking sarcasm
/SMDH
His worshippers are like people dying on a boat, lost at sea. "There! I see a ship!....no wait..."
Many of the cars MAGA buys are not made in the USA. They are going to go up 25%. Wait tell that sinks in.
Some car parts travel across the US/CAN border six to seven times. The price increase will be much higher than 25%.
I wonder if it's true that the US car production will grind to a halt within a week as some analysts say. That would be huge!
But Elon already brought the sink in
Yeah .... can't take Turnip's or America's word for anything any more ... it's just a land of rage, anxiety, lies and stupidity .... from it's politicians and it's people
I work for a company that has a lot of trade with both countries. Owners are already talking about the possibility of needing to raise prices to account for the tariffs. The plan appears to be to try to hold the line, but this well to do but family owned business can only hold that line for so long.
Keep prices the same but add a blanket 25% fee on any bill/invoice with a name like "Trump government fee".
If large corpos can do it for legitimate taxes they themselves should pay, there's no reason companies can't do the same for these tariffs.
This is the way
make it 35%, 10% extra for the effort to add that one line and do the math.
Hell there are businesses already building a local stockpile of raw materials and part; been doing this for MONTHS. Other's not accepting long-term contracts that might bankrupt them if they are caught having to fulfill them post-tariff.
This all adds to the cost of doing business even if the tariffs never happen. Guess who pays since most everyone has to do it (read: there's no competition when all the players pay the vig!)
Wait until the Trumskers find out the giant trucks they adore are now beyond their financial grasp.
They always have been, you should see the lease terms on some of these pavement princesses
I know people who I know for a fact are barely making ends meet yet they always have toys like giant trucks. They have zero financial sense.
I'm no economist, but this seems like a really bad idea.
For reals this time.
He face reminds me of fried chicken. I'm vegan now. So it's like the fried chicken my kids leave on the counter to dry rot naturally.
I look forward to the response to his upcoming visit to Alberta.
There is 0% chance he will allow the oil/gas to stop flowing. The visit is just like his meeting with Zelensky. It's to manufacture a reason for his aggression. Once the country is cut in half we're divided and lose access to goods from both coasts. The eastern portion would be restricted to cheap goods from Asia except through him. Economically we'd take a huge hit, and it would be easy for him to mop up the remainders.
He's coming to Alberta for a G7 meeting (possibly). And I wouldn't be so pessimistic about the future - Canada is pretty unified in maintaining our sovereignty.
He's not going to go
It'd be fucking hilarious if he did though.