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economy·Economybybeep

US President Donald Trump says tariffs on all cars, trucks, automotive parts, and steel from Canada will be increased to 50% effective January 1st.

cross-posted from: https://piefed.world/c/economy/p/1355359/us-president-trump-says-tariffs-on-all-cars-trucks-automotive-parts-and-steel-from-canad

Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots, and has long created a 60 Billion Dollar Deficit between our two Countries. Not sustainable, and NOT ANYMORE! On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%. Build in the U.S. and there are ZERO TARIFFS. Canada will be treated like a State no longer! On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US! They do 95% of their business with the U.S., with us, the exact opposite! Thank you for your attention to this matter! President DONALD J. TRUMP

Source: Trump on Truth Social.

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20 replies

lemmy.world

The sooner trump kicks the bucket, the better off the rest of the world will be

17
lemmy.ca

Vance is just as bad. He wants our soft, soft, couch cushions.

4
GardenGeekreply
europe.pub

If you think this story would have come to an end with Trump, you're in for a nasty surprise...

17

No, I know it won't be the end of it, but that doesn't mean his death won't be a blessing.

7

Only if Americans were able to make it clear that they won't stand for fascism and what the consequences are for those that attempt it, but it's quite clear they are either unable or fine with it

4

it wont end with him, those he installed, and those on the DNC that are beneffiting from him wont let it reverse initially. the gops designed to always blame DEM each elction cycle.

1

I dunno, that's a long time for him to TACO out. A 3 month plan for Trump is like a 50 year plan for anyone else, no way he follows out.

5

Looks like he is waiting until after the midterms so people won’t feel the pain until after.

10
sopuli.xyz

If this actually happens I wonder if USMCA eligible goods will still be exempt like they have been every time something like this gets implemented.

3

yep... energy will most likely not be tariffed, since the us relies on it to have electricity in many states...

iirc carney already hinted at export tariffs on energy in retaliation at the weekend...

or canada could just stop exporting electricity to the us, to solve the trade deficit and plunge the entire northeastern US into a months long blackout

1

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US President Donald Trump says tariffs on all cars, trucks, automotive parts, and steel from Canada will be increased to 50% effective January 1st. | Spyke