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dead [he/him]@hexbear.net to news@hexbear.netEnglish · 6 months ago

Trump signed executive order to place 25% tariff on Mexico and Canada, 10% tariff on China

www.cbsnews.com

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Trump signed executive order to place 25% tariff on Mexico and Canada, 10% tariff on China

www.cbsnews.com

dead [he/him]@hexbear.net to news@hexbear.netEnglish · 6 months ago
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  • usa@lemmy.ml
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Trump hits Canada, Mexico and China with steep new tariffs, says Americans could feel "some pain"
www.cbsnews.com
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Canadian Prime Minister Justin Trudeau announced that Canada would respond with 25% tariffs "against $155 billion worth of American goods."
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  • DoiDoi [comrade/them, he/him]@hexbear.net
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    6 months ago

    Oh thank god everything has been way too cheap recently, thanks Mr president

    • KurtVonnegut [comrade/them]@hexbear.net
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      6 months ago

      According to the news, Americans are only going to be paying $1,000 more per person for their basic goods this year. It’s a good thing most people aren’t working paycheck to paycheck, have been receiving cost-of-living wages, and are not already in debt, right?

      • DragonBallZinn [he/him, they/them]@hexbear.net
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        6 months ago

        porky-happy: “Sorry kiddo, but we ALL need to make sacrifices!”

        • uSSRI [he/him]@hexbear.net
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          6 months ago

          *to Moloch, maybe Satan, but definitely making sacrifices to The Market!

      • infuziSporg [e/em/eir]@hexbear.net
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        6 months ago

        Probably closer to $300 for me, and that’s a bargain price to pay for getting to see the empire crumble.

        farquaad-point

      • SeducingCamel [he/him]@hexbear.net
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        6 months ago

        It’s looking like I’m barely going to squeeze out paying off my final credit card balances soon. Idk what I’m gonna do once I have to start paying for health insurance and my federal student loans later this year

  • rhubarb [he/him]@hexbear.net
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    6 months ago

    do-something c’mon, collapse

    • marxisthayaca [he/him,they/them]@hexbear.net
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      6 months ago

      This

  • marxisthayaca [he/him,they/them]@hexbear.net
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    6 months ago

    Watching the United States President choke the economy to death in less than 100 days.

    • mar_k [he/him]@hexbear.net
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      6 months ago

      honestly the perfect way for america to go out. bumbling narcissist and former reality TV star is elected head oligarch by 80 million people who either see assholeness and cheap showmanship as endearing qualities and/or were just plain miseducated. said oligarch thinks he can bully the rest of the world into handing him free money for his pipe dream of reviving 1950s US dominance. ends up completely alienating allies satellite states as the dollar collapses and BRICS booms.

  • godlessworm [comrade/them]@hexbear.net
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    6 months ago

    lib status: owned

    fridge status: empty

    wife status: cheating on me

    oh yeah, we do get tired of winning trump-feed

  • 9to5 [any, comrade/them]@hexbear.net
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    6 months ago

    The end of the fourth Reich draws near aubrey-happy

    • Lovely_sombrero [he/him]@hexbear.net
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      6 months ago

      If this lasts a while, it will be interesting how the Treatlerites respond. I’ve always imagined the US falling apart in like two weeks if it was under the same kind of embargo that the US subjects Cuba to. This won’t be close to that, but I still expect some craziness.

    • uSSRI [he/him]@hexbear.net
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      6 months ago

      Smoke em if ya got em! I’m out here staying stoned donating beans

    • OprahsedCreature@lemmy.ml
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      6 months ago

      Does anyone else find it weird that the fourth Reich started before the third?

      • comrade_pibb [comrade/them]@hexbear.net
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        6 months ago

        reichs are counterintuitive like that

      • Collatz_problem [comrade/them]@hexbear.net
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        6 months ago

        And before the second.

        • OprahsedCreature@lemmy.ml
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          6 months ago

          What was the second one supposed to be again? Nazi lore is so hard to keep up with. I tried to read mein kampf once and couldn’t even get through all the self-aggrandizing in the first chapter. How those freaks think there’s a coherent ideology there is beyond me.

          • Collatz_problem [comrade/them]@hexbear.net
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            6 months ago

            The German Empire (1871-1918).

            • OprahsedCreature@lemmy.ml
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              6 months ago

              Oh Germany and its delusions of grandeur

  • dogerwaul [he/him, they/them]@hexbear.net
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    6 months ago

    i’m interested in seeing how people who voted for him are going to rationalize their support when the tariffs are pushed to consumers to cover. goods and services are going to increase in price and instead of it being due to a series of complicated events that the president is of course involved in it’ll be directly Trump’s fault. explain that away, please.

    • buckykat [none/use name]@hexbear.net
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      6 months ago

      “because of woke”

    • DragonBallZinn [he/him, they/them]@hexbear.net
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      6 months ago

      “Well you see. Poor porky was facing competition and it scared him. Once when labor is free AND he has a full monopoly, THEN porky will probably feel safe and FINALLY let us lick his plate.

    • SovietBeerTruckOperator [none/use name]@hexbear.net
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      6 months ago

      Because China

    • barrbaric [he/him]@hexbear.net
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      6 months ago

      My money’s on “Woke DEI corporations (controlled by Soros/Zuckerberg/The Jews more broadly) are trying to stop Trump by raising prices for no reason”.

    • VernetheJules [they/them]@hexbear.net
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      6 months ago

      Biden’s fault

    • infuziSporg [e/em/eir]@hexbear.net
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      6 months ago

      This is very much a When Prophecy Fails scenario.

    • dwzero@lemmy.ml
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      3 months ago

      deleted by creator

    • SkingradGuard [he/him, comrade/them]@hexbear.net
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      6 months ago

      They’ll say it’s Auntiefa or something’s fault, idk

    • SevenSkalls [he/him]@hexbear.net
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      6 months ago

      I have heard some chuds who admit it will raise prices in the short-term but say that in the long-term it will even out competition for local, good old American companies to come in and save the day and finally be competitive. Then we’ll have more jobs. Same when we kick out the immigrants who are also stealing all our jobs.

      But it excludes a bunch of considerations, like the fact that evil foreign companies didn’t come in and steal our manufacturing jobs, it was given to them by porky. And they did it to pay people less. If it’s in the US, pay will have to go up, which will increase costs to the consumer. Or, pay won’t go up, so we’ll have jobs but they won’t be a livable wage.

      But that probably won’t happen anyway, because we just don’t have the manufacturing capability here anymore. It will take decades to years to match all the things we import. Either way, the enemy is the capitalists here at home, not foreigners.

    • Biggay [he/him, comrade/them]@hexbear.net
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      6 months ago

      its the cost of re-establishing American Greatness. We are exceptional, and if the prices are too high maybe thats a personal failing of yours and maybe youre whats making America Woke

  • SorosFootSoldier [he/him, they/them]@hexbear.net
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    6 months ago

    Mom said it was my turn to raise inflation trump-drenched

  • RedWizard [he/him, comrade/them]@hexbear.net
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    6 months ago

    In the face of waning dominance of the dollar as the world currency, lacking options to sustain the dollars value in the global market, empire as a tool no longer viable, and alternatives to their Financialization schemes, and global sanctions driving a split in payment systems, the Hermit Kingdom known as the Burgerreich turns its economic policies inward, abandoning conquest of empire, imperialism, and third world Financialization, in favor of economic nationalism.

    • Nakoichi [they/them]@hexbear.net
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      6 months ago

      Which is very funny because we subsist almost entirely on imports.

      • SkingradGuard [he/him, comrade/them]@hexbear.net
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        6 months ago

        The rulers of empire now believe the propaganda they feed to the proles.

      • nasezero [comrade/them]@hexbear.net
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        6 months ago

        We’re going to go from worrying about the price of food to just being worried about its availability.

    • Lovely_sombrero [he/him]@hexbear.net
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      6 months ago

      Does BRICS have an alternative payment system even? Not their own currency, just something that allows them to directly trade without ever using the $$$.

      • RedWizard [he/him, comrade/them]@hexbear.net
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        6 months ago

        https://amp.scmp.com/news/china/diplomacy/article/3283760/vladimir-putin-says-no-brics-plan-create-alternative-swift-banking-system

        There was some talk last year about one but it sounds like that’s not in the table. Still they won’t be using swift out looks like either?

      • Hexboare [they/them]@hexbear.net
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        3 months ago

        Removed by mod

  • coeliacmccarthy [he/him, they/them]@hexbear.net
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    6 months ago

    sit-back-and-enjoy

    • KarlTheMarx [any]@hexbear.net
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      6 months ago

      I went back to this article. It’s just pure gold every line.

  • GVAGUY3 [he/him]@hexbear.net
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    6 months ago

    They can take my Modelo from my cold dead hands

    • SovietBeerTruckOperator [none/use name]@hexbear.net
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      6 months ago

      I need to go stock up on Molson’s!!!

      • someone [comrade/them, they/them]@hexbear.net
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        6 months ago

        This is the first, and hopefully last, time that I see or hear that particular sentence.

      • PaulSmackage [he/him, comrade/them]@hexbear.net
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        6 months ago

        Gonna relabel molsons export to molsons import

    • Nakoichi [they/them]@hexbear.net
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      6 months ago

      This made me want a chelada, specifically the pineapple one. Someone cashapp me $5 for beer I just got fired.

      (this is a joke I can go beg a local bartender for free drinks)

  • GalaxyBrain [they/them]@hexbear.net
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    6 months ago

    My boss is scared of good coats skyrocketing despite us being Canadian. We aren’t paying the tax. If it raises prices on American import, whatever, we don’t get our food from there for the most part. Anything that isn’t local is either from Italy cause Italian restaurant or from China cause that’s where most garlic comes from. Maybe our lemons are american but I think that’s all.

    • blame [they/them]@hexbear.net
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      6 months ago

      looks like they’re doing a retaliatory 25% tariff starting tuesday, so it’s gonna go both ways

      • GalaxyBrain [they/them]@hexbear.net
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        6 months ago

        That seems like a really dumb move. “OH, YOURE BLEEDING? WELL ME TOO MOTHERFUCKER!” absolute Wimp-Lo logic. Just sell shit to any of the other countries.

        • blame [they/them]@hexbear.net
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          I don’t think they can. Like politicians can do all the trade deals they want but the infrastructure doesn’t exist to get shit to ports that dont have the capacity to handle all the shit. Don’t get me wrong Canada SHOULD be able to do trade with other countries but they got complacent.

          • GalaxyBrain [they/them]@hexbear.net
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            6 months ago

            Complacency is our game

        • vovchik_ilich [he/him]@hexbear.net
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          6 months ago

          Honestly, it may be dumb economically, but it’s also important for states to show they won’t be manipulated easily, even if it hurts your own country too. It’s a principle of international relations, that of reciprocity, and I don’t think it’s super dumb.

          • GalaxyBrain [they/them]@hexbear.net
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            6 months ago

            Yeah, Canada could seem weak compared to america on the world stage!

            • vovchik_ilich [he/him]@hexbear.net
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              6 months ago

              It’s not about looking weaker than any given country, it’s about countries understanding that bad actions towards you have bad consequences. You can’t just do anything you want in regards to policy with me, there will be consequences

              • newerAccountWhoDis [they/them]@hexbear.net
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                6 months ago

                It also hurts the US in the long term. Importers don’t want to pay the tariffs and they’ll be looking elsewhere, even if it’s a little more expensive. Once they switch, they might not switch back

    • Clippy [comrade/them, he/him]@hexbear.net
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      there is probably some increase on the cost of goods from transportation element because of gasoline price, iirc most of canada’s oil is refined in america and canada buys it back from america - which means the tariff of oil will probably raise the prices of good as a secondary effect

      • GalaxyBrain [they/them]@hexbear.net
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        I figured there would be something like that, there is an oil refinery really damn close by, so I know we do some. It almost blew up once. Considering the rate that food prices have been going up regardless, it will probably be pretty hard to notice.

        • Clippy [comrade/them, he/him]@hexbear.net
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          Considering the rate that food prices have been going up regardless, it will probably be pretty hard to notice.

          yea

      • damnatum_seditiosus [any]@hexbear.net
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        I was wondering if since supposedly less companies buy stuff from Canada, it will have quite an impact to the CAD, bringing in less demand for it, then the value of the currency will drop. Bringing the price of stuff in Canada up?

        • Clippy [comrade/them, he/him]@hexbear.net
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          i am not sure, it has been many years since i read my economics book.

          but it sounds about right, though hopefully somebody more well read can confirm, i am not confident to say how the currency value of CAD in respect to USD will react.

  • MF_COOM [he/him]@hexbear.net
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    6 months ago

    jesus-christ

  • marxisthayaca [he/him,they/them]@hexbear.net
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    6 months ago

    Stock up, or start making and selling, “I did that” stickers

  • REgon [they/them]@hexbear.net
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    6 months ago

    What about Denmark? Thought he was gonna tariff the Danes too

    • sooper_dooper_roofer [none/use name]@hexbear.net
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      6 months ago

      greenland is the tariff

    • mar_k [he/him]@hexbear.net
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      6 months ago

      boutta be paying a hundred bucks for a 20 piece lego set, shit’s expensive enough as it is

    • Biggay [he/him, comrade/them]@hexbear.net
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      6 months ago

      I dont think he can without hitting the whole EU, and I think the strategy here is divide and conquer the satellite states, while increasing turning towards China.

  • plinky [he/him]@hexbear.net
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    glee

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