Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office

[Dulcinea]

NEW YORK (AP) — President-elect Donald Trump threatened on Monday to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. He said he would impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one of his first executive orders.

The tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to automobiles to agricultural products. The U.S. is the largest importer of goods in the world, with Mexico, China and Canada its top three suppliers, according to the most recent U.S. Census data.

Trump made the threats in a pair of posts on his Truth Social site in which he railed against an influx of illegal migrants, even though southern border apprehensions have been hovering near four-year lows.

https://apnews.com/article/trump-tariffs-canada-mexico-china-59239afe12033ca99c65c7a2be0e4f0d

[Dave Bowman]

1. He's even dumber than I thought. And I wasn't impressed with his intellect to begin with.

[alinasloane]

2. Reply

"Trump’s proposed tariffs could have major economic implications, potentially raising costs for American consumers while addressing immigration and trade concerns. It’s a bold move that may spark significant debate.

[markie]

6. welcome...

this reply is an understatement

[Jilly_in_VA]

26. So much for

cheaper groceries, for one.

[no_hypocrisy]

3. The U.S. economy is no longer based on manufacturing. It's based on

consumerism. Many corporations and businesses have moved their operations out of the U.S. and thus, their products need to be "imported" back. If you want to buy a refrigerator, it won't be made in Omaha, Nebraska. Likely from China or Mexico.

With tariffs making products prohibitively expensive, consumers stop buying. The economy slows down. Jobs are lost. Corporations lose profits. Everyone's unhappy.

How long will this last?

[OldBaldy1701E]

12. Until they have all the money.

Then, they will relocate to another country that falls for their schtick and the process starts all over again.

Like termites, they will slowly eat away at any country that they can to achieve the impossible goal of getting all the money. The fact that they think they can achieve this is part of why we are where we are as a nation and as a planet.

The fact that this crap is still being preached as possible just shows how far we have to go to remove delusion from our reality. Because some people don't seem to be able to tell the difference.

[Mike 03]

4. So insulting to Canada and so unnecessary

We have a lot of family in Canada. Yesterday my mother phoned back my cousin who lives in Calgary. She was like "Have you people lost your mind?" (This was before news of the tariffs broke). She's real sweet, though. She has offered to "vouch" for us if we want to move there.

[augyboston]

10. Can she vouch for my wife and me as well?

Canada is the US without the Bible Belt, tRump or MAGA.

Do you think your cousin could vouch for my wife and me as well?

All kidding aside, we live in a northern border state and are seriously considering a move north and hiring a Canadian immigration attorney.

All we see before us is a police state that will implode into total chaos.

Hoping the Canadians will take pity on us and allow us to escape Gilead!

[Justice matters.]

21. Well, Calgary and most of the Prairies ARE Canada's Bible Belt, so...

I would recommend Ontario, like Toronto's suburbs, instead of Alberta or Saskatchewan...

Poilievre's base is expanding to Ontario's south west counties around Windsor though, sadly. Conservatives are way ahead in polls to take the federal Parliament next election... Trudeau is heading toward a wipe out, tragically.

[North Coast Lawyer]

22. Canada has wacko conservatives too.

Canada -- especially Alberta -- has it's share of wacko conservatives. I moved from Alberta to Washington and then Oregon to get away from them.

[HarryM]

5. These tariffs not only bring down the US economy, but they have an effect on countries being tariffed.

Not only will the US consumers have to pay more, and thus will purchase less, in countries that have these tariffs imposed on their goods will have less demand for said goods, thus bringing down their economy.
In the kind of consumer capitalist society of today, tariffs can bring down the economy worldwide.
I don't hear this mentioned.

[Historic NY]

7. One Way Don

seems to forget he is the one that negotiated NAFTA and came up with USMCA and now he is threatening Canada and Mexico on the deal he made. He made things worse and now he's back for another round of tit for tac .

https://www.forbes.com/sites/phillevy/2020/08/09/the-verdict-on-trump-trade-policy-part-1-fixing-nafta/

[Yo_Mama_Been_Loggin]

23. When did Orangina ever keep his word?

[modrepub]

8. Go Ahead, Keep Your Campaign Promises

That will raise prices and disrupt trade (company profits). Higher prices and more layoffs will follow. Budget deficits will explode, interest rates will go up and tax revenues will fall further. Yield curves are already inverted indicating a recession (or worse). And the ONLY way to decrease prices is to slow the economy (recession).

Trump is an idiot. Everything he touches turns into a turd. We all know it, now the other half of the country needs a demonstration.

Keep your debts down folks and hang on.


Ya know, somehow I told you so just doesn't quite say it... Detective Del Spooner, I Robot

[Native]

17. What happened to the 60% tarrifs on China he was threatening?

[modrepub]

18. Yea, Let's Do That!

Mark up those Trump banners, T-shirts and cheesy key chains being sold out of the back of late model club vans! And make sure those people are carrying official licensed Trump materials not some cheap knock-off Chinese goods!

[augyboston]

9. Here comes tRumpnomics aka as the next Republican recession and quite possible depression

For all those ignorant uninformed morons out there who voted for this clown and against Harris here comes tRumpnomics. If they were all worked up about inflation and grocery prices under Biden they're really going to love it after these tariffs go into place.

It is too bad that the MSM did not pound away at the fact that foreign countries do not pay the tariffs and that the American consumer does because many of these idiots believed tRump when he kept saying this would come out of the pockets of the exporting nations.

This will definitely derail consumer spending causing the economy to tank and if Musk and Ramaswamy (who are clueless when it comes to fiscal economics) simultaneously cut government spending by billions if not trillions of dollars the coming recession will turn into a full blown depression.

Add to this, tariffs are not done in a vacuum - China, Canada and Mexico will in all probability respond with tariffs on American goods and services and that very likely will tank the entire world economy.

This clown is being handed an economy that is running like a Ferrari. By the time he and his surrounding cast of idiots are done the US economy is going to look like a broken down Yugo.

The cost of ignorance is going to drag us all down.

[orwell]

11. I'm going with...

...Maganomics® as the preferred term.

Otherwise...nice synopsis.

[Native]

13. Here are Trump's posts:

Link to tweet

?s=19

[Native]

14. Produce prices gonna skyrocket.

[Midnight Writer]

15. Stock up on baby formula. Canada is a major supplier.

[Native]

16. "So the disaster won't happen as long as Canada and Mexico do us a solid...

So the disaster won't happen as long as Canada and Mexico do us a solid by stopping all illegal immigration across the nearly 6,000 miles of our northern and southern borders AND solving our fentanyl epidemic too?

Cool, cool cool.

https://bsky.app/profile/kevinmkruse.bsky.social/post/3lbsw6pqyic2q

[Nasruddin]

19. Measuring

Given what is planned with the FBI ... imagine what is going to happen with BLS and measurements of inflation, jobs, &c.
We are likely to see gaslighting as a national policy.

[maxsolomon]

20. If he does this, it will give Dems a chance of taking the House in '26.

Looking at the bright side...

[GigiLeigh]

24. This will hurt

American currency as well. Other countries may want to move away from US currency because of this, I read somewhere. That would be catastrophic.

[Aussie105]

25. Tariffs don't do anyone any good.

Well known fact, but not to some it seems.

I'm thinking tariffs can be avoided or the effects reduced by China and others by hyping up local consumption and looking more closely at the other countries they export to.
Maybe dropping prices there while cutting back on exports to America.

Whatever.

Going to destabilize the global economy, for sure.

But it's a cyclic thing.
Dems do responsible government, voters expected more, Repugs make unrealistic promises, the electorate eat the BS, and vote them in.
The Repugs then stuff up and make things worse, so voters bring back Dems who do their best to fix things.

The plaintive cries of 'But Trump promised us!' will echo around the country for the next 4 years.

[Evolve Dammit]

27. He is such a stupid fuck. We'll all be lucky to survive the impending madness. Magats too. They have no idea.

[Sneederbunk]

28. Where does a president get authority to impose unilaterall tariffs?