Is the US going to Annex Canada? by force? or just destroy the Canadian Econ for fun

[californiagrown]

Trump listed a shit ton of tariffs on his stupid chart he's holding up, but I don't see Canada listed?

He was only listing NEW tarriffs. Mexico and canada had already been announced.
Welp, back to not buying anything new for a few years. I guess i have to buy food new... but thats it!!!!

[dan_pdx]

Yeah but on the upside all sorts of American Bourbon and Whiskey was WAY cheaper yesterday than in the recent past. I have a feeling it'll go a bit lower too. Just gotta change what yer drinkin

I don't drink whisky, but I do drink tequila and eat avocados, dammit. Maybe I should say "drank" and "ate"

[bennymac]

Freedom isn’t free

[Trackhead]

^^^ I see what you did there But probably nobody else does. Good catch.

[J. Barron DeJong]

nor Russia

Closely inspecting the list of tariffs/countries posted by the White House, Trump did not put tariffs on Russia. Ukraine's tariff is 10%, the EU's is 20%, and every American ally is on the list. But not Russia.

Other countries exempted from tariffs include North Korea and Belarus.

The White House claimed Russia was exempted because sanctions imposed over the Ukraine war had eliminated trade with Russia, which per the Admin's data (via USTR), is not true: https://ustr.gov/countries-regions/e...eurasia/russia

The $3.5 billion in U.S. trade with Russia is a figure larger than the GDP of dozens of countries Trump just hit with tariffs.

Iran *was* subjected to a 10% tariff, despite being under heavy trade embargo. Trump did not apply that logic to Russia, North Korea, or Belarus.

https://bsky.app/profile/fritschner..../3llue7b4fbk2x

[bennymac]

Safe to assume this was all well thought out and planned with experts weighing in over the last few months - rather than something dictated to an assistant in the middle of the night who was helping Trump with his diaper.

[Trackhead]

Considering he was Tweeting last night at 1am, I think the latter is probably more accurate.

[LeeLau]

https://www.scmp.com/news/us/diploma...gtype=homepage

Chinese imports will face 34 per cent tariffs, while those from the European Union will be levied 20 per cent duties. Imports from Japan, South Korea and India will be taxed an additional 24, 25 and 26 per cent respectively.Imports from Southeast Asian countries such as Vietnam, Malaysia, Indonesia will face 46, 24 and 32 per cent tariffs respectively.
As per a tariffs chart Trump showed the audience at the event, Cambodia will be slapped with the highest tariff at 49 per cent.Levies for imports from Taiwan, home to the world’s most advanced semiconductors, has been set at 32 per cent. Other US allies in the Indo-Pacific - Australia and the Philippines - will be charged 10 and 17 per cent duties respectively.
After the Budget Lab at Yale University, which analyzes policy proposals, conducted a modelling exercise last month, it estimated that fully enacted US reciprocal tariffs would elevate overall US levies to 13 per cent, their highest level since 1937 – during the Great Depression.Average household costs would rise by 1.7 per cent to 2.1 per cent, it added, resulting in reductions of annual income of as much as US$3,400 – cuts that would be felt most deeply by the poor.RUSSIA gets a new wave of foreign aid!

[J. Barron DeJong]

Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did.
Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.
So we have a $17.9 billion trade deficit with Indonesia. Its exports to us
are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate
Indonesia charges us. What extraordinary nonsense this is.

https://bsky.app/profile/hmmvryintrs.../3llugxrcu3c2j

[Ted Striker]

Fucking hell. Can't say I'm surprised though.

[BmillsSkier]

This fucking clown is too stupid for words.

[J. Barron DeJong]

Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us. So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is. https://bsky.app/profile/hmmvryintrs.../3llugxrcu3c2j

To give a sense of how fucking insane this methodology is:

- Canada has a free trade agreement with the US. Basically no tariffs, US can export/import freely. But there is net difference in trade between the US and Canada so Canada is being hit with big tariffs.

-Turkey imposes an average 17% tariff on US imports, so a real barrier to trade. BUT, no net trade imbalance so they get hit with the minimum 10% US tariff.

Why 10% even for countries with equal trade or a trade surplus? Who the fuck knows.

If these tariffs do stay in place, we are looking at a global depression.

[m2711c]

Elections have consequences.

[J. Barron DeJong]

Shooting ourselves in the foot, then the dick, then the face - to own the libs.

[toast2266]

Shooting ourselves in the foot, then the dick, then the face - to own the libs.

To be fair, he is successfully owning the libs.

The fact that pretty much everyone else on the planet are collateral damage is beside the point.

Sent from my SM-S901U using Tapatalk

[J. Barron DeJong]

Capital Economics: if today's announcements are implemented, the effective US tariff rate will shoot straight past the Smoot-Hawley levels of the 1930s.

"The effective tariff rate on all imports will rise from 2.3% last year to around 26%, leaving it at a 131-year high"

https://bsky.app/profile/birdyword.b.../3lluiuls4hk2r

[Trackhead]

Trump is a few years beyond average U.S. male life expectancy….hope the statistic catches up soon.

[PB]

Unfortunately, Vance is no better, and will live so much longer. Long Live the (next) King!

[J. Barron DeJong]

It is so fucking stupid:

We tariffed BIOT, Mike.

BIOT. Diego fucking Garcia.

We tarrifed our own military base.

https://bsky.app/profile/stemtheblee.../3lluk2jqbmc2b

[DougW]

So Americans will pay a lot more for ski equipment and forget about the backdoor from Canada as it would not be NAFTA compliant.I see more ski tourism from Americans to Canada coming back with ski equipment.

[J. Barron DeJong]

Krugman primer on trade deficits for anyone who wants a more in depth understanding of why the Trump has decided to apply tariffs is fucking stupid:

https://paulkrugman.substack.com/p/a...m_medium=email

The short answer for why we have persistent trade deficits with some countries is because they invest in the United States (foreign companies building US factories, for example), or they buy US government bonds

We are punishing the countries who are investing in America the most.

[Ted Striker]

Quote: "So Americans will pay a lot more for ski equipment"

Bikes.

[DougW]

Right don't all those bike frames come from Taiwan ??

[J. Barron DeJong]

It is possible we have such absolutely fucking moronic trade policy because of AI:

This might be the first large-scale application of Al technology to geopolitics.. 40, 03 high, Gemini 2.5 pro, Claude 3.7, Grok all give the same answer to the question on how to impose tariffs easily.

(Screenshots of their outputs at the link)

https://bsky.app/profile/dansinker.c.../3llunnyfeoj2v

Apparently the AI outputs all did include something along the lines of -this would not be a good way to do it-, but here we are...

[J. Barron DeJong]

HAHAHAHA FUCK!!!!

This tweet is correct, but it's actually worse than I thought: in calculating the tariff rate, Trump's people only used the trade deficit in goods. So even though we run a trade surplus in services with the world, those exports don't count as far as Trump is concerned.

https://bsky.app/profile/billscher.b.../3llunqvblyk2m