Trump is imposing a new tariff on Canada, just 24 hours after he announced he was pausing the 25% tariff on most Canadian goods. Newsweek's live blog is closed.
Trump is imposing a new tariff on Canada, just 24 hours after he announced he was pausing the 25% tariff on most imports.
I don’t think people have an issue with the reasoning. The problem is that this is the 3rd or 4th time in, what, 5 weeks, that Trump has threatened tariffs? And we’ve seen the damage that is flooding to the markets.
As an example, we don’t have tariffs on wood right now, but because of the constant back and forth on it, suppliers have just gone ahead and kept their prices high to reflect the uncertainty of future sales. A 2x4, 10’, has nearly doubled since the beginning of February until now, even though tariffs on wood imports never officially happened. Just the constant threats are fucking things up.
I was just pointing out the US ‘equal tariffs’ justification itself is a lie since Canada doesn’t do blanket tariffs on all dairy imports and 250 is the highest possible.
Trump trying to weild them as threats and inconsistently following through is a big part of it too, but pointing his ‘matching’ tariffs are based on misleading numbers is also important.
I don’t think people have an issue with the reasoning. The problem is that this is the 3rd or 4th time in, what, 5 weeks, that Trump has threatened tariffs? And we’ve seen the damage that is flooding to the markets.
As an example, we don’t have tariffs on wood right now, but because of the constant back and forth on it, suppliers have just gone ahead and kept their prices high to reflect the uncertainty of future sales. A 2x4, 10’, has nearly doubled since the beginning of February until now, even though tariffs on wood imports never officially happened. Just the constant threats are fucking things up.
I was just pointing out the US ‘equal tariffs’ justification itself is a lie since Canada doesn’t do blanket tariffs on all dairy imports and 250 is the highest possible.
Trump trying to weild them as threats and inconsistently following through is a big part of it too, but pointing his ‘matching’ tariffs are based on misleading numbers is also important.