A threat of a 25 percent tariff on Canadian and Mexican exports is likely to depress the value of the Canadian dollar even further, making it even cheaper to shoot up north — and sticking it to Gavin Newsom's plan to staunch a California production exodus.
Wow, did not expect downvotes for asking a question, so thanks for responding.
I guess to clarify, I’m not worrying too much because if or when these tariffs get implemented and they prove to be ineffective and unpopular, he will immediately fold and backtrack. But I realize now, this will probably have it’s own consequences.
The issue is that nobody trusts corporations/capitalism.
Companies will have to increase prices due to tariffs because the line has to go up.
And when trump implements tariffs and the (if) he folds, the prices won’t go back down. They will stay at that level. Because suddenly, C-suite get to show a huge line-go-up and they get to receive a huge bonus that reflects this 25% (well, lower. But the required rise due to tariffs suddenly being free real-estate) profit increase that they pull out of their ass.
That’s the circlejerk effect for ya. It’s also hard to discern people’s tone online, so some people may interpret a genuine question as something insincere. Not like it really matters though, points aren’t worth anything haha
Anyway, I wouldn’t be so sure he’d fold and backtrack on unpopular policy. He rarely did during his first term, and there were many very unpopular things he did.
Personally, I’m of the view that if Trump is implementing any economic policies like this, it’s going to be making him money directly and/or indirectly. So if that’s his ulterior motive in this context, he won’t care how unpopular it is until he extracts whatever amount of money he wanted out of it. Then, once he or his allies have made their money, they’ll roll back the policy and play it off like he had a change of heart and his bullshit PR outlets will spin it as him having some grand plan all along…
I’ve been mostly ignoring all this tariff talk. Is there reason to believe that this will be any different from his promise of building a wall?
Yes, tariffs are much easier for him to implement than building 1000+ miles of wall.
Wow, did not expect downvotes for asking a question, so thanks for responding.
I guess to clarify, I’m not worrying too much because if or when these tariffs get implemented and they prove to be ineffective and unpopular, he will immediately fold and backtrack. But I realize now, this will probably have it’s own consequences.
The issue is that nobody trusts corporations/capitalism.
Companies will have to increase prices due to tariffs because the line has to go up.
And when trump implements tariffs and the (if) he folds, the prices won’t go back down. They will stay at that level. Because suddenly, C-suite get to show a huge line-go-up and they get to receive a huge bonus that reflects this 25% (well, lower. But the required rise due to tariffs suddenly being free real-estate) profit increase that they pull out of their ass.
That’s the circlejerk effect for ya. It’s also hard to discern people’s tone online, so some people may interpret a genuine question as something insincere. Not like it really matters though, points aren’t worth anything haha
Anyway, I wouldn’t be so sure he’d fold and backtrack on unpopular policy. He rarely did during his first term, and there were many very unpopular things he did.
Personally, I’m of the view that if Trump is implementing any economic policies like this, it’s going to be making him money directly and/or indirectly. So if that’s his ulterior motive in this context, he won’t care how unpopular it is until he extracts whatever amount of money he wanted out of it. Then, once he or his allies have made their money, they’ll roll back the policy and play it off like he had a change of heart and his bullshit PR outlets will spin it as him having some grand plan all along…