Fixed headline:
Cheeto warns Canada, Mexico that he’ll destroy his own economy come Saturday
Eggs coming down in price on Sunday.
Thanks for the reminder that I need eggs this weekend. They’re like $4 CAD a dozen here.
Supply management (economic planning) baby!
“Look, Mexico and Canada have never been good to us on trade,” he continued. “They’ve treated us very unfairly on trade, and we will be able to make that up very quickly because we don’t need the products that they have.”
Hahahahaha…oh god, comedy heaven!
…Wait, what do you mean this is not the onion?
“We don’t need the products that they have but we might not tax oil coming from Canada… Because… We… Eeeh… Don’t need it?”
The Agreement between the United States of America, Mexico, and Canada (USMCA) was entered into force on July, 1, 2020, under the USMCA Implementation Act, H.R. 5430; Public Law 116-113. It replaces the North American Free Trade Agreement (NAFTA) which was in force from January 1, 1994 to June 30, 2020.
Hmm who was president in 2020?
https://www.cbp.gov/trade/priority-issues/trade-agreements/free-trade-agreements/USMCA/FAQs
I know, it’s crazy how his supporters don’t put two and two together. HE MADE THE TRADE DEAL HE’S SUPPOSEDLY GETTING SHAFTED ON!
The USMCA was signed by Trump in 2018 (revised version signed in 2019). Implementation didn’t occur until 2020.
https://en.m.wikipedia.org/wiki/United_States–Mexico–Canada_Agreement
The U.S. imports 60% of its oil from Canada.
Tariffs on oil and microchips, should make a nice dent in cost of living.
The United States is one of the world’s largest oil producers, producing enough crude oil for domestic consumption and exporting millions of barrels daily. In 2023, it exported just over 10 million barrels per day, or b/d, of petroleum to 173 countries and three US territories.
Yet, the US also imports roughly 8 million b/d, mostly heavy crude,60% of which comes from Canada, up from 33% in 2013. US oil refining capacity stood at 18.4 million barrels per day (b/d) as of Jan. 1, 2024. This may seem counterintuitive, but there are several reasons why the US still relies on imports.
That says that 60% of the oil the USA imports comes from Camada, not that the USA imports 60% of its oil from Canada.
Sorry… what’s the difference? Both are about how much of the oil the U.S. imports comes from Canada.
Maybe I’m not reading it the way others would. I would have understood “The US imports 60% of its oil from Canada” to mean that 60% of the oil the USA consumes comes from Canada, not 60% of the oil the USA imports.
I lost track isn’t Canada a reliable exporter of medical isotopes too?
Edit hmm seems the us imports alot of those https://healthimaging.com/topics/medical-imaging/molecular-imaging/why-us-still-dependent-foreign-medical-isotope-production
Then do it bitch, I don’t care.
My job will literally not be affected and all the American companies we work with will just skirt the law to avoid tariffs because America or they will pay them.
Ain’t no one taking down the true north strong and free 🇨🇦🇨🇦🇨🇦
Same here. Personally, I’m also going to buy as little from the US as I can for the next while. Same as last time.
As an American, I also plan to buy as little American as I possibly can for the next 4 years. Corporate greed and bribery is what won the election, after all.
Fuck this guy
Neat the power to the us gets shut off 6 hrs after the announcement 🤣
I really hope Canada and Mexico do Free Trade Judo, rather than just counter-tariffs.
If Canada imposes a counter-tariff on American goods, it just makes things more expensive for Canadians. But, USMCA required that Canada and Mexico agree that the big tech companies can’t be sued in Canada or Mexico for content appearing on their platforms. Fuck that rule, let the lawsuits fly.
The update to NAFTA also required that Canada and Mexico adopt the ridiculously long US copyright term limits, making it life+70 years instead of life+50. So… go back to the original rules and bring a bunch of copyrighted American content into the public domain.
Mexico was required to adopt the “notice and takedown” bullshit from the DMCA. Fuck that. Mexico can go back to their old system. I don’t know what they used, but I’m sure it was better for the end-user than DMCA bullshit, and changing it back would only hurt Hollywood.
Instead of just counter-tariffs, make things cheaper and better for Canadian and Mexican citizens. In particular, fuck American copyrights. It’s ridiculous that Canada and Mexico were forced to bend over backwards for the benefit of Disney and friends. If the US wants its neighbors to respect its IP, then it needs to respect the free trade agreement that Trump fought for and signed.
This is exactly what we need to be looking at, that and patents, DMCA.
I also hope we latch on to EU directives and force companies to have proper GDPR like requests
If Trump does raise tariffs across the board on Canada and Mexico we will have stagflation well within 6 months. There will be nothing the Fed can do to stop it as this is not market driven. There is no way they can even pretend wages can keep up with a sudden artificial 25% price increase.
Car prices are going to go crazy lol.
Michigans entire economy is based around getting car parts machined cheaply in Ontario.
I suggest the counter is to stop respecting Intellectual Property for anything registered in the US, not just US Copyright but also Patents and Trademarks.
The US doesn’t actually make much and is hugely dependent on Intellectual Property to extract wealth from other people making stuff.
He cited the influx of migrants at the southern border, the flow of fentanyl into the United States and the trade deficit the U.S. has with its neighbors.
43 pounds. That’s how much fentanyl was seized at the US-Canada border in 2024. 43 pounds. He’s going to destroy a $1 trillion trade relationship over 43 pounds. If you voted for this asshole you are an utter moron.
Hrm. Maybe I should pull some money out of my US account tomorrow morning. Not sure what, if it happens, would do to the exchange rate
Elected by people to lower groceries Increases groceries Then remove tariff and claim he lowered it.
It’s like sale prices at JCPenny.
It’s What happens when you treat a country like business.
How many businesses has he bankrupted again?
I actually thought he was going to declare usa bankrupt 1st time as a strategy. Now I realize if it happens it was not 5d chess.
all of them
