100 years of low tax tradition. And MAGA just sleep walks right into what might be the largest tax hike ever. Imagine your largest trade partners all slapping you with tariffs.
That's one of the biggest factors that made the US so wealthy. Our country has access to both the Pacific and Atlantic oceans, so we can easily trade with the whole world. Not too many countries have this. Impeding international trade is shooting ourself in the foot.
@@bnbcraft6666 China and others are using Mexico and Canada's nafta inclusion to avoid import fees and commandeer supply lines that used to support american jobs.
Oh good. They'll save money on the front end, raise the prices, and none of us will see the cost reduction. Just makes the rich richer and the poor poorer
And what do you want them to do if they need more materials/products and the prices of tariffs are raised how will they keep the same cost of their product when the storage is empty?
The tariffs will be tough on us in Canada, but the US will be dealing with tariffs from not just one, but all of its largest trading partners. Canada, Mexico, China, EU....good luck with that.
Trump for life. Imagine believing kamala would be a better pick. I could never act as dumb as yall.😂 Imagine believing your own delusional opinion. If I was you I would stop and just leave the Earth.
9:21 This is what consumers need to understand: when the US government imposes tariffs on a product imported from another country, it sounds like it is imposed on that other country directly, but this is not the case. The tariff is immediately paid by the US company buying those products from the other country, in this case China. So the one paying for the tariff is not the other country, but the US company that buys that product from the other country. This company will likely decide to not buy the product from that country anymore, and then, of course, that other country's economy is also affected. It is, in essence, the US government telling this company: do not buy from that country anymore or else pay the tariff.
@Bmac4863 The thought process is America will be rich as a result of the tariffs. American companies who have their products made overseas will likely produce in America again in order to avoid tarrifs. Therefore, the American economy will be greatly stimulated.
@@jwilsonbb5684 How fast has Europe moved away from Russian trade? Global trade doesn't like insecurity and the US has become a high-risk trade partner. For example: 1. why would any airline buy a high-risk Boeing airplane when there is Airbus? 2. For China: instead of buying Boeing airplanes, let's rely on Europe and spend billions into our own airplanes.
They're going to stockpile a supply that will last them a few months, but they'll raise prices immediately and blame it on tariffs. It's all about the profits.
ANY business would have to raise prices so they can "buy" more when we need it again.. I bought turquoise 10yrs ago it was $10. I still have 20 strands of that product today but I'm not going to sell it for that $10 today b/c I'd need to replace it with today's prices so I'm going to charge the difference of todays $50 to $75 then add my profit on top (that's how it works) because I have to replace it if that's my business. what goes out you have to replace and if you're charging what you paid 10yrs ago that's not going to get you the funds to replace it today.. (if that all makes sense to you) BTW not selling my turquoise LOL..
@@georgewashington1106 that's a fine comment, but "blame" price increase on tariffs? As when the body shop "blames" the damage on a car accident. Cause and Effects.
@@BlockYTCensorship - Not true. Trump said it wouldn't raise prices, and the companies would pay the tariffs, not the consumers. And we all know he wouldn't say it if it wasn't true.
😂😂😂 Trump promising lower prices for everyone and now will raise prices for everyone 😂😂😂. You get what you choose. Vote for a liar. You are gonna get lied too.
@@henryairconcepts2999 Yes, Meidastouch had videos on some Trump voters not understanding tariffs. But Trump lies and contradicts himself too. This is why some people say American politicians is just a popularity contest about things like personality and just trying to swindle people for votes. I think Washington Post counted 100s of lies from Trump. More Perfect Union had a recent video of Trump saying he didn't like things like lobbying, but Trump received millions of dollars of lobbying money from billionaires. Robert Reich talked about how Trump hired 14 billionaires to work with his presidency.
The typical American isn’t smart enough to understand how the economy and politics work. The typical American doesn’t even find China or Europe on a map. They get what they voted for. Voting for a pathological liar and narcissist that just want to make himself, his family and his rich buddies richer, will not benefit any middle class American citizen at all. But maybe that is what this country needed so all the MAGA populists will finally wake up.
Bro, it takes time to see greatness. You think the Biden Administration ruined the American economy over night. Trump does not have a magic to make it happen instantly
Tariffs are a tax on American businesses that import goods from foreign nations, collected by the U.S. government, with the revenue going to the U.S. Treasury. The cost of tariffs are passed on to the American consumer in the form of inflation. During Donald Trump's first presidency, the value of the U.S. dollar declined 11%. Moody's downgraded the U.S. credit outlook from stable to negative.
@@stop_lying_to_me he said he wanted to devalue the American dollar to fix inflation. The dollar is too strong making it harder for other countries to import our products so they devalue it so more people can import American products and more money can circulate in our economy
Are you saying that you don't like him protecting your job lol or how he's trying to get rid of income taxes which if you don't buy a lot of stuff from other countries you would be saving a lot more due to not paying taxes lol js 😂
@@LivingRetirementBro you’re making assumptions about the outcome. Tariffs don’t last forever, we‘ll have to wait to see who bends the knee first. I’m loving every second of this and I’m not a big spender so this doesn’t affect me much. Me and my family work together to get through hard times.
@@chacegoodwin8626but aren't taxes good to fund the military and public service lol what's gonna happen is a greater depression watch soon Mexico and others will join brics and it's new currency making the USA have no power and making everything expensive in the states u need to re think ur vote next time trump has no plan has no clue what he is doing all he is doing is dividing and making enemies guys a joke and the sad part is Americans ur average joe will pay for it the most I'm sure more Americans will wake up and see this wasnt the best answer
Trump is planning to end the income tax which will grant all americans increased disposable income for debt repayment, savings, and investment with these tariffs, and drastic fed gov cuts.
Have you actually read up on tarrifs? Or are you just drinking the crazy koolaide? I would rather go without certain things to keep people dying of fentynal and other drugs.. also bring back companies to the US! ❤
That's what Canada is doing. They are adding dollar-for-dollar retaliatory tariffs. Watch some Canadian news channels to see both sides (CBC, or CBC National). The idiots who voted for the orange toddler and his tariffs, won't be singing their dictator's phrase when everything is 50% more expensive. Stock up on candles, and buy a bicycle, because some people won't be able to afford electricity or gas if a tariff war goes full swing.
@@Liberalsareaplaguewe are 38 million people use per capita. We are ressourced based economy you cant manufacture what comes out of the ground. We will do fine finding other customers instead of relying on a single one😂
Replacing the progressive income tax with a regressive sales tax and convincing a majority of Americans it's actually good for them. This at a time when the gap between the rich and poor has never been greater.
it's a beautiful system. Rich people buy more things and therefore will be taxed more. Lower income americans though will have more of their income available for them to pay off debts, increase savings, and investments allowing for better wealth generation.
@@skulltula6799 Opposite actually - the rich will continue to pay next to nothing in taxes & sit on their mountain of gold. The poor will have the cost of their non-negotiable essentials increase which will compensate for the loss of tax revenue. Tariffs are a domestic tax on foreign goods. Americans are paying this 25% - not Chinese, Mexican or Canadian businesses. All this is is a transfer of taxation from those who can pay to those who can't afford not too. The beauty of this is that it's not about trade deficits & tariffs. Its about restructuring americas economy to a point where the poor have no choice but to accept low wages & dangerous working conditions with no hope of economic mobility. Sure - you might get your auto & manufacturing jobs back but you're kidding yourself if you think they'll pay more than China or Mexico are paying their workers now. Your 'president' is saying "I want my economy to be built on cheap labour to enrichen the (wealthy) American people." Good luck!
@@24allixExactly, and very well put. The trickle down myth continues, of course, and it is easily exploitable. I'm not sure when the US will learn. The electorate voted for the higher costs they will get, and the ramifications of it. The solution to the competitive economic gains of the use of essentially feudal slave labor is not reactive tariffs on these corporations' related imports, unless the ultimate goal is to further worsen income inequality amongst US consumers, and shift back to feudalism ourselves to compete with the others where labor costs are tiny. Using broad, fairly nonspecific tariffs in place of income tax is a terrible idea for nearly everyone.
letting countries import items to US for free while they tariff US or cause damage to our own economy NO BUENO :). South africa is a prime example of screwing over the USA
They’re gonna be in told by their cult leader that this is a good thing, that paying more is actually a way to get back at the dems or something idk. MAGA are beyond help at this point. Reason won’t get them out anymore.
Voters have put a man who has consistently bankrupted others during his project development years. So does any of this lack of understanding surprise people? Every day I read where DT supporters are now lamenting their choice and support of DT. Really? How dumb could these folks be? Read On: We are a moderate income retired couple, who've 'been planning a small construction project on our property to start in June. After much discussion last night, this morning we cancelled the project (before we signed noncancellable contracts). Cancelling this tiny project will (sadly) cause significant grief (loss of income) to no fewer than 100 construction wage earners. We simply don't know the exact impact of the tariffs on our little project. We are not alone in this quandary. Read On: Each day we drive by a county funded construction project that will bring about 50 low-moderate homes on line for much needed additional housing. Today it was announced that project will be furloughed until further notice.
Yes and no. 25% on Mexico and Canada because they allow fentanyl, illegal immigration, and China uses them to escape tariffs placed on them. 10% on China because China is a more delicate situation - South China Sea, BRICS, Russia, etc. He mentioned placing a 100% tariff on BRICS - China is the C in BRICS
The chinese has moved their manufacturing factories TO mexico and canada, so they can avoid the tax. That's why trump wants to raise taxes on mexico and canada. The chinese aren't dumb. It seems the only dumb ones are Americans, like MAGAs.
@@HH-le1viyes, but where do you think those batteries come from, China. Steel comes from Canada and Mexico is the number maker of 12V batteries just go look at your battery in your car it says made in Mexico.
All i will say as a Mexican living and working in Mexico, as a Lab Chemist is this: this is gonna be bad for all parties involved, a shame really. In any case, good luck for everyone. Cause if life is already expensive, is gonna become even more so now.
This Canadian figures we'll feel the US tariffs. But the US will feel the tariffs from Canada, Mexico, China, EU....all at once. Seems like a dumb plan to me.
It’s the consumers and pharmaceutical distributors that will pay and eventually the consumer in the U.S. . Drugs/chemicals are not like avocados or beer…we have to pay for these materials and chemicals and drugs regardless. So it’s the US consumers and patients that lose the most.
As an American I’m okay with reducing my intake of foreign goods. Hell it might finally force Americans to change their spending habits to finally be more financially responsible. Everyone relies on Americans terrible spending habits. Both Mexico and Canada relies on Americans to spend that paycheck as soon as they get it. What does America get out of the deal? Cheap goods and money for the government? Not a good deal for Americans if you ask me. We don’t have e free healthcare or a robust welfare system, seems to me Americans subsidies that for both Canadians and Mexicans. 💁♂️
All these issues stem from an economy grappling with uncertainties, including housing problems,foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.
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Well to be specific, USMCA, that replaced NAFTA, included the right for the US to review the terms in order to A) Change the agreement B) Cancel the agreement Although I will mention that review period is not due for another year. BTW I work in Mexico/US import/export and this will effectively ruin our book of business.
We always try yo buy made in Canada here. However made in the usa was always a good second choice. With these tarrifs most Canadians won't buy American products anymore. Trump is trying to start a trade war with one of the Americans oldest friends and allies. Our industries are intermixed. Things get made in Canada, shipped to the states, then back and forth.
Finally! An intelligent post! 👍 Google won't tell us how many US corps operate in Canada. Because of our (I'm 🇺🇸) open trade policies, practically all Can/US businesses have operations in both countries. A very few might switch production to the US, but likely will pass tariffs to the consumer. Trump is an economic Rain Man, endlessly repeating a word he has no understanding of.
The US gives millions of dollars in subsidies to Canada and to Mexico. Big trade deficits. The tariffs will destroy Canada's economy. Put millions out of work. Trudeau needs to be replaced if Canada has any hope of surviving.
Instead of buying American defense systems we can decide to go exclusively with EU equipment. Too bad we choose the F35 instead of the Gripen. The US is very to shoot itself in the foot.
You are not going to be able to dodge the 25% of Electricity in the USA today being cut off by Canada. Same with the 2 million barrels of oil each day, same with iron ore and pellets for your steel industry who will have no Electricity to run the plants anyway.
This is an excellent overview of how tariff changes directly impact businesses. The examples Rick shares are excellent. It's important to review what you are currently paying in duties now and how an increase might impact your margins and retail pricing.
This companies have stocked goods in advance and will also raise the prices of those goods as soon as tariffs are implemented. So now they will more more profit than their usual percentage.
@@projectanimatedstories876 I think a new wave of money printing is coming to USA to "control" the posible rammification of this, similar to what happened in COVID. I could be wrong tho
Even with 10% tariffs on Chinese Temu goods, they will still be the cheapest place to buy anything on the internet. That just means your importing the same stuff from China at higher prices
Why isn't Corp media telling you there are 70,000 US corps operating in China. 48,000 in Mexico. Most Canadian corps has US operations. Why the secrecy?
I'm over here really trying to figure out who actually benefits from tariffs. I'm hearing from all sides it gets passed onto the consumer, so the logic that trump is operating on is that americans switch to buying American produced goods. But won't that take some time for all of those factories you mentioned to switch back to being built in America? I'm just trying to understand what's going to happen. Thanks.
Santsi... That's the most honest question I've seen so far. 👍 Over the course of MANY years, a country might use tariffs, while building an industry to complete. China did exactly that. US companies moved operations (not headquarters) elsewhere long ago. They won't abandon investments there now. It's just common sense. Trump lacks common sense, your question is brilliant common sense!! 😊
@@santsi7306 We had the same in EU when chinese goods got tariffs put onto them. Guess what happened - people stopped "buying" altogether. Getting the same goods in-house in EU, where there are taxes already placed on them, the item costs 3x as much. People said "yeah f that". Eastern europe got hit the worst because our wages are crappier compared to western side. I do understand the arguement that the products weren't that good to begin with, but it's not true for "everything".
TealMafia... Domestic market protectionism is just Supply Side economics by another name. China actively helps make corporations competitive, not trying to run them, or make policies for them. They are doing what Europe and America did after WW2, only much better.
Big corporations are already increasing prices on current stock to get ahead of the tariffs, so they won't have dip into their profits on their next orders from abroad! Corporations will be making boat loads of money while 70% of the population starve and eventually become even more poor!
...that and the fact that they need to pay customs upfront...before the stock leaves point of entry and therefore before they sell anything. Imagine you sell at a loss and you have already paid the tariffs 😬
Been saying for months to my idiot co workers who think it's the manufacturing countries that pays for the tariffs. "ITS TIME FOR CHINA TO PAY FOR THEIR FAIR SHARE"..... Explained to them over and over how it actually works but nope somehow that information doesn't retain to their brain. I will play this in our breakroom today on max volume.
It’s not just about the tariffs themselves-it’s the ripple effect. Canada and Mexico are already talking retaliation, and China’s not going to sit back either. This could turn into a full-blown trade war 2.0.
Canada and Mexico should form a pact to combat tarrifs. Mexico and Canada should raise export prices to the US by 1000% and watch how fast the US consumer will revolt against tarrifs. Fresh produce is needed everywhere in the world, no problem finding buyers. Car parts from mexico can sqeeze americans to revolt against policy.
Canada is economically smaller than Texas,the US can produce all the car parts and oil we need,there will be no revolt from moving car seat assembly back to Detroit or to SC or AL!
What happens to tesla when their cars are 200K and other vehicles will be less than 80? Lower production for tesla will increase costs on everything they use. That will hurt them, matter of fact without foriegn sales tesla could be headed into serious trouble. Don't forget the world is being threatened by trump and I highly doubt anyone will bend over.
Nah, we produce enough eggs for Canadian consumption, same with Pork. Matter of fact without the US buying our pork the price might drop! Plus China, Asia and the EU will increase purchases because of the lower cost. For some there will be excess and new markets. Our farming will be supported via all levels of government.
The point of tariffs is that people don't need to buy more Chinese or overseas imports that are made for pennies and sold for mark ups that have made these companies beyond wealthy rather than making or creating these products in the US and employing the people into jobs that purchase these overly expensive things. These companies are pitching that they have to pay a little more and they are turning those cost up more by inflating the products. They pay 5 dollars more in tariffs and the purchaser pays 10 dollars.
A very well-written and informative article that clearly presents all angles of what these rates would mean for everyone involved. An excellent, professional, and objective piece.
The tariff on China is only 10% and 25% for Mexico and Canada. Shoes going from $50 to $75 is a 50% increase. That shoe company is ripping off people with their corporate greed.
What people don't understand is that the profit margins on many of these products is Sky High. The cost to produce that shoe was like $2.50 so a 25% tariff should only increase the price by about 50 cents. Electronics will be hit the hardest because the profit margin on many completely assembled electronics is in the single digits. For example, a $1000 TV may cost $986 to make so a 25% tariff would increase the cost of the TV by almost $250. This is why electronics are going to be the quickest thing to be produced in America again.
Yeah the shoe guy is obviously making bank importing shoes made for next to nothing in China... and then selling them for $50 a pair... 🧐 Crocodile tears 😂
@@toddt5562 Agree, the shoe guy and the CNBC reporter were selling a false story.Selective industry attention,let's talk about selling Ford trucks in China,CNBC.
Income-Shrinkflation is a thing I'm starting to notice a lot of companies have been starting to do since 2024. With increases in Ionger working hours.😵💫 I hope this trend stops immediately this year.🤔
And these people that voted for Trump that have made higher education the enemy can all go do the cleaning, roofing, landscaping and be the dishwashers and cook preps now that they are getting rid of the “cheap labor source”. They’ve been fooled. Make America Gullible Again Is what MAGA stands for.
They’re front loading, and they’ll still likely charge us that tariff price on things they front loaded. And all tariff increases will be past onto the consumer. Saved you 13 minutes.
Imagine we have politicians and media-today, calling What Madison, Hamilton, and founders did “unconstitutional” or “un American” LOL (now read some of the comments)
Unfortunately tariffs are an old and outdated economic method that no longer works in the current supply and demand models that exist today. They can be effective in smaller, specific applications. Making trade fair is, of course, what we want... but across the board tariffs are not the way.
@@ショーン-x7f "'This country" is over 200 hundred years old. I know thats young 'as countries go' but.... You think things may have changed a little bit in that time? Million dollar economy to billion(s) dollar economy.
Canada needs to Stop with the regulations!! We need to deregulate some industries. DEREGULATE! telecommunications, Groceries, Medicine (drugs) and Construction...End the monopolies! Bring in high tech manufacturing into Canada, cut our bloated government, and no more welfare for newly arrived immigrants.
What a pinhead, the vast majority of immigrants want to work = a better life! Canada was built on immigrants, less than 4 generations, U need a better education!
Deregulate food and drugs so the exploitation of American’s health becomes even worse and more profitable for the rich? Also, not assisting people economically is exactly what causes some of them to resort to illegal activity.
10:28 this man said in his lifetime production moved to low wage parts of the world to make our products. When that shift happened when did goods become cheaper for consumers? It didn’t, companies did this to increase profits and now refuse to make less while profit margins are record high. How are these companies any different than slave owners when they exploit poor people in other parts of the world to work their life away making products for them?
As a former 30 year importer and Dallas-based importer/businessman......my view of this video was it was overly simplistic and clearly leaned anti-Trump to the best of its abilities.1.)Mr. Muskat does not have to import 98% of his shoes from one country,China.Brazil,Thailand Indonesia and Viet Nam are hungry for marketshare as well most of US undervalued & under capacity factories in low labor countries all over the world.2.)Trump and his business people he's brought into govt understand trade far better than the lawyers and lobbiests that have run into unfair and unfriendly trade relationships with friends and foes around the world.3.) All the Europeans and Canadians on this site are underestimating the undercapacity of America's underutilized factories,especially in automated and higher value product categories cheap sneaker do not count,you can make high value cars and computers and solar panels in Alabama and Mississippi too.Furniture doesn't have to be knock-down pressboard from Ikea either,real wood from N.C. = US jobs and more US buying power & wages to spend at Ashville's Walmart.Trade is liquid,and always has been since the Ottoman Turks cut off Europe's spice imports in 1453, and Columbus sailed west.
So whats GM Ford and Stellantis going to do? There dealership lots are staying full. I encourage people to read the VIN number to see when and where your vehicles are assembled.
@@skulltula6799 lol Stellantis can try and do whatever but it may be too late for them. They are in serious financial difficulty. Stellantis is not wholly owned by the US anymore but rather its a European consortium.
Our neighbors will cave on illegal immigration in days.We'll take the Canadian oil and wood we don't need.China will continue to obstruct on fentanyl try to act tough on sneakers and solar panels and will pay the price.Trump is playing chess.Our friends will cave in a matter of days.Mexico is building temporary housing for the illegal returnees.Columbia caved already.Venezuela just released unfairly held Americans yesterday.
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As an eBay reseller who sources inventory from thrift stores, I’ve noticed a significant shift in the thrift shopping landscape. Thrift stores are now flooded with customers who, in the past, might not have considered shopping secondhand. This influx of new shoppers became especially noticeable in mid 2024 and has only increased since then-along with thrift store prices. What was once a relaxed and relatively easy side business has now become highly competitive, making it more challenging to find quality inventory at affordable prices.
Front Loading will give Mexicos manufacturers time to shut down their operations and move their manufacturing equipment to America! It’s time to start now!
Buddy.. the reasons no one is in America is becuase its so expensive.. the reason why peopel are in poorer countries is because its cheaper.. its that simple.. you pay someon 1 $ usd vs 30$usd.. its that simple.. no company is moving to america to pay more.. get less.. deal with unions.. when you could litealrly exploit chinas poor. And get it for less than 1$usd..
When you can have soooo much stuff made in China, using cheap labour that pays a factory worker a dollar a day, how does Trump seriously expect American factories to compete, when unions insist on paying a factory worker 25 dollars an hour... HRH Donald is your typical baby boomer, still trapped in the greedy 80's when America was booming, (refusing to adapt to the new reality... 1.5 billion desperately poor people in China and 2 billion desperately poor people in India, are an endless supply of VERY cheap labour to be exploited by American corporations and trying to force them to make things in America, is BEYOND ridiculous.
China is no longer in the category of India,Bangladesh,Malasia.More goods are produced in the high-tech factories than were ever conceived of with dirt poor hand labor.The Chinese billionaires are in a battle with US companies all over the world.
China doesn't need to make all the products in the world, because it doesn't need to. But China makes more products than any other country in the world.
Republicans have historically supported free trade. Reagan was a champion of free trade. If you think Trump gives a dame about fair trade and the US economy, you are kidding yourself. This is all about vengeance and extortion.
Unfortunately tariffs are an old and outdated economic method that no longer works in the current supply and demand models that exist today. They can be effective in smaller, specific applications. Making trade fair is, of course, what we want... but across the board tariffs are not the way.
I'M NOT GOING TO SUGAR COAT IT (share this please): If our government truly cared, they would implement new rules for the payment of wages - 90% OF NET CAN NOW GO TO EMPLOYEES, so that if the billionaire class wants to have a trade war, then it will not affect anyone but the billionaire class!!! We've been facing difficult times for the last 50+ years, while the billionaire class (since Reagan Rep./Mulroney Cons.) implemented changes that saw a reduction over time of the ratio of pay:productivity to the point where primarily the exploitative, and people of their class, are the only ones able to afford having families. Then, out of what I can only imagine was pure stupidity and greed, our government saw fit to do them a solid for this and replaced the unborn future of Canada with a bunch of Third World wage slaves! It's about time those involved in committing them pay for these transgressions, right out of pocket, as wages, at a rate of 90% net to employees - FROM NOW ON, FOREVER, AD FINITO, END OF DISCUSSION! This solution will easily and with one fell swoop of a pen, solve the housing crisis, the health care crisis, the birth rate decline, poverty in general, government funding shortfalls, and so on. I think it's no coincidence that nobody in government is picking up on the fact that the billionaire class have us all right where they want us (unless they are in on this scam), but that we could simply deny them labour until they capitulate to our demands. General strikes have happened before and it appears that they will happen again. We, the working class, could also organize against the wealthy in other ways, and teach them a lesson about where 100% of their profits come from, and who can take away what they have grifted from us. We outnumber these dirty crooks several thousand to one and so it is that the majority of Canadian working voters should be calling the shots here, not these friends of billionaires in government, nor any employer, nor those holding housing for ransom! This government will capitulate on behalf of the billionaire class or things will get ugly. Maybe that was the plan all along? I just don't know who to trust any more. It seems as though those in power have forgotten the fact that history ignored is repeated and have instead made the conscious choice to side with the oppressors. If someone is threatening members of government in order to get them to play along, I suggest they blow the whistle on them to the public and become a well protected folk hero, who can then have the threat removed with the full force of Canada behind them. To me the grift is obvious: While these politicians play , "pass the buck," with our financial/mental/physical health and well-being, their corporate buddies continue to raise prices and post record profits. So it would seem that the corporate world and the government have colluded to cause grievous financial harm to all working Canadians, and they are all profiting from it greatly while the vast majority of us suffer, and in some cases, die preventable deaths because of intentional capital neglect. The wealthy will soon have targets on all their backs if this is the game they want to play. I suggest we practice our aim, so that when the time comes where there is no other option, we can affect the appropriate redistribution of the wealth that WE EARNED and THEY GRIFTED. And, if I may add; We all took an oath to, "Stand on Guard For Thee, O' Canada!" Whether it was in song or not doesn't matter. There was no mention of net worth or political office being a contributing factor to this in the National Anthem.
As a Canadian, I agree that border security is an issue that always needs attention-but this goes both ways. Every day, people, drugs, and guns are smuggled into Canada from the U.S. as well. Rather than pointing fingers, our two countries should be working together more effectively to combat these problems. And considering that Canada’s border situation is nowhere near the scale of what happens on the U.S.-Mexico border, it doesn’t make sense for Canada to receive the same tariff treatment. That said, I also believe Canada has put itself in this position through terrible government policies. We’ve failed to properly develop our energy sector when we should be a global energy powerhouse. Instead of capitalizing on our natural resources to strengthen both our own economy and North America as a whole, we've allowed political red tape and poor decision-making to hold us back. We should also be doing more in other areas-contributing at least 5% of our GDP to military spending, being a stronger and more reliable partner to the U.S. on the world stage, and securing an economic union with the U.S. that ensures North America remains strong, secure, and prosperous. Canada has the potential to do much more, but we’ve fallen behind due to weak leadership and short-sighted policies. That being said, Canada is still the largest importer of U.S. goods in the world-only Mexico comes close. And when you remove energy (oil) from the trade deficit, the U.S. actually runs a surplus with Canada. The U.S. benefits significantly from purchasing Canadian oil at a discount, refining it, and turning it into about $200 billion in revenue. So while we need to improve in many areas, we’re still pulling more than our weight economically.
Not only that.. if you want us to secure.. you need Canada to have money.. it’s not the canadians fault our gov is so corrupted.. but you tank our economy how are we going to put money into security and 💩.. like.. it makes no sense.. already people in canada hesitate to buy american because customs kills us.. get rid of the tariffs and customs.. let both countries flourish without gov inference… Same with china.. hate china our not.. there is a lot of. Stuff Americans became wealthy because they can make in china and hten sell for profit in America.. small business will be F because of this.. manufacturing in America is expensive.. Disney even moved to vancouver.. one of the most expensive places to live becaus it’s cheaper than california.. thats the advantage of haveing a strong dollar and exploiting countires with weaker ones..
Agree with most of what you wrote,Cousin.The issue of immigrants using temporary Canadian visas and sneaking over the border and the cartel's increased exploitation of them is an underrated problem,incongruent for a first world friend like Canada.
@@a.teamplano9535 I completely agree with your concerns. Canada has suffered under disastrous policies for the past nine years, and immigration has been one of the biggest failures. The student visa program has been widely exploited, and our “catch and release” bail system allows criminals to walk free shortly after being arrested-completely insane. Most Canadians I know want a change, and we’re hoping for a swift shift in government to fix these issues. As these tariffs move forward, I fear our government will use them as an excuse to invoke emergency powers-allowing them to spend taxpayer money we simply don’t have in an attempt to subsidize businesses and citizens. While that may sound beneficial at first, it would only add to our already crushing tax burden. If this continues, Canada will face more serious economic and social instability-something the U.S. likely wouldn’t want spilling over its northern border.
They only need 1 year for Canada and Mexico...If I was a betting man I'd say Trump's using tariffs as a weapon to get a better deal in 2026 when NAFTA gets renegotiated.
Does trump think that massive show factories are going to pop up all over the country over night? And the same for all the other items! It’s just ridiculous! The only people this will hurt are the American people!
US factories operating below capacity and fill demand immediately.You don't have to build new to increase production.Yes sneaker prices will go up until Bangladesh increases production,trade is liquid.
I don't expect you to think it through because of who you are and how you distort things but all Mexico and Canada have to do is secure the borders and there will be no tariffs so they should be doing this anyway without the threat of tariffs. What don't you people understand???
Instead of imposing tariffs and hurting consumers now in exchange of uncertain (if any) benefits in the far future, the US government should be subsidizing national production with the trillions of dollars of taxpayer money they already steal from the people. Am I crazy here?
Trump filed for bancruptcy 6 times. He closed down 3 Trump Casinos. Any idiot who says Trump is going to help them with grocery prices is about to have a rude awakening.
Inventory is a massive expense. The company I work for had to lay off more than half of its staff, hundreds of jobs, all because we had too much product for the demand. Logistics isn’t easy and maybe this is the reason we didn’t tariff the American people so much and so suddenly.
>The United States used to be a manufacturing country. Since the end of the Second World War this changed from a manufacturing center to a consumer center. All governments since the end of that conflict have been increasing the national debt, all of which has devalued the US dollar to the point where, today, a US dollar is worth about three cents, yes three cents, compared with a 1971 US dollar. So, today all the consuming US public is consuming with devalued dollars, hence, the increase in the sticker price of all goods and services. We simply need more of these devalued dollars to buy anything. >The plan by the current US government to install these tariffs is a distraction from the real problem which is the US debt and the devalued US dollar. Currently, the US debt to GDP ratio is well over 100% and so the only way to get this ratio down is either to pay down the debt or to increase the productivity of the nation. The former is out of the question; the second option will take maybe twenty to thirty years. The latter is not unrealistic since it really took over forty years to create this problem in the first place.
You can’t front- load 4 years of imports.
Watch them
@@bwillwin1505 unlikely tariffs last 4 years
@@raymondarias5061 US companies will go bankrupt before a year.
@@raymondarias5061 When it comes to clothes, its out of fashion after 1 season. Consumer goods don't last long.
4? Make that 12+, Dems are in no shape to win the big one anytime soon.
So they front loaded to avoid tariffs, but are they going to still charge more because tariffs? Take a wild guess
Nope! Ha
This depends on the market
Well, if general market increase price? then hell YEA!
Unfortunately, they are. To cover for the extra money they are going to have to pay for the next batch.
Depends on their competition
I'm so old I remember when Republicans demanded free and open international markets.
@@jimmycrackcorn99 i mean, while its a nice concept, true free markets irl are a myth
100 years of low tax tradition. And MAGA just sleep walks right into what might be the largest tax hike ever. Imagine your largest trade partners all slapping you with tariffs.
That's one of the biggest factors that made the US so wealthy. Our country has access to both the Pacific and Atlantic oceans, so we can easily trade with the whole world. Not too many countries have this. Impeding international trade is shooting ourself in the foot.
You're probably not that old. Republicans were like this not even 20 years ago.
@robclark3095 that's kinda the joke.
I once had a boss that would constantly complain about "junk Chinese parts" and then 5 minutes later complain about "prices now".
I doubt the average American can tell you WHY DJT is doing this. Betcha.
The worst part are high prices and low quality products, that really burns my biscuits
Doesn't change the fact that Chinese made products are junk.
I'd rather have parts come from Mexico then China
@@bnbcraft6666 China and others are using Mexico and Canada's nafta inclusion to avoid import fees and commandeer supply lines that used to support american jobs.
Oh good. They'll save money on the front end, raise the prices, and none of us will see the cost reduction. Just makes the rich richer and the poor poorer
Your mad cooperations are paying more for the goods to come in?
Their plan this entire time
You're on CNBC, its all about ambition and getting rich.
It's no different than you buying the 5lb bag of rice instead of the 2lb. You're saving money by looking ahead.
And what do you want them to do if they need more materials/products and the prices of tariffs are raised how will they keep the same cost of their product when the storage is empty?
It’s what the American people voted for.
TRUMP/VANCE!!! ❤❤❤❤❤❤❤
😹
👍👍👍🥲
Let me guess u voted kamala
The American people voted to make Canada your enemy?
The tariffs will be tough on us in Canada, but the US will be dealing with tariffs from not just one, but all of its largest trading partners. Canada, Mexico, China, EU....good luck with that.
We’ll try to spend less. It is good for us. We’re spoiled 😂
We'll be just fine and companies will manufacture goods here creating U.S. jobs while reducing the reliance on foreign goods.
@@strykerentllcLol! The cost of those goods will be much higher than what you are used to paying. Good luck with that
@@strykerentllc Creating US jobs? Sounds expensive for the American consumer. lol
最佳窗口期已经过去了，产业是没有办法转移到美国的，美国的根本问题不是产业空心化的问题，是制度系统结构化的问题。很难，很难了，朋友！
HE SSAID HE WAS GOING TO DO THIS. YOU LITERALLY VOTED FOR THIS.
And it's not us customs and border control....it's us customs and border protection.
Yup and im loving it
Yes 👍
Go Trump!
Trump for life. Imagine believing kamala would be a better pick. I could never act as dumb as yall.😂 Imagine believing your own delusional opinion. If I was you I would stop and just leave the Earth.
You can’t front load food.
The one thing that’ll definitely harm every consumer
@@RoyalKingOliver canned food? And other conservated reserves?, Maybe. Fresh fruits, veggies and meat? Nope. Its gonna get ugly (probably)
You don't want food from China. It's toxic. Only like 20% of it is legit.
@@vianem1565 Always eating canned and preserved food sound like a good way to increase your risk of cardiovascular disease.
That’s what they want
9:21 This is what consumers need to understand: when the US government imposes tariffs on a product imported from another country, it sounds like it is imposed on that other country directly, but this is not the case. The tariff is immediately paid by the US company buying those products from the other country, in this case China. So the one paying for the tariff is not the other country, but the US company that buys that product from the other country. This company will likely decide to not buy the product from that country anymore, and then, of course, that other country's economy is also affected.
It is, in essence, the US government telling this company: do not buy from that country anymore or else pay the tariff.
correct!
@@Gavriel-og6jv but but but the orange man said other countries are going to make us very rich!
@Bmac4863 The thought process is America will be rich as a result of the tariffs. American companies who have their products made overseas will likely produce in America again in order to avoid tarrifs. Therefore, the American economy will be greatly stimulated.
The other countries charge us tariffs already, only fair to charge them back. 🎉
The only thing frustrating in your explanation, is that it needs to be explained…
Lesson: don't rely on the US as a trade partner.
Impossible. Where to market Canada's goods. Asia and Europe? at this time that your economy is already down?
@@jwilsonbb5684 How fast has Europe moved away from Russian trade? Global trade doesn't like insecurity and the US has become a high-risk trade partner.
For example:
1. why would any airline buy a high-risk Boeing airplane when there is Airbus?
2. For China: instead of buying Boeing airplanes, let's rely on Europe and spend billions into our own airplanes.
China will capitalize on this opportunity
@@josenieves9165 not just China. This chaos started a few hours after Trump spoke to Putin (allegedly)
@@josenieves9165as a Canadian I hope they do. China is stable and reliable trading partner. I’d like to see closer ties with Europe as well.
They're going to stockpile a supply that will last them a few months, but they'll raise prices immediately and blame it on tariffs.
It's all about the profits.
ANY business would have to raise prices so they can "buy" more when we need it again.. I bought turquoise 10yrs ago it was $10. I still have 20 strands of that product today but I'm not going to sell it for that $10 today b/c I'd need to replace it with today's prices so I'm going to charge the difference of todays $50 to $75 then add my profit on top (that's how it works) because I have to replace it if that's my business. what goes out you have to replace and if you're charging what you paid 10yrs ago that's not going to get you the funds to replace it today.. (if that all makes sense to you) BTW not selling my turquoise LOL..
@@georgewashington1106 that's a fine comment, but "blame" price increase on tariffs?
As when the body shop "blames" the damage on a car accident. Cause and Effects.
Exactly what they do !
Yeah, in a few months the tariffs will be in full effect, and they'll have pay more for it raising costs.
@@BlockYTCensorship - Not true. Trump said it wouldn't raise prices, and the companies would pay the tariffs, not the consumers. And we all know he wouldn't say it if it wasn't true.
😂😂😂 Trump promising lower prices for everyone and now will raise prices for everyone 😂😂😂. You get what you choose.
Vote for a liar. You are gonna get lied too.
He didn't lie when he said he would imply tariffs on imports. It's just his supporters are dumb enough to understand how tariff works
Tbf, do you know about the tariffs Biden let slide or started?
@@henryairconcepts2999 Yes, Meidastouch had videos on some Trump voters not understanding tariffs.
But Trump lies and contradicts himself too.
This is why some people say American politicians is just a popularity contest about things like personality and just trying to swindle people for votes.
I think Washington Post counted 100s of lies from Trump.
More Perfect Union had a recent video of Trump saying he didn't like things like lobbying, but Trump received millions of dollars of lobbying money from billionaires.
Robert Reich talked about how Trump hired 14 billionaires to work with his presidency.
The typical American isn’t smart enough to understand how the economy and politics work. The typical American doesn’t even find China or Europe on a map. They get what they voted for. Voting for a pathological liar and narcissist that just want to make himself, his family and his rich buddies richer, will not benefit any middle class American citizen at all. But maybe that is what this country needed so all the MAGA populists will finally wake up.
Bro, it takes time to see greatness. You think the Biden Administration ruined the American economy over night. Trump does not have a magic to make it happen instantly
I smell a 1929 depression
Sniffing around Biden's diaper again?
yes
Defiantly some years of Stagflation ....if not depression
1929. ? Heck no ! In a year from now 😅
Well he will have that legacy he wants....just might not be so positive how people remember him 😂
Imagine sh++ting yourself in the foot in the middle of a marathon.
You still have the other one.
The fanatics will stick with him until the end, like blind chickens!
Tariffs are a tax on American businesses that import goods from foreign nations, collected by the U.S. government, with the revenue going to the U.S. Treasury. The cost of tariffs are passed on to the American consumer in the form of inflation. During Donald Trump's first presidency, the value of the U.S. dollar declined 11%. Moody's downgraded the U.S. credit outlook from stable to negative.
Lovely
What would we do without you....
So why did Biden keep and expand trumps tariffs
@@DeusVult77763cuz he is old and senile... Remember
@@stop_lying_to_me he said he wanted to devalue the American dollar to fix inflation. The dollar is too strong making it harder for other countries to import our products so they devalue it so more people can import American products and more money can circulate in our economy
But Trump said tariffs are paid by foreign countries like China😂. It’s shocking how many Americans believes that.
Are you saying that you don't like him protecting your job lol or how he's trying to get rid of income taxes which if you don't buy a lot of stuff from other countries you would be saving a lot more due to not paying taxes lol js 😂
Truly shocking indeed! Plus they believed all those other lies he said as well!!!!
@@chacegoodwin8626 read what he wrote again bcuz u didnt understand
@@LivingRetirementBro you’re making assumptions about the outcome. Tariffs don’t last forever, we‘ll have to wait to see who bends the knee first.
I’m loving every second of this and I’m not a big spender so this doesn’t affect me much.
Me and my family work together to get through hard times.
@@chacegoodwin8626but aren't taxes good to fund the military and public service lol what's gonna happen is a greater depression watch soon Mexico and others will join brics and it's new currency making the USA have no power and making everything expensive in the states u need to re think ur vote next time trump has no plan has no clue what he is doing all he is doing is dividing and making enemies guys a joke and the sad part is Americans ur average joe will pay for it the most I'm sure more Americans will wake up and see this wasnt the best answer
Revenue tax cuts for the rich and high prices through tariffs for the poor... The divide will increase further between the wealthy and the poor
And yet people will still vote the same......😮💨
@@JohnDoe-pk2hsYep, you can't fix stoopd.
@@JohnDoe-pk2hs neither side is for the poor. Both are run by the elite. Don't be a moron
Trump is planning to end the income tax which will grant all americans increased disposable income for debt repayment, savings, and investment with these tariffs, and drastic fed gov cuts.
Have you actually read up on tarrifs? Or are you just drinking the crazy koolaide? I would rather go without certain things to keep people dying of fentynal and other drugs.. also bring back companies to the US! ❤
Canada,, Don't fight over this,, Just add 25% on the price of everything going to US.
That's what Canada is doing. They are adding dollar-for-dollar retaliatory tariffs. Watch some Canadian news channels to see both sides (CBC, or CBC National). The idiots who voted for the orange toddler and his tariffs, won't be singing their dictator's phrase when everything is 50% more expensive. Stock up on candles, and buy a bicycle, because some people won't be able to afford electricity or gas if a tariff war goes full swing.
I hope Canadian leaders are smart enough to make this especially painful for Americans.
Canada is being ruled by a moron, Canada needs a real Man in charge, not that "thing" that is governing the country.
🤣🤣🤣🤣 Canada’s gdp- less than 3 trillion. America’s gdp- 27.72 trillion…we’ll be just fine.
@@Liberalsareaplaguebut trump was supposed to lower grocery prices over there except he's doing the opposite you shouldn't be proud of that
Canada should just put a 100% tariff on Tesla cars. See how quickly the Trump-Elon administration caves.
@@Liberalsareaplaguewe are 38 million people use per capita. We are ressourced based economy you cant manufacture what comes out of the ground. We will do fine finding other customers instead of relying on a single one😂
Replacing the progressive income tax with a regressive sales tax and convincing a majority of Americans it's actually good for them. This at a time when the gap between the rich and poor has never been greater.
it's a beautiful system. Rich people buy more things and therefore will be taxed more. Lower income americans though will have more of their income available for them to pay off debts, increase savings, and investments allowing for better wealth generation.
@@skulltula6799 Opposite actually - the rich will continue to pay next to nothing in taxes & sit on their mountain of gold. The poor will have the cost of their non-negotiable essentials increase which will compensate for the loss of tax revenue. Tariffs are a domestic tax on foreign goods. Americans are paying this 25% - not Chinese, Mexican or Canadian businesses.
All this is is a transfer of taxation from those who can pay to those who can't afford not too.
The beauty of this is that it's not about trade deficits & tariffs. Its about restructuring americas economy to a point where the poor have no choice but to accept low wages & dangerous working conditions with no hope of economic mobility.
Sure - you might get your auto & manufacturing jobs back but you're kidding yourself if you think they'll pay more than China or Mexico are paying their workers now.
Your 'president' is saying "I want my economy to be built on cheap labour to enrichen the (wealthy) American people."
Good luck!
@@skulltula6799its the complete opposite and saying it over and over again to yourself wont make it true
@@24allixExactly, and very well put. The trickle down myth continues, of course, and it is easily exploitable. I'm not sure when the US will learn. The electorate voted for the higher costs they will get, and the ramifications of it. The solution to the competitive economic gains of the use of essentially feudal slave labor is not reactive tariffs on these corporations' related imports, unless the ultimate goal is to further worsen income inequality amongst US consumers, and shift back to feudalism ourselves to compete with the others where labor costs are tiny. Using broad, fairly nonspecific tariffs in place of income tax is a terrible idea for nearly everyone.
letting countries import items to US for free while they tariff US or cause damage to our own economy NO BUENO :). South africa is a prime example of screwing over the USA
To all the Trump supporters who speak in unreasonably optimistic tones, we'll see what your tone will be in the next few months.
Trump supporter here, I don't believe the media fear mongering.
it will be fine . your just sad and toxic to the core as well as hold no sense of morality.
42% of agricultural workers who just happen to be undocumented, are too afraid to show up to work. Where will the food be coming from?
I voted for Trump and nothing will ever make me regret it cause I voted on moral grounds but I can already feel these tariffs won’t end well
@ get to work buddy! exploiting illegal immigrants for low pay labor is wrong. America thinks running off illegals is moral and great
Where is the outrage from MAGA?
Good question
@@edward8972 they're always cool with it, if it's Trump.
whatever it cost for a pure white country with cheap to free labor from non whites
Probably never got that far in school where they had to take an economics class
They’re gonna be in told by their cult leader that this is a good thing, that paying more is actually a way to get back at the dems or something idk. MAGA are beyond help at this point. Reason won’t get them out anymore.
I don't feel bad for any of you companies crying about your prices going up. Stop buying all your materials from other countries
Voters have put a man who has consistently bankrupted others during his project development years. So does any of this lack of understanding surprise people? Every day I read where DT supporters are now lamenting their choice and support of DT. Really? How dumb could these folks be? Read On:
We are a moderate income retired couple, who've 'been planning a small construction project on our property to start in June. After much discussion last night, this morning we cancelled the project (before we signed noncancellable contracts). Cancelling this tiny project will (sadly) cause significant grief (loss of income) to no fewer than 100 construction wage earners.
We simply don't know the exact impact of the tariffs on our little project. We are not alone in this quandary. Read On:
Each day we drive by a county funded construction project that will bring about 50 low-moderate homes on line for much needed additional housing. Today it was announced that project will be furloughed until further notice.
And your friend Kamala would have allowed illegals to do the construction pennies on the dollar
I believe its in the constitution that if the government is corrupt, its legal for the people to overthrow it
@@themrjim1953 I don't think legality matters in that context.
What’s your opinion on the 2nd amendment?
yep, but magabillies will protect the government.
@@AverageJoe483why do you care what's the opinion of a random nobody?
@ I could say the same .
Just 10% for China because most Tesla's are made there. His battery plant will be too.
Yes and no.
25% on Mexico and Canada because they allow fentanyl, illegal immigration, and China uses them to escape tariffs placed on them.
10% on China because China is a more delicate situation - South China Sea, BRICS, Russia, etc.
He mentioned placing a 100% tariff on BRICS - China is the C in BRICS
The chinese has moved their manufacturing factories TO mexico and canada, so they can avoid the tax. That's why trump wants to raise taxes on mexico and canada. The chinese aren't dumb. It seems the only dumb ones are Americans, like MAGAs.
Your 2 cents should be worth a whole $2...
Teslas sold in the US are made in the US. Teslas made in China are for the Asian market
@@HH-le1viyes, but where do you think those batteries come from, China. Steel comes from Canada and Mexico is the number maker of 12V batteries just go look at your battery in your car it says made in Mexico.
All i will say as a Mexican living and working in Mexico, as a Lab Chemist is this: this is gonna be bad for all parties involved, a shame really. In any case, good luck for everyone. Cause if life is already expensive, is gonna become even more so now.
This Canadian figures we'll feel the US tariffs.
But the US will feel the tariffs from Canada, Mexico, China, EU....all at once.
Seems like a dumb plan to me.
@mikeb5664 its just not good for the consumers, on the immediate effect small businesses are the ones who are gonna feel it more.
It’s the consumers and pharmaceutical distributors that will pay and eventually the consumer in the U.S. . Drugs/chemicals are not like avocados or beer…we have to pay for these materials and chemicals and drugs regardless. So it’s the US consumers and patients that lose the most.
As an American I’m okay with reducing my intake of foreign goods. Hell it might finally force Americans to change their spending habits to finally be more financially responsible. Everyone relies on Americans terrible spending habits. Both Mexico and Canada relies on Americans to spend that paycheck as soon as they get it. What does America get out of the deal? Cheap goods and money for the government? Not a good deal for Americans if you ask me. We don’t have e free healthcare or a robust welfare system, seems to me Americans subsidies that for both Canadians and Mexicans. 💁♂️
@@LoveableLincoln32lmao
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I worked in a factory that made shoes here in the US. The market will adjust. It always does.
Crazy how we hardly make anything in the US anymore.
How are these tariffs even legal in the light of USMCA? Has the US simply ripped the treaty up?
Over 4 years ago he said he had negotiated the “best deal in the history of the world.”
Well to be specific, USMCA, that replaced NAFTA, included the right for the US to review the terms in order to A) Change the agreement
B) Cancel the agreement
Although I will mention that review period is not due for another year.
BTW I work in Mexico/US import/export and this will effectively ruin our book of business.
They're not. The US loses credibility by the day.
@@erick__97 Most treaties have such a provisión, but come on!
Trump "what you gonna do about it?"
We always try yo buy made in Canada here. However made in the usa was always a good second choice. With these tarrifs most Canadians won't buy American products anymore. Trump is trying to start a trade war with one of the Americans oldest friends and allies. Our industries are intermixed. Things get made in Canada, shipped to the states, then back and forth.
Finally! An intelligent post! 👍
Google won't tell us how many US corps operate in Canada. Because of our (I'm 🇺🇸) open trade policies, practically all Can/US businesses have operations in both countries. A very few might switch production to the US, but likely will pass tariffs to the consumer. Trump is an economic Rain Man, endlessly repeating a word he has no understanding of.
The US gives millions of dollars in subsidies to Canada and to Mexico. Big trade deficits. The tariffs will destroy Canada's economy. Put millions out of work. Trudeau needs to be replaced if Canada has any hope of surviving.
I'm happy that people are getting what they voted for.
If tariffs on Canada lowers our GDP that will also lower our military spending. Which is the complete opposite of what Trump wants us to do.
We have to meet a certain % of GDP. So we can spend the same and our % will go up lol
Drones. No more military needed
Become a wartime economy
Canada is already committed to meet 2% of GDP by 2032.
Instead of buying American defense systems we can decide to go exclusively with EU equipment. Too bad we choose the F35 instead of the Gripen. The US is very to shoot itself in the foot.
I split my time between the US and Indonesia. I can really feel the difference. Eggs in VA cost $6 per dozen, while in Indo only 90 cent.
Of course. Ever heard about PPP? Do you know how much on average middle class makes in Indonesia (in USD)?
Its called the avian flu. And it killed millions of birds, which increased prices.
2.49 in Netherlands.I feel sorry for the people in the US with a minimum wage that has been the same for 16 years.
Is there bird flu in Indonesia?
60 eggs costs $40 In California specifically in Walmart 👍
Instead of producing your own, the US depends on cheap labor and profits. So what's the moral of this story?
You are not going to be able to dodge the 25% of Electricity in the USA today being cut off by Canada.
Same with the 2 million barrels of oil each day, same with iron ore and pellets for your steel industry who will have no Electricity to run the plants anyway.
yes and why noone with a brain is saying anything is so damn scary.
The Aluminum industry will hurt them big time, The world would love to gain access to Canadian high quality reasonably priced product.
You think we would announce that we dont need you or chinas or mexicos crap if we didnt actually have a plan
You mean 4 million barrels per day
This is an excellent overview of how tariff changes directly impact businesses. The examples Rick shares are excellent. It's important to review what you are currently paying in duties now and how an increase might impact your margins and retail pricing.
American companies products with "made in China or some slum ass 3rd world country" Make total sense to me. Let's make it right.
This companies have stocked goods in advance and will also raise the prices of those goods as soon as tariffs are implemented. So now they will more more profit than their usual percentage.
Corporate America being corporate 😂
@@projectanimatedstories876 I think a new wave of money printing is coming to USA to "control" the posible rammification of this, similar to what happened in COVID. I could be wrong tho
Teemu about to have a whole bunch of new more expensive stuff that escape tariff rules, tv's and all.
LoL...Good luck with that..
My temu puts are deep in the .money
Even with 10% tariffs on Chinese Temu goods, they will still be the cheapest place to buy anything on the internet. That just means your importing the same stuff from China at higher prices
Trump is PUNISHMENT on small business
And all consumers called Americans
Why isn't Corp media telling you there are 70,000 US corps operating in China. 48,000 in Mexico. Most Canadian corps has US operations. Why the secrecy?
I'm over here really trying to figure out who actually benefits from tariffs. I'm hearing from all sides it gets passed onto the consumer, so the logic that trump is operating on is that americans switch to buying American produced goods. But won't that take some time for all of those factories you mentioned to switch back to being built in America? I'm just trying to understand what's going to happen. Thanks.
Santsi... That's the most honest question I've seen so far. 👍
Over the course of MANY years, a country might use tariffs, while building an industry to complete. China did exactly that. US companies moved operations (not headquarters) elsewhere long ago. They won't abandon investments there now. It's just common sense. Trump lacks common sense, your question is brilliant common sense!! 😊
@@santsi7306 We had the same in EU when chinese goods got tariffs put onto them. Guess what happened - people stopped "buying" altogether.
Getting the same goods in-house in EU, where there are taxes already placed on them, the item costs 3x as much. People said "yeah f that". Eastern europe got hit the worst because our wages are crappier compared to western side.
I do understand the arguement that the products weren't that good to begin with, but it's not true for "everything".
TealMafia... Domestic market protectionism is just Supply Side economics by another name. China actively helps make corporations competitive, not trying to run them, or make policies for them. They are doing what Europe and America did after WW2, only much better.
BTW, 70,000 American based corporations produce products in China!
Good. Maybe folks will stop buying made-in-china IPhones and opting for made-in-Korea Samsung devices.
But those aren’t made in korea either.. they’re created in korea..
Mexico Canada and China unite! ❤🎉😊 lets become more independent!
Big corporations are already increasing prices on current stock to get ahead of the tariffs, so they won't have dip into their profits on their next orders from abroad! Corporations will be making boat loads of money while 70% of the population starve and eventually become even more poor!
...that and the fact that they need to pay customs upfront...before the stock leaves point of entry and therefore before they sell anything. Imagine you sell at a loss and you have already paid the tariffs 😬
lol at blaming corporations for something the government is forcing on them
American people will have to start making their stuff,at home or buy from local business.
Been saying for months to my idiot co workers who think it's the manufacturing countries that pays for the tariffs. "ITS TIME FOR CHINA TO PAY FOR THEIR FAIR SHARE"..... Explained to them over and over how it actually works but nope somehow that information doesn't retain to their brain. I will play this in our breakroom today on max volume.
How are these tarifs even legal in the light of USMCA? Has the US simply ripped the treaty up?
Yes. It's a US specialty to rip up treaties and agreements when it suits them.
@@mikeb5664like invading other countries
It's going to force Importers to look for products from non-tarriffed countries.
This is going to shake up the markets hard.
It’s not just about the tariffs themselves-it’s the ripple effect. Canada and Mexico are already talking retaliation, and China’s not going to sit back either. This could turn into a full-blown trade war 2.0.
"Yes, all costs are passed on to the consumer.". Including these front loading storages
Canada and Mexico should form a pact to combat tarrifs. Mexico and Canada should raise export prices to the US by 1000% and watch how fast the US consumer will revolt against tarrifs. Fresh produce is needed everywhere in the world, no problem finding buyers. Car parts from mexico can sqeeze americans to revolt against policy.
Canada is economically smaller than Texas,the US can produce all the car parts and oil we need,there will be no revolt from moving car seat assembly back to Detroit or to SC or AL!
You should have front-loaded your report with the fact that Americans will be paying the Trump tariffs.
Or, they may choose to do without, or choose something else.
Tariffs works Elon Musk is richer today than yesterday 😂
What happens to tesla when their cars are 200K and other vehicles will be less than 80? Lower production for tesla will increase costs on everything they use. That will hurt them, matter of fact without foriegn sales tesla could be headed into serious trouble. Don't forget the world is being threatened by trump and I highly doubt anyone will bend over.
Eggs and Bacon are going up big time over the next year, stock up now on bacon or become a vegan!
Nah, we produce enough eggs for Canadian consumption, same with Pork. Matter of fact without the US buying our pork the price might drop! Plus China, Asia and the EU will increase purchases because of the lower cost. For some there will be excess and new markets. Our farming will be supported via all levels of government.
@@menotyou7762 I hope you are correct, but I think you are not! Become a vegan now!
The point of tariffs is that people don't need to buy more Chinese or overseas imports that are made for pennies and sold for mark ups that have made these companies beyond wealthy rather than making or creating these products in the US and employing the people into jobs that purchase these overly expensive things. These companies are pitching that they have to pay a little more and they are turning those cost up more by inflating the products. They pay 5 dollars more in tariffs and the purchaser pays 10 dollars.
A very well-written and informative article that clearly presents all angles of what these rates would mean for everyone involved. An excellent, professional, and objective piece.
The tariff on China is only 10% and 25% for Mexico and Canada. Shoes going from $50 to $75 is a 50% increase. That shoe company is ripping off people with their corporate greed.
What people don't understand is that the profit margins on many of these products is Sky High. The cost to produce that shoe was like $2.50 so a 25% tariff should only increase the price by about 50 cents. Electronics will be hit the hardest because the profit margin on many completely assembled electronics is in the single digits. For example, a $1000 TV may cost $986 to make so a 25% tariff would increase the cost of the TV by almost $250. This is why electronics are going to be the quickest thing to be produced in America again.
Yeah the shoe guy is obviously making bank importing shoes made for next to nothing in China... and then selling them for $50 a pair... 🧐 Crocodile tears 😂
@@toddt5562 Agree, the shoe guy and the CNBC reporter were selling a false story.Selective industry attention,let's talk about selling Ford trucks in China,CNBC.
Tarifflation, everything is expensive💰. Is this the American dream 2.0. Hard life with big bills 💸
Income-Shrinkflation is a thing I'm starting to notice a lot of companies have been starting to do since 2024. With increases in Ionger working hours.😵💫 I hope this trend stops immediately this year.🤔
And these people that voted for Trump that have made higher education the enemy can all go do the cleaning, roofing, landscaping and be the dishwashers and cook preps now that they are getting rid of the “cheap labor source”. They’ve been fooled. Make America Gullible Again Is what MAGA stands for.
@@Blueden_shrinkflation has been around for decades and decades
Minimize your unnecessary needs and focus on what important for you in life
Suggestion: move back in your parent's basement...
We're running out of things to cut from the budget...
these big companies stockpile to avoid tariffs but will still charge consumers tariff prices.
They’re front loading, and they’ll still likely charge us that tariff price on things they front loaded. And all tariff increases will be past onto the consumer. Saved you 13 minutes.
That will pay the cost of frontloading. Frontloading is expensive.
Remember that importers pays customs first...Got to find that money somewhere
Imagine we have politicians and media-today, calling What Madison, Hamilton, and founders did “unconstitutional” or “un American” LOL (now read some of the comments)
what did they "do"?
Unfortunately tariffs are an old and outdated economic method that no longer works in the current supply and demand models that exist today. They can be effective in smaller, specific applications. Making trade fair is, of course, what we want... but across the board tariffs are not the way.
@@ショーン-x7f "'This country" is over 200 hundred years old. I know thats young 'as countries go' but.... You think things may have changed a little bit in that time? Million dollar economy to billion(s) dollar economy.
@@kirkhoxie9577Would you like to a ‘splain the Columbians caving last week ? LOL
@@kirkhoxie9577As the Colombians and Mexican govt just rolled over in one week?
Canada needs to Stop with the regulations!! We need to deregulate some industries. DEREGULATE! telecommunications, Groceries, Medicine (drugs) and Construction...End the monopolies! Bring in high tech manufacturing into Canada, cut our bloated government, and no more welfare for newly arrived immigrants.
What a pinhead, the vast majority of immigrants want to work = a better life! Canada was built on immigrants, less than 4 generations, U need a better education!
Deregulate food and drugs so the exploitation of American’s health becomes even worse and more profitable for the rich? Also, not assisting people economically is exactly what causes some of them to resort to illegal activity.
Americans need a "find out" moment to learn that actions have consequences.
10:28 this man said in his lifetime production moved to low wage parts of the world to make our products. When that shift happened when did goods become cheaper for consumers? It didn’t, companies did this to increase profits and now refuse to make less while profit margins are record high. How are these companies any different than slave owners when they exploit poor people in other parts of the world to work their life away making products for them?
Bingo!!!
As a former 30 year importer and Dallas-based importer/businessman......my view of this video was it was overly simplistic and clearly leaned anti-Trump to the best of its abilities.1.)Mr. Muskat does not have to import 98% of his shoes from one country,China.Brazil,Thailand Indonesia and Viet Nam are hungry for marketshare as well most of US undervalued & under capacity factories in low labor countries all over the world.2.)Trump and his business people he's brought into govt understand trade far better than the lawyers and lobbiests that have run into unfair and unfriendly trade relationships with friends and foes around the world.3.) All the Europeans and Canadians on this site are underestimating the undercapacity of America's underutilized factories,especially in automated and higher value product categories cheap sneaker do not count,you can make high value cars and computers and solar panels in Alabama and Mississippi too.Furniture doesn't have to be knock-down pressboard from Ikea either,real wood from N.C. = US jobs and more US buying power & wages to spend at Ashville's Walmart.Trade is liquid,and always has been since the Ottoman Turks cut off Europe's spice imports in 1453, and Columbus sailed west.
The guy interviewed reminds me of Chris Farley from Tommy Boy...
So whats GM Ford and Stellantis going to do? There dealership lots are staying full. I encourage people to read the VIN number to see when and where your vehicles are assembled.
They're going to build in the U.S. Stellantis already announced they're moving production back to the U.S. because of tariffs.
@@skulltula6799 Sure build them in the US where it's more expensive to build. All the money you save on tariffs will be spent on higher costs here.
@@skulltula6799 lol Stellantis can try and do whatever but it may be too late for them. They are in serious financial difficulty. Stellantis is not wholly owned by the US anymore but rather its a European consortium.
Hello Trump supporters... you're going to pay for the tariffs.
he only making the big corp richer
Our neighbors 25 percent, China our rival 10 percent! 😂
Our neighbors will cave on illegal immigration in days.We'll take the Canadian oil and wood we don't need.China will continue to obstruct on fentanyl try to act tough on sneakers and solar panels and will pay the price.Trump is playing chess.Our friends will cave in a matter of days.Mexico is building temporary housing for the illegal returnees.Columbia caved already.Venezuela just released unfairly held Americans yesterday.
At the end we the people in the US will pay for all Tariffs ! So tell our idiot President Trump Tariffs works. Thanks Maga for voting for this AH !
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@AlexSMtrader ⭐⭐⭐✍
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*Add labor* Farms, construction..
As an eBay reseller who sources inventory from thrift stores, I’ve noticed a significant shift in the thrift shopping landscape. Thrift stores are now flooded with customers who, in the past, might not have considered shopping secondhand. This influx of new shoppers became especially noticeable in mid 2024 and has only increased since then-along with thrift store prices. What was once a relaxed and relatively easy side business has now become highly competitive, making it more challenging to find quality inventory at affordable prices.
Front Loading will give Mexicos manufacturers time to shut down their operations and move their manufacturing equipment to America!
It’s time to start now!
Buddy.. the reasons no one is in America is becuase its so expensive.. the reason why peopel are in poorer countries is because its cheaper.. its that simple..
you pay someon 1 $ usd vs 30$usd.. its that simple.. no company is moving to america to pay more.. get less.. deal with unions.. when you could litealrly exploit chinas poor. And get it for less than 1$usd..
When you can have soooo much stuff made in China, using cheap labour that pays a factory worker a dollar a day, how does Trump seriously expect American factories to compete, when unions insist on paying a factory worker 25 dollars an hour... HRH Donald is your typical baby boomer, still trapped in the greedy 80's when America was booming, (refusing to adapt to the new reality... 1.5 billion desperately poor people in China and 2 billion desperately poor people in India, are an endless supply of VERY cheap labour to be exploited by American corporations and trying to force them to make things in America, is BEYOND ridiculous.
China is no longer in the category of India,Bangladesh,Malasia.More goods are produced in the high-tech factories than were ever conceived of with dirt poor hand labor.The Chinese billionaires are in a battle with US companies all over the world.
1.5 billion poor in china? u mean 350 million poor in US , most hm lss, chinese are way richer than muricans,
Whatever you said... but China can't make all products in the world
China doesn't need to make all the products in the world, because it doesn't need to. But China makes more products than any other country in the world.
Yes it can.
You forgot the reason why tariffs exist... to make fair trade fair.
Republicans have historically supported free trade. Reagan was a champion of free trade. If you think Trump gives a dame about fair trade and the US economy, you are kidding yourself. This is all about vengeance and extortion.
If that is the case, why was there no tariffs from the beginning?
Unfortunately tariffs are an old and outdated economic method that no longer works in the current supply and demand models that exist today. They can be effective in smaller, specific applications. Making trade fair is, of course, what we want... but across the board tariffs are not the way.
I'M NOT GOING TO SUGAR COAT IT (share this please):
If our government truly cared, they would implement new rules for the payment of wages - 90% OF NET CAN NOW GO TO EMPLOYEES, so that if the billionaire class wants to have a trade war, then it will not affect anyone but the billionaire class!!! We've been facing difficult times for the last 50+ years, while the billionaire class (since Reagan Rep./Mulroney Cons.) implemented changes that saw a reduction over time of the ratio of pay:productivity to the point where primarily the exploitative, and people of their class, are the only ones able to afford having families. Then, out of what I can only imagine was pure stupidity and greed, our government saw fit to do them a solid for this and replaced the unborn future of Canada with a bunch of Third World wage slaves! It's about time those involved in committing them pay for these transgressions, right out of pocket, as wages, at a rate of 90% net to employees - FROM NOW ON, FOREVER, AD FINITO, END OF DISCUSSION! This solution will easily and with one fell swoop of a pen, solve the housing crisis, the health care crisis, the birth rate decline, poverty in general, government funding shortfalls, and so on.
I think it's no coincidence that nobody in government is picking up on the fact that the billionaire class have us all right where they want us (unless they are in on this scam), but that we could simply deny them labour until they capitulate to our demands. General strikes have happened before and it appears that they will happen again. We, the working class, could also organize against the wealthy in other ways, and teach them a lesson about where 100% of their profits come from, and who can take away what they have grifted from us. We outnumber these dirty crooks several thousand to one and so it is that the majority of Canadian working voters should be calling the shots here, not these friends of billionaires in government, nor any employer, nor those holding housing for ransom!
This government will capitulate on behalf of the billionaire class or things will get ugly. Maybe that was the plan all along? I just don't know who to trust any more. It seems as though those in power have forgotten the fact that history ignored is repeated and have instead made the conscious choice to side with the oppressors. If someone is threatening members of government in order to get them to play along, I suggest they blow the whistle on them to the public and become a well protected folk hero, who can then have the threat removed with the full force of Canada behind them. To me the grift is obvious: While these politicians play , "pass the buck," with our financial/mental/physical health and well-being, their corporate buddies continue to raise prices and post record profits. So it would seem that the corporate world and the government have colluded to cause grievous financial harm to all working Canadians, and they are all profiting from it greatly while the vast majority of us suffer, and in some cases, die preventable deaths because of intentional capital neglect. The wealthy will soon have targets on all their backs if this is the game they want to play. I suggest we practice our aim, so that when the time comes where there is no other option, we can affect the appropriate redistribution of the wealth that WE EARNED and THEY GRIFTED.
And, if I may add; We all took an oath to, "Stand on Guard For Thee, O' Canada!" Whether it was in song or not doesn't matter. There was no mention of net worth or political office being a contributing factor to this in the National Anthem.
Sorry to hear how bad it is in Canada! Perhaps someone like President Trump will surface in Canada and lead you out of the dark!
You want people to share this entire sat essay you just wrote?
@james_giant_peach yes
As a Canadian, I agree that border security is an issue that always needs attention-but this goes both ways. Every day, people, drugs, and guns are smuggled into Canada from the U.S. as well. Rather than pointing fingers, our two countries should be working together more effectively to combat these problems. And considering that Canada’s border situation is nowhere near the scale of what happens on the U.S.-Mexico border, it doesn’t make sense for Canada to receive the same tariff treatment.
That said, I also believe Canada has put itself in this position through terrible government policies. We’ve failed to properly develop our energy sector when we should be a global energy powerhouse. Instead of capitalizing on our natural resources to strengthen both our own economy and North America as a whole, we've allowed political red tape and poor decision-making to hold us back.
We should also be doing more in other areas-contributing at least 5% of our GDP to military spending, being a stronger and more reliable partner to the U.S. on the world stage, and securing an economic union with the U.S. that ensures North America remains strong, secure, and prosperous. Canada has the potential to do much more, but we’ve fallen behind due to weak leadership and short-sighted policies.
That being said, Canada is still the largest importer of U.S. goods in the world-only Mexico comes close. And when you remove energy (oil) from the trade deficit, the U.S. actually runs a surplus with Canada. The U.S. benefits significantly from purchasing Canadian oil at a discount, refining it, and turning it into about $200 billion in revenue. So while we need to improve in many areas, we’re still pulling more than our weight economically.
Not only that.. if you want us to secure.. you need Canada to have money.. it’s not the canadians fault our gov is so corrupted.. but you tank our economy how are we going to put money into security and 💩.. like.. it makes no sense.. already people in canada hesitate to buy american because customs kills us.. get rid of the tariffs and customs.. let both countries flourish without gov inference…
Same with china.. hate china our not.. there is a lot of. Stuff Americans became wealthy because they can make in china and hten sell for profit in America.. small business will be F because of this.. manufacturing in America is expensive.. Disney even moved to vancouver.. one of the most expensive places to live becaus it’s cheaper than california.. thats the advantage of haveing a strong dollar and exploiting countires with weaker ones..
Agree with most of what you wrote,Cousin.The issue of immigrants using temporary Canadian visas and sneaking over the border and the cartel's increased exploitation of them is an underrated problem,incongruent for a first world friend like Canada.
@@a.teamplano9535 I completely agree with your concerns. Canada has suffered under disastrous policies for the past nine years, and immigration has been one of the biggest failures. The student visa program has been widely exploited, and our “catch and release” bail system allows criminals to walk free shortly after being arrested-completely insane.
Most Canadians I know want a change, and we’re hoping for a swift shift in government to fix these issues. As these tariffs move forward, I fear our government will use them as an excuse to invoke emergency powers-allowing them to spend taxpayer money we simply don’t have in an attempt to subsidize businesses and citizens. While that may sound beneficial at first, it would only add to our already crushing tax burden.
If this continues, Canada will face more serious economic and social instability-something the U.S. likely wouldn’t want spilling over its northern border.
They only need 1 year for Canada and Mexico...If I was a betting man I'd say Trump's using tariffs as a weapon to get a better deal in 2026 when NAFTA gets renegotiated.
In a year, Canada, Mexico, and China will be well into pivoting away from the U.S. to other trade partners. Short term American win, long-term loss.
@@RoyChartierexactly.
So.... I'm walking that 3rd G D apple back to the supermarket refrigerator, again??
Dang.
Does trump think that massive show factories are going to pop up all over the country over night? And the same for all the other items! It’s just ridiculous! The only people this will hurt are the American people!
US factories operating below capacity and fill demand immediately.You don't have to build new to increase production.Yes sneaker prices will go up until Bangladesh increases production,trade is liquid.
I don't expect you to think it through because of who you are and how you distort things but all Mexico and Canada have to do is secure the borders and there will be no tariffs so they should be doing this anyway without the threat of tariffs. What don't you people understand???
Why the US doesn't secure the Canadian border as well? Roxham Road is all the US' fault. It goes both ways.
"How companies are defying federal law"
They front load to increase profit by charging post tariff prices on their pre tariff goods. CNBC… you need a lesson in business.
that 25% tariff will destroy the AMERICAN CONSUMERS, 😂
Just buy from Taiwan, Taiwan has everything
The last 4 years didn't have tariffs to blame for the 20%+ inflation. It was just bad policy. America needs this leveling of the playing field.
Instead of imposing tariffs and hurting consumers now in exchange of uncertain (if any) benefits in the far future, the US government should be subsidizing national production with the trillions of dollars of taxpayer money they already steal from the people. Am I crazy here?
Trump filed for bancruptcy 6 times. He closed down 3 Trump Casinos. Any idiot who says Trump is going to help them with grocery prices is about to have a rude awakening.
Make products in US ❤
Inventory is a massive expense. The company I work for had to lay off more than half of its staff, hundreds of jobs, all because we had too much product for the demand. Logistics isn’t easy and maybe this is the reason we didn’t tariff the American people so much and so suddenly.
Please don't forget, the American Revolution started as a response to tariffs...
No, it was taxation without representation.😊
We need more of these segments!
>The United States used to be a manufacturing country. Since the end of the Second World War this changed from a manufacturing center to a consumer center. All governments since the end of that conflict have been increasing the national debt, all of which has devalued the US dollar to the point where, today, a US dollar is worth about three cents, yes three cents, compared with a 1971 US dollar. So, today all the consuming US public is consuming with devalued dollars, hence, the increase in the sticker price of all goods and services. We simply need more of these devalued dollars to buy anything.
>The plan by the current US government to install these tariffs is a distraction from the real problem which is the US debt and the devalued US dollar. Currently, the US debt to GDP ratio is well over 100% and so the only way to get this ratio down is either to pay down the debt or to increase the productivity of the nation. The former is out of the question; the second option will take maybe twenty to thirty years. The latter is not unrealistic since it really took over forty years to create this problem in the first place.