1st Feb 25% tariff on Mexico + Canada, 10% on China
- Thread starter Notch7
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Tell me Filly, who pays the tariff on Canadian imports into America?
Let’s take oil: tariff of 10%
You could argue America will no longer use Canadian oil……but it’s piped directly into USA refineries, does America have alternative pipes ready and waiting?
I think Trump is good with regards to world peace. He's a nutter. Russia, N.Korea and China are all run by nutters. If they chucked some nukes at us, Kier would probably say "Let’s not bring ourselves down to their level" while a bomb drops on his head. Trump on the other hand….well, they don’t know, do they? One thing a nutter is reluctant to do is pick a fight with another nutter. He might be nuttier than they are…..
All the economic opinions i've read and heard agree it's a bloody stupid idea - it'll end up raising costs for manufacturers and prices for consumers at the shops. Make Americans Poor Again, is what will happen. Turkey's voting for xmas.
I don't disagree with that, I'm more shocked that you think the same won't happen in reverse. Canada are implementing retaliatory tariffs but you seem to think prices in Canada won't rise.
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One things for sure. Notchty needs to ditch his unit trust.
Taking the call from speck-savers isn't much to go on.Starmers phone has been hacked by the Russians
Does anyone know the answer to this. I have been reading that the whole set up of refining oil in the US is incredibly complex. Can they just substitute alternatives in to the refineries in the northern states which currently get crude from Canada?
Also, a good article here explaining why the US exports and also imports so much crude. In a nutshell, a lot of their refineries are of the wrong type.
Tell that to the nutters in the midfle east
yeah I sold my S&P 500 tracker, annoyingly I only did it over the weekend so lost a bit on the opening market this morning (from Friday), but still a decent gain since I bought them in the autumn.
I might just stick money in premium bonds for a while as Trump is gonna cause market volatility for a while.............I think? - Im no market expert
Trump has imposed 25% tariff on everything from Canada and 10% on oil
so American prices will rise immediately -American businesses can simply go elsewhere overnight
Sure Canada will suffer potentially a great deal ong term, but in that scenario so will America
A) because USA tariffs wont hit their businesses for a while
B) Canada tariffs are only on certain goods -most of which like beer, Canadians can switch to domestic products
C) Trump has put 10% on oil -that puts up the price of everything
I reckon there's a lot of truth in this. People think world politics is extremely complex and of course, on many levels it is. However underneath, I reckon this basic sort of powerplay also plays an important part.