1st Feb 25% tariff on Mexico + Canada, 10% on China

Vinty said:
Wasn't it Henry Kissinger who said, that the only thing more dangerous than being America's enemy was being America's ally.
75% of Canadian exports go to America compared to 17% of American exports to Canada.
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That needs the figures
U.S. exports were $441 billion, while imports were $482 billion
(more recentky than Kissinger!
Canada supplies some energy the USA would miss. Lumber is big but Trump says they don't need it. Then there's cars....

Trudeau Says Canada to Impose 25% Tariffs Against C$155 Billion of US Goods​

 
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Notch7 said:
I hope it doesn’t tank my Vanguard trust
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It probably already has affected it..
There will be a lot of choppiness for a few weeks at least, is the street prognosis.
I/anyone wouldn't be surprised to see a 10% drop in equities.

You either
- Sell early - too late now. Some funds are doing really well so you lose any gains. If you switch to something "safe" you gain almost nothing and it delays getting back in, so it can be best to sell and just wait and see.
- Sell when it drops - that almost guarantees you lose. There's a small chance of a sustained drop, so if you sell some, that's like an insurance payment.
- Just HODL. Eventually it'll come back up again.

It may be an option to wait untill everything bad has happened, then buy (more) when things start to recover - "buying the dips".


I'm expecting a drop for a few days at least. Some companies will barely be affected, but may or may not get dragged down.


If you can buy individual ETFs, there are negative 3x ones for the S&P and Nasdaq. Takes balls to hold them... And the spread is wide.
 
fillyboy said:
The reality is we don't know yet.
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Actually studies and evidential outcomes says we do.

  • They can make domestic industries less efficient and innovative by reducing competition.
  • They tend to push up prices for domestic consumers due to a lack of competition.
  • They can trigger retaliation from other countries, leading to trade wars and strained international relations.
  • Tariffs encourage industries to shift away from producing things where a country has a comparative advantage, reducing overall productivity.
  • They can erode producers' profits and impact consumer prices, depending on the specific market.
 
Vinty said:
If America doesn't want to do business with the world,
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IMHO, this isn't the case: it's just an Orangina deflection technique.

The fat orange tw@t wants to give tax cuts to the rich. But he needs to fund it.

How? Get the poor to pay for them. Even better if you can get the poor to do this willingly (y)

Rouse the flag-shaggers with "screwing Chyyyynah with tariffs" rhetoric.
Loads resulting bailouts onto the national debt.
Job done :cool:
 
Must admit I'm not sure where Donald's going with these tariff's or what he hopes to gain. Time will tell, in the meantime batten down the hatches.
 
fillyboy said:
With European butter.
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The US is as reliant on cheap imported goods from China, as the next. Ask anyone that has read a Trump bible (strike that).

Most economists are baffled by Trumps decisions but are not surprised. Nosealls predictions say that the honeymoon will be over quicker than you can say Hangzhou printing press.
 
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