Post #31966 by alan81 on the US Policy board

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intercst posted this link on TMF-Metar.

Sure sounds like Trump is serious about implementing tariff's.
But I'm sure he's just playin 3D Chess, next level negotiation-fu.

https://www.reuters.com/world/us/trump-promises-25...

"Trump vows new Canada, Mexico, China tariffs that threaten global trade"

"Trump: 25% tariff on Mexico, Canada over fentanyl, migration
"Additional" 10% tariff planned on China
China: No one will win a trade war"

"On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States"

Buckle Up, gonna get volatile.

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The US imports about 5 million barrels of oil products per day from Canada and Mexico (4.2 Canada and 0.9 Mexico. (Yes, the US is a net exporter, but still imports a lot).

Looks like gas at the pump is going up! But wait, Trump said he would get the price of gas down. Life is so difficult when reality hits!

Aussi

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Companies have very little time to start readjusting their supply chains, but this will happen.

I suspect both Mexico and Canada will consider all agreements with the US to become void due to this violation by the US.
I await their response.

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GM, Ford, and Stellantis are all down significantly today as all have factories in Mexico.

There was a nice measured reply from Mexico's President Sheinbaum:
�President Trump, neither threats nor tariffs will solve the issue of migration or drug consumption in the United States,� Sheinbaum said. �Cooperation and shared understanding are required to face these important challenges.�
�I believe that dialogue is the best way to reach understanding, peace and prosperity in our nations,� she said. �I hope that our teams can meet soon.�
�For example, some of the largest exporters from Mexico to the United States are General Motors, Stellantis and Ford Motor Company, which arrived in Mexico 80 years ago,� Sheinbaum said. �Why impose a tax that puts them at risk? It�s unacceptable and would cause inflation and job losses in Mexico and the United States.�

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Mexico's President Sheinbaum:
�President Trump, neither threats nor tariffs will solve the issue of migration or drug consumption in the United States,� Sheinbaum said. �Cooperation and shared understanding are required to face these important challenges.�
�I believe that dialogue is the best way to reach understanding, peace and prosperity in our nations,� she said.

Oh, my poor naive Mrs. Sheinbaum. She's in for a rude awakening. Trump doesn't do cooperation, understanding or dialogue.

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Oh, my poor naive Mrs. Sheinbaum.
Oh, I suspect she understands all about Trump.
Harris gave a master class in how to manipulate him during the debate.

She is talking to the world, not to Trump.
During his last term I mentioned Trump is basically a bully. The way you deal with a bully is to build a coalition against him and this is a step in that direction. She is pointing his failures out to the world.
Alan

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During his last term I mentioned Trump is basically a bully.

And after all his bombast on NAFTA, the new treaty was basically a "no change". Let him bellow.

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