Tit for Tat Tariffs - The US versus the World

Pommer said:

The FAA will (eventually) do what the President wants or he’ll find an Administrator who will.

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essentialsaltes said:

Another Nail!​

ADDRESSING THREATS TO THE UNITED STATES BY THE GOVERNMENT OF CUBA​

Section 1. National Emergency
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, find that the situation with respect to Cuba constitutes an unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security and foreign policy of the United States and hereby declare a national emergency with respect to that threat.

Sec. 2. Imposition of Tariffs. (a) Beginning on the effective date of this order, an additional ad valorem rate of duty may be imposed on goods imported into the United States that are products of any other country that directly or indirectly sells or otherwise provides any oil to Cuba, in accordance with subsections (b) and (c) of this section.

THANK YOU FOR YOU ATTENTION TO THIS MATTER!

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Say it aint so said:

Another nail.

It's kind of getting to the point where there will be a Trump announcement of "Support me, or you'll get tarriffs"

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loveofourlord said:

he's also upset over us not buying the combat jets, and is threatening to fly over canada when ever he can to annoy us....he's literally doing, "I"m not touching you." oh and he's been taking a lesson from Putin and trying to stoke Alberta to join the US.

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essentialsaltes said:

Trump privately weighs quitting USMCA trade pact he signed​

Even though he negotiated the current system, Trump has soured on the North American trading relationship.

President Trump is privately musing about exiting the North American trade pact, people familiar with the matter said, injecting further uncertainty about the deal’s future into pivotal renegotiations involving the U.S., Canada and Mexico.

The president has asked aides why he shouldn’t withdraw from the agreement, which he signed during his first term, though he has stopped short of flatly signaling that he will do so, according to the people who spoke on condition of anonymity to describe internal discussions.

The U.S.-Mexico-Canada Agreement is set for a mandatory review before a possible extension on July 1, a process that was once expected to be routine but has transformed into a contentious negotiation. Trump has demanded additional trade concessions from Ottawa and Mexico City and pressured them to address unrelated issues, including migration, drug trafficking and defense.

If the countries agree to a renewal, the accord would remain in force for an additional 16 years. But if that doesn’t happen, it could trigger annual reviews for a decade until the deal’s expiration in 2036. Any country could announce their intent to withdraw with six months’ notice.

Such a move would shake the foundations of one of the largest trading relationships in the world — the pact covers roughly $2 trillion in goods and services — and even the threat of a U.S. departure would stoke uncertainty for investors and world leaders.

U.S. business groups and lawmakers would almost certainly rebel. The prospect of higher tariffs would also threaten to exacerbate affordability concerns heading into November’s midterm elections, in which Republicans already face an uphill battle to keep control of Congress.

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essentialsaltes said:

Trump privately weighs quitting USMCA trade pact he signed​

Even though he negotiated the current system, Trump has soured on the North American trading relationship.

President Trump is privately musing about exiting the North American trade pact, people familiar with the matter said, injecting further uncertainty about the deal’s future into pivotal renegotiations involving the U.S., Canada and Mexico.

The president has asked aides why he shouldn’t withdraw from the agreement, which he signed during his first term, though he has stopped short of flatly signaling that he will do so, according to the people who spoke on condition of anonymity to describe internal discussions.

The U.S.-Mexico-Canada Agreement is set for a mandatory review before a possible extension on July 1, a process that was once expected to be routine but has transformed into a contentious negotiation. Trump has demanded additional trade concessions from Ottawa and Mexico City and pressured them to address unrelated issues, including migration, drug trafficking and defense.

If the countries agree to a renewal, the accord would remain in force for an additional 16 years. But if that doesn’t happen, it could trigger annual reviews for a decade until the deal’s expiration in 2036. Any country could announce their intent to withdraw with six months’ notice.

Such a move would shake the foundations of one of the largest trading relationships in the world — the pact covers roughly $2 trillion in goods and services — and even the threat of a U.S. departure would stoke uncertainty for investors and world leaders.

U.S. business groups and lawmakers would almost certainly rebel. The prospect of higher tariffs would also threaten to exacerbate affordability concerns heading into November’s midterm elections, in which Republicans already face an uphill battle to keep control of Congress.

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Pommer said:

The President shouldn’t be expected to live by the agreements that he, himself made?

Sure, let’s just go with that!

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eclipsenow said:

Give that man a case of beer!

Correct me if I'm wrong, and I know these things are sometimes nuanced in the real world - but in Trump's mind - trade has to be UTTERLY equal or it's not fair, right? If you trade with a country, they have to buy the same amount off YOU that you bought off THEM!
In his mind, that's the only fair trade.

But what if a country can produce something much, much cheaper than you can?

Don't you still win by buying cheaper goods?
SO WHAT if America buys more in cars and TV's from China than China buys back in Netflix and IT services.

You're still getting cheap cars and TVs!

Tariffs can really make people suffer. (Well, in a first-world problem sort of way! )
EG: Australia had tariffs on telecom products and electronics in the 60's and 70's. We were stuck with TV's that cost 50 to 100% MORE than overseas TV's and were still black and white when the world had moved onto colour!

Sure - national security and energy security are their own concerns - and might require government subsidies. Or friend-shoring, which Bidenomics aka the "Inflation Reduction Act" were gradually securing with friendly nations.

Then Trump came in, looked at balance of trade figures as some kind of business deal gone bad - and did not appreciate the subtleties of international trade and security and relationships and geopolitics. It was tariff tantrums all round! Tantrums with NATO, Zelenskyy, Canada, Greenland, Australia, everyone! Tariffs tariffs tariffs!

How on earth did Congress give him this power? When and how did he take it?
It's meant to be something Congress passes!
Trump wakes up, gets in the shower, gets shampoo in his eyes - and it's tariffs on Australia for some reason.
The world is sick and tired unto DEATH of his game.

But there is an alternative. Carney laid out the fundamentals at DAVOS.
We, the middle powers club, can gradually wean off this relationship that has gone a bit too crazy and sour.

There are even proposals where the EU might actually Federate - at least the core 6 countries. But the very notion of a 2 tier Europe, with Tier One being the core 6 Federated into a country called Europe, and Tier Two then being the EU - has some asking - what if there were more Tiers?

What if Tier 3 were those in various trade agreements outside the common market, and Tier 4 were like a replacement mechanism if Trumpism and MAGA continues to make America unreliable? Basically read - what if Tier 4 became a replacement for NATO, for the WTO, maybe even the UN? A new super-alignment of Europe and other middle-tier countries that might even compete with the USA?

It's only brainstorming. Given the state of the amount of social media hysteria about such things, I would be surprised if it happens.

But the fact that it is even being proposed is an indication of how powerful Carney's speech was - and how utterly offensive everything Trump and MAGA have been to other nations.

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