Ah, I understand now. You have to pay more for things until the situation reverts to what it was before.
Be sure to let us know when you get those manufacturing jobs back. In the meantime, countries are looking elsewhere for trading deals.
In the past fortnight, US President Donald Trump has threatened tariffs against at least 10 countries. Some experts say the Trump administration's tariff policy is leading to the creation of new trading blocs, and isolating the United States.
www.abc.net.au
On January 25, Mr Trump said he would place a 100 per cent tariff on goods imported from Canada, if it went ahead with its trade deal with China.
"[Mark Carney] thinks he is going to make Canada a 'Drop Off Port' for China to send goods and products into the United States, he is sorely mistaken," Mr Trump said.
The deal resulted in Canada reducing its import tax on Chinese electric vehicles from 100 per cent to 6.1 per cent but it imposed an annual import cap — 49,000 vehicles in 2026, rising to 70,000 by 2030. In return, Beijing lowered its tariffs on Canadian canola seeds from 84 per cent to about 15 per cent.
University of Technology Sydney economist Roy Green said the danger was the US might isolate itself.
"In the post-war period when the US was 40 to 50 per cent of the world economy, and certainly most of its manufacturing, the US might've got away with dominating not only its hemisphere, but the entire world economy," he said. "But those days are gone. We're in a multipolar world now, and we're beginning to see the formation of trade blocs."
Since the beginning of the year, longstanding trade negotiations with some of the largest trading blocs have been finalised.
The European Union agreed a
trade deal with the Mercosur trading bloc, which includes Argentina, Paraguay, Brazil and Uruguay. It is expected to increase EU exports to the region by almost 40 per cent by 2040. The EU also struck a trade agreement with India, which is expected to see EU exports to India double by 2032.'
That gurgling noise you hear is your manufacturing base dissapearing down the toilet. Countries that used to be allies, that used to think of the US as a good friend are now looking elsewhere as regards trade. You have become untrustworthy. And do you know who is to blame? It's you. You voted for this. It's what you thought you wanted. But hey, you just keep telling yourself that it's 'an investment'.
And from here:
These charts show how Trump is isolating the US on the world stage
Donald Trump’s return to the White House has accelerated a profound shift in the global order, according to new analysis.
A
report from Focaldata, which analyses UN voting records, reveals how Washington’s “America First” agenda has started to redraw the geopolitical map in favour of China. In 2026, the world is now diplomatically closer to Beijing than it has been in recent memory, with significant shifts in alignments taking place during the start of Trump’s second presidential term.'
