Summary

Donald Trump initiated controversial tariffs, formally launching a trade war despite opposition from allies and widespread criticism among policy experts.

He imposed a 25% tariff on Mexican and Canadian imports, with additional charges on Canadian energy and Chinese goods under emergency powers.

Critics and experts lambasted the decision, arguing that the tariffs severely penalize American industries, undermine trade agreements, and reflect poor economic judgment.

Observers predict lasting repercussions for international relations and domestic markets.

  • CharlesDarwin@lemmy.world
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    3 hours ago

    Seems like donvict wants to annex Canada. Not even kidding.

    And if all you peasants, including those wearing red hats, have to pay the price (up to and including losing your life, or the lives of your parents, or your children, or your siblings in a literal shooting war with Canada) that’s something donvict AND fElon is willing to risk…

  • NatakuNox@lemmy.world
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    5 hours ago

    If you are a Canadian or Mexican please contact your representatives and have them do a more targeted tariff plan. Target American red states directly! Oil tariffs should be universal but anything made in red states and counties should have a 100% tariff. Force industry and goods to flow through blue areas and Trump’s support will crumble.

    • CountVon@sh.itjust.works
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      4 hours ago

      As a Canadian, I’m all for targeting red states where possible but I fully expect the blow back to hit all Americans. Tariffs are a relatively blunt instrument. If we put a 25% tariff on softwood lumber for example, I don’t think we get to say that only purchasers in red states have to pay it. Every American purchaser has to pay an extra 25% for those 2x4s, or car parts, or potash, or crude oil, or electricity, or aluminum, or steel, or raw minerals. Those purchasers will inevitably download that cost onto their customers, which means that ultimately American consumers collectively are going to foot the bill.

      Some of these Canadian response measures will even come back to harm Canadians! There are plenty of instances where Canadian companies sell raw materials to US companies and then Canadian consumers buy back finished products that incorporate some of those materials. As such, some of the added cost of Canadian tariffs is going to be paid by Canadian consumers. Regular citizens on both sides of the border are in the some boat, and Trump put us there with his stupid, stupid choice. Canadian or American, we would all do well to remember that because I’m sure that Trump would love nothing more than to see us divided and hating one another.

      I’m sorry for the economic damage that this fight is going to cause all of us, on both sides of the border. Please remember that Trump started this fight, and Canada will not roll over. I think Liberal leadership candidate Mark Carney summed it up best in this BBC interview. The whole interview is worth a watch, but the link goes to the highlight to which I’m referring. Here’s the transcript of that highlight:

      Interviewer: It’s pretty clear that [Trump] thinks [Canada] can be pushed around.

      Carney: We can’t.

  • technocrit@lemmy.dbzer0.com
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    6 hours ago

    Wow they BLASTED him?!?!? That’s sounds intense. Call me old fashioned but I like a good SLAM. It just feels more like winning. \s

  • Nightwingdragon@lemmy.world
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    7 hours ago

    Serious question.

    If republicans are so up-in-arms about this, what’s stopping them from passing a bill nullifying this bullshit with Democrat help? They would easily have enough to pass a bill and override his veto. If they’re not willing to do that, they’re not as upset as they claim to be.

    • CharlesDarwin@lemmy.world
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      3 hours ago

      Because they are all quivering little pussies, that’s why. They want their job and all the benefits it entails and don’t want to get primaried (or now, even worse) by donvict and his pals.

    • friend_of_satan@lemmy.world
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      6 hours ago

      with Democrat help

      Modern GOP strategy essentially says “never cooperate with dems”. They’ve been The Party of No for over 20 years.

      “If he was for it,” former Ohio Senator George Voinovich explained, “we had to be against it.”

    • Diplomjodler@lemmy.world
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      9 hours ago

      That’s just what someone infected with the woke mind virus (i.e. in possession of at least two functioning brain cells) would say.

      • BananaTrifleViolin@lemmy.world
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        9 hours ago

        I wouldn’t worry, with Trump we’ll all soon be infected with bird flu instead. Trump Flu, alongside Trump Inflation and a Trump Drought in California.

  • The Quuuuuill@slrpnk.net
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    10 hours ago

    obviously he’s losing. he’s a fucking loser. this is what he does. he only ever wins games he rigs. even then the gravitational pull of his loser energy is inescapable. who the fuck bankrupts a casino?

    • Xanthobilly@lemmy.world
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      1 hour ago

      Someone who isn’t using it for profit, but instead for money laundering. After finished, claim a loss on taxes through bankruptcy. Rinse, repeat.

    • pivot_root@lemmy.world
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      9 hours ago

      who the fuck bankrupts a casino?

      If you ask one of his diehard cultists, the answer is a genius businessman. Bankruptcy is just sticking it to the elites and bankers by not having to pay loans, not an indicator of total incompetence /s

    • _wizard@lemmy.world
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      7 hours ago

      Doesn’t link anywhere for me. Also, I’m very iffy of anyone organizing on Facebook.

      Edit: Found some other sources for 50501. I’ll be at my capital this Wednesday.

      • witten@lemmy.world
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        7 hours ago

        Also, those demands are too wide-ranging and open-ended IMO. They need to be more specific and focused.

  • No. YOU are losing. He’s almost dead and won’t live to see the long term outcome of what he’s doing. And the broligarchs he’s helping have enough money to live through all the oncoming misery.

    You, non ultrarich person living in the OS, on the other hand… You are fucked.

    • Eatspancakes84@lemmy.world
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      1 hour ago

      To be honest, I really worry about what will happen when he dies. I think the only somewhat positive feature of Trump is that he is a coward. He will back down if you push back. Vance will try to simulate Trump by copying his bluster, but he won’t back down even in the face of a war (because dear leader would not have done so either).

    • NineMileTower@lemmy.world
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      8 hours ago

      What does fucked mean? It’s easy to say “we’re fucked”. But what is your actual prediction of how bad things will get?

      • AbsolutelyNotAVelociraptor@sh.itjust.works
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        8 hours ago

        New world order where the US are a secondary player that nobody cares about.

        The reality is the US right now are completely expendable when it comes to the global market, and the turd is going to find out soon that we can live without US commerce, but US can’t live without world commerce.

  • RememberTheApollo_@lemmy.world
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    7 hours ago

    We’re losing while this buffoon flexes his tiny-brain power in a completely ignorant attempt to appear strong while simultaneously kneecapping the citizens of the US. While it’d be great if it just f’d the people who voted for him it unfortunately will affect all us while he tanks the economy in some attempt to “reset” it like he did for himself in his multiple bankruptcies. Problem is that he had an economy, money, and assets in the bank to return to when he came out of bankruptcy, the citizens won’t because it doesn’t work like that for a country. Him and the billionaires will be fine, they’ll just carve the country up in the resulting fire sale.

  • Kaboom@reddthat.com
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    9 hours ago

    dumb

    I guess that nazi has finally become so overused that they had to resort to something else. But surely they could’ve come up with a better buzzword than “dumb”. It’s just a dumb term.