Tourism in The US is down to the tune of billions of dollars, soybean exports have tanked, US liquor is basically non-existent across Canada and other countries, etc etc.
I don’t know how long this can go on , when will the average American not be able to take it anymore?
We are astonishingly bad at understanding abstraction. We understand that if Kevin shows up at our house and punches us in the face, we should avoid Kevin. But once you put a layer of abstraction between Kevin and the broken nose, we suddenly become baffled about how this could happen, and then we vote for Kevin.
This is an extremely arrogant statement to think a single individual can know the best interests of an entire country and to know they were wrong in identifying their own. To quantify this, perhaps one close proxy is to see how many people really regretted their vote after the fact, which in the context of US does not appear to be that many (even those unsatisfied with the outcome post hoc would not necessarily have voted for the opponent if given a time machine.)
Perhaps it is not trivial to have visibility into the intricacies of other people's lives and their priorities. Even harder to generalize it to tens of millions of people in a country.
Voters, to a great extent, aren't motivated by what one might either expect or hope, nor 1/10th as well informed about the operation of their own government or the issues at stake as one might hope. It's a shit-show, so much so that it's practically miraculous that voting produces functioning governments ever, at all, and the whole thing's terribly fragile (after convincing themselves the data weren't wrong, the next step was a few decades of trying to figure out some mechanism by which this whole thing wasn't as worrisome as it seemed, which effort turned out to be based mostly on "copium", to use a modern term, and was eventually regarded as having more-or-less failed)
It's also an opinion that doesn't require omniscience to hold. I don't know why that's the bar you've set. Yeah - of course nobody can really know what's best.
If you are hoping for some limit to be reached where a popular uprising will be triggered, then I would advise to not put your hopes on it.
I expect most of the pain will be from lost potential growth rather than an actual decline in real terms, and that it'll take a while for most people to realize how stagnant we've become—because line will continue to Go Up thanks to an inflation-based debt reduction strategy, plus the US is such a giant player in the global economy that our slowing way down will also slow the global economy for quite a while, until it adjusts, so we'll still seem to be doing relatively OK for potentially another decade or more.
Of course we could also derail into something even worse than Russia. Or capital flight might hit us harder and faster than I think it will (anyone who can't see a way to, or can't stomach, getting on the good side of our rulers, will want to get out so they don't lose all their shit, including possibly their lives in extreme cases)
The average American loves this Right up until they lose their farms, their distilleries, tourism-based jobs and everything else.
Anyone with a shred of sense can see where this is heading: the inevitable collapse of the American empire and the end of its unparalleled global dominance. At this point, it’s unavoidable. The U.S. has alienated nearly every ally it once had. Ironically, Trump might be the one who saves Europe in the long run.
Except that the political class in EU is almost unanimous in following behind US and begging US for approval.
It's all tech / AI / crypto focus now.
This seems to be an emotional reaction by the observer, not a quantified study, so citation needed. The US market is so big and relatively unified in language and regulations and that make you willing to bite a lot of bullets. Have you ever listed an app on the App Store and dealt with French BS, for example, for a relatively tiny market?
> They will all just trade with each other instead.
Many of the US products and services are not as commoditized.
A citation would be good, yes.
I've not seen overall import/export stats this year.
But stats from a few years back, say that the number 1 and 2 imports and exports are food and oil? EVs significantly reduce demand for oil, but it's not got much to do with Trump. I saw the same stories as everyone else abouy soy bean exports to China going to zero, but that's just one export to just one country, not an overall trade update.
> The US market is so big and relatively unified in language and regulations and that make you willing to bite a lot of bullets. Have you ever listed an app on the App Store and dealt with French BS, for example, for a relatively tiny market?
Solving this is the primary purpose of the EU: unified single market.
China also big, unified.
-- https://news.ycombinator.com/newsguidelines.html
Hacker News is not a political news discussion forum. It is an AI news discussion forum.
P.S., > “BBC seems like a trustworthy”
Indeed! That’s their best trick.
But that's a reduction, not a termination. US demand for those goods still exist. And it is US consumers that pay.
The reduction is a result of lower consumer spending power. Which will affect everything, not just the tariffed goods.
Some of the goods may end up being sourced in the US. However that won't affect consumer prices, which will remain high. (The whole point of tarifs is to drive up local prices so domestic production can compete. )
Some may be sourced from other countries. But since all countries are being tariffed there are only marginal gains here.
At the same time Canadian producers will actively explore alternate markets. This will (long term) improve Canada's economic security by reducing dependence on US markets.
All the above assumes T won't start negotiating again next week. Which since TACO is likely anyway.
Either way, this will be a long-term gain for Canada and long term pain for the US.
If Chinese cars enter Canada and enter Mexico, you can say goodbye to the US auto industry. Recall, the most recent news is the bankruptcy of an auto loan firm in the US, itself a sign that cars are not affordable to workers, which is the only way these workers can travel for their jobs because public transit is so poorly funded.
Car manufacturing is not going to get cheaper in the US without a whole lotta pain, and the loss of inertia is going to affect all industrial sectors.
Mexico has increased tariffs, to 50%, but Chinese cars remain competitive even after that.
His inheritance performed worse than the s&p by a large margin under his stewardship.
He’s not a business man, he’s someone who inherited $450M in today’s dollars and wears a business suit as a costume, and incidentally more makeup than most drag queens.
He’s disgracing everything he touches and the Trump name will be hated and associated with stupidity and bigotry for a long time.
> Canada cuts tariff relief on some US cars due to Stellantis, GM ending some Canadian production
https://apnews.com/article/canada-us-auto-production-tariffs...
The ad aired a week ago and Trump said he’d do the same thing and didn’t care. However this development prompted a retaliation. There’s a low simmering trade war that Trump has been waging against partners and these are just excuses he claims so the media doesn’t focus on the actual details of the war but instead on BS culture war topics.
That really does seem to be what set him off.
What the article in the parent post doesn't mention is that Stellantis and GM received massive handouts from the Canadian government to retool factories in Canada, contingent on actually operating those factories and employing Canadian workers. Abandoning them and moving production to the U.S. (because of tariffs) violated their agreements. Hence, no more tariff relief for them.
North American auto companies are between a rock and a hard place right now, but it'd be folly for the Canadian government to let them ignore their agreements without consequence.
TL;DR: It would be more accurate to say Trump tried to steal a cookie from the Canadian cookie jar and is now acting shocked that his hand has been slapped. Canada is merely reacting here, and rather mildly at that. Calling off trade negotiations entirely is clearly not warranted and everyone should expect another TACO Tuesday.
Trump already tariffed cars and car parts from Canada under the guise of national security, in complete and utter defiance of USMCA (you know, the best trade agreement ever as described by the guy who signed it: Donald Trump). Canada should return the favour. Canada had tried to play nice with the "American" automakers, but if they screw Canada to pander to the rapist, they lose that benefit.
The situation in Canada is kind of messed up. We literally have trade barriers between provinces, tariffs on a ton of stuff, government protected monopolies and all that has lead to capital either being allocated poorly or allocated right out of the country. Even government pensions put most of their capital in US markets instead of in our own country.
While US tariffs on Canada will obviously lead to economic malaise, I can't say it's undeserved. Hopefully it leads to a wake up call here (it probably won't though, Canadians will just become more and more insular).
It's funny, we've been trying to forge closer ties with the EU and China but again, we are rebuked because we have tariffs on a bunch of their goods.
> tariffs on a ton of stuff
> we are rebuked because we have tariffs on a bunch of their goods
I can guess why one might think some of this (tariffs on Chinese EVs directly led to agricultural counter-tariffs from them and dairy trade barriers have always been a source of frustration), but in general, Canada's tariffs and barriers are by all indications in line with peer countries (US, UK, EU, Australia, etc.) and not particularly noteworthy. If you have concrete evidence to the contrary (not just that some trade barriers exist between Canada and its trading partners, but that they are out of the ordinary and much higher than other countries'; and that the world, in particular EU does not want closer ties with us because of them), I would love to study your sources and update my understanding.
Didn't take long to discover that your "as a Canadian" is actually "as a hyper-partisan Alberta separatist that thinks oil is all that matters".
Kind of gave up the game when you said this nonsense: "we've been putting up tariffs on trading partners' goods".
"It's funny, we've been trying to forge closer ties with the EU and China but again"
You really, really have no idea what you're talking about.