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BumRushDaShow

(146,295 posts) Tue Jan 21, 2025, 05:19 PM Jan 21

Trump says he will follow through on Canada and Mexico tariffs and reveals date he expects them to start

Source: The Independent

Tuesday 21 January 2025 13:54 EST

Tariffs of 25 percent could hit goods from Mexico and Canada entering the U.S. as soon as next month, Donald Trump announced on Monday while signing executive orders, signaling the beginning of a potential trade war that could have major effects on the U.S. economy.

Trump claimed in the Oval Office that Mexico and Canada are “allowing vast numbers of people” and fentanyl to cross their borders into the U.S. “We’re thinking in terms of 25 percent on Mexico and Canada because they’re allowing vast numbers of people [into the U.S.],” Trump said, arguing both countries were allowing fentanyl to enter the U.S. as well.

The president said he thinks the tariffs will start on February 1. If implemented, the tariffs would impact major economic sectors, including the auto industry, oil production, and agriculture. Trump’s announcement makes good on a campaign trail threat from November to hit both countries with tariffs.

Officials in Canada and Mexico have suggested they could take retaliatory measures, while nonetheless urging Trump to change course.

Read more: https://www.the-independent.com/news/world/americas/us-politics/trump-tariff-mexico-canada-start-date-b2683746.html

10 replies

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Highlight:

Trump says he will follow through on Canada and Mexico tariffs and reveals date he expects them to start (Original Post) BumRushDaShow Jan 21 OP

We are in a housing shortage that's exasperated by high interest rates questionseverything Jan 21 #1

The Biden administration increased the tariff on softwood lumber from 8.09% to 14.54% in August OnlinePoker Jan 21 #7

If it goes through, watch as goods are even more expensive sakabatou Jan 21 #2

I am confident that Trump will continue to do the worst possible thing and then brag about it. twodogsbarking Jan 21 #3

Looks like Canada and Mexico have not yet ponied up big enough bribes. Irish_Dem Jan 21 #4

If this happens Lifeafter70 Jan 21 #5

Wonderful! MissouriDem47 Jan 21 #6

If the Orange Menace wasn't bluffing he would've done it already. Galraedia Jan 21 #8

It would seem so. They aren't playing and he knows it...and there's really nothing he can do about it. PortTack Jan 21 #10

Wait a minute.... slightlv Jan 21 #9

questionseverything

(10,384 posts)

1. We are in a housing shortage that's exasperated by high interest rates

Reply to BumRushDaShow (Original post)

Tue Jan 21, 2025, 05:33 PM

Jan 21

Hubby is working on a new subdivision full of rental properties ( really different for houses in my area) but people are choosing to rent because interest rates are high, if he actually adds 25% to the lumber costs, I don’t know how high rents will have to go….

OnlinePoker

(5,876 posts)

7. The Biden administration increased the tariff on softwood lumber from 8.09% to 14.54% in August

Reply to questionseverything (Reply #1)

Tue Jan 21, 2025, 06:19 PM

Jan 21

Canada supposedly has a price advantage and, yet, lumber mills are closing down all over the place because they can't compete. Instead, we're shipping our raw logs overseas to be turned into lumber there and I think shipped back to the States. It's asinine to punish American consumers for needed products, especially in places like California when the rebuilding starts.

sakabatou

(43,686 posts)

2. If it goes through, watch as goods are even more expensive

Reply to BumRushDaShow (Original post)

Tue Jan 21, 2025, 05:42 PM

Jan 21

twodogsbarking

(12,456 posts)

3. I am confident that Trump will continue to do the worst possible thing and then brag about it.

Reply to BumRushDaShow (Original post)

Tue Jan 21, 2025, 05:57 PM

Jan 21

Irish_Dem

(62,286 posts)

4. Looks like Canada and Mexico have not yet ponied up big enough bribes.

Reply to BumRushDaShow (Original post)

Tue Jan 21, 2025, 06:05 PM

Jan 21

Lifeafter70

(414 posts)

5. If this happens

Reply to BumRushDaShow (Original post)

Tue Jan 21, 2025, 06:05 PM

Jan 21

We will soon see not only shortages but an increase in costs for groceries.
Canada is one of our biggest trading partners. Many grocery items and ingredients are imported from Canada.
If trump goes through with this, I'm afraid we will see empty shelves like we did during the pandemic.

MissouriDem47

(81 posts)

6. Wonderful!

Reply to BumRushDaShow (Original post)

Tue Jan 21, 2025, 06:14 PM

Jan 21

This will be the first step to runaway inflation.

Galraedia

(5,235 posts)

8. If the Orange Menace wasn't bluffing he would've done it already.

Reply to BumRushDaShow (Original post)

Tue Jan 21, 2025, 06:20 PM

Jan 21

It's obvious that he's trying to see what he can get from them to enrich himself and his oligarchy friends.

PortTack

(35,123 posts)

10. It would seem so. They aren't playing and he knows it...and there's really nothing he can do about it.

Reply to Galraedia (Reply #8)

Tue Jan 21, 2025, 10:39 PM

Jan 21

slightlv

(4,676 posts)

9. Wait a minute....

Reply to BumRushDaShow (Original post)

Tue Jan 21, 2025, 08:35 PM

Jan 21

I don't understand... Fentanyl sold over the internet on the illegal "silk road" is somehow okay... but damn the country if it goes over a spot in the border they're not watching 24/7?

Drugs are drugs... either you're for 'em or you're against them. How in the hell does rump thread that needle? Why doesn't anyone ask him to explain the difference?

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