Trump's tariffs on Canada, Mexico and China are in effect. Here's what could get pricier
www.cbsnews.com/news/trump-tariffs-what-will-cost-more-inflation/

* The typical American family could face higher annual costs of between $1,600 to $2,000
* Gas prices to rise 40 cents per gallon ("drill baby drill" won't fix it)
* Automobile and electronics prices will probably take a few months to show the full cost rises
* Many fresh fruits & vegetable prices will rise much sooner


Trump tariffs: U.S. pauses tariffs on some Canadian, Mexican imports until April 2
www.cnbc.com/2025/03/06/trump-tariffs-live-updates-businesses-warn-of-ripple-down-effects-from-tariffs-because-of-rising-costs.html

* President Donald Trump granted temporary tariff exemptions for Canadian and Mexican goods covered by the North American trade agreement known as USMCA until April 2.
* About 50% of Mexican imports and 38% of Canadian imports are covered by the trade agreement, according to a White House official.
* Trump is poised to enact “reciprocal tariffs” April 2 on foreign nations that have import taxes on U.S. goods.
* Mexican President Claudia Sheinbaum said Mexico should be spared when such reciprocal tariffs come into effect. *Canadian Prime Minister Justin Trudeau said his goal remains to get “all tariffs removed.”
* Thursday’s tariff exceptions excluded those imposed on China. The country is standing tough, saying it’s prepared to fight “any type of war” with the U.S.

So Trump suspended many of the tariffs on Mexican & Canadian imports for another month, which aside from making Trump look unserious, it only adds a delay to the idiotic consequences of a trade war, and businesses don't do as well in an unpredictable environment.

A tariff is basically a sales tax on the people of the United States, I have not heard a clear answer on what the US government is going to do with this money? It is almost like a "sin tax" like the put on alcohol or tobacco to try to slow the amount people are buying from foreign countries, but many of these things we have no choice but to buy from other countries. And what is stopping them from selling them to another country and then that country selling them to the United States? Not saying I am against all tariffs, but seems it should be more uniform across the board.
As people panic that 25% is such a big number, most of what is being bought is at a wholesale level, so by the time it gets to the user that percentage should be much less.
Funny how Canada is making such a fuss out of these tariffs being they have such outrageous income tax and sales tax themselves, takes a lot of tax money to run a socialist country, probably one of the reasons why the United States is trying to add this hidden tax? Just another one of those things that if people were smart this could all be figured out, but leave it up to the government to make stupid moves that don't make sense, that's what they do best.

That scheme of transporting through non-tariffed countries is exactly what happens, even before these latest tariffs came up. Even though it's illegal, when businesses move $billions in cargo and buyers look for lowest costs they typically choose the cheapest way to do it.
www.reuters.com/markets/us/us-firms-demand-crackdown-tariff-evading-chinese-importers-2025-03-05/

Also, Trump is extra full of crap when he says foreign companies pay the price, because when the US market price jumps 25%, domestic producers will not stubbornly stick to the lowest price. They charge as much as they can and make the sale.

Trump now losing his mind over retaliatory actions from Canada. Raising tariffs to 50% and pledging to kill Canada's automotive industry.

Trump imposes new Canada tariffs, demands it join U.S.

President Trump on Tuesday imposed new retaliatory tariffs on Canada and insisted the only solution was for the country to join the U.S.
www.axios.com/2025/03/11/trump-tariffs-canada-steel-aluminum

Of course Canada is retaliating, including their own tariffs, a general boycott of products from the US, and even imposing surcharges on electricity from Canada to the US--possibly even cutting off that electricity later.

Trump is an imbecile.

Trump and Musk are doing what has needed to be done for many years now. Finally someone whit the backbone to do the right thing. A short term pain for a long term stability. The Democrats have been screaming for years ‘ pay your fair share. So Canada, Mexico and all the other countries that have been taking advantage of us. Those days are over. Every country needs to pay their fair share.. to think we can keep the status quo and sustain that kind of spending is imbecile..

A trade imbalance isn't taking advantage of the other country. Canada's and Mexico's populations and economies are small fractions of the US. How do you expect them to be able to buy as much as the US does? How is Mexico not paying their share when they're farming those vegetables that the US buys, for example?

Trump is convincing you that a trade imbalance is so unfair and bad for us, when the US consumers get to buy stuff for less. If anything, maybe you should be more angry with big pharma for jacking up the price of your prescriptions or angry at the landowners who jack up the price of real estate, and the farm equipment manufacturers that makes it so expensive to grow crops in the US? Otherwise, it's just Trump's friends selling you eggs for a buck a piece, while he pushes his tax cuts for billionaires. I hope you're happy.

And you think all that extra expense is because of Trump .. you are stretching it there Mortman. Trumps been in for less than 60 days . We are still feeling the constraints put on the US by the Biden Administration. I guess you haven’t heard about Apple investing 500 billion in manufacturing here.. several other company’s investing 60 billion each.. Trump is bring back the america everybody loved and prospered in. IRS says Trumps idea of a balanced budget could allow people that make less than $150,000.00 to pay no income tax.. that’s how much waste and fraud we could put towards helping the American people. Maybe at of the cost from the last four years are because of foolish beurocratic red tape to slowdown the free market here in the US… I think the dems idea is that we here in the good ole USA have had it so good for so long that they should bestow that greatness on some one other America..

At least D Trump has tariffs unlike Previous administration who did absolutely Nothing good for America.

https://www.newsmax.com/hottopics/topic/tariffs/500/



updates on tariffs

The companies investing in new US business are doing it because of Biden's CHIPS and Science Act, which gives grants and tax cuts to companies investing in US businesses. Like you pointed out, 60 days is too short a time to make all that happen, and Biden's act was signed into law in 2022. Not surprised that Trump is taking credit for it.
www.commerce.gov/news/blog/2024/08/two-years-later-funding-chips-and-science-act-creating-quality-jobs-growing-local

And the "people that make less than $150,000.00 to pay no income tax" is a scam. The US is running at a deficit, and further tax cuts just add to it and the national debt. Of course we all knew Trump would. Back before the election, it was estimated that Trump would add at least $9 trillion to the debt. That was just on the tax cuts he had proposed by then. This eliminating taxes on earnings under $150K is just another giveaway. They money will come due sooner or later. Maybe Trump doesn't care because he won't live long enough to see it ever get paid back. That, and Medicare and Social Security. Again, Trump won't care because he doesn't need Social Security. I'm guessing by the way you're crowing about this, you don't take SS or Medicare, either.

Trump Administration’s No Taxes Under $150k Proposal Is A Disaster
www.forbes.com/sites/andrewleahey/2025/03/14/trump-administrations-no-taxes-under-150k-proposal-is-a-disaster/

Sorry. You think the tariffs are good for America? Here's a story from that link you shared above:

DHL CEO: Global Trade to Grow Despite US Tariffs
https://www.newsmax.com/streettalk/dhl-ceo-global/2025/03/13/id/1202599/
It's saying that global trade is predicted to increase, but only because most of the global trade is outside the USA. As in 75% of the global trade (outside the US) will likely grow. The tariffs are definitely a damper to international trade, and nobody wins a trade war. Trump is just causing other countries to boycott American-made products. Canada had planned to buy $billions in US defense supplies, but are now looking to cancel those orders and buy from Europe. And that's Canada--our closest and formerly best trading partner.

Lol. It’s absurd to think the newly announced investments coming our way is of Biden’s doings in 2022.. but you think the war in Ukraine is because of Trump. Talk about backwards thinking.. I’m not worried about S.S or Medicare because Trump will save it by cleaning up the corruption and mismanagement by the democrats over the S.S and Medicare. Not to mention FEMA and most every other government program.

I never said the war in Ukraine is because of Trump. It started back in 2022, and was clearly because of Putin. He'd been planning for years by the time the first units invaded, squirreling away hundreds of billions of euros and dollars into banks around the world, and making plans with his generals. I doubt Trump had any idea of anything. He's an idiot.

I’m sure Trump saw the writing on the wall about Russia invasion, something that went over Biden’s head, even after he gave them clearance for a small incursion.. The democrats are at a all time low approval rating by their own party,, a embarrassing 27% .. a lost party that may never come back to being a responsible and respected political party

'So Trump suspended many of the tariffs on Mexican & Canadian imports for another month, which aside from making Trump look unserious, it only adds a delay to the idiotic consequences of a trade war, and businesses don't do as well in an unpredictable environment.'


It was either, US suspended or removed the incoming tariffs which was why Mexico and Canada was on the phone asking for and Trump decided to suspend them.

I saw that. Many people are upset that Senate Democrats helped Republicans pass their continuing resolution with all the cuts to veterans' programs. Very disappointing. Of course, Republicans should be ashamed of themselves, but we all know they have no shame.

Anyway, polls are just a snapshot and we've got over 18 months to turn things around. It's not like Trump will solve any problems in that time. I'm betting Democrats take the house and Senate in '26.

I’m betting they lose again because of the same BS message they been repeating the last four years . Trump bad … Why can’t the dems understand the difference between cutting waste and cutting benefits. If you cut the waste their will be more for qualified people.

More qualified people on unemployment, you mean?

System-wide personnel cuts isn't efficiency. It's just mindless reductions, and they wind up wasting more time and money trying to hire them back. Not to mention all the illegal firings. There are laws protecting federal workers from unwarranted firings, and the Trump Administration and DOGE are breaking laws left and right in the process. It'll probably take years and possibly $billions to sort it all out. Maybe longer, as some of the agencies that oversee that sort of thing are also getting the illegal reductions in force.

The U.S. debt situation is definitely serious—$35 trillion and climbing, with debt-to-GDP around 125%. U.S. debt-to-GDP is around 125%, give or take, depending on how it's measured (public debt vs. total national debt). That means the country owes more than it produces in a whole year, which is a red flag for any economy.

That level isn't sustainable forever without consequences. Eventually, something’s gotta give, whether through inflation, higher taxes, spending cuts, or a reset of some kind.

Trump's targets for 'reciprocal' tariffs include uninhabited islands but exclude Russia and Iran
abcnews.go.com/Politics/trumps-targets-reciprocal-tariffs-include-uninhabited-islands-exclude/story?id=120445283

Trump went so crazy with tariffs that he included "reciprocal" tariffs on an uninhabited island. No word on how the penguins there are dealing with these new economic challenges.

And interestingly, Trump levied no tariffs on his puppet masters in Russia.