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Wouldn’t a subsidy or tax incentive for things produced domestically be a more beneficial way to combat tariffs?
This is what we get now that prats are running the US economy on adolescent IQs and emotions.
The "women are too emotional to be leaders" crowd are running the show with the mentality of a grade school bully
As an American, I don't see a choice. This is a trade war, shots were fired. I hope it's a short war.
These trade wars are seldom short, they are easy to start but hard to stop. Look up Chicken Tax (started in 1960s)
All we need to look up is the fact that Biden kept a lot of Trump's tariffs. That's not a slander on Biden, just fact. Most people don't understand that you can't just shock entire industries overnight with knee jerk trade policies.
Tat, meet Tit.
I order a decent amount of coffee from Canada and am pretty miffed about this on a personal level not to mention a philosophical one.
Someone explain why he is going after Canada? The US has benefitted from having the safest borders in the world and this dolt wants to jeopardize that.
He's salty about America's trade deficit with Canada, which as the other guy said is madness.
Madness.
It's like "ok fine, we won't buy shit off eachother"
Last I checked US has a bunch of stuff they try to sell.
So from my understanding and the consensus from Reddit/Lemmy when Trump first announced tariffs is this will only hurt consumers because the companies will pass the cost onto the consumer. Now that Canada is doing the same does this means that they are also passing a secret tax to their consumers as well? I'm not Canadian but I thought they were having a hard time with their economy right now so is this the best move to make for the consumer?
I imagine you have a fridge, a stove, and know how to cook. Sometimes you cook at home, sometimes you eat out.
Let’s say that you want to stop eating out, or maybe save money, or maybe you do it just because it’s fun: each time you order out, you put 25% of the bill in a jar at home.
Eating out becomes more expensive for you (now that you need to pay the jar), but the restaurant makes the same money. In the long term, the restaurant might loose out on money if you decide that paying the jar is too expensive and you just decide to cook at home. But hey! You have a jar full of money at home. Maybe you’ll do something with it one day.
Replace the jar with tariffs and cooking out with whatever we buy from around the world and you have what’s happening now.