President Donald Trump says his 25% tariffs on Canada and Mexico are coming on Saturday. Trump also said he'll "probably” decide on Thursday night whether to include oil from those countries as part of his import taxes.
Well, the prices of everything are about to skyrocket and will never come back down. Once companies see that consumers will pay these inflated prices (because they have no other choice if they want to do things like eat or drive), that’s going to become the new price. Even if the tariffs are rescinded later, the decreased tariffs will just turn into more profit for the corporation, not lower prices for the consumer.
This is just going to turn into nothing more than lost jobs, skyrocketing inflation, and probably a recession.
And why would anyone ever “negotiate a deal” with Trump again? He already threatened them with a 10% tariff once before, and got them to commit to spending $1.3 billion on a “border control problem” that doesn’t actually exist. Then he slaps bigger tariffs on them anyway? Who in their right mind is going to want to negotiate in good faith knowing full well that Trump can and will just go “eh…nah” on a whim and renege on his end of the deal because fuck you that’s why? Especially since Trump’s biggest problem is supposedly our current trade deal with Mexico and Canada, which Trump crafted back in 2020 in the first place.
Remember the day: January 31, 2024 will soon be known as the day that prices were at their lowest during Trump’s entire administration. It’s all uphill from here. Fast.
Well, the prices of everything are about to skyrocket and will never come back down. Once companies see that consumers will pay these inflated prices (because they have no other choice if they want to do things like eat or drive), that’s going to become the new price. Even if the tariffs are rescinded later, the decreased tariffs will just turn into more profit for the corporation, not lower prices for the consumer.
This is just going to turn into nothing more than lost jobs, skyrocketing inflation, and probably a recession.
And why would anyone ever “negotiate a deal” with Trump again? He already threatened them with a 10% tariff once before, and got them to commit to spending $1.3 billion on a “border control problem” that doesn’t actually exist. Then he slaps bigger tariffs on them anyway? Who in their right mind is going to want to negotiate in good faith knowing full well that Trump can and will just go “eh…nah” on a whim and renege on his end of the deal because fuck you that’s why? Especially since Trump’s biggest problem is supposedly our current trade deal with Mexico and Canada, which Trump crafted back in 2020 in the first place.
Remember the day: January 31, 2024 will soon be known as the day that prices were at their lowest during Trump’s entire administration. It’s all uphill from here. Fast.