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sin-n-dex · ‎01-20-2025

I'm watching the National as it streams on You Tube right now, and they just showed a clip of Trump saying he's going to impose 25% tariffs on Canada and Mexico starting February 1.

Everyone was watching what's going to happen today... thought I'd share what I learnt.

C.

lotzofuniquegoodies · ‎01-20-2025

@sin-n-dex wrote:
I'm watching the National as it streams on You Tube right now, and they just showed a clip of Trump saying he's going to impose 25% tariffs on Canada and Mexico starting February 1.

Everyone was watching what's going to happen today... thought I'd share what I learnt.

C.

@sin-n-dex

He's creating some kind of External department of Revenue to collect. He hasn't grasped that buyers pay tariffs, not sellers/shippers/manufacturers. Remember that comic book you sent to Fred in Omaha...here's your bill for doing so!!!

Who pays tariffs?

It is paid by the importer, a probable wholesaler, who passes it on in the form of higher prices for his or her customers. The usual aim of the tariff is to make imported goods more expensive so that people will buy good produced domestically instead.Nov 11, 2024

He may be thinking of it more like anyone who buys from a Canadian/foreign seller falls under anti dumping regs.

There are a range of other restrictions and potential duties, taxes or other fees when importing or exporting goods, including anti-dumping duties, export controls, sanctions (increasingly used by Canada and the US as a foreign policy and national security tool to respond to events on the world stage like Russia’s invasion of Ukraine), surtaxes (see our recent article on Canada’s imposition of surtaxes against EVs, aluminium and steel from China) and restrictions on importing goods made using forced/child labour (to respond to concerns about working conditions in places like the Xinjiang region of China).

sin-n-dex · ‎01-21-2025

@lotzofuniquegoodies wrote:
@sin-n-dex wrote:
I'm watching the National as it streams on You Tube right now, and they just showed a clip of Trump saying he's going to impose 25% tariffs on Canada and Mexico starting February 1.

Everyone was watching what's going to happen today... thought I'd share what I learnt.

C.
@sin-n-dex
He's creating some kind of External department of Revenue to collect. He hasn't grasped that buyers pay tariffs, not sellers/shippers/manufacturers. Remember that comic book you sent to Fred in Omaha...here's your bill for doing so!!!

Who pays tariffs?
It is paid by the importer, a probable wholesaler, who passes it on in the form of higher prices for his or her customers. The usual aim of the tariff is to make imported goods more expensive so that people will buy good produced domestically instead.Nov 11, 2024

He may be thinking of it more like anyone who buys from a Canadian/foreign seller falls under anti dumping regs.

There are a range of other restrictions and potential duties, taxes or other fees when importing or exporting goods, including anti-dumping duties, export controls, sanctions (increasingly used by Canada and the US as a foreign policy and national security tool to respond to events on the world stage like Russia’s invasion of Ukraine), surtaxes (see our recent article on Canada’s imposition of surtaxes against EVs, aluminium and steel from China) and restrictions on importing goods made using forced/child labour (to respond to concerns about working conditions in places like the Xinjiang region of China).

He said on the news last night that he's not going to tax US citizens to enrich foreign countries, he's going to tax foreign countries to enrich US citizens.

If you tax a foreign country then prices just get higher in the US and the citizens still pay. The foreign country isn't dipping into their profits to pay a tariff.

If they decide to start adding it on checkout for international sales, it's the buyer who pays, so it's a tax for US citizens.

C.

lotzofuniquegoodies · ‎01-21-2025

@sin-n-dex wrote:
@lotzofuniquegoodies wrote:
@sin-n-dex wrote:
I'm watching the National as it streams on You Tube right now, and they just showed a clip of Trump saying he's going to impose 25% tariffs on Canada and Mexico starting February 1.

Everyone was watching what's going to happen today... thought I'd share what I learnt.

C.
@sin-n-dex
He's creating some kind of External department of Revenue to collect. He hasn't grasped that buyers pay tariffs, not sellers/shippers/manufacturers. Remember that comic book you sent to Fred in Omaha...here's your bill for doing so!!!

Who pays tariffs?
It is paid by the importer, a probable wholesaler, who passes it on in the form of higher prices for his or her customers. The usual aim of the tariff is to make imported goods more expensive so that people will buy good produced domestically instead.Nov 11, 2024

He may be thinking of it more like anyone who buys from a Canadian/foreign seller falls under anti dumping regs.

There are a range of other restrictions and potential duties, taxes or other fees when importing or exporting goods, including anti-dumping duties, export controls, sanctions (increasingly used by Canada and the US as a foreign policy and national security tool to respond to events on the world stage like Russia’s invasion of Ukraine), surtaxes (see our recent article on Canada’s imposition of surtaxes against EVs, aluminium and steel from China) and restrictions on importing goods made using forced/child labour (to respond to concerns about working conditions in places like the Xinjiang region of China).
He said on the news last night that he's not going to tax US citizens to enrich foreign countries, he's going to tax foreign countries to enrich US citizens.

If you tax a foreign country then prices just get higher in the US and the citizens still pay. The foreign country isn't dipping into their profits to pay a tariff.

If they decide to start adding it on checkout for international sales, it's the buyer who pays, so it's a tax for US citizens.

C.

@sin-n-dex

What DJT does not seem to grasp is that when Joe or Judy Consumer/Manufacturer etc are looking for a widgit and they can't find anywhere in the USA, they buy elsewhere. It's what Canadians and everyone else does. It's his way to make it more the process more challenging & expensive because he is not big on grasping real world concepts.

mrdutch1001 · ‎01-21-2025

One has to remember the source>an uneducated person with the thinking power of a child who understands nothing about anything.

Tariffs are but a game to him, but as he doesn't understand the rules, he will play by whatever rules suit him for the purpose, no matter who gets hurt in the process. DT simply does not "get it"; and doesn't seem to remember how the tariffs applied in his previous administration hurt the USA....just as the USA will be hurt and burdened with higher costs through the process of these "punishment" tariffs applied to foreign countries.

This game of tariffs is a wait and see where the ball bounces...

brettjet38 · ‎01-21-2025

Trump’s tariffs are a fool’s game...

...and now the show has started.

femmefan1946 · ‎01-26-2025

In passing-- Canada Post is complaining to the feds that they are going broke.

Canada Post charges a $9.95 service fee for what couriers call "customs brokerage" and charge $20+ for the service.

Canada Post could increase the service fee without Parliamentary permission.

And it discourages buying from the USA, on a small scale.
Who's in charge of the Tariff War in Ottawa?

fergua3 · ‎01-26-2025

Trump is not rational. In the 6 days since he's been President he has threatened many of the USA's closest allies and trading partners with tarriffs and/or invasion (Canada, Mexico, Greenland, Panama and all of NATO), made repeated claims about running for a 3rd and even 4th term as President and claimed that to say that he can't is 'fake news', withdrawn the US from the Paris climate accords, pretty much closed down the EPA, stopped all international aid and financial assistance, floated the idea about closing down FEMA, shut down the DEI and scrubbed the website, set gender rights back several decades, fired the top 15 government watchdogs and deployed US troops on US soil in the southern border states. There's other stuff he's done too. On top of that his buddy Elon Musk has been actively interfering in the politics of Canada, the UK and Germany.

That's in 6 days.

I think we are going to have a lot more than 25% tariffs to worry about.

marnotom! · ‎01-26-2025

Can you imagine the outrage if our Head of State (King Charles) did all that without any sort of input from our elected representatives, including our Prime Minister?

mrdutch1001 · ‎01-26-2025

ah but remember we have a wannabe Dictator in the making and bullying anything,anyone,any country will get him want he wants because he has Elon &Elon's $in his back pocket!

sin-n-dex · ‎01-28-2025

January 28th's "The National" on CBC is about to start live streaming on You Tube. (You can watch it tomorrow when it's cached if you miss it tonight).

The headline is that the White House is affirming Feb 1 Tariffs. Don't know yet what they're going to say, but thought I'd mention it for anyone who's paying attention to the news.

C.