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Trump is creating a situation where if you import a whole airplane or refrigerator from Canada you will pay a lower tariff than if you import Canadian metal to a factory located in the United States.
David Watson 🥑
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That seems.. ideal? There will always be demand to buy desirable products from overseas (even at a premium) but this incentivizes raw materials extraction and processing domestically, which are important for national security.
Tariffs aren't political theater—they're math. 25% duties on steel and aluminum created $300B in domestic manufacturing contracts. USMCA rules pushed 47% of parts sourcing back to North American suppliers, up from 29% pre-2020. Raw materials meeting U.S. quality standards
Very smart, very savvy! I also like how he's going to crush the North American auto manufacturers with tariffs on inputs, which will benefit Japanese and South Korean automakers. Again, this is 11th dimensional chess the likes of which we've never seen.
That's exactly what happened with previous steel tariffs. It hurt US manufacturers. Products made of steel were not tariffed.
This is what im dealing with. My maquiladora is set up for near shoring per the usmca, highest portion of wages in in usa….it is line ball cheaper for china and Europe to import now and if 4/2 mx tariffs come in then everything collapses. Business needs stability to plan & time
Of course not. Why would they buy an airplane from Canada? Trump is pushing that industry inside the US or just making cheaper deals with it’s second-aluminium partner… Brazil. Have you heard any tariffs to Brazil, yet? 🤫
Perfect, then I’ll just order a whole Bombardier Global 7000 instead of assembling it myself from parts.
Is this situation the product of delusional musings of an ignorant mind, or is it a calculated plan to dismantle the economic engines and societal norms of a strong America?
Tariffs are something you must use very, very carefully, because they have many effects on economy. He's doing the opposite.
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Break the back of economy , stock market, lose trillions , take money from millions of americans just to have some manufacturing jobs to produce something that yesterday could be bought cheaper
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Only problem with your analysis is that they don’t build aircraft and they won’t before this is settled Good gaslighting try though
Any chance that when the Dems are in power again they'll at least make noises about clawing back presidential tariff powers? It is insane that a madman can take office and easily, rapidly tank the U.S. economy.
FOFA this is temporary. Once we get those Canadians bent over grabbing their knees we will drive them home, Everything is going to be okay. They were listening to the Democrats. They actually believed Trump would capitulate to democrat public opinion. This is WAR
Yep. Dealing with this now. Work for the largest aluminum company in the US and we get the bulk of our scrap from our sister plant in Canada. Absolutely fucking stupid decision that's going to hurt a U.S. company.