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Withdrawal is going to make people go mad
(slrpnk.net)
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this post was submitted on 12 Nov 2024
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Black Rifle Koffee
But (assuming a tarrif is something that can even pass) I imagine you're going to see a swiss cheese of exemptions for favored countries. And these countries will become a back door for imports.
Expect all of your coffee to be mysteriously harvested from Canada.
Why do you think Canada would be spared tariffs?
The intent is clearly to "fix" the USs trade deficit, so Canada being the biggest trade partner would be prime for these.
I think any tariff that passes will have a swiss cheese of exemptions, because that's just how the game is played in Congress.
Lobby hard enough and you'll get your country excused one way or another.
It would be prime for Canadian ports, and for a host of middle men who get to launder trade goods through a legal loophole.
But that's the real end game. Not domesticating manufacturing, but monopolizing channels for import/export.
I mean sure that's the way it went before, but just on the intention of the incoming administration (who will have full control of all three branches) the planned tariffs will target something.
No don't. Last mandate, Trump out tarrifs on Canadian steel, labeled it a strategic risk. Read somewhere that it boosted Russian owned us steel mills somehow. Canada is not getting any favors from that guy.
Given the degree of US sanctioning on Russia, I'm not clear what a "Russian owned US Steel Mill" is even supposed to look like.
I remember Japanese Manufacturer Nippon Steel is moving towards full acquisition of US Steel, the largest steel maker in the country. That has, at least in part, been driven by the threat of US tariffs. But this only further illustrates the problem. Foreign mega-corps gobbling up domestic industry do nothing to improve the US economy.