President Trump launches trade war: Here's what to know
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- Опубликовано: 8 фев 2025
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Isolating ourselves form the world and being hostile to our neighbors will not end up well for us in the long run. The world is already turning away from us. This will only accelerate the isolation and decline.
False its about curbing illegal immigrants and the flow of Fentanyl into our country
Mexico and Canada have been tariffing us over 100% since ww2.
The marshal plan didn’t help just Europe countries.
Democrats don’t like to tell you real history. It’s time we stop exporting our economy and these democrats stop getting kick backs from these countries they want to aid
EXACTLY thank you he is a terrible mess of a disaster as president and anyone who voted him in is responsible
We can't just give up i know it tough but i know we can make it but yes it is bad ,but we can do things that helps us all
Trump is mentally not well. He inherited a good thing and is on his way to screwing it up for EVERYBODY. Who in their right mind thinks a 6 time bankrupt felon is good at legitimate business?
This makes me think of the Smoot-Hawley tariff act in 1930 that deepened and prolonged the Great Depression. Smoot and Hawley are the persons that initiated the crisis and they are republican.
Makes me think of how Trump is always 3 steps ahead of everyone. And how the drama queens freak out over everything Trump does.
25 % tariffs = 50 % price increase on the store shelves. Corporations will use it to price gouge the American people yet again. The products don't have to even have a tariff on it to increase the price. Just use supply chain issues excuse again due to tariffs.
Tariffs are taxes , pay up 🇺🇸 people 🤑
We have a Mad Man at the helm. He's not only loving the chaos of this trade war, he's is itching for an all out war!
His life is one of chaos and no real friends. Why did MAGA allow that to spread across the country?
Lol. You voted for it, America. Enjoy. Trump’s only doing what he promised he was going to do.
The easy way to solve this problem for Canada is to immediately initiate the free trade negotiation with other countries like India, China, etc. as a strategy in fighting against Trump.
I agree! Canada and Mexico should strengthen ties with China/EU. The U.S. isn’t the only major economy anymore.
Are you rooting for POTUS to failed, hence the nation as a whole?
@@gatech5190 China absolutely hates Canada and their leadership
@@harrychu650his whole life has been a failure, no need to root for it.
let china be the big boss
Raise them tariffs 1000% from Canada: FAFO 😂
We'll do business elsewhere
Who cares. America always finds a way.
where u buy hydro by ship from somewhere
I’m against tariffs but it strikes me how people talk about how our tariffs are passed on to our consumers, but no discussion about how ex. Canadas tariffs are passed on to their consumers.
Because as a U.S. resident why does what a Canadian citizen pays matter to me. I care about what I'm paying.
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if they are merely a short term negotiating tool then how would they replace income tax? Both cannot be true.
Could bring some economic pain he says. Business will go under, layoffs everywhere, higher prices, people will lose their homes, more people going to the food banks, increased debts for individuals, businesses and governments, investments worth less are absolutely certain to affect thousands or perhaps millions on both sides of the border. More than a little economic pain i think.
Sounds like what happened under Biden. I'm serious.
@@IceLynneTrump tricked you into thinking Biden was going to make you go broke by reducing the $1.8 trillion annual corp tax cut.
Trump came in and added the largest tax on Americans in history; with $1.25 trillion in tariffs.
Honey, you’re getting played. You must have to do a little bit more research next time on what the party is actually doing in congress. What’s a little bit more hardship 😉 it’s what you voted for.
The depression begins 😢
The pendulum swung to far left and the result is a violent swing to the right. This is the Democrats fault aka Progressive Liberals. Anyone with a brain knows that being more centric is the best place to be...less swing, less upset and unwarranted change.
I blame Justin Trudeau, if he wasn't so handsome, Malaria Trump wouldn't have the hots for him
This is likely the root of the issue.
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Argentina made sweeping changes and within a year or so they now have a surplus. Americans live in a state of fear and panic created for them by news media outlets like this one. Most of Americans understand that the process of reclaiming American's sovereignty, dignity and reputation will not be easy. We're ready to ride out the storm. It's the people of the losing party (Democrats) that don't have the ability to see what was happening to our country and how close we were to collapse. Conservatives are called that for a reason and it's by them that we're still a nation. Liberals spend spend spend and it's not sustainable.
And now you magats can't see that this administration is a bunch of nazi pukes.
It will affect the poor and middle class not the rich , wealthy or the oligarchs. Trump says "brace for pain". Our leaders say " we've got your back"
It won't effect anything. For context, Canada's economy is smaller than California's. Despite the media narratives, they cannot impact the world's largest economy.
It's about stopping the the flow into our country of Fentanyl killing thousands of Americans
Hide and watch up state New York, Michigan, and Wisconsin with no electricity from Canada, South Dakota with no market for 23 billion dollars worth of grain, oil refineries with 3 1/2 million barrels of oil less every day and don't say we don't need it because I retire from the oil industry and it would take us at least a year to modify our refinery to process lite crude so the price of gas will sky rocket to pay for the retrofit
@@harrychu650lol tanga
Praise the LORD! Both Mexico and Canada have caved!
Sanction adversaries who are violating agreements (China), not allies who are complying with Trump negotiated agreements (Canada).
The work of a stable guinus.
This is stupid and ill-advised, but then so is trump. I suspect that within a year, most of his obtuse ideas will have been discarded.
Its' only a trade war if you're not smart enough to see the tariffs as a peaceful means to achieve cooperation between countries,
Or are dim enough to pretend that they are.
you guys do realise that you import energy and food from Canada 🙄
It's called inflation it's all going up and so should your paycheck don't fall behind america
This report almost rivals the story you did on cheap inferior-quality foreign imports driving American businesses out of business. Almost, but not quite, since you never did that story.
This story is already old. Mexico is falling into line.
Even if manufacturing was to move back to the states, you can't build a factory in six months. You're looking at at a 2-3 year process. And is a company going to sink millions/billions in a new factory when the policy can be changed at a whim or with a new administration, no. You are in for higher costs.
Trump is so annoying he just causes needless chaos in the markets.
Chaos means strong dollar
Profoundly fact free comment - from one with an Econ background.
Trump needed to address U.S. goods being tariffed out of markets, etc.
@@MarcPagan Export tariffs compounded with a strong dollar. A double whammy.
New patch just dropped, merchantilism meta is coming back, baby!
why is the stock market not dropping 20%? manufacturing costs, building costs, food, gas, everything is going up 10-20%. and who administers these tariffs? do we need to hire thousands of bureaucrats and customs agents? or are the wait lines at borders going to take days?
It is.
The stock market and economy are going to crash. It takes more than a day or two.
The market still doubts Trump wants to continue . Market bros don't think the leopards are coming.
Nice, all those people who voted for this are getting the dream and hopes.
Now tell me was the last 4 years as bad as the last 2 weeks?
Yes
@@Cecilia-vj6wgthis doesn’t mean sense delete
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Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
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Every single thing Trump does gets this kind of hyper panic from the media. It's been like this for the last 9 years. And yet, he's always 3 steps ahead of all of you people.
😅 I'm impressed with how quickly he got egg prices down!! And he's already ignoring the latest pandemic, tuberculosis.
I thought on "day 1" prices would go down according to mainstream media & fascist it sounds more like Russia "3 day operation " & yet here we are 4 years later🤔
Oh man - Canadians really angry!!!!! Total boycott of all American products already spreading fast.
Awww what are we ever going to do 😹
These democrat media and politicians should step aside for dei hires, it only makes sense.
25 amendment
I think that I will survive without avocados from Mexico.
Can you survive without electricity
Now Trump should normalize economic relations with Russia. Showing NATO countries they are the problem.
That is on my bingo card.
Go to Russia, Igor.
@@apextroll Is that the 'clueless presidential acts' bingo set?
@ Just bet on the opposite that you think. Canada bad, Russia good and friendliness with Mexico.
@@HamptonGuitars If you go with enemies are friends and friends are enemies, you'll do good.
We've been in a trade war for decades now. The only difference is before it was all against us, now we are trying to balance it out.
You are as clueless as the clown you voted for.
US already in pain, time for the partners to share. Especially the bad ones
why Canada, there not the same as Mexico and china . there good people . they want to help USA
Now is the best time to build wealth, if you missed his last term you better not miss this one, if he implements half of the stupid things he once too we might be headed for a depression not recession……load up on cash for reserve so you can buy great companies at amazing prices because when he leaves office the market will really soar after he destroys it once again……if I had to off words of advice I’d probably got with healthcare and financials for the long run and I’d go with consumer staples and tech……buy and hold and watch that compounding interest work for you, if you’re 25 to 35 you’ll be able to retire at 50 if you don’t panic, happy hunting, ignore the noise, and see you at the finish line😂
Here's what really to know: Don't get your heavily biased information from CNBC, which is made even worse (if that is possible) when Joe Kernen is missing from the set.
CNBC 😂
Then definitely don't listen to the idiotic deceptive White House press conferences, or anything trump says, because it's a lie.
Americans have many choices in a capitalistic economy. This gives them power over the corporations unlike in socialistic countries like Canada and Germany.
You have it 180 degrees backwards. In America, the corporations obviously now control the government. Corrupt white house accepting pay to play from corporations.
CNBC calling it a trade war instead of a war against drugs
its not against drugs listen to trump
@@edmcelhone4501 read the executive order
They are correct, this is to punish Canada for not kissing trump's ass. The drug thing was one of the false reasons given.
Lol Da
😅 trump
From one with an Econ background -
While I'm not fan of tariffs, sometimes it's gotta be,
........"If you don't play by our rules, we'll play by yours".
No magic ball here, but I suspect this will shake out well for all involved.
Meaning, markets that are more open.
Pre-Trump,
U.S. goods were tariffed unequally by other countries compared to tariffs imposed by the USA,
or U.S. products de facto closed to select markets via punitive tariffs, and other methods.
Trump actually does need to fix this.
Econ my ass
You didn't study much, the only time the US had aggressive tariffs like this didn't work out so well. Hawley-Smoot was a disaster, these trump tariffs will be a disaster too.
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Why not ask ,Why canada wont simply help secure the border from illegal entry of illegal immigrants n fentanyl ?? Thats the question ,help and NO TARIFFS!
They are already doing everything possible, the fentanyl thing is just typical trump BS because the real reasons can't be said publicly...jealousy and revenge from a senile old fool.
Wars of any kind are expensive... do we need to do this? Justin Trudeau... do your work! Strengthen Canada
bro thinks hes doing something 😭😭 were cooked chat
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Trump rules - we are very lucky to finally have a President who looks out for the average American
I can afford higher food prices. Red America will go deep deeper in the red. I am quite happy.
He's done so well with egg prices, and has successfully allowed a new pandemic to get started, tuberculosis. Also has let bird flu go crazy which is why eggs are so high. Really looking out for us, but only if we are all nazi billionaires.