How the 25% tariffs on Canada and Mexico will impact Americans
HTML-код
- Опубликовано: 8 фев 2025
- President Trump has sparked a potential trade war between the U.S. and it's two closest economic allies - Mexico and Canada - after announcing 25% tariffs on most goods from those two countries. The president also announced a 10 percent tariff on Chinese goods. As CBS' Cristian Benavides reports, the move is likely to raise the price of some goods for Americans.
What I’m worried about is after the price increases, companies wouldn’t reduce prices even if tariffs end because consumers ‘are used to it’. Same thing happened after Covid
Where in the world do you get this price increase from we are a self dependant country... stay liberal they need sheep like you
Convid.
@@Foxtuckywhos the sheep following the leader?. You. Sheep.i mean Jesus Christ you idiots think what? Companies will keep prices low and just eat those tarriff taxes out of the goodness of their hearts??😂😂😂😂bro your cooked. Go lay down.
@@Foxtucky Please cut the act
@@Foxtucky because more food items are imported than you think, yes the companies are american but the labor is outsourced for profit, its a reasonable fear. its not being a sheep.
I'm sick and tired of "temporary short-term disruptions", because they never are short-term.
Any increase in Tariff is always a one way traffic. It is impossible to reduce tariffs in future. So calling it a temporary thing is an utter plain blatant lie. Either way he is exceeding expectations for sure…😂
@@TheKunitari This is possibly the dumbest thing I have read today. Tariffs are raised and lowered all the time.
@@memyself3275 tariffs do, but the 'price-increase' will stay forever because that'll be the new normal price
@@Korlinath another lie from US leader
@@TheKunitari Brother, the tariffs will mean usa becomes more self sufficient, which is better for the future. That is what he is talking about. I dont know if you know this but buying stuff locally is almost always healthier and cheaper. The more stuff we have locally the cheaper it will get. The funds comes from the usa back into the system, which is also better.
This will only hurt the low & middle class consumers, the millionaires and billionaires will be fine.
the low and middle class already can't afford imported goods so no, you are incorrect.
@@cliffart7398 So mkaing things even more expensive for low and middle is better? How does that make any sense? Where did the immediate relief that all of you delusional meat riders' thought was going to happen go?
@cliffart7398
So you're saying that middle and low income is unable to afford cheap Chinese crap that is the mainstay of literally every big box store?
Remember, despite mass marketing, "imported" does not mean "luxury."
@ Are those imported goods in the room with us right now? For example, last I checked, 91% of americans own a smart phone, which are all imported and manufactured abroad.
@@cliffart7398 Low income and middle class blow their money. Time to suck it up and help America get back on track. Your free welfare ride is over!
Im sure the rich will be okay as it hits the poor the hardest
Democrats will always find a way to steal.
Not as hard as the inflation did the last 4yrs. This is nothing compared to that
@@Joshpower57how do you actually know that?? you came from the future?
@@Joshpower57 I'm guessing that's what Newsmax told you, I rely on reality myself. The last administration helped build my state up better than it was my friend. Trump did none of that, he is just for the wealthiest
Tarrifs lower prices FYI
Hey don't worry the billionaires will be just fine
As they were when Joey's energy decision caused all prices to rise. No democrap crying then.
@@lvgk8898 The reason energy prices rose was because of the pandemic, not because of anything Biden did.
@@lvgk8898 NAFTA II was negotiated in Trump 1st term and he has broken that trade agreement.
@@lvgk8898joes energy decision was forced by trumps awful oil and gas decisions to protect the people who fund his campaign
They did great the last 4 years that for sure
I just find it funny that the guy who people said will make things cheaper is making things more expensive
History repeating itself? Whaaaaaat?
TDS much?🤣😂
You people have no idea how tariffs work obviously! Keep drinking the tds kool-aid, there's no educating you!
I’m still laughing at you for how badly you got crushed in the elections. The next four years are going to be absolutely delicious princess. It took four years for tater head to get us here. It’s gonna take a little effort to get us out. 😘😘🤣🤣
@@smashedbyhashish you should search where the wood to build homes comes from
It's just a power move, it's not meant to help anyone with anything.
It's a stupid move that will backfire hard for America. Gj maga morons
Trump already used these tariffs to get Columbia and Mexico
to take back their citizens that violated U.S. laws by illegally
entering the U.S.
I'm happy to trade temporary price increases for deporting law-breakers.
I love Chrono Trigger :)
I think theyre trying to help the Canadian far right, canadians will suffer and blame the liberal party.
Just who the hell are you ???
And so it begins
what begins? You do know that only 4% of all goods sold in the United States come from these 3 countries?
@@diggingmystyle Don't know where that random 4% number came from, but, according to the Census Bureau, over 1 trillion dollars in goods come from those three countries annually.
@unwashedhands2087 only 16% of all goods sold in the United States are imported. Of all the good that are imported, I'd guess only 25% come from those 3 countries based on the 16% from the Chinese. 25% of 16% is 4% of all goods sold in the USA.
@ You "guess"? You can look up how much each of those countries contribute to the total proportion of imports. And your guess is vastly underestimating Canada and Mexico. The UN Comtrade has Mexico at 16% and Canada at 14%. So that 25% you used earlier would be closer to 45%.
@@diggingmystyleThe weight of reality will hit you like a truck when prices increase.
Here's why we should care about tariffs.
- They are blanket tariffs that target all industries rather than ones that can be moved easily to domestic production.
- 30-50% of wood used to build homes is imported from Canada
- Every manufacturing company uses imported parts (especially car manufacturers, Tesla imports the materials to make batteries)
- The US imports produce in the winter
- Tariffed countries will place retaliatory tariffs on US products driving up prices and reducing profit
These will affect you and your family if you voted for this, please consider changing your mind in future elections
What's frightening is that there are voters in the lower and middle classes that are brainwashed and still support everything he's doing to our country. Those people will never stop supporting him. No matter how much they have to pay for a dozen eggs.
You forgot to list all the positives of the tariffs. Make sure you do some homework now so you aren't biased.
@reitairue2073 I find it funny how you didn't list any positives either
For those of you who want positives, tariffs on some specific products help mitigate the problem when foreign governments subsidize production costs of a particular item in their country. That subsidy helps them sell the product in the US below the cost to make the same product in the US. By putting a tariff on the product, the cost to purchase it can be brought up to match what it costs to make here, and prevent the foreign company/government from harming US industry.
@@reitairue2073 like what?
Instead of lowering prices like he promised, hes raising them 💀📈
@@Weah702 💀 ☠️ 🏴☠️
He stated before getting in office he was going to enact tariffs, I still don’t understand why people keep trusting politicians when they keep lying 🤥.
if you dont like it leave to canada /mexico bye bye.....MAGA
@@shannondail3878Lmao cope harder trying to convince yourself that he's working for you. You'll be crying when you can't afford anything 😂 Dumbpublicans are something else
@@shannondail3878What a strange thing to say
Are we winning guys? Is this going to lower the price of groceries or did the USA vote for a con man who we warned them about
he's only been in office for a week and a half. Relax
@@diggingmystyle We all can see what's over the horizon man. You're pretty much just coping at this point.
Was never about prices, they want to rule.
@multi-milliondollarmike5127 coping? I love the fact that law and order is getting restored because our business was ruined by lawlessness under Biden's term. You think a little higher price is worse than losing a business?
@@multi-milliondollarmike5127 cry some more cupcake
People open your eyes !!!consumers are who will pay the 25% tariffs no matter what 🙄
Key word. #consumers
not really. US consumers will just stop buying imported goods they can't afford. this will not hurt consumers as much as it will hurt foreign companies. Easy fix, make those countries secure their borders with the US. All you whiners are more worried about have to pay an extra nickel for your cheap goods than the millions of Americans harmed and killed by drugs that are crossing those borders. sad.
This part!!!!
Only if you purchase foreign sourced goods.
Canada, Mexico, and China have promised to impose tariffs on US goods.
You should explain to them that tariffs don't work.
Canada and Mexico have already been charging 25 to 300% tariffs on American products for years, But now that the US will be doing the same thing in return. People are acting like this sky is falling down. GO BACK TO BED
Why someone trusts a 6 time bankrupt guy on anything economy related is mind boggling.
You forgot the 500+ successes.
Well, he never had a personal bankruptcy like Abraham Lincoln
Hilary called them the deplorables.
@@beverleyreid563she wasn't wrong. They're uneducated too. And religious.
@@beverleyreid563 well I’ll take that when you admit she was right about calling Black people super predators, but you won’t admit that.
To all the farmers that voted for Trump, don't expect government subsidies now that you won't be selling your crop to China and Canada.
They already add tariffs on our products like dairy and poultry so this is nothing new for the US farmer. Trump is trying to correct trade imbalance between these countries and the US. What's wrong with that?
Nobody imports our foods for the most part.
News tip: Well just switch to growing corn for ethanol. Pays much better anyway.
Why are you people so unAmerican?
@@memyself3275keep riding trump 😂 you gonna be begging for a piece of corn from Mexico
“Some men just want to watch the world burn” - Alfred
Bruh I was just watching that movie yesterday 😂😂😂
@eriknation8409 Congratulations. Do you want priced up Chips Ahoy or sum?
hurr durr its like movie
@@sveltertoe9221 The last 10 years is full of "Metal Gear Solid nailed it" moments. These guys are human bots. Capable of one liners that they stole from someone else. Just ignore and move on.
President Trump said tariffs on Canada, Mexico will make us richer.
Dear Mr President, please tell all Americans who will get richer under your tariffs
I’m sure not average Americans who living on paychecks to paychecks will get richer but I’m sure your billionaire friends will become super richer
Stay Tuned ……
The temporary pain of the Trump tariffs is nothing compared to the terminal pain of doing nothing and continuing on the path to destruction that we have been put on. The path we are on will lead us to the end of our Nation...You want that. You have no idea how bad it will be when America fails. You will have to move to Mexico for a better life
@@jimcombatvet8122huh tin foil hat alert
@@jimcombatvet8122 Magats aren't very smart are they?
@@jimcombatvet8122 ok Mr.brainwashed.
The end of the middle class as we know it.
So dramatic. People said the same things in his first term. Though my taxes went down thousands of dollars a year, and inflation was under 1% a year. I don't think you realize how little these tariffs will hurt Americans. And in the long run this will force companies back into America and out of Canada and Mexico.
Maybe in mexico or canada
@@Charlie-o5tdid you forget the 70s? Or 2006-2008?
@@Charlie-o5tb s. he inherited a economy that had 70plus months of job growth from the previous administration !!! .he only gave a tax cut to the wealthy 2017.lied about a election he won 2016popular vote and one he lost 2020..or coddling racist nefarious organisms charlottesville and jan 6th...stop lying!!mendacious trump does enough!!!🤨!
@@Charlie-o5tare you serious? In theory, tariffs exist to promote domestic producers. But what do we produce in the US that US consumers purchase? We don’t have industrial capacity anymore. We shifted from isolationism to free trade and that is what brought everything we can buy in the last 100 years. But tariffs will only serve to decrease our access to goods while our production capacity would increase to replace those expensive goods in favor of cheaper goods in the US. But who will work to make, in theory, cheaper goods? And who is to say that goods produced in the US will actually be cheaper? Businesses will do this by using cheap quality material, reducing or limiting hourly wages to reduce costs, which in turn decreases buyer spending power. It seems you fail to grasp the high impact tariffs make on the economy. Please do your research and educate yourself.
lol, short term? prices never come back down. Nothing short term about it
Ahh u sad
Yes, yes they do
@@ExtraCheese666giving money to billionaires is such a dumb thing to be proud of
@@waffles824 Awwww Mr. Waffles syrup go up in price a tiny bit. My deepest condolences. 🌹
@@ExtraCheese666 again paying more for the same thing for no reason but to make rich people richer is a dumb thing to be proud of.
its amazing how literally one econ class teaches you import tarriffs cause inflation and he just sits there and says they dont
whered he say it
@@robfox6103DC
@@robfox6103 0:43 in the video thats where he said it. are you really gonna sit here and deny reality???
@@robfox6103 oof. I'm sorry sir, but you have a bad case of peasant brain :/
MAGA is so disillusioned, they click on this video and instead of listening to the legitimate words of Trump, who quite clearly says ‘Tariffs don’t cause inflation’ - which is absolutely utterly false as they quite in fact DO cause inflation (and worse yet, where a full on trade war could dramatically devalue the US Dollar causing widespread financial implications far beyond simply imported goods), they ignore facts and Trump’s own literal words, for instead, forgone conclusions based on fragile egos, false narratives, and feeble minds. It’s scary…
Tariffs mean you'll pay the price.
The companies importing the products will make them more expensive to the customers to compensate the tariffs they will pay... In the end YOU will pay.
Don’t buy it 😉 that’s how it works…buy USA made
That is true, and according to trump last week, he is going to lower income taxes which will mitigate that increase.
What none of you democrat idiots seem to understand is that if prices on an import go up, americans find an alternative. A cheaper alternative. Then the exporter gets NOTHING
Stop buying imports and make them in the USA. China has moved factories from Asia to Mexico so they were getting in tax free while profits sent to China. America has 4 years to rebuild its manufacturing sector.
Who’s going to pay over priced numbers for lumber, cars, spirits? Most Americans buy used cars, the only ones buying brand new Canadian or Mexican cars are RICH people. I thought you guys hated them anyway?
Did everybody forget that tariffs are a big part of what caused the Great Depression
People don't like to read about and learn from history. We are a nation of lobotomites that have reverted to basic tribalism.
Trump supporters dont have a brain of their own so of course they dont know that
This isn't the 30's lol
Wrong! What caused the Great Depression was a number of things, including deficit spending for World War I, printing too much money after the war ended, and reckless banking practices, among many other things.
The U.S. had one of the highest tariff rates in the world between 1816 and 1945, ending only AFTER the end of the Second World War. President Roosevelt could have ended those tariffs at anytime during his three terms, from 1933 to 1945, but he did not, in spite of the Great Depression and a second World War.
Hmm.
Here's a little trivia regarding tariffs and the economy: From 1846 to 1861, American tariffs were lowered but this was followed by a series of recessions and the 1857 panic, which eventually led to higher demands for tariffs.
Oops!
Wrong, the GD was caused by the overvaluation of stocks in the market, the printing of money without anything to back up the printed paper, and the overall collapse of economies around the world led to the GD. If what you are referring to is the Smoot-Hawkley Tariff that was very minuscule compared to all other factors.
Very smart to antagonize two of our biggest trade partners who we import most of our produce from. Very smart.
Lmao... It's extremely smart to have open borders and to support cartels! Record overdoses and human trafficking. You Americans should be SO proud!
Produce had nothing to do with this. Cars, lumber, and spirits. That’s not produce.
Sheep
@@Amused_Comfort_Inc A lot of produce comes from Mexico. Produce absolutely is a part of this.
He’s still a billionaire! This will drive businesses back to America. We did it in the 80s’. Worked with Toyota plants being built across the country. Read an Econ book or open a business yourself to the tune of billions. Then you can have a seat at the table. Hahahaha
Prices will go up and not come down!
Why will the prices go up, and for what specifically?
@@tonysplace9255prices are expected to go up because tariffs are paid by the importer. If the importer doesn't pass the cost of to the consumer then it will eat into their profits.
Edit: considering that 40% of our imported goods come from Mexico, Canada, and China prices it would be a long list that includes things such as natural gas, automotive parts, vehicles, electricity, agricultural goods, alcohol etc...
If you said the opposite of that... yes!
@@tonysplace9255 absolute peasant mentality
Potato head Canada and Mexico have already been charging 25 to 300% tariffs on American products for years, But now that the US will be doing the same thing in return. People are acting like this sky is falling down. GO BACK TO BED
Prices are always passed on to the consumer.
Enjoy the higher prices. You voted for it
Thanks Trump and his MAGA cult!
You do understand Canada and Mexico have already been charging 25 to 300% tariffs on American products for years,it’s only now that the US will be doing the same thing in return. Ur acting like this sky is falling down. GO BACK TO BED
@@HowlingWo1f no they haven’t. And you’re still going to pay higher prices because you people don’t know a bad idea from a good one
I believe his attack on Canada is purely personal. A few wise cracks were made about him not being able to enter the country because he was a convicted felon after his trial. There is no rational reason for tariffs on Canadian goods.
It's personal, but not because of Trump's fragile ego. Well, not entirely I guess, it makes sense. But he wants cause to invade Canada and Mexico. It's why he wants Greenland so badly. That way the US can surround Canada and invade.
Donny boy is very thinned skin.
Everything about trump is personal why y'all think he's doing what's he's been doing 😅
He’s still a billionaire! This will drive businesses back to America. We did it in the 80s’. Worked with Toyota plants being built across the country. Read an Econ book or open a business yourself to the tune of billions. Then you can have a seat at the table. Hahahaha
@@ChampionsStorys You should really look into his business history. He bankrupted three casinos. Not one, not two, but three casinos. He's filed bankruptcy 6 times. He did not start his business for scratch. He took over his father's busines inches eighties which would've been worth billions today. He's a nepo baby reality TV star. Hope you live him when your paying $6/gal for gas in March because of his moronic tariffs. You should actually google who pays for tariffs. It's really straight forward and spoiler alert, it's you and me. Do the search, it will take less than a minute.
The rich will get richer and the poor, poorer. History doing its thing, gotta love it
Right, just like normal. Idk why everyone is freaking out about it lol.
So much for lowering grocery prices. He is blatantly and knowingly raising the cost of goods within two weeks of being in office. He said he would do this and y’all voted for this nut job!!!
He's making that weath gap wider.
You understand this would only affect rich people right? I don’t know a single low income family buying a new car 60-150k from Canada or Mexico.
@@Amused_Comfort_Inc Americans do buy fruits and vegetables, seafood, and other things from Canada and Mexico. Cars won't be the only thing going up.
@@Amused_Comfort_Inc This will obviously not affect just cars.
@@Amused_Comfort_Incyou realize tariffs are on all materials that make up a car like steel, right? And that most of those materials are imported to the US, right? And that those materials include everyday produce that everyday Americans consume, right?
@@Amused_Comfort_Inc what about small mexican businesses in US like small restaurants
Peiple who are already struggling to feed their kids ARE NOT UNDERSTANDING!!!
Noone ever accused Americans of being intelligent
What exactly are they not understanding?
@@424stormygirl what Trump is doing to make life better in America in future. Yes short term it hurts. But long term it will make life better. It’s not the easy way. I do wish he had waited. Give other countries say 2 months to change. Then use this big stick. But his first term he gave plenty of time, media beat him up about delays, then misrepresented what he did, ignored positive results. Americans have shorter attention spans, ability to connect things than 7 yr olds. My personal feeling? It’s too big a stick for too small a thing. I would give at least two months for other countries to show improvement. Keep adding little things, long as positive changes. It’s on hold. But Trump has better info. We have to trust he knows what he is doing. I guess after the weakness of Biden. It’s required.
Simple buy US made or buy import goods with tariffs 😉
@@424stormygirl Watch what happens over the next few days and weeks and try and learn what the word "consequences' means.
This is who America voted for.🤷🏾♂️😂
Yep.
He’s still a billionaire! This will drive businesses back to America. We did it in the 80s’. Worked with Toyota plants being built across the country. Read an Econ book or open a business yourself to the tune of billions. Then you can have a seat at the table. Hahahaha
Lol
Damn right and I'd do it again too. Tariffs are a small price to pay to own the libs and deny Cackling Kamala a seat at the table
@@ChampionsStorysnice copy paste. you still don’t know what you’re talking about
The temporary short term disruption should come out of his pockets personally and directly to the consumers that will be effected.
Temporary? Simply foolish to believe that.
I can’t believe he said that, how is that ok???
Give some of that bill to Musk too.
They charge the US tariffs… while we charge them nothing… why should we be the only people that pay. People pick up a book and learn how the system works instead of just parroting what the media tells you
Trump spends his own money?
This is a list of all the foods we import from Mexico and Canada en masse (valued at 100 million annually or more) per the USDA, in case you thought this was about to make groceries cheaper:
tomatoes, avocados, fresh peppers (all of them), strawberries, blackberries, blueberries, cranberries, cucumbers, lemons, limes, broccoli, cauliflower, watermelon, mangos, guava, asparagus, onions, shallots, lettuce, cabbage, potatoes, mushrooms, spinach, bovine cuts, swine cuts, neutral cooking oils, lobster, crabs, fish, wheat, barley, oats, maize and maple syrup/sugar.
It would make sense to me if he is trying to protect domesticated industries, looking at this whole list of critical goods, otherwise the reason behind this is usually only known by the protagonist
It's fine, we've got all these processing plants in the USA to make overly processed, cheap unhealthy foods to make Americans more sick and more obese. Who needs fresh produce?!
😮💨
@@MirriamMobaHe doesn't care how much people pay for produce, dairy, and meat. All of these tariffs will impact the middle and lower classes not the wealthy. Producing those things here will drive up the prices just as much if not more because companies will have to actually pay livable wages and medical benefits. Do you think they're willing to do that?
Forget just imported food. American food need fertilizer. Specially potash fertilizer.
America does not have a viable supply of potash. Canada is flush with potash. One Canadian province can produce in a year more than all of the US potential supply.
What happens when that is taxed 20 percent plus Canadians find new markets to sell it (like every other country in the world). Food prices will skyrocket.
There three other sources for potash. China Russia and Belarus
Dont forget, Trumpets, you voted for this. You can soak all the price increases in with the rest of us 🤣
Why is Trump being " NICE" to China with only a 10% tariff but a 25% to Canada and Mexico??? SUSPICIOUS!
Because China already has a lot of tariffs and the US import too many goods from china
Because he manufactures in China everything he sells his base. The MAGA hats and all other merchandise that is making him and his billionaire friends millions of dollars.
And the MAGA people keep buying his stuff. 😂🤣🤣🤣🤣
If u add up the tariffs China will be at 40 percent after this, they already had tariffs on them in place from Biden and Trump.
@lindajackson2382 Oh, the drama! Mexico and Canada are being hit harder because they wont help secure the borders and we don't share a border with chy-na. I'm behind Trump 100% on this.
@@whatshouldinamemyself481 pretty straightforward lol
Anyone that supports these tariffs is either very in love with Trump Hitler or just has no idea how tariffs work. Get ready for very high prices. No doubt.
I can’t wait to pay these tariffs, so Trump can lower the taxes for billionaires! I love to support billionaires. I’m absolutely okay to live in my car. Main thing, I pay for billionaires! Go Jesus King Trump! ✊🏼
If you’re not buying lumber, spirits, or cars from Canada or Mexico then STFU cause this literally doesn’t effect you, it effects rich people 🤷♀️
Good for you!!! Under Joey you couldn't afford gas for the car!!
Jesus would totally vote for trump 🤪😜
Glad you came to your senses
He’s still a billionaire! This will drive businesses back to America. We did it in the 80s’. Worked with Toyota plants being built across the country. Read an Econ book or open a business yourself to the tune of billions. Then you can have a seat at the table. Hahahaha
I don't see how republicans aren't freaking out about this. We all have to buy gas and groceries.
Because there are two kinds of republican: The redhats, the laymen, who are too uneducated to think for themselves and gobble down right wing media like locusts. Then the oligarcha, the politicians, the lawmakers. They will become richer than they already are from this scuttling of the country; they need not fear the price increases because they are so wealthy that it will not impact them.
It's a deeply engrained team sports mentality
MAGA are completely bought into that "Trump can do no wrong, he's always right" Who knows what RINOs are thinking, if they aren't bought into what Trump is selling.
You didn't freak out when your guys made prices double. Don't start now
@rockygillman6404 what " you guys " made prices double? Biden cut inflation from 6.0 to 2.8. Trump doubled it from Obama. 9 to 2.3
Trump is showing how little this country or its’ people mean to him. If you can’t fatten his wallet, you’re nothing.
What?
Nice rhetoric there... next time say something that YOUR brain came up with instead of being a parrot.
@@hidesertroamer those billionaires are sick people how much money do they need
Trump doesn’t even try to make life easier for Americans. Instead, he does the opposite of what he campaigned on.
"People will understand that." HOW???? When they can't PAY FOR THINGS???? LOL
You do understand Canada and Mexico have already been charging 25 to 300% tariffs on American products for years,it’s only now that the US will be doing the same thing in return. Ur acting like this sky is falling down. GO BACK TO BED
@@HowlingWo1f Okay, and? Now the tariffs are higher, further reducing the chance that those foreign companies will buy from Americans. This is being done in response to Trump imposing his own tariffs, which even economists in support of him agree will cause prices to rise as the American companies who have to pay them will just pass the cost increase onto the consumer.
@@K_Zimm Economists unanimously agree his plan would end in disaster and MAGA said “So what?” 🤦♂️
@@Ronnie.Raymond You do realize most of MAGA is well off white people right? The ones who work all day everyday and so they are good to go? The ones who make our country function. The welfare and minimum wage people are disregarded as that's how they felt under Biden. I'm in the middle, just passing along the message.
Prices will go up for everything because we import a lot of oil from Canada, and when transportation costs go up, everything goes up. You voted for this. Frankly, I’m already tired of all the winning.
Stop pretending you even know the first thing about economics. Frankly you don't really know anything about how money works.
And Maine produces a ton of rapeseed. We can also move away from rapeseed and use more soy blends. Both are bad and economical and United States is the second largest producer.
Why do you hate America? Why do you like to see other countries like Canada benefit off us while providing almost nothing for us. We produce more steel and iron than Canada so why do we need to import it. Oh we don't, we only do it to benefit Canada.
If you hate America and Americans so much just leave. You're allowed to. Go.
Drill baby drill !!!
I am so with you! But, hey ignorant voters drag the economy down.
Potato head Canada and Mexico have already been charging 25 to 300% tariffs on American products for years, But now that the US will be doing the same thing in return. People are acting like this sky is falling down. GO BACK TO BED
So this will help people afford rent & groceries.... How?
In combination with the deportations, a reduction in demand.
You do understand Canada and Mexico have already been charging 25 to 300% tariffs on American products for years,it’s only now that the US will be doing the same thing in return. Ur acting like this sky is falling down. GO BACK TO BED
@@HowlingWo1f Total BS just like almost everything 47 says.
25% tax on Americans cuz that's who's gonna end up paying for this... gj gop.i thought you were against taxes.
Welcome to trumps America.
You do understand Canada and Mexico have already been charging 25 to 300% tariffs on American products for years,it’s only now that the US will be doing the same thing in return. Ur acting like this sky is falling down. GO BACK TO BED
The MAGA folks celebrating while going bankrupt and having to get ANOTHER job to survive 😂
It's like the dog on fire meme
MAGA could always pick crops.
How the 25% Tariff on Mexico and Canada will impact Americans: they’ll pay 25% more for goods and will still pay a higher price long term even if the Tariffs are lifted because companies view that price uncertainty as an opening for profit.
We got an international trade expert here. Or, crazy thought, people will buy more locally from home grown because it's cheaper and better for you?
@@Joshpower57exactly! ❤❤
@@Joshpower57 In simple economic terms, the demand for domestic produce goes up as demand increases for local goods so local suppliers increase their prices.
@@Joshpower57 you live in a land of delusional thinking
@ I see you think you are one yourself. And no, I’m not. But I I listen to them and take to heart what they have to say rather than just blindly believing a politician or a single news source.
It isn’t and won’t be cheaper. Because we have some of the best protections and much higher paid workers (Canada is close, but still cheaper because they allow in a larger immigrant work force to supplement their need and those are usually willing to work for a lower wage on simple tasks like factory work). Why do you think American made has been so much more expensive? Usually 2-4x more. You think it is suddenly going to become cheaper?
No. We’re just going to increase our expenditure on goods by at least another 25% in an already over inflated and unstable economy.
Please. Do yourself a favor. Go google it. Don’t use AI consolidation. And don’t put in “trump raises Tariffs” to avoid all the political stuff. Just look up “what effect does raising Tariffs have on the common citizen” or a derivative there of.
Increased unemployment, increased drug use, increased crime rate, more homelessness, more corruption. Yay trump!
Funny as you are clearly referring to Walz and Biden. Or did you drink through the last 4 years?
Trump is so dumb. I didn't want Kamala to win either but it seem disaster is unavoidable.
25% you'll pay from your pocket.
Good thing I saved up for this.
nothing we really need is made in mexico or canada
@@bikeman1x11 yep, you will stay whiteout pants then.
@@bikeman1x11you slow asf, mexico and canada are top traders.
You idiots don’t realize how tariffs work lol.
The tariff will impact American consumers with an additional 25% on everything from those countries that we purchase. It is not a "tax" on said countries just products from those countries which we will pay to Trump.
And he’s only a few weeks in. Just wait to see the dumpster fire 🔥 at the end of 4 years. We will not even recognize this country. We did this, we elected this guy. We the people indeed
Smart move. Raising taxes on import to lower taxes for the rich.
Why tax anyone?
Makes way more sense than "bEcAuSe FeNtAnYl".
yup tredeu thought it was a good idea too.
@@smokingcrab2290ask the left they say more government is good for us😂
is this some new standard, where everyone who doesn't know anything sais tarriffs and taxes only benefit the rich? tarriffs in this case are aimed to bring business back to our country and to try and push our own industry from abandoning our own country.
I just won't buy anything that i cannot afford . If the prices increase , you surely will not get any of my money . Or anyone elses is my bet . And we warned all of you idiots that voted for him .
And the idiots will continue to double-down and blame anyone but Trump.
Same. Only buying necessities. The prices are about to skyrocket
Just remember, a week after the election Trump claimed that this is HIS economy now.
Eggs jumping up 50% in cost in the last 2 weeks is Trump's economy. Food starting to increase again after years of stagnating at high costs (starting in 2020 under Trump) is Trump's economy. We're all paying more and more because of Trump's economy.
Shove that in every MAGA's face whenever they try to claim success from a pile of ashes.
@@JulzArrived1978 riiiiggght, it's _everyone else_ that's the idiots.
Absolutely hilarious
A dozen eggs are almost $18 where I live. Everything has gotten outrageous.
I'm just worried that billionaires will worry that the poor folks may still be able to eat !
Hey MAGA now that Trump is in office. How those hi grocery prices treating you. FYI - A Tariff is a TAX on the consumer. Courtesy of Trump policies. Enjoy!
All taxes are a tax on consumers, owners and employees. The problem in Mexico, Canada and the US is extremely large government.
Shopped yesterday. Not any difference
I just left the grocery store didn’t see any difference, but whatever dreamer still crying
🤦♂
Biden destroyed grocery prices you idiot
Who voted for this clown for another 4 years must feel dumb now.
they don't. They're literally too dumb to be aware of how dumb they are. That's kinda the problem with dumb people :/
I'm proud to say I didn't.
Diesel priced jumped 35 cents a gallon overnight in most of the county. 65% of gas American's use is made from Canadian oil. Republicans caused all this chaos, inflation is soaring.
WHERE ARE YOU GETTING THESE BS NUMBERS ,OUT OF YOUR #SS ?
If their not even in place yet then that has nothing to do with this, companies are just trying to charge you more imao.
@@siam5956 His tariffs aren't in place yet, that doesn't mean the retaliatory tariffs aren't happening already.
@@siam5956 That would be "they're" not there, and republicans are the ones who don't want oversight or regulation on corporations, so why are you bitching about inflation, you voted for it. Gas and groceries and most everything else has risen 10%-20% since election day on speculation about Trump's tariffs.
Americans will soon realize they can’t eat bombs and fighter jets 😂
I get what your saying, but, the scary part is, when things get bad the leadership often finds use for those items somewhere in the world.
Im just here to see how the maga crowd spins this as genius
Congress needs to wake up and stop this madness.
Nothing can be worse than the last four years of “record high gdp, and record low unemployment “
Yeah, they kept saying that, the public didn't believe you guys. I'm just glad folks like you aren't learning to hear the common man. It helps us in he end. Thanks man, keep it up.
It never ceases to amaze me how profoundly stupid Trump is.
They best way to make the rich richer and the poor poorest, this is going to be a disaster 😢
He’s still a billionaire! This will drive businesses back to America. We did it in the 80s’. Worked with Toyota plants being built across the country. Read an Econ book or open a business yourself to the tune of billions. Then you can have a seat at the table. Hahahaha
That's just the world, it doesn't matter who you elect, Biden and Trump both led to that in their terms, taxes don't work cause rich find loopholes out of them and companies push the taxes to consumers.
@@ChampionsStoryscommenting this under every comment critiquing trump isn't gonna suddenly make people agree with you dude. good luck trying to delude yourself with this crap
@@ChampionsStorys He's a billionaire because he's gifted in conning gullible rubes out of money...people like you. People who think something that worked forty years ago would work today. The factories are not coming back, they'll just go overseas. Your worship of billionaires is grossly disturbing.
Well quick question... if us imposing 25% tariffs is so incredibly, horribly bad for us.. then why are they instituting retaliatory tariffs? Because by their own logic they're just hurting their own citizens to... teach us a lesson?
NO, because they hate us. We are the only thing keeping them from you. The US population is an unregulated militia, if you think about it.
Thats actually a good point, I think
You are thinking about this logically, you need to think about this impulsively like somebody ripped your phone out of your hands and is looking through it.
Tariffs aren't a bad thing. It's how Trump is trying to use them that's bad. He thinks that foreign companies will pay them, when they don't, and insists that it wont effect prices, which they will. The US imports damn near everything from foreign countries. Mexico and Canada, however, don't import most things from the US. Prices will raise on the items effected, but not everything. It'll be a lot easier to find non-US items in Canada than non-Chinese/Mexican/Canadian items in the US. And in the case of Canada, there has already been an outcry to boycott American products so in theory, the price increase to those wont even matter to them if people really aren't buying.
U kno what's crazy we have a country that can literally make and grow anything but we rather buy from someone else
Anything? Rubber?
@patrickbertlein4626
Most rubber used today is considered a synthetic material, meaning it is manufactured in a lab using chemicals derived from petroleum, as the majority of rubber products are made from synthetic rubber rather than natural rubber.
Yes, rubber.
Because it's cheaper to import a lot of things? We can mine our own iron, but we don't make much of our own iron ore anymore because the U.S. Cares about the safety of our workers. So it's more expensive to mine it here than it is to buy it from a country that does not mind a few deaths per hundred tons.
So if we don't import we have two options, the price of all iron based goods goes up 40 or 50% or we reduce safety regulations to the point where American mine collapses and worker deaths are just a daily fact of life.
@@GreigerBDragon yeah I think there are a lot of factors but I think the biggest issue here is the general stupidity in thinking 'Murica is such an amazing place we could be self-sufficient. Hey, maybe we could build the wall around the whole country sky high?! Its just an absurd idea to even think we are an island, or that damn special.
“What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us in time of war.”
- Henry George
2:35 and that's what you call an excuse.
Trump supporters who are working class are going to find themselves in the 'find out' part really soon sadly. And even more sadly, that won't shake their support for the Leopards Eating My Face party.
You're miserable, and you want company. Same ol same Ole.
Seems like a policy being put in place with no afterthought or forethought. Its going to be hard to get back on track after this. Prices wont recover but skyrocket. Company's will get use to high prices and keep it there. Goods will get smaller again.
No, Trump did put forethought into this. Said forethought was that he's a total genius and all the economists saying otherwise don't know what he's talking about and are jealous they didn't think of it sooner.
Billionaires won't feel it
Mexico- China- Canada should unite!!!
🤝
Canada and Mexico should both join BRICS to protect themselves away from American!
They will have to now.
Leave
Yeah and you should move there ;)
No rush, this list is going to be even longer. MAFGA.
Trump should Google Herbert Hoover and see how successful tariffs and trade wars actually are. He is a complete and utter train wreck.
And his supporters will never call him out on anything!! I saw someone in the comments say that they will never question Trump and will continue to support him no matter what. That’s downright scary. That’s a big part of how dictators are created. Just like the Kim family on North Korea. Smh
20 kilo's of fentanyl was seized at the Canadian border, in total, and the couriers were American citizens. How is Canada responsible for that?
They don't care about reality. It's time people realize that.
Mexico is a huge source of produce during the winters in the US. By placing such high tariffs produce prices are going to go through the roof! How does he not understand that!
You do understand Canada and Mexico have already been charging 25 to 300% tariffs on American products for years,it’s only now that the US will be doing the same thing in return. Ur acting like this sky is falling down. GO BACK TO BED
Canada will miss the 400 million ayear in oil we buy....We need to be self sufficient again
All America needs to do is build the infrastructure to find it, get it out of the ground, refine it, and ship it around US. Easy peasy. A year or two at most.
Then there is electrical power the US imports from Ontario and Quebec. For *true* energy independence, forget fossil fuels and go nuclear. Canada builds some of the best nuclear reactors in the world, and we'd be happy to sell you some.
The poor aren’t poor enough and the rich aren’t rich enough for Trump.
I get what he’s trying to do with consumer not buying Mexican and Chinese products because of their high prices but American products will use the same excuse to raise their prices to match imported goods.
Taiwan,Thailand, Japan are not in the list
You really don't understand, do you ?
It's not just the products it's the supplies that American companies use to make their goods
Try patience....."the art of the deal" as these crap thieving countries have way more to lose than Americans do. Educate thyself.
So let me understand this. The man who has billions and doesn’t care about grocery store items, home and bathroom items, and other needs are making it harder for every class of citizen to obtain these needs? How is everyone shocked?
Gas prices already started to go up in arizona this weekend ... 25 cents up in 4 days ...pay attention people, you were scammed again 🤦🏻♂️🤦🏻♂️🤦🏻♂️
They worship at the altar of Trump, he can do no wrong.
I wish the tariffs could only apply to those who voted for this bozo
70% of our Crude comes from Canada. This will have a major impact on the economy.
U forgot we’re drillin. DRILL BABY!! DRILLLLLLL!!!!
@@ExtraCheese666 will never make up the difference. MAGA cultists are too stupid to live at this point.
Welp we’re cooked.
You do understand Canada and Mexico have already been charging 25 to 300% tariffs on American products for years,it’s only now that the US will be doing the same thing in return. Ur acting like this sky is falling down. GO BACK TO BED
@ I wish I had an ounce of patience like you do to type up a paragraph just for the other person to not read it.
@ On second thought I actually read what you typed and still didn’t care what you thought you knew. 🤣 I can’t take you seriously with so many typos my guy.
How we as a nation didnt learn our lesson on Trump after Jan 6th will puzzle historians and political scientists for generations
Say hello to higher prices, all you maroons that voted for Trump.
How much is your health care premiums, your home insurance premiums now versus a decade ago. On Google, type calculator and start doing math
sad that even those that didn’t f*ck around are finding out…i hate being right sometimes. surrounded by idiots that hav to learn everything the hard way. i guess america was at its greatest when we were at our stupidest. round of applause…this is why i hate group projects!
America has traditionally voted for people based upon accomplishment and a sense of intelligence.
Not now!
America voted for a television performer for two terms
and his ability to make people laugh seems to be the reason they voted for him.
America, you deserve all the trouble you will get in the next four years!!!
to be fair we also voted for an actor for two terms which also resulted in disastrous results
@@eviloreo5439 Reagan was a good president: not perfect!
Did you hear that trump voters. Tariffs don’t cause disruptions, they cause success😂😂😂
Oopsy. Red Hats fell for that "I will not raise taxes"
Again.😂😂😂😂
PAY BABY PAY.
These tariffs are going to cost more than $800 a year. They need to check their figures again.
you should probably add the "per person" part.
Otherwise it looks rather cheap at only 800 bones😂
@idontwantahandlethough The report said 800 per household per year. Not per person.
You do understand Canada and Mexico have already been charging 25 to 300% tariffs on American products for years,it’s only now that the US will be doing the same thing in return. Ur acting like this sky is falling down. GO BACK TO BED
@HowlingWo1f You do realize trump isn't doing this for us. He's doing this to us. It's time for you to wake up and realize trump doesn't care about you. Unless you're wealthy. Considering you're replying to me. I'm going to say you're not.
I don't have $800 just lying around. Must be nice to be about to think it's only $800.
Don't let DJChump fool you. The consumer ends up paying for the import tariffs... ALWAYS.
Why is China's tariff is so low 😉 if you know you know
So that corporate a'holes like Tim Cook (Apple) can continue manufacturing products in Asia for cheap and sell them at ludicrous profit margins. Thus enriching himself and his corporate friends, whilst fueling the manufacturing industries in other countries and propping up their economies instead of the USA. I'm Canadian, but I think that Apple products should be made in the USA and employ American citizens.
It’s an additional 10 percent on the already 15 percent their being charged pretty sure…
Because that's where Trump bye's his merchandise that he sales! Can't have those Trump 👕 🧢 to expensive!
Fun fact: Canada already has a 270% tariff on U.S. dairy.
Your point?
They have no point. Fake news
You got the facts wrong, Trumper. Try again and provide proof or stfu.
Although those who voted for Trump, hopefully will get exactly what they voted for.
President Trump!, say Tariffs Baackfire!....don't mess with Canada
None of the MsM will acknowledge that goods are already so far overpriced most people cant afford basic things like groceries
And so you voted for tariffs in response? 😂
Hold up mexico got a female president before the us? Lol dang
Tariffs equal taxes on the working class who is the winner? the government to pay its debts USA is the most indebted country.
Imagine studying economics at Wharton and not understanding tariffs.. mental lightweight?
It's why he threatened to sue if his GPA leaked.
Looks like I’m downgrading from middle class to poor. 😅
Wait, wait, 10% on China but 25% on Canada and Mexico?! Wtf why.
because we actually need stuff from china unlike mexico and canada
Because Previous idiots leading our country allowed for all our resources and manufacturing to be exported to China, this is a way to try to save that and guarantee of future for our children
He’s a narcissist don’t care about poor is all about proud and power wants to see everyone down him