This is going to have hilariously predictable consequences.
Prices will fall for things we produce & prices will climb for things we don't. When Trump had a much smaller trade war in 2018 the price of corn fell by 20% over 2 months because countervailing tarrifs and it wasn't until Rona that they recovered.
Futures started pricing this in on Friday (all grains were down, meat was up) but Monday is going to be fun. Anyone who owns a farm in the US and isn't a corp who can hedge this is fricked.
First consumer price to see movement is going to be onions as they don't have a futures market. Anything that's harvest to supermarket in days-weeks will be next, anything that gets sprayed with water/is refrigerated.
We are also going to see next week if congress are going to hide in the corner while their authority is being usurped or not. POTUS doesn't have authority to do tarrifs like this absent a declaration of war.
Edit: Canada have already announced countervailing tarrifs. https://globalnews.ca/news/10992959/donald-trump-tariffs-canada-feb-1/ waiting for the schedule and hoping they are troll enough to stick 100% on Teslas for the lulz.
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Crashing the economy to own the libs
Although I doubt most americans will notice vegetable prices increasing
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Probably be good for US economy. We areless reliany on Mexico than they are on us. Same with Canada.
Notice how Chinese tariffs didn't cause any issues for US economy, despite us being more reliant on them for a whole industry (manufacturing).
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This is why tariffs are sometimes useful as leverage: the pain you inflict can be greater on the other country than on yourself. But, you're still inflicting pain on yourself, and that pain needs to be a means, not an end. Trump seems to have forgotten that last part. !neolibs
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Good results require clear demands.
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Yeah, this is one of the things I dislike most heavily about MAGA, the satisfaction of "frick you" is often considered a worthy end in and of itself, even if it's delivered in a context that clearly plays out to your disadvantage by any other measure.
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leafs and tacos suffering is the end
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Anyone who believes this should be disenfranchised.
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This is just like when Milei ending all the government gibouts was going to destroy their country
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It will be good for world economy if it sticks tho. NAFTA led to a lot of inefficient industrial buildup in Mexico and Canada, those jobs should be distributed among the Asiatics who can work and now compete at same tariff rates.
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The entire point of the world economy is to sell slop to americas rich middle class lmao
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American elites spent 80 years rigging the world order in favor of burger consumers, only for those same slopivores to believe the economy was rigged in everyone else's favor
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I upkongd you as my yearly charity to retsrded people. God bless little fella
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Its only realistic way for low income countries without natural resources to build up trade surpluses to offset necessary imports for modernization. Japan, Korea etc have shifted out of that phase. But their consumers didn't attain that level of affluence yet.
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Japan and Korea would be back to wearing slippers and eating rice with fish sauce if America sank into the ocean. First North Korea would go and eat South Koreans literally because they are starving, and Japan would immediately and instantly fall out of our spell and go back to genociding the Chinese like a rat extermination company in New York black suburbs.
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Distribution of labor and competitive advantage for 500 Alex
We gonna buy Avocados from Mumbai?
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!bharatiya what do (((they))) know
Should I become an avocado farmer?
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You should. But what are the logistics of putting avocados on a container ship in the most sweltering part of the world? How about USDA certification? Setting up a cold chain?
And they still cost more than Avocados from Michoacán. So we're paying more regardless
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Vegetables are important part of their favorite cold sauces.
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all american processed food is > 80% corn by volume
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Literally cattle
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Slobbing and goysloppin
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Maybe those frickers at McDonald will finally learn to hold the fricking salad!
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Maybe you should learn to hold a salad, fatso.
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is this bbbb reincarnated?
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If a 25% tariff on Canada destroys our economy, it wasn't a real economy in the first place.
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