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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!historychads this may be the Saturday night liv..I mean liquor talking but I think there's a slight silver lining to this...
After NAFTA a lot of really important(labor intensive) US Companies moved just south of the border into Juarez. The Managerial Cadres, Analysts, Consultants could move to and from there within a day's notice, it's not deep inside Mexico and it has access to cheap labor.
Here's Paul Theroux in his "On the Plain of Snakes" Mexican travelogue
Keep in mind, that this Juarez workforce is an ever revolving workforce with no security, benefits and rife with danger. But in a country with few other economic opportunities few can complain.
This gives rise to the Maquiladora community, women who work in these communities, who have no sense of community because of this ever revolving workforce and constant turnover. That is why r*pe, abductions, disappearances and female homicides in Juarez are sky high compared to any other place on Earth. And on top of that they are always trying to get to the other side. This smuggling lines the pockets of drug cartels.
What will happen if due to these tariffs, the prices go up by 20%? If those companies move back in Arizona or Texas?
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No, they're sky-high because these border areas are cartel-infested smuggling corridors. Border areas of Mexico with none of the NAFTA factories are also shit.
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All along the border is shit. The women workers there who migrated from other parts of Mexico to work in their own country become huge collateral damage to the roving bands of cartelshit, criminals escaping either side etc
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lmao I go to Juarez all the time, unless you're buying drugs, shit is fine. If you're buying drugs you deserve everything that happens to you. There aren't any roving bands of whatever the frick people think. Ugly city though. So is El Paso, for that matter
!latinx
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I didn't watch Sicario. Narcos is about Colombia r-slur. I started searching about it after Trump's FTO
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NARCOS MEXICO
If you haven't seen it go watch it because it's pretty good
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I stopped watching Narcos original after Pablo died :(
I didn't like any other character
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I know he was a shithead murderer but I felt kinda bad when he died like he did. But the Colombians had enough.
Wagner Moura is a good actors. His spanish accent is lol though. Like a movie with JFK but the actor has a Jamaican accent
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I binged Narcos: Mexico and I finally got your point lol but also
That Juarez femicide thing could have been real True Detective Season 1 tier TV. AND IT'S A REAL PROBLEM. Instead they just crammed it in like a B-plot.
Also I liked that cop's accent so much. I have never heard Spanish in that accent. It's almost like the equivalent of a Tennessee accent. Very singy songy.
Can you ping Latinx and ask them too?
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!latinx
I think Luis Mendez was attempting a Chihuahuan accent which is from that area of Mexico and kinda different. They swap C for S in their speech. They also have a lot of English loan words. Most of the North of Mexico has their equivalent of the redneck accent.
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Para eso nos llamรกs?
Mejor decile que se vaya a la concha de su re-putรญsima madre.
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I hate, hate, hate every "documentary" or news reel about LATAM made by burgers and euros.
They always choose the absolute worst, poorer, dirtier, crime infested shitholes they can possibly find and make it look like entire countries are like that. Both lib and rightoid media do that.
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I hear this same tired cliched argument by all of Central, South America, Africa, Asia
!dramatards what do they mean by this?
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!veterans One of my buddies was stationed in Peru for a while and one of the first things he saw was a child being dragged into an alley by a dog from a bus window
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Because is a specific subset of desperate poor people who migrate, is not like 90% of the population lives in slums and South American countries don't have the same emigration rate as Central America. You can't compare Argentina, Chile or Costa Rita to Honduras and Guatemala.
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The poor from Hondumala migrate via coyotes
The rich from Chilgentina migrate via work and student visas.
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Subsets of middle class professionals do that as they can get better salaries (not all of them, it became more common for Argentinians than Chileans as Argentina's crisis became more dire), wealthy Chileans (those with actual patrimonial wealth) stay, but the same thing applies to European professionals who move to the US.
You can make more money in the United States, but my point was about burger and euro media cherry picking the worse. For instance only 8% of Brazilians live in favelas but a foreigner would think is like 50% judging by films and docus, that's because they go to Rio de Janeiro which is infamous favela-covered. Then you have mid sized cities with hundreds of thousands of inhabitants in the South and Southeast with barely any slums.
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โ Gaston de Raousset-Boulbon !americas
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@Frank_Williams think the average American would do good by traveling too Nuevo Leon
long live the ccp
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20% is too low. We need to fine the Mexican gocernment $10,000 per illegal immigrant and raise tariff to 80% until they build a wall or implode.
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They have a free trade agreement with the EU and Canada and China will move in so I imagine they'll be alright. They'd be good to never trust us again. They can live without Yeti coolers
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nuclear missiped
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Lmao elections have consequences. Will you be doing the work stoppage on 3/4, or was it 4/4?
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keep yourself safe
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