this post was submitted on 24 Jan 2025
460 points (96.6% liked)

World News

39901 readers
2696 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

Summary

In a virtual speech at the World Economic Forum, Trump suggested Canada could become a U.S. state to avoid his proposed tariffs on imports.

The remark elicited gasps from the audience.

Trump claimed the U.S. does not need Canadian lumber, energy, or vehicles, vastly overstating the trade deficit between the two nations.

He reiterated his intention to impose tariffs, potentially as high as 25%, on imports from Canada and Mexico starting February 1.

Economists warn such tariffs would raise prices for U.S. consumers.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 day ago

I think it's a "threat" but not a very good one.

There might be 3 brands of toothbrush available to buy in the US but maybe all of them are manufactured in China. If you just tariff everything from China then US consumers will just pay more because there's no incentive for manufacturers to absorb the tariff.

It's a threat to Chinese toothbrush manufacturers because it creates an incentive for other manufacturers to pop up elsewhere, maybe someone will start manufacturing toothbrushes in the US. These toothbrushes would be cheaper than the tariffed ones for consumers to buy, but obviously more expensive than toothbrushes used to be before the tariffs.

In summary, because consumers are unlikely to buy less toothbrushes, they just end up paying more.