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“Look, Mexico and Canada have never been good to us on trade,” he continued. “They’ve treated us very unfairly on trade, and we will be able to make that up very quickly because we don’t need the products that they have.”
Hahahahaha...oh god, comedy heaven!
...Wait, what do you mean this is not the onion?
The U.S. imports 60% of its oil from Canada.
They also import a shitload of electricity.
And pretty much anything made out of a tree.
Lots of metals as well, TD has an analysis if interested.
Canada and Mexico are the 2 largest trading partners. Cusma review is next year, didn't he do the exact same thing going into the NAFTA 2.0 negotiations? Just wish we'd do a united front with Mexico on this.
Tariffs on oil and microchips, should make a nice dent in cost of living.
Those Biden "I did that" sticker on gas pumps are gonna look a hell of a lot different in hindsight.
Someone should tell the talking Cheeto that we are a net exporter on oil and the majority we import is from Canada and Mexico. You know, the whole thing of there being different types of oil and the refineries in the US are set to refine foreign oil and not our own oil.
"Who knew oil was so complicated?"
Anytime he finds something out, "nobody knew". Anytime he finds out he went too far, "no one knew it was this complicated".
I assume this is referring to his "Who knew healthcare could be complicated" comment 8 years ago that we have yet to hear his plan for after promising one in two weeks
He said it pretty often in his first term. The commenter you replied to has it right. "Nobody knew..." translates directly to "I just found out"
Don't worry, Alberta's premier already has her head so far up Trump's ass that she will never allow a retaliatory tariff on oil. I'm calling now that if the federal government pushes it through anyway, then Alberta will immediately try to leave Canada and join the US.
We're gonna be fucked either way because the country will tear itself apart over a response while getting economically strangled.
Trump is considering not taxing oil but it would be very funny if Canada decided to tax the all oil exports to the US as a fuck you to Trump...
The Agreement between the United States of America, Mexico, and Canada (USMCA) was entered into force on July, 1, 2020, under the USMCA Implementation Act, H.R. 5430; Public Law 116-113. It replaces the North American Free Trade Agreement (NAFTA) which was in force from January 1, 1994 to June 30, 2020.
Hmm who was president in 2020?
https://www.cbp.gov/trade/priority-issues/trade-agreements/free-trade-agreements/USMCA/FAQs
I know, it's crazy how his supporters don't put two and two together. HE MADE THE TRADE DEAL HE'S SUPPOSEDLY GETTING SHAFTED ON!
"We don't need the products that they have but we might not tax oil coming from Canada... Because... We... Eeeh... Don't need it?"
Trump warns that he's going to tank the US economy On Saturday
And Canada's and we didn't even get a chance to vote against this guy
Elected by people to lower groceries
Increases groceries
Then remove tariff and claim he lowered it.
It’s like sale prices at JCPenny.
It's What happens when you treat a country like business.
Guys I hope people haven't forgotten that the trump admin changed NAFTA when they were in previous term.
We are in this "unfair slump" because they can't even do a deal right.
WTF was it, something something art of the deal or something?
He will tank the US just like he tanked all his businesses.
I really hope Canada and Mexico do Free Trade Judo, rather than just counter-tariffs.
If Canada imposes a counter-tariff on American goods, it just makes things more expensive for Canadians. But, USMCA required that Canada and Mexico agree that the big tech companies can't be sued in Canada or Mexico for content appearing on their platforms. Fuck that rule, let the lawsuits fly.
The update to NAFTA also required that Canada and Mexico adopt the ridiculously long US copyright term limits, making it life+70 years instead of life+50. So... go back to the original rules and bring a bunch of copyrighted American content into the public domain.
Mexico was required to adopt the "notice and takedown" bullshit from the DMCA. Fuck that. Mexico can go back to their old system. I don't know what they used, but I'm sure it was better for the end-user than DMCA bullshit, and changing it back would only hurt Hollywood.
Instead of just counter-tariffs, make things cheaper and better for Canadian and Mexican citizens. In particular, fuck American copyrights. It's ridiculous that Canada and Mexico were forced to bend over backwards for the benefit of Disney and friends. If the US wants its neighbors to respect its IP, then it needs to respect the free trade agreement that Trump fought for and signed.
This is exactly what we need to be looking at, that and patents, DMCA.
I also hope we latch on to EU directives and force companies to have proper GDPR like requests
Then do it bitch, I don't care.
My job will literally not be affected and all the American companies we work with will just skirt the law to avoid tariffs because America or they will pay them.
Ain't no one taking down the true north strong and free 🇨🇦🇨🇦🇨🇦
As an American, I support the effort Canada and Mexico will do to fight back.
Same here. Personally, I'm also going to buy as little from the US as I can for the next while. Same as last time.
Canada and Mexico are reportedly at a total loss because they have no idea what Trump even wants. It’s being reported that Trump wants to slap actual tariffs on someone just to show he means business.
So like how does he do this without screwing over 90% of our automotive companies?
I thought he was trying to.... Lower
Prices
That's the neat thing, he doesn't!
Musk said there would be temporary pain. Trump is willing to have others suffer to get what he wants.
Except his every policy will make prices higher.
Right. Lower prices are what he says he wants, not what he actually wants. Never forget, nearly everything he says is a lie.
Neat the power to the us gets shut off 6 hrs after the announcement 🤣
He cited the influx of migrants at the southern border, the flow of fentanyl into the United States and the trade deficit the U.S. has with its neighbors.
43 pounds. That's how much fentanyl was seized at the US-Canada border in 2024. 43 pounds. He's going to destroy a $1 trillion trade relationship over 43 pounds. If you voted for this asshole you are an utter moron.
Let’s talk about that summertime electricity from the north. Can Canada turn that off?
Oh don't worry, it's on the table, funny that this shit is happening not long after Quebec started exporting electricity to the US only to realize they should have kept that capacity for themselves because demand is only increasing... The problem might just solve itself!
I suggest the counter is to stop respecting Intellectual Property for anything registered in the US, not just US Copyright but also Patents and Trademarks.
The US doesn't actually make much and is hugely dependent on Intellectual Property to extract wealth from other people making stuff.
Fixed headline:
Cheeto warns Canada, Mexico that he'll destroy his own economy come Saturday
Fuck this guy
Car prices are going to go crazy lol.
Michigans entire economy is based around getting car parts machined cheaply in Ontario.
Crash these economies, with no survivors. (OK, bad day for that one.)
Until people see the results of fascism, it'll keep creeping and creeping. Right now it's at full throttle. Let. It. Run.
LMAO at Americans bitching about grocery prices. Well over half of us are getting plenty of calories. There won't be change, let alone revolution, as long as we're all fat, happy and something is on the tube.
If Trump puts tariffs on Canadian oil, Americans will see an immediate 5% price jump in all goods, even the ones not covered by tariffs.