[Hoot Gibson]

Do you like the idea of tariffs imposed on our biggest trading partners?  Do you favor a trade war that will hike prices of some of your favorite goods?  I think it's a very bad idea. Trump likes it just because he can do it and because he enjoys creating chaos.

Canadian Prime Minister Justin Trudeau has just announced that it will retaliate against Trump's  tariffs with it's own 25% tariffs on imports of goods from the US.  The first phase will go into effect on Tuesday, and will include tariffs on $30 billion worth of goods. The next phase will include tariffs on an additional $125 billion of goods. Mexico said it has plans to follow suit. 

Jet, better stock up on your booze. Beer and liquor prices are going up, up, up.  Granny Bear, that morning Orange juice or coffee and those fruits and vegetables for those pies and cakes, likely just got a lot pricier.

I doubt Trump's tariffs will get the blame from BGR scholars , though. 

What do you think, MAGA Nuts?  Do you think BGR MAGANS  will  blame Hillary's emails or Hunter's laptop for the skyrocketing costs of avocados?


https://www.canada.ca/en/department-fina...tariffs.ht

I talked to a guy I know(probably you do as well) last night who works in finance for a company that will be affected from the Canadian tariffs.  He said that they are projecting a $1.2 million reduction in income for 2025 due the price increases that their supplier has already informed them that's coming next month.  He said they would have to pass the majority of that on to the consumer.

I buy tons of steel on a daily basis and it’s tit for tat while it’s true Canadian steel prices may increase U.S. steel, which I’d rather buy anyways, usually increases production which offsets or in some cases lowers prices domestically….The issue for these prices under Biden haven’t been tariffs but shipping which is already starting to ease under the Trump admin due to Buttigieg’s over regulations and covid mandates…So far all your talk of tariffs has been pointless as Trump mostly used it as a bargaining chip and as a business owner I worked twice as hard to make the same money under Biden as I did under the previous Trump admin….

I developed software applications for a large steel mill owned by Nucor in Indiana for over 5 years. American made steel in our newer mills is hard to beat. Japan also produces top-tier steel and I was glad that President Trump convinced Japan to invest in U.S. Steel instead of buying the company. When I can't buy quality American made products, Japan is nearly always my second choice, especially for products made from steel. Japan is my first choice for electronics and small appliances. I will gladly pay double or triple the price for a Japanese manufactured product over a junky Chinese equivalent.