radiofann wrote: ↑Sun Feb 02, 2025 10:26 pm The numbers are similar for trade with Mexico, another $477b of imports. 25% tariff on those would yield an additional $120B of revenue for deficit reduction or social security, Medicare, Medicaid, defense spending, aid to Ukraine, etc.
There was no blaming Biden on the $7500 EV rebate, I offered it as an example of policy tools to achieve desired economic behavior. Rebates or tariffs, equally powerful tools. The EV rebate goes back to both Obama and thru Trump years. One can argue whether it makes sense or has successfully stimulated enough EV sales to support profits and investment into the segment of the auto sector.
Similarly, Recall “cash for clunkers”, a rebate to invoke purchase of new cleaner more fuel efficient cars and trading in old ones in 2009.
Unfortunately Trudeau is a feminist blacface-wearing weak leader who failed his party and is withdrawing for good reason. He admittedly failed to manage his own immigration flow and had to apologize to his citizens, his finance minister bailed out on him and he made his own correct decision to resign.
His defense spending is anemic at 1.37% of GDP , and his 10 year budget at most increased it to 1.73%, far below the 2% or even 3% target commitment goal for NATO members.
For that reason he has drawn the annoyance of Trump, Trudeau is not carrying canadas weight in the defense of free lands.
https://www.fraserinstitute.org/comment ... cumulation
No problem with US consumer paying more taxes as long as the revenue raised is used effectively on deficit reduction, Medicare, Medicaid, ACA subsidies, aid to Ukraine, etc. deficit reduction has to start somewhere.
Canada will pay the tariff. They can then decide to raise their prices to account for the tariff, to eat the cost, take less profit, or reduce their own cost and get more efficient.
I’m trying to find the thread where you all were protesting the Biden tariffs on China, on imported solar panel components, Which subsequently caused our US solar panel manufacturers to suffer higher costs? To help the environment, Are you supportive to pay more for US solar panels due to Biden tariffs?
US solar builder brace for higher costs as Biden hikes tariffs
https://www.reuters.com/business/energy ... 024-05-23/
And , the entire US Inflation Reduction Act , with its $368B of subsidies for US products, was seen as a H*** disadvantage (a tariff, I might add) on EU suppliers, who were very upset US suppliers got protectionism for their manufacturers. EU subsequently planned protectionism with their own IRA. The EU countries said the US Inflation Reduction Act violated WTO principle of non-discrimination.
Explainer: Why the U.S. Inflation Reduction Act has rattled Europe
https://www.reuters.com/markets/why-us- ... 023-02-01/
It looks like the trade war -subsidies-favoritism started in 2022 under the previous administration.
Trump simply said, “hey that looks cool, I can do that too!”
