---President Elect Musk and Convicted Criminal VP Elect Donald J Trump---

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  • Halifax2TheMaxHalifax2TheMax Posts: 39,375
    2023
    mickeyrat said:
    At least he'd get interest rates down this way...

    https://www.telegraph.co.uk/business/2024/12/09/donald-trump-policies-tip-us-into-recession/


    America’s economy ‘risks massive Trump slump’

    US GDP could contract by as much as two to three percentage points, according to NIESR

    Trump’s policies threaten to reverse his promises to boost the economy and tackle high living costs Credit: Brian Snyder/Reuters

    Donald Trump risks tipping the US into recession if he follows through with the promises made on the campaign trail, a top economist has warned.

    Paul Mortimer-Lee of the National Institute of Economic and Social Research (NIESR) said the “ill-considered, rushed and damaging” combination of tariffs, the mass expulsion of illegal immigrants, tax cuts and spending efficiencies was “likely to tip the US economy into recession.”

    Mr Mortimer-Lee said: “In a worst-case scenario, where immigrant expulsions are massive, tariff increases hit straight away and retaliation is swift and effective, GDP could contract by two to three percentage points.”

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    Such an outcome would mark a massive slump when compared to the strong growth enjoyed by the US this year. NIESR estimates America’s economy will expand by 2.8pc in 2024.

    It would also represent a significant challenge to Mr Trump who ran much of his campaign on a promise to boost the economy and tackle the cost of living crisis that many citizens blamed on President Joe Biden.

    A recession in the world’s largest economy would send shockwaves across the globe, with China, Mexico, Canada and Germany all likely to struggle given their deep economic links to the US.

    Mr Trump campaigned on a promise to impose steep tariffs on imports, including of up to 60pc on China, to tighten the US’s borders and cut taxes while slashing government spending. He has stepped up his rhetoric around tariffs since his election victory last month and appointed Elon Musk to the newly created Department of Government Efficiency. The billionaire has said he hopes to cut $2 trillion of spending.

    Mr Mortimer-Lee said Mr Trump’s immigration policies would be the most damaging, given the important role this group plays in the US economy.

    He said: “Expelling five million workers could reduce GDP by close to 2.5pc. Since expulsions would continue for years, the reduced rate of growth in GDP would be persistent – not a one-off shock like tariffs.”

    Advertisement

    Shortages of workers, particularly in migrant-heavy industries such as agriculture, retail and construction, are likely to send wages spiralling and stoke inflation. Mr Mortimer-Lee also warned that tariffs would also stoke inflation.

    The Federal Reserve would usually be expected to raise interest rates to try to rein in price rises but there is a risk that the future president could successfully pressure officials into keeping borrowing costs low.

    “How large the eventual inflation effect and how long it lasts will depend on whether Mr Trump succeeds in bending the Federal Reserve to his will, which would mean a softer monetary policy stance,” Mr Mortimer-Lee said. “Contrary to the consensus, I take the view that he will be successful, so that the initial shocks to prices from his other policies will feed through to second and third-round effects.

    “As a result, inflation could rise to 7pc or 8pc by 2027, especially if an economic downturn were met by an outsized money-financed fiscal deficit, which is a very real prospect.”

    Mr Trump has suggested he wants the president to have a greater role in setting interest rates and there has been speculation that he could seek to sack Federal Reserve chairman Jerome Powell.

    However, the president-elect on Sunday said he did not plan to sack Mr Powell, telling NBC’s Meet the Press: “I don’t see it.” 

    Mr Mortimer-Lee said foreign investors would be reluctant to lend to the US if the Fed’s independence were undermined, resulting in higher borrowing costs for the government.

    “The possible outcomes include a funding crisis, pro-cyclical fiscal tightening, fiscal dominance of the Fed, and a dollar crisis,” he said.



    could argue his supporters voted him in to run the country like his businesses...

    say a casino?
    Or a “university?”
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

    Libtardaplorable©. And proud of it.

    Brilliantati©
  • mickeyratmickeyrat Posts: 39,360
    mickeyrat said:
    At least he'd get interest rates down this way...

    https://www.telegraph.co.uk/business/2024/12/09/donald-trump-policies-tip-us-into-recession/


    America’s economy ‘risks massive Trump slump’

    US GDP could contract by as much as two to three percentage points, according to NIESR

    Trump’s policies threaten to reverse his promises to boost the economy and tackle high living costs Credit: Brian Snyder/Reuters

    Donald Trump risks tipping the US into recession if he follows through with the promises made on the campaign trail, a top economist has warned.

    Paul Mortimer-Lee of the National Institute of Economic and Social Research (NIESR) said the “ill-considered, rushed and damaging” combination of tariffs, the mass expulsion of illegal immigrants, tax cuts and spending efficiencies was “likely to tip the US economy into recession.”

    Mr Mortimer-Lee said: “In a worst-case scenario, where immigrant expulsions are massive, tariff increases hit straight away and retaliation is swift and effective, GDP could contract by two to three percentage points.”

    Advertisement

    Such an outcome would mark a massive slump when compared to the strong growth enjoyed by the US this year. NIESR estimates America’s economy will expand by 2.8pc in 2024.

    It would also represent a significant challenge to Mr Trump who ran much of his campaign on a promise to boost the economy and tackle the cost of living crisis that many citizens blamed on President Joe Biden.

    A recession in the world’s largest economy would send shockwaves across the globe, with China, Mexico, Canada and Germany all likely to struggle given their deep economic links to the US.

    Mr Trump campaigned on a promise to impose steep tariffs on imports, including of up to 60pc on China, to tighten the US’s borders and cut taxes while slashing government spending. He has stepped up his rhetoric around tariffs since his election victory last month and appointed Elon Musk to the newly created Department of Government Efficiency. The billionaire has said he hopes to cut $2 trillion of spending.

    Mr Mortimer-Lee said Mr Trump’s immigration policies would be the most damaging, given the important role this group plays in the US economy.

    He said: “Expelling five million workers could reduce GDP by close to 2.5pc. Since expulsions would continue for years, the reduced rate of growth in GDP would be persistent – not a one-off shock like tariffs.”

    Advertisement

    Shortages of workers, particularly in migrant-heavy industries such as agriculture, retail and construction, are likely to send wages spiralling and stoke inflation. Mr Mortimer-Lee also warned that tariffs would also stoke inflation.

    The Federal Reserve would usually be expected to raise interest rates to try to rein in price rises but there is a risk that the future president could successfully pressure officials into keeping borrowing costs low.

    “How large the eventual inflation effect and how long it lasts will depend on whether Mr Trump succeeds in bending the Federal Reserve to his will, which would mean a softer monetary policy stance,” Mr Mortimer-Lee said. “Contrary to the consensus, I take the view that he will be successful, so that the initial shocks to prices from his other policies will feed through to second and third-round effects.

    “As a result, inflation could rise to 7pc or 8pc by 2027, especially if an economic downturn were met by an outsized money-financed fiscal deficit, which is a very real prospect.”

    Mr Trump has suggested he wants the president to have a greater role in setting interest rates and there has been speculation that he could seek to sack Federal Reserve chairman Jerome Powell.

    However, the president-elect on Sunday said he did not plan to sack Mr Powell, telling NBC’s Meet the Press: “I don’t see it.” 

    Mr Mortimer-Lee said foreign investors would be reluctant to lend to the US if the Fed’s independence were undermined, resulting in higher borrowing costs for the government.

    “The possible outcomes include a funding crisis, pro-cyclical fiscal tightening, fiscal dominance of the Fed, and a dollar crisis,” he said.



    could argue his supporters voted him in to run the country like his businesses...

    say a casino?
    Or a “university?”

    or a "Charity" ?
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • Gern BlanstenGern Blansten Mar-A-Lago Posts: 20,677
    2023
    I saw trump's insult to Trudeau last night....what a fucking douche. I wonder if JT regrets visiting that piece of shit at maralago
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • DarthMaeglinDarthMaeglin Toronto Posts: 2,643
    I saw trump's insult to Trudeau last night....what a fucking douche. I wonder if JT regrets visiting that piece of shit at maralago
    Humour is dead, clearly. It’s a bad joke, nothing more, nothing less.

    Alternately, should Canadians feel secure with a man who has said he doesn’t trouble himself thinking about monetary policy trying to negotiate with Trump?
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • Lerxst1992Lerxst1992 Posts: 6,761
    hunterh75 said:
    hunterh75 said:


    More lies exposed on the fuckface in chief. I noticed that Macron was just slightly shorter than trump when they were together and he's 5'10". 

    It seems like trump has abandoned his lifts that made him lean forward. What a fucking fake.
    Name-calling removed by Admin. Review the Posting Guidelines stickied on Porch to preserve posting privileges.-Admin

    Yeah and the things that you DON'T get tore up about...like rape, fraud, orange, fat, stupid, etc.
    Orange, fat and stupid, lol. Are we back in grade school on the playground?  Carry on.........
    again...you voted for a guy that belittles everyone. Childish name calling, repeating false shit over and over....give your outrage a rest and man up

    Wait...what?
  • HughFreakingDillonHughFreakingDillon Winnipeg Posts: 37,353
    2024
    I saw trump's insult to Trudeau last night....what a fucking douche. I wonder if JT regrets visiting that piece of shit at maralago
    Humour is dead, clearly. It’s a bad joke, nothing more, nothing less.

    Alternately, should Canadians feel secure with a man who has said he doesn’t trouble himself thinking about monetary policy trying to negotiate with Trump?
    Humour is not dead, but respect and dignity of official heads of state is. You just don't make a "joke" like that. It's demeaning. 
    "Oh Canada...you're beautiful when you're drunk"
    -EV  8/14/93




  • Gern BlanstenGern Blansten Mar-A-Lago Posts: 20,677
    2023
    I saw trump's insult to Trudeau last night....what a fucking douche. I wonder if JT regrets visiting that piece of shit at maralago
    Humour is dead, clearly. It’s a bad joke, nothing more, nothing less.

    Alternately, should Canadians feel secure with a man who has said he doesn’t trouble himself thinking about monetary policy trying to negotiate with Trump?
    Humour is not dead, but respect and dignity of official heads of state is. You just don't make a "joke" like that. It's demeaning. 
    He can't control himself...no surprise there. But yeah, horrible optics and it just solidifies how stupid this country has become when our elected leaders can't show one of our biggest allies a minimum amount of respect.
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • DarthMaeglinDarthMaeglin Toronto Posts: 2,643
    I saw trump's insult to Trudeau last night....what a fucking douche. I wonder if JT regrets visiting that piece of shit at maralago
    Humour is dead, clearly. It’s a bad joke, nothing more, nothing less.

    Alternately, should Canadians feel secure with a man who has said he doesn’t trouble himself thinking about monetary policy trying to negotiate with Trump?
    Humour is not dead, but respect and dignity of official heads of state is. You just don't make a "joke" like that. It's demeaning. 
    He can't control himself...no surprise there. But yeah, horrible optics and it just solidifies how stupid this country has become when our elected leaders can't show one of our biggest allies a minimum amount of respect.
    Don’t forget Trudeau just spent the last four years bashing Trump and doing everything he could to insinuate a link between maga and the Conservative Party of Canada.

    In my opinion Trudeau has been as undiplomatic as Trump.

    It’s also funny how the US conquering Canada is being portrayed as if the US military hasn’t had a playbook for doing just that for decades (along with plans to conquer pretty much every nation on the planet). Someday Canadians will wake up one morning and be informed that we’re now under the authority of the USA, though not likely in our lifetimes.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • Gern BlanstenGern Blansten Mar-A-Lago Posts: 20,677
    2023
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • DarthMaeglinDarthMaeglin Toronto Posts: 2,643
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • HughFreakingDillonHughFreakingDillon Winnipeg Posts: 37,353
    2024
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    "Oh Canada...you're beautiful when you're drunk"
    -EV  8/14/93




  • Gern BlanstenGern Blansten Mar-A-Lago Posts: 20,677
    2023
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    yeah and who the fuck doesn't make fun of trump? he's a fucking idiot
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • DarthMaeglinDarthMaeglin Toronto Posts: 2,643
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    And the linking of the CPC to maga/Trump? Those haven’t been “hot mic” comments.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • DarthMaeglinDarthMaeglin Toronto Posts: 2,643
    It is funny how Trudeau’s not pushing that link as loudly since the US election.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • josevolutionjosevolution Posts: 29,952
    2025
    Trumpollini is pissed that Trudeau’s has Melania’s eyes 
    jesus greets me looks just like me ....
  • HughFreakingDillonHughFreakingDillon Winnipeg Posts: 37,353
    2024
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    And the linking of the CPC to maga/Trump? Those haven’t been “hot mic” comments.
    cuz they have borrowed a lot of their political tactics. 
    "Oh Canada...you're beautiful when you're drunk"
    -EV  8/14/93




  • DarthMaeglinDarthMaeglin Toronto Posts: 2,643
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    And the linking of the CPC to maga/Trump? Those haven’t been “hot mic” comments.
    cuz they have borrowed a lot of their political tactics. 
    So Trudeau gets a pass for shitting on Trump and maga, but Trump is held to a different standard, got it.

    How many pictures exist of Trump wearing blackface at any time of his life? Would you excuse it for Trump as you did for Trudeau?

    There are far more similarities between Trump and Trudeau but it won’t be seriously considered by any here (at least that’s been my experience).

    Both born with a silver spoon, coddled and shielded from the consequences of their actions, both growing into extreme narcissists who believe they know all the answers. Both seem to admire authoritarian figures or regimes.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • HughFreakingDillonHughFreakingDillon Winnipeg Posts: 37,353
    2024
    good lord. around and around we go. I'm not going to waste my time going over this same old song and dance again. it's been discussed ad nauseum. 
    "Oh Canada...you're beautiful when you're drunk"
    -EV  8/14/93




  • DarthMaeglinDarthMaeglin Toronto Posts: 2,643
    I guess it could be revenge for JT being on video at that summit telling others how stupid trump is....lol
    Precisely, pot meet kettle.
    saying it to others in a private conversation caught on a hot mic is not the same as saying it in an interview. come on
    And the linking of the CPC to maga/Trump? Those haven’t been “hot mic” comments.
    cuz they have borrowed a lot of their political tactics. 
    Could you please prove your claim?

    Remember too, “The story in the Globe and Mail is false.” Turned out it was true.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • DarthMaeglinDarthMaeglin Toronto Posts: 2,643
    good lord. around and around we go. I'm not going to waste my time going over this same old song and dance again. it's been discussed ad nauseum. 
    So you again refuse to answer questions.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • DarthMaeglinDarthMaeglin Toronto Posts: 2,643
    I do need to acknowledge that the governing Liberals are downplaying the comments as jokes.

    Trump knows he got under many peoples skin with his initial comment at the dinner. He’s watching the hysteria north of the border and laughing his considerable ass off.

    If Trudeau wanted me to take him seriously he should have told Trump we’ll stop the fentanyl at the border but Trump needs to stop the illegal guns flooding north. Lost opportunity it seems.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • HughFreakingDillonHughFreakingDillon Winnipeg Posts: 37,353
    2024
    I do need to acknowledge that the governing Liberals are downplaying the comments as jokes.

    Trump knows he got under many peoples skin with his initial comment at the dinner. He’s watching the hysteria north of the border and laughing his considerable ass off.

    If Trudeau wanted me to take him seriously he should have told Trump we’ll stop the fentanyl at the border but Trump needs to stop the illegal guns flooding north. Lost opportunity it seems.
    cuz that's the mature response we want out of our leaders. 
    "Oh Canada...you're beautiful when you're drunk"
    -EV  8/14/93




  • DarthMaeglinDarthMaeglin Toronto Posts: 2,643
    I do need to acknowledge that the governing Liberals are downplaying the comments as jokes.

    Trump knows he got under many peoples skin with his initial comment at the dinner. He’s watching the hysteria north of the border and laughing his considerable ass off.

    If Trudeau wanted me to take him seriously he should have told Trump we’ll stop the fentanyl at the border but Trump needs to stop the illegal guns flooding north. Lost opportunity it seems.
    cuz that's the mature response we want out of our leaders. 
    Never said either T is a mature individual.
    "The world is full of idiots and I am but one of them."

    10-30-1991 Toronto, Toronto 1 & 2 2016, Toronto 2022
  • The JugglerThe Juggler Posts: 49,032
    2023
    He's right. Shame more people didn't think about this before November. 



    Trudeau says Americans are realizing Trump's tariffs on Canada would make life a lot more expensive

    Canadian Prime Minister Justin Trudeau says Americans are realizing that "tariffs on everything from Canada would make life a lot more expensive" and says he would retaliate if Donald Trump imposes them


    National headlines from ABC News

    Catch up on the developing stories making headlines.

    TORONTO -- Canadian Prime Minister Justin Trudeau said Monday that Americans “are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive" and said he will retaliate if Donald Trump goes ahead with them.

    Trump later responded by calling Canada a state and Trudeau the governor.

    Speaking at an event put on by the Halifax Chamber of Commerce, Trudeau also said dealing with Trump will be “a little more challenging” than the last time because Trump’s team is coming in with a much clearer set of ideas of what they want to do right away than after his first election win in 2016.

    The U.S. president-elect has threatened to impose a 25% tax on all products entering the U.S. from Canada and Mexico unless they stem the flow of migrants and drugs.

    “Trump got elected on a commitment to make life better and more affordable for Americans, and I think people south of the border are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive," Trudeau said.

    Recent Stories from ABC News
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    On the weekend, Trump appeared in an interview with NBC’s “Meet the Press,” where the president-elect said he can’t guarantee that his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers.

    “Let’s not kid ourselves in any way, shape or form, 25% tariffs on everything going to the United States would be devastating for the Canadian economy," Trudeau said.

    “It would also, however, mean real hardship for Americans as well. Americans import 65% of their crude oil from Canada, significant amounts of electricity. Just about all the natural gas exported from Canada goes to the United States. They rely on us for steel and aluminum. They rely on us for a range of agriculture imports. All of those things would get more expensive.”

    Trump seemed to respond to Trudeau's comments with a post on social media late Monday, in which he noted Trudeau's recent dinner at Mar-a-Lago where some said Trump joked about Canada becoming the 51st state.

    “It was a pleasure to have dinner the other night with Governor Justin Trudeau of the Great State of Canada. I look forward to seeing the Governor again soon so that we may continue our in depth talks on Tariffs and Trade, the results of which will be truly spectacular for all! DJT,” Trump posted on Truth Social.

    If Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation.

    Economists say companies would have little choice but to pass along the added costs, dramatically raising prices for food, clothing, automobiles, alcohol and other goods.

    The Produce Distributors Association, a Washington trade group, has said tariffs will raise prices for fresh fruit and vegetables and hurt U.S. farmers when the countries retaliate.

    “We will of course, as we did eight years ago, respond to unfair tariffs,” Trudeau said.

    Trudeau said his government is still mulling over “the right ways” to respond, referencing when Canada put billions of new duties in 2018 against the U.S. in a tit-for-tat response to new taxes on Canadian steel and aluminum.


    02:24
    Read More

    Many of the U.S. products were chosen for their political rather than economic impact. For example, Canada imports just $3 million worth of yogurt from the U.S. annually and most of it comes from one plant in Wisconsin, the home state of then-Republican House Speaker Paul Ryan. That product was hit with a 10% duty.

    “It was the fact that we put tariffs on bourbon and Harley-Davidsons and playing cards and Heinz ketchup and cherries and a number of other things that were very carefully targeted because they were politically impactful to the president’s party and colleagues,” Trudeau said.

    Trudeau said when Trump says things he means them but they also know Trump is trying to insert uncertainty and “a bit of chaos” into democracies.

    “One of the most important things for us to do is not freak out, not to panic,” Trudeau said.

    “Knowing these would be absolutely devastating means we have to take them seriously but it does mean we have to be thoughtful and strategic and not going around making our opponents arguments for him but making our arguments in a significant and united way."

    Recent Stories from ABC News

    Canadian officials have said it is unfair to lump Canada in with Mexico.

    U.S. customs agents seized 43 pounds of fentanyl at the Canadian border last fiscal year, compared with 21,100 pounds at the Mexican border.

    Most of the fentanyl reaching the U.S. — where it causes about 70,000 overdose deaths annually — is made by Mexican drug cartels using precursor chemicals smuggled from Asia.

    On immigration, the U.S. Border Patrol reported 1.53 million encounters with irregular migrants at the southwest border with Mexico between October 2023 and September 2024. That compares to 23,721 encounters at the Canadian border during that time.

    Trump has also claimed the U.S. is “subsidizing Canada to the tune of over $100 billion a year."

    On America’s trade deficit Canada’s ambassador to Washington, Kirsten Hillman, told the AP U.S. had a $75 billion trade deficit with Canada last year but noted a third of what Canada sells into the U.S. are energy exports and prices have been high.

    About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports as well.

    Canada is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager for and investing for national security.

    Nearly $3.6 billion Canadian (US$2.7 billion) worth of goods and services cross the border each day. Canada is the top export destination for 36 U.S. states.




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  • mickeyratmickeyrat Posts: 39,360
    edited December 11
    note the article doesnt quote the "retaliate" line. winder if he said something along the lines of respond in kind.....

    later though it looks like he would respond in a targeted way like he did before Paul Ryan tucked tail and ran home.
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • brianluxbrianlux Moving through All Kinds of Terrain. Posts: 42,320
    edited December 11
    2023
    He's right. Shame more people didn't think about this before November. 



    Trudeau says Americans are realizing Trump's tariffs on Canada would make life a lot more expensive

    Canadian Prime Minister Justin Trudeau says Americans are realizing that "tariffs on everything from Canada would make life a lot more expensive" and says he would retaliate if Donald Trump imposes them


    National headlines from ABC News

    Catch up on the developing stories making headlines.

    TORONTO -- Canadian Prime Minister Justin Trudeau said Monday that Americans “are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive" and said he will retaliate if Donald Trump goes ahead with them.

    Trump later responded by calling Canada a state and Trudeau the governor.

    Speaking at an event put on by the Halifax Chamber of Commerce, Trudeau also said dealing with Trump will be “a little more challenging” than the last time because Trump’s team is coming in with a much clearer set of ideas of what they want to do right away than after his first election win in 2016.

    The U.S. president-elect has threatened to impose a 25% tax on all products entering the U.S. from Canada and Mexico unless they stem the flow of migrants and drugs.

    “Trump got elected on a commitment to make life better and more affordable for Americans, and I think people south of the border are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive," Trudeau said.

    Recent Stories from ABC News
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    02:24
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    On the weekend, Trump appeared in an interview with NBC’s “Meet the Press,” where the president-elect said he can’t guarantee that his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers.

    “Let’s not kid ourselves in any way, shape or form, 25% tariffs on everything going to the United States would be devastating for the Canadian economy," Trudeau said.

    “It would also, however, mean real hardship for Americans as well. Americans import 65% of their crude oil from Canada, significant amounts of electricity. Just about all the natural gas exported from Canada goes to the United States. They rely on us for steel and aluminum. They rely on us for a range of agriculture imports. All of those things would get more expensive.”

    Trump seemed to respond to Trudeau's comments with a post on social media late Monday, in which he noted Trudeau's recent dinner at Mar-a-Lago where some said Trump joked about Canada becoming the 51st state.

    “It was a pleasure to have dinner the other night with Governor Justin Trudeau of the Great State of Canada. I look forward to seeing the Governor again soon so that we may continue our in depth talks on Tariffs and Trade, the results of which will be truly spectacular for all! DJT,” Trump posted on Truth Social.

    If Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation.

    Economists say companies would have little choice but to pass along the added costs, dramatically raising prices for food, clothing, automobiles, alcohol and other goods.

    The Produce Distributors Association, a Washington trade group, has said tariffs will raise prices for fresh fruit and vegetables and hurt U.S. farmers when the countries retaliate.

    “We will of course, as we did eight years ago, respond to unfair tariffs,” Trudeau said.

    Trudeau said his government is still mulling over “the right ways” to respond, referencing when Canada put billions of new duties in 2018 against the U.S. in a tit-for-tat response to new taxes on Canadian steel and aluminum.


    02:24
    Read More

    Many of the U.S. products were chosen for their political rather than economic impact. For example, Canada imports just $3 million worth of yogurt from the U.S. annually and most of it comes from one plant in Wisconsin, the home state of then-Republican House Speaker Paul Ryan. That product was hit with a 10% duty.

    “It was the fact that we put tariffs on bourbon and Harley-Davidsons and playing cards and Heinz ketchup and cherries and a number of other things that were very carefully targeted because they were politically impactful to the president’s party and colleagues,” Trudeau said.

    Trudeau said when Trump says things he means them but they also know Trump is trying to insert uncertainty and “a bit of chaos” into democracies.

    “One of the most important things for us to do is not freak out, not to panic,” Trudeau said.

    “Knowing these would be absolutely devastating means we have to take them seriously but it does mean we have to be thoughtful and strategic and not going around making our opponents arguments for him but making our arguments in a significant and united way."

    Recent Stories from ABC News

    Canadian officials have said it is unfair to lump Canada in with Mexico.

    U.S. customs agents seized 43 pounds of fentanyl at the Canadian border last fiscal year, compared with 21,100 pounds at the Mexican border.

    Most of the fentanyl reaching the U.S. — where it causes about 70,000 overdose deaths annually — is made by Mexican drug cartels using precursor chemicals smuggled from Asia.

    On immigration, the U.S. Border Patrol reported 1.53 million encounters with irregular migrants at the southwest border with Mexico between October 2023 and September 2024. That compares to 23,721 encounters at the Canadian border during that time.

    Trump has also claimed the U.S. is “subsidizing Canada to the tune of over $100 billion a year."

    On America’s trade deficit Canada’s ambassador to Washington, Kirsten Hillman, told the AP U.S. had a $75 billion trade deficit with Canada last year but noted a third of what Canada sells into the U.S. are energy exports and prices have been high.

    About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports as well.

    Canada is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager for and investing for national security.

    Nearly $3.6 billion Canadian (US$2.7 billion) worth of goods and services cross the border each day. Canada is the top export destination for 36 U.S. states.





    Some can sing "We won't get fooled again", and some will sing, "We got fooled again, and again, and again," and then wonder why things didn't work out so well.  Only problem is, almost everybody gets screwed.
    "Pretty cookies, heart squares all around, yeah!"
    -Eddie Vedder, "Smile"

    "Try to not spook the horse."
    -Neil Young













  • mickeyratmickeyrat Posts: 39,360
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • josevolutionjosevolution Posts: 29,952
    2025
    mickeyrat said:
    Damn is there anything that he won’t peddle to his cult! I’m really surprised he didn’t sell picture oops standing by the grave of his EX buried on the golf course 
    jesus greets me looks just like me ....
  • Gern BlanstenGern Blansten Mar-A-Lago Posts: 20,677
    2023
    He'll be selling shit from the oval. trump diet soda, trump hamberders, trump covfefe
    Remember the Thomas Nine !! (10/02/2018)
    The Golden Age is 2 months away. And guess what….. you’re gonna love it! (teskeinc 11.19.24)

    1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
    2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
    2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
    2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
    2020: Oakland, Oakland:  2021: EV Ohana, Ohana, Ohana, Ohana
    2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
    2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana; 2025: Pitt1, Pitt2
  • The JugglerThe Juggler Posts: 49,032
    2023
    He'll be selling shit from the oval. trump diet soda, trump hamberders, trump covfefe
    Nah. I'm sure he will divest from all of his businesses. Right? Right?.....uhhhhh
    www.myspace.com
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