this post was submitted on 03 Mar 2025
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cross-posted from: https://lemmy.zip/post/33238139

President Donald Trump says 25% tariffs on imports from Mexico and Canada will start Tuesday, sparking renewed fears of a North American trade war.

Archived version: https://archive.is/20250303202704/https://apnews.com/article/trump-tariffs-mexico-canada-b19e004dddb579c373b247037e04424b


Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

top 37 comments
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[–] MyOpinion@lemm.ee 13 points 8 hours ago (2 children)

Many of the cars MAGA buys are not made in the USA. They are going to go up 25%. Wait tell that sinks in.

[–] Krik@lemmy.dbzer0.com 4 points 2 hours ago

Some car parts travel across the US/CAN border six to seven times. The price increase will be much higher than 25%.

I wonder if it's true that the US car production will grind to a halt within a week as some analysts say. That would be huge!

[–] MrScottyTay@sh.itjust.works 2 points 6 hours ago* (last edited 6 hours ago)

But Elon already brought the sink in

[–] SocialMediaRefugee@lemmy.world 12 points 9 hours ago (1 children)

Wait until the Trumskers find out the giant trucks they adore are now beyond their financial grasp.

[–] JoeBigelow@lemmy.ca 1 points 1 hour ago

They always have been, you should see the lease terms on some of these pavement princesses

[–] MeekerThanBeaker@lemmy.world 172 points 14 hours ago (5 children)

The dude bankrupted a casino.

A casino.

[–] Lost_My_Mind@lemmy.world 118 points 14 hours ago (1 children)

Not just once, but THREE times.

[–] IMALlama@lemmy.world 49 points 13 hours ago (1 children)

At first I thought you meant one casino three times. It looks like it was three different casinos with one bankruptcy each. I am not sure which is worse...

[–] Lost_My_Mind@lemmy.world 25 points 12 hours ago (1 children)

Just remember. The house always wins. Unless you fuck up so hard you go bankrupt.

Guess he only had concepts of a business plan.

[–] Alwaysnownevernotme@lemmy.world 2 points 3 hours ago* (last edited 3 hours ago)

*money launder so nakedly that if the government did the absolute bare minimum of casino regulation you would spend the rest of your life behind bars

[–] jumperalex@lemmy.world 15 points 12 hours ago

So here's the thing, I am 99.99% with you on your sentiment.

But then I have to ask myself, "HOW TF is that even possible? Or was there more to it? Was that the plan ? Did he gain something bigger from doing it?"

I'm not saying he's some genius we just can't comprehend. I'm saying he's a criminal and I wouldn't put anything off the table.

But yeah, he's probably just that shitty at business; but still? I hate this timeline.

[–] iAvicenna@lemmy.world 23 points 14 hours ago

house always wins except when the house is owned by Trump

[–] OhStopYellingAtMe@lemmy.world 17 points 14 hours ago

The dude let a Russian money laundering front go bankrupt once it was no longer viable.

[–] KingGordon@lemmy.world 6 points 13 hours ago* (last edited 13 hours ago)

So I havent looked into this at all. Is it possible the bankruptcy was a way for him to steal his investors money and get away with it?

[–] Tylerdurdon@lemmy.world 39 points 14 hours ago (1 children)

And the market crash will begin right around that time too. Yay!

[–] T00l_shed@lemmy.world 26 points 14 hours ago

Makes it easier for black rock et al to scoop up what's left of the housing market

[–] werefreeatlast@lemmy.world 2 points 7 hours ago

He face reminds me of fried chicken. I'm vegan now. So it's like the fried chicken my kids leave on the counter to dry rot naturally.

[–] DarrinBrunner@lemmy.world 18 points 13 hours ago (1 children)

Super glad we put Trump in office so he could make Mexico pay tariffs and bring down food prices. Feels so good to be owning the libs.

/fucking sarcasm

/SMDH

[–] SocialMediaRefugee@lemmy.world 1 points 9 hours ago

His worshippers are like people dying on a boat, lost at sea. "There! I see a ship!....no wait..."

[–] RisingSwell@lemmy.dbzer0.com 22 points 14 hours ago (1 children)

So how long until Canada just stops sending them oil?

[–] Tm12@lemmy.ca 20 points 14 hours ago (1 children)

There’s contention between oil-providing Alberta vs Federal government at play. If it was up to AB and their provincial gov, they would become the 51st state.

Attempting to catch a whiff

[–] zqwzzle@lemmy.ca 6 points 13 hours ago

There’s a reason for this variant of jesusland

[–] Veedem@lemmy.world 15 points 14 hours ago (2 children)

I work for a company that has a lot of trade with both countries. Owners are already talking about the possibility of needing to raise prices to account for the tariffs. The plan appears to be to try to hold the line, but this well to do but family owned business can only hold that line for so long.

[–] yunxiaoli@sh.itjust.works 39 points 14 hours ago (1 children)

Keep prices the same but add a blanket 25% fee on any bill/invoice with a name like "Trump government fee".

If large corpos can do it for legitimate taxes they themselves should pay, there's no reason companies can't do the same for these tariffs.

[–] sampao@lemmy.ml 7 points 12 hours ago

This is the way

[–] jumperalex@lemmy.world 5 points 12 hours ago

Hell there are businesses already building a local stockpile of raw materials and part; been doing this for MONTHS. Other's not accepting long-term contracts that might bankrupt them if they are caught having to fulfill them post-tariff.

This all adds to the cost of doing business even if the tariffs never happen. Guess who pays since most everyone has to do it (read: there's no competition when all the players pay the vig!)

[–] JollyG@lemmy.world 8 points 12 hours ago

I'm no economist, but this seems like a really bad idea.

[–] ininewcrow@lemmy.ca 17 points 14 hours ago

Yeah .... can't take Turnip's or America's word for anything any more ... it's just a land of rage, anxiety, lies and stupidity .... from it's politicians and it's people

[–] eran_morad@lemmy.world 6 points 13 hours ago
[–] atzanteol@sh.itjust.works 5 points 14 hours ago (1 children)
[–] regrub@lemmy.world 1 points 12 hours ago

Or just keep pushing it back another month because of how bad of an idea it is

[–] xmunk@sh.itjust.works 4 points 13 hours ago (3 children)

I look forward to the response to his upcoming visit to Alberta.

[–] Snowstorm@lemmy.ca 5 points 12 hours ago

This Alberta visit… it gives me the same feeling i got before Zelensky’s recent visit to the white house. Too good of a showmanship moment not to stir drama. Anybody else sharing my concerns?

[–] OutlierBlue@lemmy.ca 1 points 8 hours ago* (last edited 8 hours ago) (1 children)

~~visit to~~ annexation of Alberta.

There is 0% chance he will allow the oil/gas to stop flowing. The visit is just like his meeting with Zelensky. It's to manufacture a reason for his aggression. Once the country is cut in half we're divided and lose access to goods from both coasts. The eastern portion would be restricted to cheap goods from Asia except through him. Economically we'd take a huge hit, and it would be easy for him to mop up the remainders.

[–] xmunk@sh.itjust.works 2 points 7 hours ago

He's coming to Alberta for a G7 meeting (possibly). And I wouldn't be so pessimistic about the future - Canada is pretty unified in maintaining our sovereignty.

[–] Windex007@lemmy.world 1 points 9 hours ago (1 children)
[–] xmunk@sh.itjust.works 1 points 9 hours ago

It'd be fucking hilarious if he did though.