this post was submitted on 03 Mar 2025
233 points (99.6% liked)

News

25601 readers
6573 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

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 47 comments
sorted by: hot top controversial new old
[–] MyOpinion@lemm.ee 21 points 12 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 10 points 6 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 3 points 9 hours ago* (last edited 9 hours ago)

But Elon already brought the sink in

[–] MeekerThanBeaker@lemmy.world 183 points 18 hours ago (7 children)

The dude bankrupted a casino.

A casino.

[–] Litebit@lemmy.world 1 points 1 hour ago

He is not good at managing large organisations, he will use the US to enrich himself and later probably flee to russia.

[–] podperson@lemm.ee 2 points 2 hours ago

Also remember that he failed to sell steaks and alcohol to Americans. 2 separate companies with one product each that we can't get enough of and they both went under.

[–] Lost_My_Mind@lemmy.world 127 points 18 hours ago (1 children)

Not just once, but THREE times.

[–] IMALlama@lemmy.world 55 points 17 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 30 points 15 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 5 points 7 hours ago* (last edited 7 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 18 points 16 hours ago (1 children)

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.

[–] Litebit@lemmy.world 1 points 1 hour ago* (last edited 1 hour ago)

He probably just gave himself a high salary, got even more richer than later declare casinos bankrupt. bank loans, his investors, vendors, staff lose, and he wins. He moves on to the next target. now his target is USA.

[–] iAvicenna@lemmy.world 25 points 17 hours ago (3 children)

house always wins except when the house is owned by Trump

[–] Litebit@lemmy.world 1 points 1 hour ago

Now, that house is the USA.

[–] Litebit@lemmy.world 1 points 1 hour ago

Now the house is the USA.

[–] Litebit@lemmy.world 1 points 1 hour ago

Now the house is the USA.

[–] OhStopYellingAtMe@lemmy.world 20 points 17 hours ago

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

[–] KingGordon@lemmy.world 7 points 16 hours ago* (last edited 16 hours ago) (1 children)

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?

[–] Litebit@lemmy.world 1 points 1 hour ago* (last edited 1 hour ago)

Yup, steal from loans and investors.

[–] SocialMediaRefugee@lemmy.world 16 points 12 hours ago (1 children)

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

[–] JoeBigelow@lemmy.ca 10 points 4 hours ago (1 children)

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

[–] SocialMediaRefugee@lemmy.world 2 points 2 hours ago

I know people who I know for a fact are barely making ends meet yet they always have toys like giant trucks. They have zero financial sense.

[–] werefreeatlast@lemmy.world 4 points 11 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.

[–] Tylerdurdon@lemmy.world 42 points 18 hours ago (2 children)

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

[–] VieuxQueb@lemmy.ca 2 points 3 hours ago

I mean SCP500 trading is closed after a major drop sooooo.

[–] T00l_shed@lemmy.world 27 points 18 hours ago

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

[–] DarrinBrunner@lemmy.world 22 points 17 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 2 points 12 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 18 hours ago (1 children)

So how long until Canada just stops sending them oil?

[–] Tm12@lemmy.ca 22 points 18 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 17 hours ago

There’s a reason for this variant of jesusland

[–] Veedem@lemmy.world 18 points 17 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 47 points 17 hours ago (2 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.

[–] Litebit@lemmy.world 2 points 1 hour ago

make it 35%, 10% extra for the effort to add that one line and do the math.

[–] sampao@lemmy.ml 8 points 16 hours ago

This is the way

[–] jumperalex@lemmy.world 5 points 16 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 11 points 16 hours ago

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

[–] ininewcrow@lemmy.ca 19 points 18 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

[–] atzanteol@sh.itjust.works 6 points 17 hours ago (1 children)
[–] regrub@lemmy.world 2 points 16 hours ago

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

[–] eran_morad@lemmy.world 5 points 17 hours ago
[–] xmunk@sh.itjust.works 5 points 17 hours ago (3 children)

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

[–] Snowstorm@lemmy.ca 6 points 16 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 12 hours ago* (last edited 12 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 11 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 13 hours ago (1 children)
[–] xmunk@sh.itjust.works 1 points 12 hours ago

It'd be fucking hilarious if he did though.