pull down to refresh
0 sats \ 3 replies \ @Cje95 OP 11 Mar \ parent \ on: Trump's Move of The Day... Going After Rep. Massie Politics_And_Law
Yeah so ummm I got a meeting I have to go to but long story short Canada was looking to become to big exporter to the US with us having tariffs on Japanese steel and aluminum but Trump shut it down. The imports you see are not true imports because it crap going back and forth over the border... essentially the stock comes into the US then it gets flattened in Canada then its back in the US for cutting then back to Canada for something else and back to the US again. The net import is nada.
Similar to dairy Canada has also maintained tariffs on US steel and aluminum to prevent the US from gaining to much market share. Canada has since NAFTA maintained tariffs on Dairy, Eggs, Poultry. They dont really have a free market economy due to the supply management they enact and thus use tariffs and quotas to keep countries out.
So in other words... Canada doesn't export 'as much' to the US... because those goods or services move back and forth across the border repeatedly in the manufacturing process anyway?
I know that some folks will take to Mr Trump's side (in terms of policy or politics)... but I cannot see how high tariffs on imports help Americans in any way
reply
reply
if we got rid of income taxes in the United States the deficit would explode. Bitcoiners would be fine (I guess) but interest rates would go through the roof at the explosion of debt and deficit.
How and why people can advocate for this I still don't understand. If there were no 'income taxes' either hyperinflation would result (through yield control by the central bank) and/or interest rates would skyrocket as bondholders wanted higher yields for American debt.
Asset holders would 'be fine' maybe but it is fiscally unsustainable.
reply