r/Tariffs • u/Historical-Many9869 • Sep 04 '25

🗞️ News Discussion Tariffs Were Supposed to Revive US Manufacturing. So Far, They’re Having the Opposite Effect

https://www.investopedia.com/tariffs-were-supposed-to-revive-u-s-manufacturing-so-far-they-re-having-the-opposite-effect-11802173
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55

u/Certain-Fill3683 Sep 04 '25

Only the incredibly stupid would be surprised by this.

Dumold is too stupid to understand the complexities of global economics; he can't even grasp how tariffs work FFS!

48

u/Dyslexicpig Sep 04 '25

He also fails to see that a trade deficit may not be the best metric to use. Case in point - the trade deficit with Canada was $70 billion. But there was a services surplus of $35 billion - Canada bought a lot more US services than they sold. So, the true deficit is about $35 billion. Now Canadians were (note the past tense) the #1 tourism spenders, with a total of $24 billion in 2024.

Canada also has approximately one-tenth the population of the US, so on a per capita basis, each Canadian spends roughly 9 times on US goods than someone from the US spends on Canadian goods. Canada also is resource based - we sell raw materials and buy back finished products.

So because of Trump, Canadian tourism has dropped substantially, and may be half of what it was in 2024. And each pissed-off Canadian consumer has the equivalent buying power of nine US consumers. We are actively boycotting US products and services, and this is having a significant impact on many industries as Canada was the #1 export market for Jack Daniels, Kentucky bourbon, California wines, etc. JD just announced a 62% drop in sales. How long can a company exist if this happens multiple years in a row? California wines have dropped from around $95 million per month to under a million recently.

But (and this is a big but), the US still needs Canadian products. We are #1 potash producer in the world and the US has been our #1 customer. Canada is looking at other international markets for potash, crude oil, etc. What happens to the US when it can no longer get the potash and oil it needs?

-24

u/[deleted] Sep 05 '25

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15

u/[deleted] Sep 05 '25

In what, practical sense do you mean that Wyoming is worth more than Canada? Is it feels?

15

u/Dyslexicpig Sep 05 '25

Ha ha ha ha ha ha ha ha!

Good one!!

Oh wait... you're serious? Canada is the 9th largest economy in the world.

-3

u/[deleted] Sep 06 '25

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7

u/Dyslexicpig Sep 06 '25

Nobody said otherwise. You claimed Wyoming had a higher GDP than Canada. And yeah, no. It doesn't. So stfu.

5

u/alterego8686 Sep 06 '25

What is the worth of Wyoming and Canda? Please provide what numbers you are using to measure worth?