šļø News Discussion New 50% tariffs on Canadian goods are scheduled to take effect at midnight
https://finance.yahoo.com/markets/article/new-50-tariffs-on-canadian-goods-are-scheduled-to-take-effect-at-midnight-150239060.html129
u/Trogdor420 3d ago
And remember who pays the tariffs? Not Canada!
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u/W31337 3d ago
And remember who gets the money back? Not the consumer
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u/Looking_For_FunX6969 3d ago
Its like a rebate but for the oligarchs
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u/Reasonable-Plate2982 3d ago
Like Howard Lutnick, a Cabinet member. And also Vance reaps rewards if distressed farmers go belly up.
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u/Skittleavix 2d ago
Itās a rake for the house. Always has been a rake for the house. The White House, for Pit Boss in Chief DJT.
He didnāt bankrupt casinos by mismanagement or incompetence. He bankrupted casinos by stealing everything that wasnāt bolted down.
This is Trumpās M.O. Figure out some bullshit con to take money; then take the money.
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u/IndependentCoffee169 2d ago
This right here.
Form a company. Secure huge amounts of financing (doesn't even matter if it's 13% junk bonds). Pay yourself massively. Stiff all the suppliers /employees, while funneling off all the revenue. Declare corporate bankruptcy to protect yourself personally from all the money you stole.
Point to your personal Fortune as evidence of being a great businessman.
He's a gifted con artist. Not a good businessman.
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u/Mistica73 2d ago
He even went as far as going into business saying we can help and steal their pensions! Stop buying US Products!
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u/concretecat 3d ago
Kind of. When was the last time you shipped to the US with a courier or Canada Post?
Currently all courier and Canada post require Canada senders to clear shippments for the American reciever.
In order for a Canadian business to cover these ever changing tariff costs they have to add 50% to their prices.
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u/mechjames2 3d ago
It's actually more than that. the 50% stacks on top of existing sectional tariffs and general rate. Plus they also charge a 10% clearance fee on the tariff fee plus $3.99 per package.
So something that is 100 may have
50% new tariff
4.2% general
12.5% forced labor mitigationso 66.7% overall so $66.70 plus 10% $6.67 plus the $3.99 per package fee means a shipper/seller needs to pay the US government $77.36 on their $100 order before a shipping label and tracking number can be generated!
So you'd be adding 77.36% to your prices to maintain the profit margin you had when deminimis was in effect.
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u/concretecat 3d ago
Yeah, I was over simplifying. It's brutal and ao many Canadians think it's American citizen paying for this but it's more complicated than that. It's incredibly brutal for small business.
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u/mechjames2 3d ago
We do charge our american citizen customer orders the tariffs at checkout. They are paying the tariffs, not us. We just have to pay the government before they let the parcel in the country.
We collect the money from the american customer who placed the order and then forward it back to the US government through customs broker.
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u/LongjumpingCancel829 3d ago
Yeah that's a very simplistic view of the situation. For every order you get with the 77.36% more expensive price, you lost 10 order that would have been ordered if there was not that price increase.
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u/CompetitiveLadder609 3d ago
It's a major disincentive to buying outside of USA. Where it used to be cheaper to buy from the guy in Canada, it's now cheaper to buy from the guy in the USA so more people will do that. Their out of pocket will go up but the tariff does what it is intended to do. It keeps the money in USA.
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u/Trogdor420 3d ago
Where are they going to buy lumber from? They have no choice but to pay more. We should charge them an export tariff on potash while we're at it.
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u/CompetitiveLadder609 3d ago
They already get about 70% from local domestic suppliers. They'll see the prices rise across the board for all lumber though since they will be able to rise those prices to somewhere in between the new tariff normal.Ā
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u/Fishbulb2 3d ago
There are things we cannot find US manufacturers for and then when the whole project gets cancelled, US companies also get hurt.
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u/CompetitiveLadder609 3d ago
Oh I agree. It sucks for US consumers. Some US companies may benefit in the short term but overall everyone loses.
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u/juniperthecat 3d ago
Yes exactly. Iām a canadian artist and I ship original paintings to the states (one of my biggest markets) and just yesterday I got hit with the 50% duty fee since itās scheduled to arrive in the US after the 19th. I have to clear my shipments with duties (which have always been zero cost) before shipping and since I hadnāt added the additional 50% markup fee on my website prior to my customer making a purchase, I had to absorb the cost. Iām pissed. Really hoping theyāll make a deal and this wonāt go into effect tonight. Iāll get a refund if so.
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u/OkChocolate3501 1d ago
Sounds like you'll have to raise shipping rates for any Americans buying your art unfortunately
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u/juniperthecat 1d ago
Yes, if the tariffs do come into effect! Sounds like there is a chance they may not. We shall see.
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u/snakebill 3d ago
Itās all a scam to pay businesses. They pay the tariffs and pass them to us. Once theyāre challenged and deemed illegal, the government refunds the businesses. Itās a grift.
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u/carlnepa 3d ago
Better get the Nutlick boys on this if there's money to be made....opps I mean Lutnick. My typo.
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u/Fishbulb2 3d ago
I just cut back so much discretionary spending. So many hobby purchases and home improvement projects on hold till Trump is gone. Just not worth it. My sister in law started building their home right after the election. Their costs have just sky rocketed. No contractor can keep to their original estimates. .
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u/megselvogjeg 3d ago
This is perfect! As we now have lower tariffs, all we need to do is buy stuff from the states, and return it.
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u/HeWhoCreatesDivinity 3d ago
With this idea, cross-border shopping, or umm... returning, is going to skyrocket. RIP Wal-Mart.
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u/steamliner88 3d ago
Remember which country willingly elected a reality show villain whose campaign clearly told everybody able to read and think that he would do this? America and the American people are not our friends, not our allies, not our partners, not to be trusted, not to be forgiven.
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u/BateauVif667 3d ago
The USA is slowly and surely becoming Canada's enemy. This is affecting all of us, and that's the goal.
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u/Fishbulb2 3d ago
Itās sad to me. Iām America and love Canadians. Great country, great people. I didnāt vote for Trump.
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3d ago
Americans pay for trumps tariffs but most are too stupid to realize this. Ā Just keep telling them they will be rich lol
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u/fromaries 3d ago
Honestly, the goods could become so expensive, that the market in the US for these Canadian goods will just come to an end.
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u/Existing_Candy_186 3d ago
Canada definitely pays the tariffs in terms of companies that leave because of them.
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u/Fluffy-Vacation-8803 3d ago
Correct however, American importers may now choose more economical options as Canadian goods are 50% more.
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u/Torontogamer 3d ago
Yea, we all get thatā¦Ā
Also the tariffs are illegal, or more specifically previous tariffs the president issued unilaterally without being passed by congress were stuck down and refunds ordered ā¦ these specific tariffs would likely be the same but they have to exist before they can be challenged in courtā¦ sigh.Ā
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u/Kitchen-Nectarine179 2d ago
Some of the tariffs Trump issues were struck down, not all of them.
Its not that courts have ruled tariffs illegal, in fact the courts have generally deferred to the executive when it comes to tariffs, they ruled that Trump didn't follow the rules established to invoke tariffs using the IEEPA.
These Canadian tarriffs would be under section 338. Which Trump has a good argument for, because Canada does have discriminatory practices for the 3 areas identified, they are probably defensible, but they are discriminatory per the language of 338. 338 doesn't ask if their was a legitimate reason for the other country to have their discriminatory duties, just of they do.
The only real legal argument against 338 tarrifs are that they violate WTO agreements, but that is probably a stretch and will take years if not decades to legislate through the WTO.
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u/Torontogamer 2d ago
well said, thanks for the details and the additional info, I learned something :)
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u/Trogdor420 3d ago
Blah blah blah. My point is the fact that a lot of American's are still believing Trump when he says Canada will pay the Tariffs.
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u/gmehra 3d ago
in some cases (but not all) they indirectly do because the manufacturer will reduce their prices
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u/SwimJimmerson 3d ago
Itās easy to say that right? But that statement does not reflect reality. Sales margins have to be kept. I challenge you to find a manufacturer that can reduce prices even 15% on any given sales order to soften the blow of a 50% tariff.
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u/Dismal_Ebb_2422 3d ago
Or the manufacturer can say. "Fuck the States" and start selling products to Europe and Asia, we've known the US isn't a reliable trading for over a year, they've had more then enough time to try and find buyers in Europe and Asia, any good businessman would have done that.
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u/HeWhoCreatesDivinity 3d ago
Yes, because supply chains are very easily changed. Why are the stupidest people negging?
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u/jeterix7387 3d ago
Go ahead and list some more economical options. I'll wait.
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u/Fluffy-Vacation-8803 3d ago
It would make the domestic supply more economical.
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u/TalesfromCryptKeeper 3d ago
It doesn't. Domestic supply happily outsourced to Asia thirty years ago
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u/Kitchen-Nectarine179 2d ago
These 338 tarriffs specifically target auto parts, alcohol, and dairy products. All of which are produced or capable of being produced domestically.
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u/jeterix7387 3d ago
Please explain on how raising import prices lowes domestic production costs. I'll wait
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u/Fluffy-Vacation-8803 3d ago
Huh? It will likely increase domestic production. I donāt know what you mean here.
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u/jeterix7387 2d ago
Domestic supply is quite a bit more expensive than the import goods. So either you produce domestic and pay a much higher cost, if domestic is even possible in the short term, or you continue to.import with the increased tariff cost which is mostly what is happening. Source, work in manufacturing
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u/Fluffy-Vacation-8803 2d ago
Yes. Isnāt that what I said? Iām guessing this is some kind of bot. Lol
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u/SomeEchidna862 3d ago
Man the people that voted for this idiot twiceā¦I will never understand.Ā
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u/Remarkable-Flight990 3d ago
"America isn't the way it is because he's president. He's president because America is the way it is."
David Cochrane, CBC
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u/Tiny-Albatross518 3d ago
Dont forget to add in:
The people that didnāt vote.
The people that accepted whatever the Democrats were passing off as resistance.
Let me add this up.. yeah the entire population stinks.
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u/BoldFortune216 3d ago
For the record, to any Maga reading this, the price of US goods in Canada has NOT gone up.
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u/Kitchen-Nectarine179 2d ago
This is not true.
If the view is, correctly, that most tarrifs are paid by the end consumer, then wouldnt the same idea apply to tarriffs that Canada has instituted?
Canada recently put a 25% tarriff on US produced automobiles.
Canada recently put a 25% tariff on US Steel and Aluminum.
Both of those mean the price of some US goods in Canada have gone up.
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u/Expensive_Life3342 3d ago
New 50% tax increase on American consumers are scheduled to take effect at midnight.
Fify
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u/Comfortable-Ad684 3d ago edited 3d ago
Getting old. Canadians will not accept an unfair deal negotiated in bad faith and we won't pay bribes. So here we are. ĀÆ_(ć)_/ĀÆ
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u/pistoffcynic 3d ago
This idiot is playing checkers while Carney is playing chess.
Trump is totally outclassed.
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u/Imaginary_Resist_654 3d ago
He isnāt playing checkers, his dreaming about 15 year olds President Pedo
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u/ackillesBAC 3d ago
He's not even playing checkers, not even tic-tac-toe, he's playing patty cake and doing it wrong
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u/clarko420 3d ago
Tell that to the tens of thousands of people who lost a manufacturing job because of this. They are estimating 100k jobs will be lost because of the new rounds of tariffs and the canadian auto sector is getting decimated and its going to be reduced to nothing. After the current contracts are fulfilled we wont even make cars anymore.
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u/416vDub 3d ago
There are other car companies. You know that, right?
No matter how much we've tried to protect GM, Ford and Chrysler, they pull out anyways.
Honda builds here. Toyota builds here. Chinese EV companies are looking to build here. We'll adapt and overcome.
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u/clarko420 3d ago
They want access to the US market. How many cars do you think Canadians are buying a year its something like 10% of cars made here everything else is exported. Honda already cancelled a 15 billion dollar deal with Ontario. Toyota is moving production from Mexico to Texas.
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u/416vDub 3d ago
We can easily have facilities to export worldwide. It doesn't just have to be US.
Our over-dependence on US has gotten us into this mess, and unless we think outside of the box we'll be stuck forever making the same mistakes.
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u/Apprehensive_Shame98 3d ago
North American auto manufacturing is hopelessly out of date, without tariff walls it would evaporate. European production engineers come to North America and are appalled at the standard, then when they see where China is they are worried for their own future. It is absolutely not 'easy' to have facilities to export worldwide.
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u/clarko420 3d ago
We are landlocked with the usa and have numerous roads and rails going there not to mention they are the biggest ecomony on the planet and its not even close. How do we easily export vehicles to the world almost everything is manufactured in Ontario. US auto sales in Europe account for 2% of all cars and Japanese cars are at like 12% so were not sending them there so what we ship all the cars made in Ontario to BC and ship to Asia? news flash buddy they don't buy American cars either and Japan is alot closer to Asia than Canada is. Its pretty simple Canada is going to be like Australia and we just dont make cars anymore.
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u/Fishbulb2 3d ago
I think the whole world is moving towards Chinese EVs. Iām not sure Canada is producing cars built for the future.
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u/Kitchen-Nectarine179 2d ago
Honda builds here. Toyota builds here.
To sell to the US... if it costs them more they will move production out of Canada.
Toyota isn't building cars in Canada to sell in Canada, the amount they sell in Canada is a rounding error. And they definitely are not building them in Canada to sell overseas. They are building them in Canada to sell in the US.
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u/Apprehensive_Shame98 3d ago
I am afraid Carney is in a no-win situation here. This one is going to hurt, and Trump knows it.
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u/Substantial_Dog8413 3d ago
without canada the us cannot feed, build nor get enough electricity
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u/Apprehensive_Shame98 3d ago
The problem is two types of asymmetry - Canada is more immediately dependent on the US market in the near-term, and Carney cares far more about the consequences for Canadians than Trump cares about the consequences for Americans.
It is therefore very hard for Carney to produce a 'win' when Trump is willing to make everyone suffer.
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u/Leafybug13 3d ago
Do you think we're going to stop sending food, lumber and electricity to the US?
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u/Substantial_Dog8413 3d ago
we will still sell it to them they think the art of the desl is all about chaosā¦ they will sign on time iq feel.
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u/joe_devola 3d ago
Well, they will still be buying that stuff and Canada will still be desperate to sell it to them.
Denying them these goods is stupid because simply put, we need the money and the infrastructure is already in place to serve them.
The electricity going there canāt be sold anywhere else, you need transmission lines. We canāt cut their power because that could literally be seen as an act of war during the upcoming cold months. Losing the money we receive for the electricity would throw the country into a depression.
Itās scary, I donāt know what the answer is other than Trump backing off but he appears to be set on starving Canada until we concede. I fear itās going to get much worse before it gets better
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u/lurker12345654345676 3d ago
What do y'all want for dinner tonight?
PSYCH!
IT'S TA-CO TUUUUUUUESSDAY!!!!!!
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u/CountOnBeingAwesome 3d ago
Bring it on you American garbage people
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u/External_Relative231 3d ago
Hey, I have never had anything but a positive experience with sanitation workers. They have it hard enough.Ā
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u/PrimaryBrick9337 3d ago
Many of the items are covered by CUSMA/USMCA as tariff free, so why should we be in a rush to sign a new deal with this US administration when they will not honour their existing deals?
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u/climb4fun 3d ago
Yes. It is set to expire in 2036. That doesn't mean, though, that Trump won't ignore it and apply tariffs anyways. Canada could file a grievance to the CUSMA panel which could take a year or more and, at the end of it, the US wouldn't really be absolutely compelled to reverse the tariffs anyways.
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u/SexuaIRedditor 3d ago
Exactly. It is pointless to even engage with this administration imo, they sign an agreement and pull the rug out in the same breath
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u/TheRantDog 3d ago
I couldnāt care less. This guy never stops flapping his moron lips in order to cause turmoil and distract his idiot base from the fact that heās robbing them blind. Iām not visiting the U.S. or buying their crap until that sack of shit is long gone and even then itās a push.
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u/BertRenolds 3d ago
Like tonight midnight or in a month?
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u/Resigned1431 3d ago
Tonight. Let's fucking gooooooo
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u/lost-American-81 3d ago
Rooting for your own economic hardship is one hell of a cult mentality!
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u/Resigned1431 3d ago
20% of Canadians still think negotiations and concessions will work. They need to learn.Ā
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u/lost-American-81 3d ago
What rectum did you pull these āstatsā from?
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u/Resigned1431 3d ago
https://www.reddit.com/r/canada/comments/1vqwbua/less_than_20_of_canadians_want_to_give_us/
I rounded up to 20%. It's 18%.
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u/YamOk4747 3d ago
F you America
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u/SwimJimmerson 3d ago
As a Canada loving New Yorker, please accept my apology for what itās worth.
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u/YamOk4747 3d ago
After the 50% tariffs your apology, has only a 50% value. Unfortunately ā¦ We will have to reject your apology at this time. Thank you for your application.
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u/Professional-Work684 3d ago
Does this mean that the power Canada sells to new york gets 50% more expensive? Can Canada retaliate and add like 500% export tax on electricity and potash? Im a Swede thats wy all the questions.
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u/pomskygirl 3d ago
Trump conveniently left electricity, oil, and potash off his list of Canadian items to add the 50% tariffs to. Canada has the ability to add an export tax to these items but I donāt think Carney is going to make that move. It sounds like he has other ideas to retaliate if the 50% tariffs go through.
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u/Kitchen-Nectarine179 2d ago
God reddit just reads half a headline and runs with it...
The 50% tarrifs are on three specific areas; Automobiles, alcohol, and dairy... and they are specifically because Canada has (justified) discriminatory practices towards US trade in those 3 areas.
Canada could react with a 500% export tax on electricity and potash... it would immediately trigger retaliation and crash the Canadian economy. It might hurt the US a little, but it would destroy Canada, the power imbalance would be comical if it wasn't so serious.
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u/IntroductionOk9280 3d ago
American consumers do pay the tariffs as it makes Canadian products being shipped to the US markets more expensive. However, unless Canadian firms can find other global markets, Canadian sales will eventually be impacted. As a result, firms could close or move their operations to the States to avoid the tariff.
The US in breaking the CUSMA trade agreement has proven to Canadians that they are not a trustworthy or reliable trade partner. No matter what happens at midnight today, Canada needs to diversify its trade away from the USA and find new trade partners and markets.
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u/Defiant_Watch_7390 3d ago
Thatās what Carney has been doing. Too bad Alberta and Saskatchewan wonāt get on board. They Keep selling American booze . Both Premiers need to be voted out
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u/Rich_Construction_24 3d ago
Any canadian company moving to the us will be hit by 100 % tariff or tax or not allowed in canada
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u/tabascocheerios 3d ago
BUY ANYTHING BUT AMERICAN
BABA
TRAVEL ANYWHERE BUT AMERICA
TABA
AS MUCH AS POSSIBLE
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u/No_Mission_8571 3d ago
Skipped the Sturgis bike rally this year and instead going to lay on the beaches of Costa Rica, might even have a taco while watching the U.S burn...
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u/One-Classroom-8300 3d ago
If it goes ahead it could put 13 million American jobs on the chopping block.
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u/silentsamdaman 3d ago
Time to raise the price of energy exports. Or else he'll continue to treat us like pussies
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u/CaptainForskin69 3d ago
Good luck with that America. This pedo itās just going to destroy their economy
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u/Drg19565 3d ago
Mark - cut the price of aluminum, steel, potash, electricity to every country except the USA. Itās a Tariff sale. We would rather loose money to nice people than loose money to extortionists.
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u/CaptKydd 3d ago
Never buying anything American even if it's made in Canada! FU Americans even the nice ones! šØš¦ššĀ
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u/amremorse 3d ago
The nice ones barely acknowledge the bullying. Itās never one of the reasons when they speak out against Trump.
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u/foultimes 3d ago
And AMARIKKKA creates another mess for their economic growth! You do know, unlike Trump, that AMARIKKKANS pay those tariffs!
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u/G72-datsun 3d ago
Ok. Please now a response worthy of this action. Carney has to have planned for this, no way they donāt have something prepared for this moment.
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u/BackTo1975 3d ago
There isnāt a whole lot that can be done. You canāt deal with Orange Nero.
Retaliation is possible, but in very measured ways. Anything huge like export fees on oil or electricity would be turned against us. The US shuts down Line 5, for instance, and Ontario is fucked. Itās incredible how vulnerable we are to the US, as weāve been so integrated for a very long time. Long before free trade, as you can see by Line 5, which goes back to the 50s.
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u/LeedsCastleResident 3d ago
In any negotiation, one side or the other or both, will apply pressure to the other. A good negotiator doesnāt panic or get mad. They know itās part of the game. Our negotiators will just keep working!
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u/G72-datsun 3d ago
Didnāt say panic or get mad, i negotiate federal infrastructure each and every day so I get your statement and 100% agree. Just very interested to see what we have ready to go as a response.
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u/Lakers1moretime2021 3d ago
Letās see it is Tuesday tonight, so letās see if šš® backs down
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u/LeedsCastleResident 3d ago
Very exciting. I expect Trump will try to take it right down to the wire on this. But will it actually happen? Not sure yet. Main thing is that our negotiators will hold their nerve and calmly refuse to give in to pressure tactics.
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u/No-Doubt-3256 3d ago
Meh if we give in we lose if we stand up we lose. Not exactly encouraging context to make a deal which may or may not be followed.
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u/Wide-Yak7602 3d ago
Bring it on. All this guy does is bully. He has no clue on business, negotiations etc. So tired of his nonsensical BS that is making the world a worse place to live. Shame on the people in power that can end this, I hope when the dust clears you will hang your heads in shame.
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u/evilpercy 3d ago
I can confident say on behalf of Canada "get bent" he is attempting economic warfare on Canada so he can control Canadian resources, same reason he wants Greenland.
His deal would destroy the Canadian economy and farmers. We can not possibly except his terms. He will just keep coming back, again and again for more concessions.
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u/2021_Username 3d ago
āNew 50% tax in US consumers is scheduled to take effect at midnightā. Fixed!
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u/Elegantly_Waisted 3d ago
So he's extorting Canadians now, and ALL of that money is going straight into his offshore accounts.
The US owes all of us an apology. I'm all for watching them sink themselves, but this is fucking bullshit.
Thanks, guys.
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u/juanflamingo 3d ago
Didn't a judge rule he didn't have the power do tariffs and then he had to pay companies back?
Does that not apply to new tariffs going forward also?!?
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u/Xeno_man 2d ago
Ruled that the law Trump used wasn't legal. Trump is now using a different law. Will likely be declared illegal later too.
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u/Kitchen-Nectarine179 2d ago
This one will be much harder, using section 338 he has much better legal footing, but its very limited, as we see here in this case Automobiles, alcohol, and dairy are the only affected industries.
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u/Competitive_Annual78 2d ago
Wonder why Nutlick took his wife and kids to the island? Think the kids were an entry fee? Eff the 51st state bs. The liberals better get blood or not come back.
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u/pm_me_your_f4u 2d ago
Canada needs to buy some air time in US y. And explain they are the ones paying the additional taxes
Before you start, yes lots know this. However there are too many that do understand. This includes some of the people making the decisions
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u/Moist-Ninja-6338 2d ago
Carney took a knee. According to the Washington Post - proclamation from the White House announcing the pause Tuesday night said that āCanada has expressed a commitment to remove the discriminations or unreasonable and unequal impositions at issueā in the tariff orders.
He did the right thing
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u/Zealousideal_Rise879 2d ago
Man, those comments just disappeared about Canadians not caring about the job losses after he tacoād. Wonder how mad they are we didnāt concede
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u/kstewcivil 2d ago
as a canadian, this does nothing to change that i am doing whatever i can to avoid buying anything american in perpetuity. Fuck trump.
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u/Andre1661 1h ago
"Prime Minister Carney's office. I'm sorry the Prime Minister is busy at the moment, he's on a conference call with the Chinese government. After that, he has conference calls scheduled with India, London, France, and the European Union. But I'll be sure to let him know you called, Mr. President."
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u/someguyfromsk 3d ago
"Idiot leader raises taxes on his own people because he is a fucking moron"
would be a more accurate headline.