Writes Trump on Truth Social.
President Trump Participates in a Bilateral Meeting with the Prime Minister of Canada, May 6, 2025 https://t.co/GE1pY6Dws7
— The White House (@WhiteHouse) May 6, 2025
May 6, 2025
"I look forward to meeting the new Prime Minister of Canada, Mark Carney. I very much want to work with him, but cannot understand one simple TRUTH..."
"Why is America subsidizing Canada by $200 Billion Dollars a year, in addition to giving them FREE Military Protection, and many other things? We don’t need their Cars, we don’t need their Energy, we don’t need their Lumber, we don’t need ANYTHING they have, other than their friendship, which hopefully we will always maintain. They, on the other hand, need EVERYTHING from us! The Prime Minister will be arriving shortly and that will be, most likely, my only question of consequence."
Writes Trump on Truth Social.
Writes Trump on Truth Social.
Posts
139 comments:
Clearly, the Dale Carnegie training hasn't taken hold.
The media eagerly await the moment where JD Vance feels Carney is not being sufficiently grateful.
I don't think he's quite right about the energy, at least not under the present arrangements. Don't Northern New England and upstate New York get a lot of juice from Quebec Hydro?
Carney: "It's It's it's not for sale, won't be for sale, uh, ever."
Trump: "Never say never!"
I'm no expert - but we do need their energy and lumber.
and their maple syrup. Come on, man.
Why relent before the discussion has even taken place? No one does business that way. Plenty of time for Kumbayah later.
Trump is actually providing Carney with an out with his electorate.
Tell the refineries in Texas that we don’t need their oil.
This idiotic economic policy is motivated y the fact that the President of United States is convinced that an American company purchasing products from a Canadien company means that American taxpayers are subsidizing Canadiens.
This is why Trump has decided that Americans need to be poorer.
I am sorry - that is just plain stupid and if you are one of the very few people who actually believe this then you are stupid as well and should face total and unrelenting mockery for your abject stupidity until the day you die.
Maple syrup? Vermont can do that. Refineries in Texas can refine whatever, from wherever. Did the Gulf of America close to oil imports? Asking for a friend.
Just think - if the Big Buffoon had not spent the last 5 months mocking Canada he would be meeting with a pro American leader today.
AMDG : This idiotic economic policy is motivated y the fact that the President of United States is convinced that an American company purchasing products from a Canadien company means that American taxpayers are subsidizing Canadiens.
I may be missing something here, but isn't Trump's point that the trade balance between the US-Canada (as well as our other trading partners) puts the US at a disadvantage?
E.g., in 2022, the United States had a trade deficit of $78.2 billion with Canada. U.S. exports to Canada totaled $359.2 billion, while imports from Canada reached $437.4 billion.
Skeptical Voter said...
Maple syrup? Vermont can do that. Refineries in Texas can refine whatever, from wherever. Did the Gulf of America close to oil imports? Asking for a friend.
5/6/25, 12:01 PM
——————————-
Another Juche loving commie retard outs himself.
Total waste of a meeting but Carney had to go through the motions. Trump takes a photo op and turns it into a press conference without even having discussed issues first.ASS BACKWARDS. Trump says a "reliable source" told him Houthis stopped fighting,,,,bullshit if you believe that,they dont even know where to bomb because they constantly move and they have already said its a HOLY WAR. What did they find religion and its done now. WAKE UP what a brain dead announcement with no red check mark ,just ramble.Its always best to tell your"friends" you dont need thenm they only need you and its what I say not about an agreement. There will be no trade deal between Canada and America other than the one trump already did. China will be responsible for the market plunge coming up This fella trump is in over his head, hopefully they have something for lunch Carney likes cause aint nothing else happening..Canada aint for sale,neither is Greenland Or Mexico or the canal..This guy should just do what he said he was gonna do lower prices and stop the war..I would not be surprised to see the new war with IRAN coming up this guy got nothing to lose might as well go out with a bang..Next up have to subsidize frmers again because of his dump plans,especially after telling Carney he dont need no stinking potash.What a hump is that mr trump :)
How is Carney going to bridge the gap in intelligence? Would he bring crayons with him?
Trump is the one facing the difficult conversation. He needs to learn that a trade deficit is not a subsidy but the result of buying things on the free market. Which the actors in each country are free to do or not to and for which they get value. There's no sense repeating the whole subsidy idea is breathtakingly stupid.
If Trump and Vance replay their Beavis and Butthead act with Zelensky tactics — Carney should switch to speaking in French.
R C Belaire said...
AMDG : This idiotic economic policy is motivated y the fact that the President of United States is convinced that an American company purchasing products from a Canadien company means that American taxpayers are subsidizing Canadiens.
I may be missing something here, but isn't Trump's point that the trade balance between the US-Canada (as well as our other trading partners) puts the US at a disadvantage?
E.g., in 2022, the United States had a trade deficit of $78.2 billion with Canada. U.S. exports to Canada totaled $359.2 billion, while imports from Canada reached $437.4 billion.
5/6/25, 12:11 PM
———————————
So what? Nobody has ever explained why trade deficits are necessarily a bad thing.
Riddle me this Batman - what happens to all those US Dollars that Canada has allegedly stolen from us?
Watching the meeting I had a reoccurring thought. I’m so glad Kamala isn’t President.
Trump thinks countries are up for sale like his ethics and soul have been. Sadly, the only thing that seems to be for sale is Trump, his cronies and the US congress.
Isn't he properly the " Kings Prime Minister *for* Canada"?
Not prime minister *of* Canada.
John Henry
AMDG--come back to me re what Texas oil refineries do or don't need when, like me, you've first spent 15 years as a refinery lawyer. Now those Texas refineries-and particularly ones over in Louisiana might like some of that heavy Venezuelan crude. Along with Rotterdam they have the world's largest coking capacity--aimed at heavy and sour crudes. They were designed for that sort of crude. Canadian crude tends to be lighter and sweeter. They can refine it--but that's not what they were really designed for. Opening one's mouth without foundational knowledge can reveal holes in one's head.
Carney is the worst type of corrupt bankster, who engineered the bailout policies, a net zero proponent a groveler to Xi,
Hassayamper
Many many gigawatts of power to new England from Quebec Hydros James Bay project.
It drowned many millions of acres of indigenous people's homeland. But none of the deep thinkers give a shit about that.
The project was also the primary cause of the "acid rain" bougalieu back in the 70s
John Henry
@ Skeptical voter
Trump: tariffs!
Adviser: okay but recession.
Trump: yes but lower interest rates.
Adviser: still job losses and less global demand.
Trump: so what? we'll bring production back and drill baby drill.
Adviser: that will take time and the oil price is set by global demand.
Trump: good. Cheap gas for my voters. That was my campaign.
Adviser: well yes but our producers won't drill at low prices.
Trump: so what we won't get US oil and cheap growth?
Adviser: not with low oil gas prices, no.
Trump: and no tariffs either?
Adviser: they won't help.
Trump: Biden!!!
The oil & gas industry will just be another US industry devastated by Trump. Production will decline because of falling prices and demand.
Falling oil prices = lower inflation.
Tariffs = higher inflation.
Result is no interest rate cuts for Tariff Man.
" He needs to learn that a trade deficit is not a subsidy but the result of buying things on the free market. "
Whether or not the market is free needs to be analyzed on a country by country basis. In a lot of cases, it's not.
Carney wants Canada's door wide open for migrants, but has neither the jobs nor housing for them. What he does have is a long, unfortified, permeable border with the USA.
powell's interest rate formula is just bonkers, the lower borrowing amounts driven by lower expenditures should have some impact,
Well at least Carney can't speak french, so he has that going for him
Again Kak-a-Phony
Biden-corruptocrat Covid Stimulus checks caused more harm and expansion of INFLATION - than anything Trump is even talking about.
Democrat plan is to buy voters and screw over future generations.
Well, we do need good hockey players.
Carney is a far leftie. Trump is softening up the target with artillery.
The oil & gas industry will just be another US industry devastated by Trump. Production will decline because of falling prices and demand.
You read it here first, folks!
I'm thinking this will work out like kak's prediction of the end of the world and the bottom falling out of the market, last month, and the month before...
Dinky, AMDG, and Kaka...you assert (with contrary evidence) that the markets in question are "free". They are not. And thus the discrepancies in foreign tariffs on U.S. goods contribute directly to the trade deficits.
Argue better.
Original Mike said...
" He needs to learn that a trade deficit is not a subsidy but the result of buying things on the free market. "
Whether or not the market is free needs to be analyzed on a country by country basis. In a lot of cases, it's not.
5/6/25, 12:54 PM
———————————-
The key point is that a trade deficit is not a subsidy.
Trump’s entire justification for tariffs is based on a fallacy.
What does Canada do with all those dollars that they “rip off” from us?
"Carney should switch to speaking in French."
He doesn't. Or very poorly. It was contentious during the election.
planetgeo said...
Dinky, AMDG, and Kaka...you assert (with contrary evidence) that the markets in question are "free". They are not. And thus the discrepancies in foreign tariffs on U.S. goods contribute directly to the trade deficits.
Argue better.
5/6/25, 1:34 PM
———————————
I have never argued that all trade is free. I would argue that true free trade is good.
Given that:
1. Why are trade deficits necessarily bad?
2. What happens to the US dollars that Canada allegedly “rips off” from us?
"Dinky, AMDG, and Kaka...you assert"
There's no thought to it, so no need to read. If Trump says UP, they say DOWN. It isn't thoughtful or thought provoking at all.
Just noise. Lots and lots of noise.
He’s not wrong. Other than the lumber. The Dems killed the lumber industry in the US.
As shown by the comments, the new Far-left Democrat "Party line" is to attack Trump tarriff's and to talk about how he's "destroying the economy". Amazing how all the boring Democrat party robots all talk in unison and repeat the same Talking points from "central command".
Trump's point is a good one. Why should we allow them access to our market and let Canada rack up massive trade supluses, when they wont even stop the flow of drugs and illegals accross their border?
If Canada loves drugs and illegals and wants to commit National suicide, they can do it on someone else's dime.
Acid rain came from hydro electric damns where winds blow to the northeast?
Trump has a few good points with Canada - specifically military spending.
Otherwise, he is nothing but Drunk Uncle.
the trolls are really lame,
Daniel Tosh lays it out for Carney.
RCOCEAN II said...
As shown by the comments, the new Far-left Democrat "Party line" is to attack Trump tarriff's and to talk about how he's "destroying the economy". Amazing how all the boring Democrat party robots all talk in unison and repeat the same Talking points from "central command".
Trump's point is a good one. Why should we allow them access to our market and let Canada rack up massive trade supluses, when they wont even stop the flow of drugs and illegals accross their border?
If Canada loves drugs and illegals and wants to commit National suicide, they can do it on someone else's dime.
5/6/25, 1:57 PM
—— - — - - - ——- - — —
1. Why are trade deficits necessarily bad?
2. What happens to the US dollars that Canada allegedly “rips off” from us?
U.S. oil production has likely peaked and will start to decline due to price plunge, Diamondback CEO warns ~ CNBC
“Diamondback Energy expects U.S. oil production to peak and then decline this year due to low prices.
CEO Travis Stice warned that falling production threatens jobs, GDP growth, the nation’s trade balance and U.S. energy security.”
“U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, jeopardizing the nation’s position as the world’s largest fossil fuel producer and its energy security, the CEO of Diamondback Energy
told shareholders in a letter this week”
“U.S. crude oil prices have tumbled about 17% this year as recession fears due to President Donald Trump’s tariffs weigh on demand expectations. At the same time, OPEC+ producers led by Saudi Arabia are rapidly increasing supply to the market.”
“This has transformed our economy and given the United States a level of energy security not thought possible at the beginning of this century,” Stice told investors. “Today’s prices, volatility and macroeconomic uncertainty have put this progress in jeopardy,” the CEO warned.“
"The key point is that a trade deficit is not a subsidy."
Key point? Meh. Semantics.
You know what is a subsidy? Relying on us for their defense.
Yeah, the defense issue is a real one. So deal with that. Even punish us with tariffs to wake us up. But name the problem.
Even giants need credibility and decreeing that the next James Bond should be set in Ohio does not build credibility.
Original Mike said...
"The key point is that a trade deficit is not a subsidy."
Key point? Meh. Semantics.
You know what is a subsidy? Relying on us for their defense.
5/6/25, 2:09 PM
—————-
Since the entire motivation for the tariffs and the decision by Trump to make all Americans poorer is that Trump asserts falsely that trade deficits constitute subsidies then we are dealing with much more than semantics.
Yes we subsidize Canada’s defense and that should be addressed but the answer is not to make all Americans poorer.
"Since the entiremotivation for the tariffs and the decision by Trump to make all Americans poorer is that Trump asserts falsely that trade deficits constitute subsidies …" (emphasis added)
That's simply not true. He gives other reasons, and they're the ones I care about: job loss and, especially, national security.
I may be missing something here... No. You're not. But if you disagree with anything AMDG says, you're schtoopid.
I used to glance at his bilge, but now simply scroll on by. He's as bad as Rich, but more insulting.
Whether or not the market is free needs to be analyzed on a country by country basis. In a lot of cases, it's not.
Exactly. And it's what these tariff talks have brought out for public discussion. Not if you limit yourself to DNC corporate media, but if you can get the facts then you can see for yourself if a 250% tariff on dairy is good for Canada... or us.
“Diamondback Energy” who?
Meanwhile, oil is up nearly $2 today.
Original Mike said...
"Since the entiremotivation for the tariffs and the decision by Trump to make all Americans poorer is that Trump asserts falsely that trade deficits constitute subsidies …" (emphasis added)
That's simply not true. He gives other reasons, and they're the ones I care about: job loss and, especially, national security.
5/6/25, 2:23 PM
—————————————-
1. Trade with adversaries does have national security concerns. Trade with allies does not and it could be argued that needlessly aggravating allies or countries we want as allies hurts national security.
2. There is no data that indicates that tariffs save jobs. In fact data indicates that the collateral damage caused by tariffs results in greater job losses.
Jim at said...
I may be missing something here... No. You're not. But if you disagree with anything AMDG says, you're schtoopid.
I used to glance at his bilge, but now simply scroll on by. He's as bad as Rich, but more insulting.
5/6/25, 2:34 PM
—————————-
No, not everything, however, believing that trade deficits constitute subsidies is a clear indication of a less than average IQ.
Globalist/America Last/GOPe Suckup AMDG: "Since the entire motivation for the tariffs and the decision by Trump to make all Americans poorer..."
Think about how much of a transparent liar a pro-globalist, America Last, GOPe Suckup has to be to make that claim against Trump.
As noted by others, and as noted way back during the several years leading up to the 2024 republican presidential primary campaign, AMDG is indistinguishable from the standard issue MSNBC "contributor".
fluffernutter has had one post in September '22,
1. Why are trade deficits necessarily bad?
2. What happens to the US dollars that Canada allegedly “rips off” from us?
Why is America subsidizing Canada by $200 Billion Dollars a year.... We don’t need their Cars, we don’t need their Energy, we don’t need their Lumber, we don’t need ANYTHING ... They, on the other hand, need EVERYTHING from us!
Economic gibberish.
There isn't a person on this blog fit to kiss Trump's ass, but not a week goes by when there isn't a slew of "conservatives" in these comments railing against what an idiot Trump is. Same schmucks who think they are superior people to the guy who's been a NYC real estate Billionaire, had the top-rated television program, has been elected president three times, and singlehandedly defeated the 5 Eyes deep state blackmail and assassination syndicate. Same schmucks who were crying about the tariffs and what they did to the stock market two weeks ago.
Hey schmuck, here's a hint: When you're argument is indistinguishable from the spew of Kakistocracy, AMDG, and Dinky Dau, then you need to reassess.
The comments in this thread reflect precisely the political alliance between the globalist, America Last, NeverTrump, GOPe-ers like AMDG and the far left.
Isn't it obvious already that Trump's style of negotiation is to stake out a position that's "unreasonable" while appearing completely committed to that position? IMO, Trump's goal here isn't to snuff out U.S. trade with other countries, it's to force other countries (or companies) to make concessions to the U.S. that they'd have no reason even to consider in the absence of his antics.
Rather than hyperventilate over why Trump's position is wrong, why not wait and see how it all works out? Your skepticism is duly noted but really isn't going to have any immediate effect on what Trump does or doesn't do.
Trump has a few good points with Canada - specifically military spending.
Otherwise, he is nothing but Drunk Uncle.
Fact check: True.
Isn't it obvious already that Trump's style of negotiation is to stake out a position that's "unreasonable" while appearing completely committed to that position? IMO, Trump's goal here isn't to snuff out U.S. trade with other countries, it's to force other countries (or companies) to make concessions to the U.S. that they'd have no reason even to consider in the absence of his antics.
Fact check: True.
What's most amusing about AMDG's pal LLR-democratical Rich's latest "predictions" is that we are just emerging from about 3 months worth of dozens and dozens of Abacus Boy's "guaranteed to happen" predictions that never happened on top of dozens and dozens of Abacus Boy's "guaranteed NOT to happen" predictions that....did!
BTW, that's the "tell" for our Harry Sisson of Althouse blog that his avalanche of recent BS has failed, as it always does, when he simply launches another tidal wave of gibberish that will also fail to materialize!
The good newsfor Rich?
AMDG will always be in his corner.
Drago said...
The comments in this thread reflect precisely the political alliance between the globalist, America Last, NeverTrump, GOPe-ers like AMDG and the far left.
5/6/25, 2:56 PM
——— ——————
The only people here promoting leftist economic policies are the Juche loving commie retards like you.
“You don’t need 20 pencils” The Big Buffoon
“ All right? You don't necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers when children are hungry in this country. I don't think the media appreciates the kind of stress that ordinary Americans are working on.”
Bernie Sanders
“I don’t think a beautiful baby girl that’s 11 years old needs to have 30 dolls. I think they can have three dolls or four dolls,” the president said when asked about the prices of goods rising due to his unprecedented tariffs on Chinese imports. “They don’t need to have 250 pencils. They can have five.”
Drago’s Lord & Savior - Donald Trump
Notice how the tariffistas are unable to answer these questions;
1. Why are trade deficits necessarily bad?
2. What happens to the US dollars that Canada allegedly “rips off” from us?
Amdg is trade deficits are good why do our partners put tariffs on us to bump up the trade deficit with us? Who do we have a +trade deficit with? Why not?
Globalist/America Last/GOPe Suckup AMDG: " The only people here promoting leftist economic policies are the Juche loving commie retards like you."
The ONLY person fighting tooth and nail in an All Of Govt way against the "commies" is Trump.
And you oppose every bit of it.
Let's summarize: global economic growth crucially rests on increasing global demand. Only China is in a reliable position to deliver this increase in demand. Therefore the under-consuming China now regulates global demand and the US does not. Global economic leadership is shifting if not transitioning.
The world is looking for a steady and reliable increase in demand; the US is no longer fit for that purpose. China could increase its domestic demand unilaterally or it could share this task by increasing its imports from Europe. This would further separate Europe from the US.
A half century of external US debt creation has created a huge base of assets owned by foreigners. They could potentially sell these assets and crash the US financial system. Therefore the US must sustain the "safety" of this stock of safe assets owned by foreigners; that means the US might have to undertake severe domestic austerity to maintain the sustainability of its external finance position. It's much, much easier to repress domestic savers than foreign creditors.
The US domestic economy is way over-obligated; its liabilities probably need to go through a domestic mediated adjustment (bankruptcy and/or adjustment). More political populism is probably on the way dictating further insularism.
The decreasing stature of US economic leadership probably will dictate radical downsizing of national security budgets and the end of empire in the eastern hemisphere. The unimaginable is coming into view.
Now a halfwit like Drago might ask: “What about Say’s Law?”
Demand and supply are unevenly distributed around the world.
I get $6 to send anybody who sends me $10. Want to trade?
trump says "if we stop trading we wont lose anything" WTF YOU MEAN EXCEPT 5 ,000,000,000 IN EXPORTS AND IMPORTS. This fella is definitely off his meds. Between him and Scott Besset (another ziliIonaire who none f this means anything to them as they are rolling in dough) cARNEY DID WHAT HE WAS HERE TO DO ,TELL TRUMP TO HIS FACE CANADA IS NOT FOR SALE! Trump looked like the kid who was just told they'll be no ice cream after dinner..Could you maybe get the market back to where sleepy joe left it to him instead of flatlining and fix the price of goods like you promised(only half country believed that)STOP trading WE LOSE NOTHING this fella needs a shrink...
America Unchained. The only reason for trade is to supplement deficits, nurture relationships, compensate for human rites, and subsidize the kleptocracy.
How many traffic controllers did Musk send packing,,you wanna fix something fix the frealking airports forget about your whims that benefit nobody.There is no governing body up in that place just an egocentric old man who says stuff and tells his sycophants get er done but the courts keep telling him unconstitutional,illegal,cant do it etc..talk about throwing mud on the wall..
Dude1394, there's almost no tariff trade between Canada and US pre-2025.
The great shocking outrage, apparently, is around shipping milk to Canada. The incredible American empire is teetering on collapse because it can't get milk into Canada.
I mean, it can, up to a quota and then it gets tariffed.
Do Canadians like that system? No. Because these quotas apply within Canada too. It keeps dairy farmers rich and consumers paying for milk that is 2x the price of US milk.
But when your government portrays it as some outrageous abuse of America.... it comes across a bit middle school.
Dinky Brick.
Blue State infrastructure is falling apart.
Boatbuilder, we already have all the good hockey players. The last time a Canadian team won the Stanly cup was 32 years ago in 1993
John Henry
How many traffic controllers did Musk send packing?
Since you ask the question, Dinky, how about you answer it?
How many air traffic controllers did Musk request be sent packing? (Since he has no pwoer to fire anyone)
I believe the answer is zero.
FAA people were sent packing, but none that actually did anything useful like ATC.
John Henry
John Henry doesn't understand the composition of American NHL teams.
And its a pretty good opening for a big messy mis-understanding in all this. Like those Texas refineries have lots of Canadian ownership just as those Albertan oil sands have lots of American ownership.
Trade isn't between nations. And a Canada-based company can still be heavily American-owned.
"the trolls are really lame"
It's the tariffs.
Try to hold your mud, Dinky Trou!
John Henry doesn't understand the composition of American NHL teams.
Wait. You mean Jordan Binnington - goalie for St. Louis - isn't American?
And Connor Hellebuyck - goalie for Winnipeg - isn't Canadian?
Precisely. We are already a single people.
Biden took credit for an increase in US oil drilling when he was working to decrease US production. He was taking credit for what Trump had done. So now we have another time lag, and maybe the oil will be pumping when it eventually needs to be pumped.
Carney can speak French. Not up to the standard of most Canadian leaders and not without mistakes, but still, that's something most North American anglophones can't do.
It is really interesting to watch people make really stupid statements about Trump renegotiating these trade positions that were set up for the benefit of the globalist oligarchs at the expense of the US citizen.
I know this isn't a bold prediction given Rich's history of being stupidly and fantastically wrong but his belief that China is going to win this trade war is so stupid it is going to rank right up there with his claim Kamala was popular and Biden was not cognitively impaired.
Achilles: "I know this isn't a bold prediction given Rich's history of being stupidly and fantastically wrong but his belief that China is going to win this trade war is so stupid it is going to rank right up there with his claim Kamala was popular and Biden was not cognitively impaired."
Should probably toss in AMDG's moronic assessment from 2023/24 that Paul Ryan lapdog DeSantis was the guy who could deliver a general election political victory for a republican party base that had already moved well beyond the McConnell/Romney tripe AMDG was peddling.
Here comes Gerda, a commenter that ruined other websites
you be you , ya POS
Trump needs some background music for Carney when he arrives.
Like Minnie the Moocher,
https://www.youtube.com/watch?v=8mq4UT4VnbE
People who ask questions instead of presenting counter-arguments are usually doing one of three things:
1) Trolling;
2) Derailing;
3) Covering for their lack of a good argument.
BTW, someone of thread said something funny that got a laugh out of me. "Foreigners, now own so many US assets they can crash the economy if we don't do what they want."
LOL. Guess that's what happens when you run up zillion dollar trade deficits, year after year, and trade "useless dollars" for real goods. Those "stupid" foreigners end up controlling your economy!
CUSMA Non-Compliant Goods (Ongoing, Standard MFN Rates):
6.5% on U.S. apparel (e.g., shirts, pants, not meeting CUSMA rules of origin)
15.5% on U.S. footwear (e.g., shoes, boots, not meeting CUSMA rules of origin)
7% on U.S. machinery (e.g., certain engines, not meeting CUSMA rules of origin)
200-300% on U.S. dairy products (e.g., milk, cheese, over tariff-rate quota)
241-295% on U.S. poultry (e.g., chicken, turkey, over tariff-rate quota)
249% on U.S. eggs (over tariff-rate quota)
FAA people were sent packing, but none that actually did anything useful like ATC.
That’s true regardless of Musk’s status. And other than those opting for buyouts, the only FAA folks forced out were new hires.
Why are trade deficits bad?
In reality today trade deficits indicate that the country with whom we have the deficit has tariffs or something that works the same way as tariffs to keep out American goods or raw materials. This, in turn, in today's reality has resulted in the loss of major manufacturing to China and Mexico and many other countries. It's reached the point that we cannot rebuild our Navy or heal our sick without China which took shipbuilding and pharamceuticals away from us with tariffs and government subsidies. Similarly, Canada has tariffs to exclude Wisconsin dairy products and Western lumber but we allow Canadian lumber and dairy products in and this is making things hard for our own people in the lumber industry.
We need manufacturing in this country; and we need to consider all regions in making decisions. Some don't care what happens to Wisconsin dairy farmers or others facing protectionist barriers as long as they themselves can play video games and go to protests. But that isn't the way to be a citizen; that's the way to be a serf, a peon and the whimpering but bitter and divisive kind of person the Dems want you to be.
well they dont have a good argument, so they come her for abuse,
I believe those were for aid and other agencies,
Trade surpluses are bad. That's why all the US trading partners what to have them against the USA. haha Stupid foreigners.
Carney says he asked Trump to stop calling Canada the 51st state. Congratulations Canada. You stuck it to Trump.
I suspect Trump counter offered, “I’ll quit calling you the 51st state and since you aren’t a state, I’ll quit sending $200 billion in US taxpayer dollars.” Win-win.
Globalists and Losertarians always want to leave the real world behind and start talking about abstract theories, with plenty of analogies, and hypotheticals. In theory....blah blah.
AMDG said:
2. There is no data that indicates that tariffs save jobs. In fact data indicates that the collateral damage caused by tariffs results in greater job losses.
*********
Then what is the point of tariffs? How do they benefit the countries passing them?
I've always thought the entire point was to protect local business sectors to encourage their growth, by making imports more expensive. Am I wrong?
Why does Canada import large tariffs on US dairy products,, if not to keep its own dairy farmers happy?
But, but, but, I thought Carney was elected because he was going to be staunchly pro-Canadian and stand up to the bad Orange Man. Sounded pretty deferential to me.
Chuckie Schumer issues an idle threat that Republicans will reap teh whirlwind if any fed government employees are cut loose.
Personally, I think Doge would garner the numbers needed if the Department heads told their folks they would be measured and reviewed using clear goals and performance requirements and also paid for performance, not potential based on their women or ethnic studies degrees.
Take Chuckie seriously, his is the party that entertains abortive ideation as a principle of religious faith. Out, out damned "burden".
well last time, chuck u, issued that threat, at least two supreme court justices were threatened
effinayright said...
AMDG said:
2. There is no data that indicates that tariffs save jobs. In fact data indicates that the collateral damage caused by tariffs results in greater job losses.
*********
Then what is the point of tariffs? How do they benefit the countries passing them?
I've always thought the entire point was to protect local business sectors to encourage their growth, by making imports more expensive. Am I wrong?
Why does Canada import large tariffs on US dairy products,, if not to keep its own dairy farmers happy?
5/6/25, 5:44 PM
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Tariffs a form of industrial policy where the government picks winners and losers.
In the early 2000’s GWB implemented tariffs to protect the steel industry. The higher costs that were passed on to manufacturers that use steel (automakers, appliance makers etc.) lost significantly more jobs than were saved in the steel industry.
When someone talks about Canadian dairy tariffs note that they do not come into effect until a quota is reached. Not perfect but the tariffistas are being deceptive when they do not bring that up.
When someone talks about Canadian dairy tariffs note that a quota acts to limit the amount of imports.
In other words, not free trade.
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Trump seems to be conflating trade deficits with tariffs. He either doesn't know the difference or he's trying to confuse and deceive his base. My understanding is that this trade deficit number calculation used for reciprocal tariffs is the brainchild of Peter Navarro. Which explains why you get some tariffs on Penguin centric countries.
I don't know why a quota before a tariff means no tariff. If it matters, then all these other countries met their quota and now Trump is imposing a tariff. Does that make it better for you?
I got $6 for you Kak. Just send me the $10 and I’ll call it fair.
This is a lot like Palestinians bemoaning that Israel treats them as sub-human while demanding Israel free a 100 Palestinians for every dead Israeli body returned.
“Even without further escalation of tariffs, the policies already in effect threaten to offset the benefits of the promised tax cuts,” according to a new post released today by the Tax Foundation.”
https://taxfoundation.org/blog/trump-tariffs-tax-cuts/
Why are we even pretending the tax cuts will generate more revenue to even partially offset their cost, when we already ran this experiment and the tax cuts did not in any way even *almost* pay for themselves. The blew a bigger hole in the debt.
Deport our Venezuelans to Canada
Dinky doesn't seem to understand that Musk can't fire anybody. He can recommend that someone be fired, but he can't fire them himself. Musk recommended that the DEI hire be let go because they cheated to pass the exam.
We buy petroleum from Canada because it's cheaper by 5 -10 dollars a barrel. The reason is that it has to be processed first to extract the bitumen-tar. Then it is liquid enough to transport via pipeline. Refineries in Illinois and Texas can refine Athabascan synthetic crude. We all know whjat happened to the Keystone pipeline expansion.
People seem to have forgotten that the purpose of the Trump tariffs is to get people to the negotiation table.
And its a pretty good opening for a big messy mis-understanding in all this. Like those Texas refineries have lots of Canadian ownership just as those Albertan oil sands have lots of American ownership.
Trade isn't between nations. And a Canada-based company can still be heavily American-owned.
Correct. Trump wants those Canada-based companies to become US-based companies.
Trade negotiations with China announced. Will be held in Switzerland. Looks like tariffs are working.
"Trump wants those Canada-based companies to become US-based companies."
I'm trying to figure out why this is a bad thing for the US. Clearly, other countries want to have businesses based there, why is it wrong for the US to want to have businesses based here?
Which explains why you get some tariffs on Penguin centric countries.
I can think of another reason. Can you?
Why are we even pretending the tax cuts will generate more revenue to even partially offset their cost, when we already ran this experiment and the tax cuts did not in any way even *almost* pay for themselves. The blew a bigger hole in the debt.
It's good to see your concern about debt, Kak. Tell me what major reductions in government spending you propose as measures to decrease that debt. Cuts in "tax expenditures" (i.e., tax increases) don't count.
While I understand that the drop in crude oil prices may impact the extent to which US companies may be willing to invest in US-based mining of oil (i. e., fracking), I'm also wondering how it is that a substantial drop in world oil prices is not a net good thing for the American consumer. This may be purely fortuitous, but it's still a good thing, no?
(Yes--I understand that being dependent on Saudi, Canadian or Russian oil is not a good thing for the US as a country. But doesn't the drop in oil prices impact those countries pretty significantly in a negative manner? Meaning they will need someone to buy their oil? Like, for example, the worlds largest consumer market?)
“Trade negotiations with China announced. Will be held in Switzerland. Looks like tariffs are working.”
MSM, Democrats and kaka hardest hit.
Kakistocracy said...
“Even without further escalation of tariffs, the policies already in effect threaten to offset the benefits of the promised tax cuts,” according to a new post released today by the Tax Foundation.”
https://taxfoundation.org/blog/trump-tariffs-tax-cuts/
Why are we even pretending the tax cuts will generate more revenue to even partially offset their cost, when we already ran this experiment and the tax cuts did not in any way even *almost* pay for themselves. The blew a bigger hole in the debt.
5/6/25, 7:08 PM
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Revenue did go up. The problem was spending went up more driven primarily by SS & Medicare - the biggest drivers of the growth in debt and issues that Trump and the Democrats have vowed to leave unaddressed.
Rusty said...
People seem to have forgotten that the purpose of the Trump tariffs is to get people to the negotiation table.
5/6/25, 7:20 PM
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We are now up to three justifications for the Trump tariffs!
1. They will reduce the deficit and it will be foreign countries that pay for it.
2. We no longer make anything. They will force an end to imports and everything will be made here.
3. They are just a negotiating tool.
The truth is that Trump just likes tariffs.
Leland said...
I got $6 for you Kak. Just send me the $10 and I’ll call it fair.
This is a lot like Palestinians bemoaning that Israel treats them as sub-human while demanding Israel free a 100 Palestinians for every dead Israeli body returned.
5/6/25, 7:05 PM
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What happens to the US dollars that Canada “rips off”.
Do they go in a mattress?
Canada is a charade of hypocrisy, like many small nations. They ignore their own deeds and imagine fault in others to get a beggars margin in arguments. They are a resource exporter, like Norway. They have hydro power which is fine, but tar sand oil which is the worst of the worst and clear cut massive forests for timber while sneering at everyone else because they are so enviro.
Grok the Giant gold mine in Yellowknife, full of arsenic trioxide that threatens the arctic sea and has actually killed Indian children, unlike the Catholics who they say killed and buried Indian kids that tredeau lied about while wearing his real Indian leather costume.
Canadians are just happy syrup making lovable hockey fans, but in policy two faced. They do what they want and then put on the knit hat and flannel shirt and tut tut at the US.
I have many Canadian friends over the years I worked there in travel, but in policy they deserve no sympathy.
At least OPEC is honest, they just maximize income with no song and dance.
What is it about this particular topic that so attracted the trolls?
..."unlike the Catholics who they say killed and buried Indian kids that tredeau lied about while wearing his real Indian leather costume."]..."
I read this week that the un-vetted ground-penetrating radar that was put forward sensationally as evidence of a mass burial area was, in fact, showing an old tile-lined septic field. They would have discovered that fact, had they simply spent a little time in the school's archives. Ironic, yes?
"They would have discovered that fact..."
I suspect they were satisfied with the "mass burial area" determination and had no interest in pursuing the topic further.
Settled science, you know.
AMDG said...
———————————
We are now up to three justifications for the Trump tariffs!
1. They will reduce the deficit and it will be foreign countries that pay for it.
2. We no longer make anything. They will force an end to imports and everything will be made here.
3. They are just a negotiating tool.
The truth is that Trump just likes tariffs.
Those are all solid arguments for rebalancing the tax burden on goods produced outside the US. Every other country in the world taxes goods made outside their country. Moving to more balanced trade arrangements that benefit American workers just makes sense.
Again you have not made a single argument for imposing the entire tax burden on goods produced in the US. You are too stupid to understand just how bad you look here.
But then again there just aren't very many Ryan/Romney Republicans left because the leaders of that dead political movement are clearly traitors and the people stupid enough to follow them eventually get tired of looking stupid.
The only people left are the true idiots like ADMG. Eventually you should get tired of looking stupid too.
Kakistocracy said...
Why are we even pretending the tax cuts will generate more revenue to even partially offset their cost, when we already ran this experiment and the tax cuts did not in any way even *almost* pay for themselves. The blew a bigger hole in the debt.
Because every time we cut taxes the economic growth inevitably produces more tax revenue. I know it is hard for someone like you to understand. You are limited.
At some point just compare the per capita GDP of Mississippi to Europe. Then you will understand.
Cutting taxes increases revenue to the government. I know that the trolls here just keep spreading untruths, as they have for the past two administrations (Trump and Biden). And I bet that each one of them cheats on their taxes or would, if given the opportunity (like the local car repair guy who gives them a break on sales tax if they pay in cash). Congress is the main problem in that they just can't stop spending. Thank God for DOGE, Musk, and Trump. I certainly don't know the answer for SS spending now that the Left have stopped having children or as many children (another Thank God!). And the cost of having children due to (mainly) housing costs and food expenses has even driven the right to have less. The Left just hates humans and worships Gaia.
Dinky doesn't seem to understand that Musk can't fire anybody.
They know but they are so used to spreading false stories they can't help themselves. Lying is what leftists do. It's like breathing to the rest of us, and just as guilt free from their POV.
There are no tax cuts on the table right now. There are extensions of the existing tax policy in place now. If Kak and Dinky and Bich get their way Americans who work for pay will get dinged with a 68% increase in their tax bill. Which in non-government patois means "withholding," as in money you'll never see except as a deduction on your paycheck.
That's what the Left is reduced to arguing for: tax increases.
What happens to the US dollars that Canada “rips off”.
Do they go in a mattress?
The trade deal is you give me $10 and I give you $6. That is what you called fair.
Now your argument is the US wants to control what is done with the $10 after the trade? You think tariffs are bad, yet the US should dictate other countries fiscal policy? Either that, or you really don’t have a coherent argument other than Trump is for it so you are against it.
Mason G said...
"I suspect they were satisfied with the ‘mass burial area’ determination and had no interest in pursuing the topic further. Settled science, you know.”
Now do “Some of Sally Hemings’ kids carried Jefferson DNA, so that means she and Tom were knocking boots.”
Leland said...
What happens to the US dollars that Canada “rips off”.
Do they go in a mattress?
The trade deal is you give me $10 and I give you $6. That is what you called fair.
Now your argument is the US wants to control what is done with the $10 after the trade? You think tariffs are bad, yet the US should dictate other countries fiscal policy? Either that, or you really don’t have a coherent argument other than Trump is for it so you are against it.
5/7/25, 7:52 AM
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This $4 have to comeback and there are 3 ways they come back:
1. Purchases of other goods and services (not that Trump excludes services - where the US has large surpluses -from his calculations).
2. Imvestment
3. The purchase of US debt.
It all has to come back.
Eventually, disputes with Canada and other countries are going to have to be resolved. It's possible that the president could do that and move on, but his timing, his refusal or inability to put a routine on hold at important moments is a little troubling. The New York style Art of the Deal can get things done, but it takes a bit more diplomacy to put relations with other countries back on track.
"Grok the Giant gold mine in Yellowknife"
Is that another Bob Dylan song?
There will be no trade deals as we have seen in the past.
It now seems clear that Trump is essentially doing what China did when it started trading: demanding payments to gain access to theirr market.
China's price was a joint venture with technology transfer. That sounds seems crazy, right? but back then it seemed...reasonable. 1 billion consumers!!!! OFC we want to sell them planes and cars! Ooops, now they can make planes and cars.
So anyways, since it didn't ruffle many feathers with China, its interesting to see now that it DOES ruffle many feathers to be told the USA market requires a ticket at the door.
(Trump refers to this as needing to buy stuff to enter the store - oh you don't want to be in this store? okay"
I am not sure this a good policy, but I think the idea is to gain tax revenue and to extract concessions, much like China did.
So, maybe foreign countries can invest, or buy our products, etc or just pay the 10% entry fee.
To be very clear, I think this is a tax increase (obviously) so he doesn't care if you lower your tariffs against America.
a 10% tariff is really close to a 10% VAT if it only applies to imports. Take textiles. Very few are even made in America, so taxing textiles at 10% VAT or 10% tariff is a 99% match.
The big question is enforcement.
This commenter is entirely correct that all dollars "must come back"
. Purchases of other goods and services (not that Trump excludes services - where the US has large surpluses -from his calculations).
2. Imvestment
3. The purchase of US debt.
It all has to come back.
---
I think what Trump is saying, is that we prefer it no longer comes back as debt purchases but instead comes back to either buy products, investment, or partially as tariff payments (becomes tax revenue.)
This is sort of reversing the debt as a choice - you don't get to buy debt to sterilize your trade surplus to keep your currency low. Instead you have to pay taxes on your exports.
Buying debt is yet another trade. So now the fair deal is you get $6 for the $10 you gave me plus an IOU for you to give me another $4 in the future. If you think that is fair, I’ll take the $10 today and you can send the $4 when you come up with it.
Investment? Same story as above.
Purchasing of other goods… isn’t that just more trade. If that was happening, then the trade deficit would be zero. Apparently, that isn’t happening.
What is happening is export heavy countries buy US bonds to sterilize their trade surplus so their currency doesn't strengthen. This is why we can run 6.1% deficits.
But I think this debt to trade treadmill is kinda unsustainable. Just like how China needs to consume more, we need to spend less.
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