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#Tariff

25 posts17 participants0 posts today

Trump's threatened 30% #tariff on #SouthAfrica exports is set to deal an economic blow to a community he has vocally & controversially championed: white farmers.
Citing false claims that #white South Africans are being persecuted, #Trump has cut aid to the country, publicly berated its president in the Oval Office & invited #Afrikaners - descendants of early European settlers - to come to the #US as *#refugees*.

#PerfomativePolitics #stunt #racism #idiocracy #geopolitics
reuters.com/world/africa/us-ta

#Trump #tariff threat piles pressure on #Canada to expand trade with Asia

“Ottawa is hoping to boost exports of liquefied natural gas to #Japan & South #Korea.

The first shipment of LNG from Kitimat, #BC, bound for East Asia left last month, acc to Shell, which owns a 40% stake in the operation.

The company forecasts that demand for #LNG is set to rise by about 60% by 2040, “largely driven by growth in Asia.”

theglobeandmail.com/world/arti

The Globe and Mail · Trump tariff threat piles pressure on Canada to expand trade with AsiaBy James Griffiths

The clip I heard today of Melanie Joly (Cdn Min of Industry) commenting on the latest #Tariff threat du jour was pretty spot-on.

No particular reaction to the oaf's threats, but an indication that market realignment is underway towards trade with Europe.

Would be great if our production was all snapped up elsewhere, and we could say: "pfft - yeah sure, what-ev, charge taxes to your own citizens if you like. Shall we add you to the buyers waiting list?"

Replied in thread

@atrupar

Apparently, Dum Dum Donny #Trump

**still does not understand**

that when he imposes #tariffs on another country, people in the #USA end up paying the tariff.

The #US govt CANNOT tax other countries. A #tariff is a tax paid by people in the USA who buy foreign products (many of which are simply NOT made in or cannot be grown in the USA).

A tariff on #Brazil (~50% of coffee in USA comes from Brazil) will be paid by Americans who drink #coffee among other things.