𝗧𝗥𝗨𝗠𝗣 𝗧𝗔𝗞𝗘𝗦 𝗔 𝗪𝗥𝗘𝗖𝗞𝗜𝗡𝗚 𝗕𝗔𝗟𝗟 𝗧𝗢 𝗨.𝗦. 𝗘𝗖𝗢𝗡𝗢𝗠𝗬 𝗕𝗬 𝗔𝗦𝗦𝗘𝗦𝗦𝗜𝗡𝗚 𝗧𝗔𝗥𝗜𝗙𝗙𝗦 𝗢𝗡 𝗜𝗠𝗣𝗢𝗥𝗧𝗘𝗗 𝗚𝗢𝗢𝗗𝗦 𝗙𝗥𝗢𝗠 𝗖𝗔𝗡𝗔𝗗𝗔, 𝗠𝗘𝗫𝗜𝗖𝗢 𝗔𝗡𝗗 𝗖𝗛𝗜𝗡𝗔

 

Bullheadedly, like a crazed buffoon, President Trump is going ahead with tariffs effective Tuesday, December 4; 25% on goods imported from Canada and Mexico, our friends, but only 10% on merchandise coming from China, our foe(Canadian energy is tariffed at 10%).

Expect for Trump to get spooked quickly when prices rise precipitously afterall the guy was elected on the promise of lowering prices.

Mexican President Claudia Sheinbaum has already responded, saying that her government sought dialogue rather than confrontation, but that Mexico will be forced to respond with tariffs of their own.  It should be noted that Mexico has overtaken China as America's leading trading partner.  

"I've instructed my economy minister to implement the plan B we've been working on, which includes tariff and non-tariff measures in defense of Mexico's interest," Sheinbaum stated.

Reportedly, Mexico is preparing retaliatory tariffs of 5% to 20% on pork, cheese, fresh produce, steel and aluminum.

Prime Minister Justin Trudeau has responded by implementing a 25% tariff on $155B in goods shipped from the U.S. to Canada with more penalties on the way. 

 

The Canadian leader said tariffs would include American beer, wine and bourbon, as well as fruits and fruit juices, including orange juice from Trump's home state of Florida. Canada would also target goods including clothing, sports equipment and household appliances.

Consumers will quickly learn that Trump has simply been lying about tariffs in claiming that other countries paid for them.  No, boys and girls, we will pay for these tariffs with higher prices.