#Economic impact of tariffs

[inc-immigrationnewscanada]

Shocking Tariff Rates: Canada's Mortgage Landscape in 2025

In the wake of Donald Trump’s tariff policies, Canada’s economic landscape has seen considerable turbulence, particularly impacting the tariff rates and mortgage market. Investors, wary of an economic slowdown due to these tariffs, have shifted their investments into bonds, causing bond yields to drop significantly. This shift has had a direct and profound effect on mortgage rates, with…

[cavenewstimes]

The Hidden Costs of Tariffs: Why We All Suffer in the End

In a world where economic interdependence defines our global landscape, tariffs often emerge as a seemingly easy way to protect domestic industries. But, what lies beneath the surface of these trade barriers? Our latest post, “The Hidden Costs of Tariffs: Why We All Suffer in the End,” takes you on a deep dive into the multifaceted repercussions of tariffs that extend far beyond government and…

[saywhat-politics]

We estimate Trump's 25% tariffs on Canada and Mexico and 10% tariffs on China will:

🔹 Increase taxes by $1.2T (2025-2034)

🔹 Reduce GDP by 0.4%

🔹 Reduce employment by 344k jobs

🔹 Result in an average tax increase of $830 per US household (2025)

[benjaminallhope-fulltimemind]

As usual Trump and his fascist government is spreading lies and falsehood, eventually they'll probably invade Panama under the pretense of "defending America" like Nazi Germany did. Fun fact Nazi Germany invaded Poland under the pretense of defending itself and freeing supposedly oppressed Germans. This has happened before, don't take it lying down!!

[my-traders-arena]

🚨 BIGGEST CRASH ALERT! 🐻📉 Renowned author of Rich Dad, Poor Dad, Robert Kiyosaki, warns of a possible crash in Stock market ,gold, silver, and Bitcoin amidst the looming Trump tariffs. 🌍💸 Are we ready to navigate the storm? 🌪️ Stay informed, stay prepared! 💼✨ Get more information: ☎️7010133354. www.mytradersrarena.com Follow and share your friends.

@mytradersarena @mytradersarenastockmarket @followers#mytradersarena#mytradersarenaofficial#crash#StockMarketCrash#GoldCrash#SilverCrash#BitcoinCrash#RobertKiyosaki#MarketAlert#FinancialAdvice#MyTradersArena#EconomicTrends#StayPrepared#chennaitraders#MentorshipProgram#CoWorkingSpace#FinancialFreedom #StockMarketSuccess#LearnToTrade#MyTradersArena#TradingHub#trading#tradingspaces#chennaicoworkingspace .

[ultimate-healing-blog]

10,000 Troops Deployed by Mexico for Tariff Suspension

Read full article On-line: #Mexico #USBorder #Tariffs #TradeAgreement #BorderSecurity #DrugTrafficking #TrumpAdministration #FentanylCrisis #MilitarySupport #Diplomacy #MexicoUSRelations #ImmigrationReform #GlobalTrade #ClaudiaSheinbaum #MarcoRubio

Mexico Sends Troops to US Border: Tariff Deal Explained In a significant move, Mexico has agreed to deploy 10,000 military personnel to its southern border as part of a deal to pause tariffs threatened by the Trump administration. This agreement was announced by Mexican President Claudia Sheinbaum, who made the declaration via social media on Monday morning, just hours before the tariffs were…

[manuelnunezmd]

How Do Tariffs Affect Healthcare Costs and Patient Outcomes?

💡 Discover how tariffs on medical devices are affecting healthcare affordability—and what you can do about it! #HealthcarePolicy #MedicalDevices 🩺

Introduction Imagine this: You’re a caregiver for an elderly parent who relies on a life-saving pacemaker. Suddenly, the cost of their device skyrockets due to rising tariffs on imported medical equipment. This isn’t just a hypothetical scenario—it’s a growing reality for thousands of families across the U.S. In fact, studies show that tariffs can increase healthcare costs by up to 25%,…

[death-metal-mugs]

U.S. History’s Lowest Tariffs: How They Fueled Growth and Trade

Tariffs have been a cornerstone of U.S. economic policy, serving as both protective barriers and revenue generators. While high tariffs often aim to shield domestic industries, low tariffs have historically opened avenues for international trade and economic expansion. This article examines two pivotal moments when the U.S. implemented notably low tariffs: the Walker Tariff of 1846 and the…

[josephkravis]

Tariff Impact: Are They Helping or Hurting Us? ✅📈💵

Lately, I’ve been thinking about something we don’t always notice until it hits our wallets: tariffs.

What’s On My Mind Today? Tariff Impact 🧠💭 Lately, I’ve been thinking about something we don’t always notice until it hits our wallets: tariffs. These taxes on imported goods can affect everything from the price of your coffee to the health of industries in your community. Are tariffs the lifeline that local industries need, or are they hidden costs we all end up paying? As I dug into this…

[head-post]

China announces probe into Canada’s tariff hikes

China would launch an investigation into Canada’s tariff hikes on electric vehicles (EVs) and steel and aluminium products imported from China, the Commerce Department announced.

China will also launch anti-dumping investigations into imports of rapeseed and related chemical products from Canada.

Last week, Canada announced that it would impose a 100% tariff on imports of Chinese-made EVs, following similar announcements by the United States and the European Union. The country also plans to impose a 25% duty on Chinese steel and aluminium.

A spokesman for China’s Ministry of Commerce said:

Despite opposition and dissuasion from various parties, Canada has imposed discriminatory unilateral restrictions on imports from China. China is strongly dissatisfied and firmly opposed to this and plans to bring Canada’s actions to the WTO dispute resolution mechanism.

The representative noted that Canadian rapeseed exports to China had increased significantly, possibly due to dumping. In 2023, exports reached $3.47 billion, an increase of 170% over the previous year.

Affected by Canada’s unfair competition, related domestic industries in China have been suffering continuous losses. China will, in accordance with domestic laws and regulations and in line with WTO rules, initiate an anti-dumping investigation into rapeseed imports from Canada.

Read more HERE

[inc-immigrationnewscanada]

Trump's Tariff Tidal Wave: New Economic Upheaval in 2025

The global economic landscape was dramatically altered on February 5, 2025, when President Donald Trump announced sweeping tariffs against Canada, Mexico, and China, igniting fears of a full-blown trade war with repercussions felt worldwide. As the U.S. dollar soared and stock markets reeled, this article about the multifaceted impacts of Trump’s tariffs, exploring market reactions, policy…

[haruchiyos]

^ if you voted against the rights of others (or even yourselves, which is insane to me) kindly block. I do not want you here!

hey, reminder that CHOOSING not to get political or be vocal about politics is a privilege so many people do not have and which people will directly suffer as a result of. you are prioritizing your personal peace over the lives of marginalized and disadvantaged people. fuck republicans, fuck trump, and fuck anyone whose silence and complacency contributed to the results of this election. that's all!

[phoenixyfriend]

Ko-fi prompt from @liberwolf:

Could you explain Tariff's , like who pays them and what they do to a country?

Well, I can definitely guess where this question is coming from.

Honestly, I was pretty excited to get this prompt, because it's one I can answer and was part of my studies focus in college. International business was my thing, and the issues of comparative advantage (along with Power Purchasing Parity) were one of the things I liked to explore.

-----------------

At their simplest, tariffs are an import tax. The United States has had tariffs as low as 5%, and at other times as high as 44% on most goods, such as during the Civil War. The purpose of a tariff is in two parts: generating revenue for the government, and protectionism.

Let's first explore how a tariff works. If you want to be confused, then you need to have never taken an economics class, and look at this graph:

(src)

So let's undo that confusion.

The simplest examples are raw or basic materials such as steel, cotton, or wine.

First, without tariffs:

Let us say that Country A and Country B both produce steel, and it is of similar quality, and in both cases cost $100 per unit. Transportation from one country to the other is $50/unit, so you can either buy domestically for $100, or internationally for $150. So you buy domestically.

Now, Country B discovers a new place to mine iron very easily, and so their cost for steel drops to $60/unit due to increased ease of access. Country A can either purchase domestically for $100, or internationally for $110 (incl. shipping), which is much more even. Still, it is more cost-effective to purchase domestically, and so Country A isn't worried.

Transportation technology is improved, dropping the shipping costs to $30/unit. A person from Country A can buy: Domestic: $100 International: $60+$30 = $90 Purchasing steel from Country B is now cheaper than purchasing it from Country A, regardless of where you live.

Citizens in Country A, in order to reduce costs for domestic construction, begin to purchase their steel from Country B. As a result, money flows from Country A to B, and the domestic steel industry in Country A begins to feel the strain as demand dwindles.

In this scenario, with no tariffs, Country A begins to rely on B for their steel, which causes a loss of jobs (steelworkers, miners), loss of infrastructure (closing of mines and factories), and an outflow of funds to another country. As a result, Country A sees itself as losing money to B, while also growing increasingly reliant on their trading partner for the crucial good that is steel. If something happens to drive up the price of B's steel again, like political upheaval or a natural disaster, it will be difficult to quickly ramp up the production of steel in Country A's domestic facilities again.

What if a tariff is introduced early?

Alternately, the dropping of complete costs for purchase of steel from Country B could be counteracted with tariffs. Let's say we do a 25% tariff on that steel. This tariff is placed on the value of the steel, not the end cost, so:

$60 + (0.25 x $60) + $30 = $105/unit

Suddenly, with the implementation of a 25% tariff on steel from Country B, the domestic market is once again competitive. People can still buy from Country B if they would like, but Country A is less worried about the potential impacts to the domestic market.

The above example is done in regards to a mature market that has not yet begun to dwindle. The infrastructure and labor is still present, and is being preemptively protected against possible loss of industry to purchasing abroad.

What happens if the tariff is not implemented until after the market has dwindled?

Let's say that the domestic market was not protected by the tariff until several decades on. Country A's domestic production, in response to increased purchasing from abroad, has dwindled to one third of what it was before the change in pricing incentivized purchase from B. Prices have, for the sake of keeping this example simple, remained at $100(A) and $60(B) in that time. However, transportation has likely become better, so transportation is down to $20, meaning that total cost for steel from B is $80, accelerating the turn from domestic steel to international.

So, what happens if you suddenly implement a tariff on international steel? Shall we say, 40%?

$60 + (0.4 x 60) + 20 = $104

It's more expensive to order from abroad! Wow! Let's purchase domestically instead, because these prices add up!

But the production is only a third of what it used to be, and domestic mines and factories for refining the iron into steel can't keep up. They're scaling, sure, but that takes time. Because demand is suddenly triple of the supply, the cost skyrockets, and so steel in Country A is now $150/unit! The price will hopefully come down eventually, as factories and mines get back in gear, but will the people setting prices let that happen?

So industries that have begun to rely on international steel, which had come to $80/unit prior to the tariff, are facing the sudden impact of a cost increase of at least $25/unit (B with tariff) or the demand-driven price increase of domestic (nearly double the pre-tariff cost of steel from B), which is an increase of at least 30% what they were paying prior to the tariff.

There are possible other aspects here, such as government subsidies to buoy the domestic steel industry until it catches back up, or possibly Country B eating some of the costs so that people still buy from them (selling for $50 instead of $60 to mitigate some of the price hike, and maintain a loyal customer base), but that's not a direct impact of the tariff.

Who pays for tariffs?

Ultimately, this is a tax on a product (as opposed to a tax on profits or capital themselves, which has other effects), which means the majority of the cost is passed on directly to the consume.

As I said, we could see the producers in Country B cut their costs a little bit to maintain a loyal customer base, but depending on their trade relationships with other countries, they are just as likely to stop trading with Country A altogether in order to focus on more profitable markets.

So why do we not put tariffs on everything?

Well... for that, we get into the question of production efficiency, or in this case, comparative advantage.

Let's say we have two small, neighboring countries, C and D, that have negligible transportation costs and similar industries. Both have extensive farmland, and both have a history of growing grapes for wine, and goats for wool. Country C is a little further north than D, so it has more rocky grasses that are good for goats, while D has more fertile plains that are good for growing grapes.

Let's say that they have an equal workforce of 500,000 of people. I'm going to say that 10,000 people working full time for a year is 1 unit of labor. So, Country C and Country D have between the 100 units of labor, and 50 each.

The cost of 1 unit of wool = the cost of 1 unit of wine

Country C, having better land for goats, can produce 4 units of wool for every unit of labor, and 2 units of wine for every unit of labor.

Meanwhile, Country D, having better land for grapes, can produce 2 units of wool per unit of labor, and 4 units of wine per unit of labor.

If they each devote exactly half their workforce to each product, then:

Country C: 100 units of wool, 50 units of wine Country D: 50 units of wool, 100 units of wine

Totaling 150 units of each product.

However, if each devotes all of their workforce to the product they're better at...

Country C: 200 units of wool, no wine Country D: no wool, 200 units of wine

and when they trade with each other, they each end up with 100 units of each product, which is a doubling of what their less-efficient labor would have resulted in!

The real world is obviously much more complicated, but in this example, we can see the pros of outsourcing some of your production to another country to focus on your own specialties.

Extreme examples of this IRL are countries where most of the economy rests on one product, such as middle-eastern petro-states that are now struggling to diversify their economies in order to not get left behind in the transition to green energy, or Taiwan's role as the world's primary producer of semiconductors being its 'silicon shield' against China.

Comparative advantage can be used well, such as our Unnamed Countries (that are definitely not the classic example of England and Portugal, with goats instead of sheep) up in the example. With each economy focusing on its specialty, there is a greater yield of both products, meaning a greater bounty for both countries.

However, should something happen to Country C up there, like an earthquake that kills half the goats, they are suddenly left with barely enough wool to clothe themselves, and nothing for Country D, which now has a surplus of wine and no wool.

So you do have to keep some domestic industry, because Bad Things Can Happen. And if we want to avoid the steel example of a collapse in the given industry, tariffs might be needed.

Are export tariffs a thing?

Yes, but they are much rarer, and can largely be defined as "oh my god, everyone please stop getting rid of this really important resource by selling it to foreigners for a big buck, we are depleting this crucial resource."

So what's the big confusion right now?

Donald Trump has, on a number of occasions, talked about 'making China pay' tariffs on the goods they import into the US. This has led to a belief that is not entirely unreasonable, that China would be the side paying the tariffs.

The view this statement engenders is that a tariff is a bit like paying a rental fee for a seller's table at an event: the producer or merchant pays the host (or landlord or what have you) a fee to sell their product on the premises. This could be a farmer's market, a renaissance faire, a comic book convention, whatever. If you want to sell at the event, you have to pay a fee to get a space to set up your table.

In the eyes of the people who listened to Trump, the tariff is that fee. China is paying the United States for access to the market.

And, technically, that's not entirely wrong. China is thus paying to enter the US market. It's just the money to pay that fee needs to come from somewhere, and like most taxes on goods, that fee comes from the consumer.

So... what now?

Well, a lot of smaller US companies that rely on cheap goods made in China are buying up non-perishables while they can, before the tariffs hit. Long-term, manufacturers in the US that rely on parts and tools manufactured in China are going to feel the squeeze once that frontloaded stock is depleted.

Some companies are large enough to take the hit on their own end, still selling at cheap rates to the consumer, because they can offset those costs with other parts of their empire... at least until smaller competitors are driven out of business, at which point they can start jacking up their prices since there are no options left. You may look at that and think, "huh, isn't that the modus operandi for Walmart and Amazon already?" and yes. It is. We are very much anticipating a 'rich get richer, poor go out of business' situation with these tariffs.

The tariffs will also impact larger companies, including non-US ones like Zara (Spanish) and H&M (Swedish), if they have a huge reliance on Chinese production to supply their huge market in the United States.

If you're interested in the repercussions that people expect from these proposed tariffs on Chinese goods, I'd suggest listening to or watching the November 8th, 2024 episode of Morning Brew Daily (I linked to YouTube, but it's also available on Spotify, Nebula, the Morning Brew website, and other podcast platforms).

[dostoyevsky-official]

U.S. Chamber: Tariffs Are Not the Answer

U.S. Chamber of Commerce Senior Vice President and Head of International John Murphy released the following statement regarding President Trump's announcement that the administration will implement 25% tariffs on Canada and Mexico, and 10% tariffs on China:  "The President is right to focus on major problems like our broken border and the scourge of fentanyl, but the imposition of tariffs under IEEPA is unprecedented, won’t solve these problems, and will only raise prices for American families and upend supply chains. The Chamber will consult with our members, including main street businesses across the country impacted by this move, to determine next steps to prevent economic harm to Americans. We will continue to work with Congress and the administration on solutions to address the fentanyl and border crisis."  

we're going to see if trump and co. really control the country or if capital is about to discipline its lackeys

[my-traders-arena]

https://www.instagram.com/p/DFrfUFxzeAQ/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==

[saywhat-politics]

BOGOTA, Colombia (AP) — U.S. President Donald Trump said Sunday that he was ordering tariffs, visa restrictions and other retaliatory measures to be taken against Colombia after its government rejected two flights carrying migrants.

Trump said the measures were necessary, because the decision of Colombian President Gustavo Petro “jeopardized” national security in the U.S.

BREAKING: Trump has just announced a 25% tariff (will increase to 50% next week) on all goods imported from Colombia in response to the Colombian government's refusal to accept two flights of deported immigrants.

This move is expected to lead to price hikes for American consumers on everyday essentials and commodities, including gasoline, coffee, flowers, precious stones and metals, trees, fruits, nuts, and crude petroleum. The economic impact of these tariffs could ripple through multiple industries, driving up costs for households across the country.