patrick.net

https://www.coffeeandcovid.com/p/the-occupation-saturday-february

NBC ran a story yesterday headlined, “Trump to impose tariffs on Canada, Mexico and China on Saturday, White House says.” He said he would do it, he is doing it, and yet the media is still freaking out. Clearly, the idea of a president who actually does the things he promised during the campaign is completely disruptive. We didn’t think he’d actually do it!




Yesterday, Press Secretary Karoline Leavitt confirmed that, starting today (Feb. 1), as promised the U.S. will impose a 25% tariff on all goods entering the U.S. from Canada and Mexico and a 10% tariff on goods from China. The President stressed that he wants to encourage the three countries to do more to stop illegal immigrants and fentanyl from entering the United States. ...

The media has no idea how any of this will play out. Nobody does. Trump is making big moves, disrupting the old order, and it is probably impossible to predict exactly how things will go down. Assuming Trump doesn’t pull some kind of surprise rabbit out of his hat, like new trade deals with the three big trading partners, then there will be a period of economic adjustment.

Get ready for daily articles whining about how the tariffs increased the price of this product or that product.

Almost every country depends on the USA in one way or another.
Also, many people talk shit about the USA.
Fuck them all.
Fuck also those shithead traitor Americans who make money replacing American workers with foreigners.
My brother had his roof replaced recently. He told me that all of the guys were foreigners, but he saved a bundle on it.
"Don't worry; you'll pay more than the money you saved on that roof in April. Your taxes will help support the bastard children of those illegals."

Trump signed the Tariff orders. They take effect Tuesday.

Trump started off the tariffs with a 25% tariff on goods from Mexico and Canada (Canadian oil only gets a 10% tariff).

Following that he added 10% onto China's tariffs.

The biggest is that he removed the exemption for tariffs on goods priced less than $800.

Also, the tariffs immediately escalate if there are reprisals put on US goods.

https://www.nytimes.com/live/2025/02/01/us/trump-tariffs-news#canada-mexico-china-trump-tariffs

DOGEWontAmountToShit says

Why not just close the fucking border for illegals and drugs from their side?

RWSGFY says

Why not just close the fucking border for illegals and drugs from their side?

They can't. Border is too big. It's like either the #1 or #2 longest unsecured border in the world.

The Canadian and Mexican tariffs are stimulants to the people being wrung out to rebel against their incompetent and abusive governments at last. When businesses start collapsing and they go into more or less immediate recession, the comrades and cartel installations won't be looking so good any more to their people (or, just worse than ever). Combine that also with aggressive military action against the cartels.

DOGEWontAmountToShit says

RWSGFY says

Why not just close the fucking border for illegals and drugs from their side?

They can't. Border is too big. It's like either the #1 or #2 longest unsecured border in the world.

They have an army, don't they?

RWSGFY says

They have an army, don't they?

I'm not even sure Canada has an icebreaker anymore.

Trudeau announced 25% on US imports.

There's only one problem. 75% of Canadian exports go to the USA. Only 12% of US imports come from Canada.

Canada alone is not even California in population. They need them far, far, far more than we need them. Big difference in leverage.

AmericanKulak says

There's only one problem. 75% of Canadian exports go to the USA. Only 12% of US imports come from Canada.

Alright! Ppl read my shit!

DOGEWontAmountToShit says

AmericanKulak says

RWSGFY says

They have an army, don't they?

I'm not even sure Canada has an icebreaker anymore.

Yeah, they even rented Leo-2 tanks from Zee Germans when they were deployed in Afghanistan.

Per democrats' propaganda, tariffs are paid by USA and will increase costs of products for every American.

Humm, why than Canada and Mexico wants retaliation tariffs, just to tax themself?

REpro says

Per democrats' propaganda, tariffs are paid by USA and will increase costs of products for every American.

Humm, why than Canada and Mexico wants retaliation tariffs, just to tax themself?

Also, why then aren't they screaming about sales taxes too?

Quite the virtue signals from somebody fake elected on a wave of Cartel political murders. But then, that's their way, isn't it?

And, just like that, the Mexican President tells all her cartel buddies to pony up a fake Potemkin drug interception. Suddenly, they are all competency, morality and alacrity.
Like here, the stuff will be warehoused, inventoried then back on the street in short order through corrupt officials. No harm done to the profits, maybe an extra cut for the politicians and police.

Funny how they knew so fast after the tariff information how and where to make the busts.

I guess nobody told them this isn't the best way to impress your host country that you should be allowed to stay. Maybe some of them will accidentally be included on the planes destined for firing squads in Colombia and Venezuela.

DOGEWontAmountToShit says

AmericanKulak says

There's only one problem. 75% of Canadian exports go to the USA. Only 12% of US imports come from Canada.

Alright! Ppl read my shit!

DOGEWontAmountToShit says

Also:

If Free Trade worked, economists would be pointing to your wallet, to productivity and wage gain relationship improving rather than seperating wildly, to median wages rising faster than inflation.

They wouldn't blabber about theories.

The moment they say "It would have been worse without it." ask them if they applied to the Nobel committee for inventing an alt history multi-dimensional scanning machine.

ALL of the evidence is that the US is better off with tariffs. Most of our greatest GDP growth was when the tariff was north of 30%.

This is fucking rad!

Britain didn't have Free Trade until 1860, after the steam engine, massive ironworks, etc.

The UK was criss crossed with countless railways by 1860. Even the US East Coast had thousands of miles of rail North to South - all built under a tariff regime we'd consider very high today. Those US tariffs would continue for about another century, and Britain would re-impose tariffs after WW1 to save it's industry and not have a Communist revolution, and of course they'd have been dead ducks 20 years later if they had freely traded their industrial base away.

The highest tariff we ever had was after the Panic of 1890, thanks to McKinley and the Republican Party.

Somebody go look at the growth rate of the US back vis-a-vis "Hurr Durr Free Trade strangle growth according to chalkboard theory but not actual reality"

BTW, Norway's Avg Tariff is very different than the specific 200,300,400% tariffs they have on meat, chicken, vegetables... all things we in the States could provide far chaper.

That's why "Hurr Durr avg. tariff only single digit percent" is a dodge.

It's not the total tariffs on all the internationally ordered categories of everything, it's in what's a competitive advantage that counts.

If China had 6% on Construction Machinery and Cereals (it's 20%+) nobody in the States would care their average rate on pink lawn flamingos and pencils was also only 6% or if their tariff on coffee was 50%.

Why is Canada choosing trade war rather than securing their border and stopping illegal drug smuggling and human trafficking?

Only one reason that makes sense.

Looks like they've been profiting off it.

Ha ha. We can make our own Canadian bacon, hosers!

The Kobeissi Letter
@KobeissiLetter
The trade war has officially begun, here’s our take on it:

1. New tariffs of 25% on Mexico, 25% on Canada, and 10% on China are now live. We must first put this into perspective

2. Mexico and Canada’s exports to the U.S. account for approximately 78% and 77% of their total annual exports, respectively

3. U.S. exports to Mexico and Canada account for approximately 16% and 17% of total U.S. annual exports, respectively

4. U.S. exports to Mexico and Canada are ~$320 billion and ~$360 billion respectively, which is less than 2.5% of U.S. GDP

5. On the other hand, these exports represent 20%–30% of Canada and Mexico’s GDP. This trade war is clearly lopsided

6. The real wildcard here is how China will respond to the additional 10% tariff. We expect higher prices for consumers soon

7. This comes at a particularly important time as DeepSeek has disrupted AI, and the U.S. is probing potential illegal chip purchases in China

8. The combination of a trade war and potential new chip bans could significantly weigh on technology stocks

9. U.S. officials are being careful with their comments regarding chip bans and the DeepSeek situation for a reason

10. If these tariffs persist for more than a year, we expect U.S. economic output to decline by an average of ~2% per year through 2026

11. Unless oil prices drop by 80% to ~$15 per barrel, it is unlikely that lower energy prices will offset the effects of tariffs and existing inflation

12. Higher interest rates are here to stay through at least Q3 2025

13. President Trump’s threat to impose 100% tariffs on BRICS countries (which could include more than 30 nations) poses an even greater risk

14. The average U.S. tariff rate is set to rise to ~22% under President Trump—more than 5 times the average over the last 30 years

As an investor, you CANNOT change the market. You can only react to CHANGES in the market.

The coming volatility will be a tradable opportunity.

https://x.com/KobeissiLetter/status/1886063811687293276

DOGEWontAmountToShit says

The coming volatility will be a tradable opportunity.

Always is.

Her targeted audience are LP voters in Canada, not Americans.

https://youtu.be/-o7XTmd89KM?si=YxISlzx_CFd7dRNx

RWSGFY says

AmericanKulak says

RWSGFY says

They have an army, don't they?

I'm not even sure Canada has an icebreaker anymore.

Yeah, they even rented Leo-2 tanks from Zee Germans when they were deployed in Afghanistan.

But in reality you don't need tanks or icebreakers to seal the border - just lotsa boots on the ground and drones in the air. So I still don't understand the choice they made.

RWSGFY says

But in reality you don't need tanks or icebreakers to seal the border - just lotsa boots on the ground and drones in the air. So I still don't understand the choice they made.

You DO need them to guard the arctic, another job the Canucks have passed on to the USA by underfunding their military.

AmericanKulak says

RWSGFY says

But in reality you don't need tanks or icebreakers to seal the border - just lotsa boots on the ground and drones in the air. So I still don't understand the choice they made.

You DO need them to guard the arctic, another job the Canucks have passed on to the USA by underfunding their military.

I doubt fentanyl and illegals arrive from the Arctic so I'm sure a deal along the lines of "we seal our land border NOW and do this and that in Arctic over the next 2 years" could be made.

The real problem with Canada is the money laundering in Toronto Casinos, Ottawa real estate equity loans, etc.

Trudeau has the story that a former RCMP official worked for a Chinese Fentanyl Kingpin under a media gag order in Canada.