patrick.net

WookieMan says

mell says

RWSGFY says

OK, tariffs are in. Where is my Federeal income tax reduction?

Agree on this. There needs to be a follow up

Blunt question. Anyone here pay federal income taxes anyway? I get the vibe most don't or it's $5k or less.

Would be nice

Trump ressurected Canadian Nationalism in just hours!

AD says

how much more will pay at the gas pump ?

Maybe I'm a spoiled shit head, but I just don't care about gas prices until they hit $10/gal. I don't drive all that much.

But if they go up, demand will slow. State governors will do temporary freezes on gas taxes because it usually takes at least a year to use the funds and will kick the can down the road as usual. They figure a way to make it up in the future.

I don't think we'll pay more at the pump though. Some states will because of EV's not pulling their weight in the economy. They bring up the MFT taxes or they need to start charging EV taxes based on electric use. Bad public policy to charge 90% of the population and let 10% and rising pay nothing for infrastructure.

This is where Musk has an issue in the Trump admin. His cars need to be taxed a fair rate. They're not if you charge at home. I don't want any highway paid for with federal dollars to allow EV's. Make it a $1k fine or some insane number. Or figure out how to charge kWh at home or at the charging station.

I hate regulation and taxes, but if you don't have a road to get to work, enjoy. The grid will shut down.

WookieMan says

Blunt question. Anyone here pay federal income taxes anyway? I get the vibe most don't or it's $5k or less.

I had 85K withheld for 2024 just for federal taxes. No idea how much I will end up paying until I file.

I suspect that Mexico will bend the knee pretty quickly. Canada, not so much since Justin Castro-Trudeau doesn't care if Canada burns to the ground (in fact, he might actually like that).

https://www.coffeeandcovid.com/p/none-shall-sleep-monday-february

Trump’s tariffs could force American companies to re-invest in America, just as the sanctions forced Russian companies to re-invest in Russia. It would be a bold, audacious plan, and affected industries will screech like chickens finding their nests emptied, but as the sanctions did for Russia, Trump’s tariffs could spark a renaissance and Golden Age here in America, too.

The myopic media is mired in its fear of a “trade war.” True, a trade war is possible. Maybe likely. Mexico, Canada, and China could all impose reverse tariffs of their own on goods they import from the US. But paradoxically, that trade war might just pour jet fuel into Trump’s plan.

Under a trade war, as U.S. companies face mounting costs for imported goods, domestically made products will have a natural competitive advantage. Reduced imports will mean increased American business. The economic dislocation might be painful in the short run, but it will create incentives for American firms to reinvest domestically, maybe by a lot. If Trump can pull this off, shifting from foreign imports to domestic manufacturing would improve innovation, generate jobs, and revive dying industrial cities all over the United States.

Don’t buy media’s short-sighted narrative about tariffs and high consumer product prices. That narrative is a distraction from Trump’s real and audacious plan. I assume (or hope) that Trump will couple the pressures to repatriate American manufacturing with massive de-regulation and maybe other strategies we haven’t seen yet, creating terrific incentives for manufacturing things here at home.

Mexico just bent the knee.

zzyzzx says

Mexico just bent the knee.

They have to. I'll still go to Mexico but the MAGA crowd might stop. It's not just tariffs. They lose 10-20% of tourist that avoid the place, they have an even bigger problem. People will just go to FL for warm weather or Puerto Rico, USVI to get warm weather, no passport.

Most people I talk to are afraid to go to Mexico anyway. Even just 5% hit in tourism would be massive for the country excluding tariffs.

WookieMan says

They lose 10-20% of tourist that avoid the place,

At least the East coast cruise ships will no longer stop at Mexican Ports. The new port tax per person is reason enough to not go there.

zzyzzx says

Mexico just bent the knee.

Yep.

WookieMan says

They have to. I'll still go to Mexico but the MAGA crowd might stop. It's not just tariffs. They lose 10-20% of tourist that avoid the place, they have an even bigger problem. People will just go to FL for warm weather or Puerto Rico, USVI to get warm weather, no passport.

Most people I talk to are afraid to go to Mexico anyway.

Cruise ships will make extra stops to nearby Belize, Bahamas and Dominican Republic also. But agree on San Juan Puerto Rico could benefit a lot from this. I use to be stationed at NAVSTA Roosevelt Roads.

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WookieMan says

Most people I talk to are afraid to go to Mexico anyway.

Why would I want to even get off the cruise ship in a shithole? Unless it's a cruise line owned island, complete with a dock or something. Otherwise, I would get off the boat in Florida or any other US port.

zzyzzx says

Why would I want to even get off the cruise ship in a shithole? Unless it's a cruise line owned island, complete with a dock or something. Otherwise, I would get off the boat in Florida or any other US port.

You have to get in the mindset such as that of someone from rural Wisconsin or Minnesota coming down for a couple of months for winter vacation in South Florida.

They want to visit an exotic place so "shitholes" like Belize, Nassau / Bahamas, Puerta Plata / Dominican Republic, and San Juan / Puerto Rico are exciting to them.

San Juan has El Morro which is a fascinating place to visit, besides the Bacardi Rum factory.

Belize is fun cause you can easily visit Mayan ruins there.

Also Havana / Cuba was getting a lot of cruise ship tourism because of its exotic appeal.

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Trump orders military to Bud Light bomb Canada.

Canadians are becoming enemy of 🇺🇸.
Trump is making all neighbors hate USA and it will allow China and Russia to show up in 🇺🇸 neighbourhood soon.

Such a dumb moves!

Canada is a nidus of Globalist and foreign contagion encirclement to the USA. We pay them to subvert us, and Soros and MI6 and Dominion regard it as their happy playground operating from Ottawa and Montreal. They were so easily conquered by KommieKunt revolutionaries and now scream and weep that they are being abused when it is their new job to feed Satan with their suffering and wailing.

They should grab on to the opportunity to join Trump with both hands and feet.

Ceffer says

Canada is a nidus of Globalist and foreign contagion encirclement to the USA. We pay them to subvert us, and Soros and MI6 and Dominion regard it as their happy playground operating from Ottawa and Montreal. They were so easily conquered by KommieKunt revolutionaries and now scream and weep that they are being abused when it is their new job to feed Satan with their suffering and wailing.

They should grab on to the opportunity to join Trump with both hands and feet.

Ok if Trymp want Russian/Chinese bases in Canada/Mexico/Panama whatever this is great move.

MAGA crowd is serving world order to China on platter.
Penny wise —Pound foolish.

Canada is full of whiny gashes who want government healthcare, childcare, education and such. They won't join no matter what.

AD says

I use to be stationed at NAVSTA Roosevelt Roads.

I was there for a few days while we flew a joint exercise with the Navy. I remember the great snorkeling and that Navy pilots are nuts.

Hitler is informed about Trump's trade tariffs
https://youtu.be/ghVjOrgCMqM?si=MIqkTeEPDVo-Ohdl

TechBrosWon says

Ok if Trymp want Russian/Chinese bases in Canada/Mexico/Panama whatever this is great move.

MAGA crowd is serving world order to China on platter.
Penny wise —Pound foolish.

must be working good...you like Cramer on CNBC so its smart to do opposite of what you pro-Chicom cucks want or recommend

.

Err, about the horrible Trump tariffs on our wonderful friendly countries:




https://t.me/followsthewhiterabbit/105339

Ok, the extra 10% tariff on Chinese goods is in effect.

Don't forget the biggest boost that items under $800 get the full tariff now. Previously they were exempt.

China does some weak sauce counter moves. Really small, but soybean prices are down signaling commodity players views that China will be buying elsewhere again.

https://www.bloomberg.com/news/live-blog/2025-02-03/trump-tariffs-live-updates?srnd=homepage-americas

Misc says

Don't forget the biggest boost that items under $800 get the full tariff now. Previously they were exempt.

This is huge.

The other big must is to shakedown the International Postal Union and get them to admit that China is no longer the poorest class of country, as if they were stuck in 1957, but a developING country that would get far less subsidies.

Yes, the IPU actually subsidizes China so much, that they can airmail packages from Beijing to California cheaper than what it could cost a US business to ship a similar weight package from Sacramento to San Francisco.

Folks really don't know how tenuous China's advantages are, and how much they depend on special treatment.

https://www.coffeeandcovid.com/p/trumped-tuesday-february-4-2025-c

Despite dark Democrat predictions of doom and financial apocalypse, the Trump tariffs did not result in a global trade war yesterday. The AP ran the story headlined, “Trump agrees to pause tariffs on Canada and Mexico after they pledge to boost border enforcement.” It was that easy.

The “deal,” if you can call the short stay of execution a deal, involved substantial commitments from both North American countries to deepen their investments in border security in exchange for a one-month delay in the tariffs.

What may really be happening is that, having gotten Mexico and Canada to their first “yes,” Trump plans to continue renegotiating the main trade agreement from his first term, the USMCA, which replaced the previous long-standing agreement, NAFTA. The negotiations have to be framed in terms of emergency border protection and drug enforcement, so Trump can keep using his emergency powers to dicker about the money.

Perhaps unsurprisingly, the tariff standoff with China was not resolved yesterday. Not yet. The AP’s related story carried the headline, “China counters with tariffs on US products. It will also investigate Google.” Unless there’s a deal, cell phones, which already cost more than a five-day Caribbean cruise, will soon come with mortgage applications.




But China’s counter-tariffs could perhaps be more properly viewed as “negotiating.” According to the AP, “Trump plans to talk with Chinese President Xi Jinping in the next few days.” So we’ll see.

Democrats had hoped for something more … dramatic to complain about. Not this time. The narrative has shrunken to something like, yeah, but anybody could have done that.

Patrick says

🇺🇸 is seen as non serious nation due to this drama.
China will become superpower, Xi is so much smarter than Trump.

Dollar collapse is on us, We were living beyond means and the bill come due. Trump could have delayed this but accelerated the decay.

Patrick says

Canadian TV did this a few month ago. Before Trump was sworn in. And they nailed it perfectly.

(The below quote will trigger @WookieMan. Beware!)

DOGEWontAmountToShit says

From Canadian TV a couple of months ago.

They called it!

Patrick says

Newsflash: it's possible to transport oil and gas via pipeline going through another country while not selling any of it to the said country.

RWSGFY says

Newsflash: it's possible to transport oil and gas via pipeline going through another country while not selling any of it to the said country.

If it enters the country, it's an import. Period.

DOGEWontAmountToShit says

RWSGFY says

Newsflash: it's possible to transport oil and gas via pipeline going through another country while not selling any of it to the said country.

If it enters the country, it's an import. Period.

Not under CUSMA it's not. Or rarher it's not subject to tariffs.

RWSGFY says

Not under CUSMA it's not. Or rarher it's not subject to tariffs.

Prove it. Especially when that oil gets mixed in with ours. <-- gotcha!

DOGEWontAmountToShit says

RWSGFY says

Not under CUSMA it's not. Or rarher it's not subject to tariffs.

Prove it. Especially when that oil gets mixed in with ours. <-- gotcha!

AFAIK that shit (oil, gas, etc) is handled by volume. I.e. they measure how much enters at one side and exits at another. So mixing has nothing to do with it.

DOGEWontAmountToShit says

RWSGFY says

Not under CUSMA it's not. Or rarher it's not subject to tariffs.

Prove it. Especially when that oil gets mixed in with ours. <-- gotcha!

Prove it doesn't. Gotcha more.

Any goods passing through are exempt from the custom duties and tariffs under that agreement. Expand on mixing: who mixes what and why?