U S A Economy will tank with tariffs ?

Voted Trump.....3 X........would vote 4th X.... if I could. .....but he's bit off more than he can chew with tariffs........today is start of dems winning 2026 midterms......new housing construction in U S A......cannot survive with out Canada's and Mexico's products.........Trump's narcissism just will not end.......hold on to your hat if you ....your kids.....or your grandkids......will be affording a new home in near future.......

Guess he better get it all done in 2 then.

I think “tank” is a bit exaggerating. There will be winners and losers, but the bubble will closer to being between the lines. If you are in a business that has been wringing its hands because the government had its thumb on the scale, better brace yourself. More so if you have been walking that wire and are just now thinking about a net below.

Do you studder in real life?
And for your information the Paso a the Canadian dollar have both toke a nose dive
How old are you?

Your pretty narrow minded if you think tariffs are going to effect prices of this country we've been getting the shaft for years on tariffs.what about all the money that went to Ukraine,all of the military equipment that was left overseas let alone the illegals that are here and how much have we given them.not sure what kind of budget your running but it's kind of hard to keep spending if you don't have it to spend or get something in return.i get tired of people saying I voted for trump but now the tariffs are going to make everything more expensive THE MAN IS KEEPING HIS CAMPAIGN PROMISE it's more then you can say for most politicians. How was the economy when he was in office last time.

Both the Canadian dollar and Mexican peso are at about their lowest value, compared to our dollar, that they have been in a year. Most of the other world currencies are at a low point against ours too. That's good evidence the US economy is doing well compared to other countries.

Of the major currencies only the Japanese yen is up against the dollar and it's only up 1/10th of a percent.

Keith

You will have some pain with life saving surgery, I don't think this will be any different so buckle up.

It may seem worse than it is because prices are already at an all time high because of foolish spending that got us nowhere. Time to right the ship!

People need to study history of the USA and tariffs. Especially from the 1880’s - 1920’s.

Bingo

I wouldn't worry to much about it. The same people who claimed 46 was of sound mind are the same people who claim catastrophic economic results will occur with 47's tariffs.

I doubt the tariff's will be in effect long enough to hurt anything! Not sure why everyone thinks these are forever, just a bargaining chip he's using.

I know this part of your statement is completely off base. I've spoken with the owners and managers of three of the four building supply yards about the upcoming tariffs. These guys supply eastern PA and northern Jersey with lumber and other building materials.

They tell me that the majority of their construction grade lumber never came from Canada, 60-70% is sourced from American suppliers. They will not be purchasing any high-dollar (due to tariffs) Canadian softwoods but will begin to source more from American suppliers.

They did say that there may be short-term supply shortages and the resulting price increases while American suppliers ramp up production but that will only be temporary.

That is pretty much one of the desired effect of the tariffs isn't it? To have American companies ramp up production?

I don't know where the big box stores get there lumber from because I don't buy from them, so your mileage may differ.

Spock out.

Oh and, the insanely high price of homes has very little to do with the cost of lumber.

Already more than 14% tariff on Canadian lumber. Maybe now someone will build a softwood stud mill in the northeast USA, instead of us exporting our spruce and fir logs to Quebec. Blanchett a Quebec softwood lumber company already owns Milan lumber in NH, maybe they will expand their operation there helping create more US jobs and contribute to US economy.

We don't need Canada, Canada needs us so ..your move Canada

You forgot the Smoot-Harley tariff. Read up on it.
Canada has been doing you so dirty selling you so much crude at a discount that you in turn make 100’s of billions of it once refined. Yes, it’s a win for us but acting like it’s some sort of dirty move because your leader who can do no wrong says so doesn’t actually make it true, it just makes you a guzzler of “the kool aid”.

The three large News Outlets will brain wash the people once again and tell them the worst and to hate the Man.

Just wondering why Canada don't keep the bad grade oil and refine it and make billions for themself?

I knew that response was coming, it was a given. lol
Some YouTuber, authority on X or Facebook is clearly better for hearing what you want to hear.


And I think we both know why Canada doesn’t keep all of that and refine it themselves, asking that is like asking why the USA sells corn to Mexico.
Of course You have a trade deficit, you need a lot of stuff because you have a lot of people. The crude is the main reason for it and you turn it into a surplus.

My son asked me to checkout a show. The wife and I gave it a watch, it was on cbs. Unfortunately the show was interrupted by commercials. The product commercials weren’t that big a deal but the station promoting commercials were over the top. lol

Absence of intelligence?

so your saying it will do exactly the same thing his tarrifs on steel did the first go around. Who would have thought?? Temp price increas and then price drops to lowered level than before. And more Americans to work and larger gdp.

It's easy to look into yet so many just jump on the hysteria of the media. Great post by the way.

That is what I was thinking. If that is the case, it isn't very smart as a business/country to not better it's own.

Lumber???
I had 9 30" white fir butt logs here that could not find a buyer.
While A sheet of flooring plywood, or ONE SS 2x10 12 was $60 each.
Weather event, supply chain, influenza my hyner.

Too many involved that don't do a dam thing.
Crankcase out lol.

What would Reagan think?

Cause they need to make them Tortilla's.

In the grand scheme of things the USA economy will be just fine with these tariffs. Using 2023 data, Texas has the worlds 8th largest GDP whereas Canada is 12th, Russia is 13th and Mexico is after that. Last time I checked Texas was not even a country! The USA GDP is close to 28 trillion dollars while Canada sits close to 3 trillion dollars.

Chris

Most of these guys have no clue about that "RINO."

Everyone who comments that tariffs are good or that Daddy Trump is just inflicting a little short term pain should post their portfolio balances and losses Friday and today. I bet most of them have no real skin in the game.

That was the point of my post, I actually knew why. And you import tortillas. They should be mad about getting screwed on the corn by your oil logic.

If you lost money because of the tariffs it's ur own fault. We knew they were coming right?

I had larger losses in the dip last fall. And today im.still up 25%. You must not be much of an investor if short term market fluctuations effect your mind set. I absolutely love when the markets have corrections. That's when I buy more at the discount prices.

Lol.....the sky is falling .....lol.....No everything will be just fine.

1880-1920……. Do you guys still fight wars by lining up your soldiers in the open with a friggin marching band playing tunes in the back?….lol
How come only our oil gets 10%? You still want the 400 million barrels a day?
Sounds like most wanted this, well, you got it.

What really scares me is Turdo envoking the Emergency Act and prolonging our liberal government!!!

U claim to have voted for Trump and would again but claim he's a narcissistic and is going to ruin the economy for generations by doing what he campaigned he was going to do. Based off some of ur postes I'm starting to wonder if ur an anti/ leftist here to troll us

Who else can the guy vote for? Harris? There was no options for you.

Your not the only one on here that thinks he's an anti

McCoy out

Why are you two constantly try to derail an otherwise good conversation with your political bullcrap?

Sometimes it has to hurt before it gets better. A doctor when removing cancer takes a margin of good healthy flesh out with the cancer. If it takes that to get me healthy again I’m all for it.

We have more oil in the US than Canada. Probably have more just in KS. Certainly in any one of TX ND or CA. If the Canadians are unhappy maybe the answer is to petition your government to exclude US sales? The oil market is global after all.

Shakey, we know why the oil they don’t need only gets ten percent.

Thinking we’re screwing your on oil is like retail stores and packing plants thinking the rancher raising the beef is screwing them. Lol

The way it works you just don't buy corn chips from mexico or whatever they make from them. Find an alternative or do without. If the tariffs effect you they shouldn't don't their whiskey or corn chip or what ever they have to sell if you don't want to buy at a higher price.

Here is Trump early this morning.

https://www.foxnews.com/politics/tr...a-being-very-abusive-united-states-video

But isn’t your oil more like tar? It’ll screw up your refineries….lol.
You guys gotta watch Landman and learn how the world of oil works!

Energy prices rose overnight. Natural gas up nearly 9%.

Lugnut is correct ..most of an American house is American materials, even if you use Canadian Lumber, the tariff doesn't add up to that much...lumber is the cheap part of a house

I'd rather legalize fentanyl and give it to the losers who want it for free. Problem solved permanently. Way better than tanking the economy.

And, this is not about fentanyl.

I hope people can pay cash for the house.

Big sell off on Wall Street today. Hopefully his plan is a good one.

True there was nothing political here until I posted.

When a news outlet continuously makes seemingly constant hate speech and tells outright lies about a candidate or sitting president while providing cover for his opposition, I tune out.

If you are into the sky is falling and Trump bites the heads off babies crap maybe you could DVR The View and watch it 2 or 3 times a day.

Meth too. Five gallon bucketful. Would be cheaper. A REAL war on drugs will work. Need to go after American distributers. there has to be American cartels to facilitate the amount of drugs available. I suspect that just like in Mexico there are people powerful enough they are near untouchable.

There’s different types of oil

Alberta/sask medium/heavy crude is primarily used for diesel,,,, the state’s has very little

US shale is primarily used for gas,,,,,the states has a lot

The two are not interchangeable. Even if you change the refinery configuration

The entire transportation industry runs on diesel as we all know

Danny, you're right about the market being global. However "but we probably have more in Kansas" shows your lack of knowledge. Saskatchewan itself has three times more than Kansas. Does it make a difference in the whole thing? No. But "probably" isn't the best way to take on persuading somebody.

Unless something has changed, the original purpose of tariffs had nothing to do with trade or prices or any of that. It was to stop flow of illegal migrants and drugs from across both borders. Fentenayl made in Mexico killing 100,000 per year ring a bell? All either country had to do was stop the drugs and illegals.

In Trump speak, tariffs are an economic club used to beat countries into submission. All the news reports want to talk about is price of booze and avacados going into super bowl guacamole dip. They leave out the original intent.

What is missing is an objective measure these countries can meet to get tariffs lifted.

I agree that the flow of migrants is an issue and needs to be remedied. But don't buy into the flow of fantanyl from north nonsense. Your border agency, and I say again, your agents that are responsible for stopping things entering, stop fentanyl coming into your country. Less than 1 % of that is from the north.

Appears the story has changed to how tariffs are going to make the U.S. prosper like they did in the 1890's1.

It is 100% political propaganda.

Only 2 or 3 times a day? Where would BC get the rest of his talking points?

38% of American favor tariffs and many of them can’t spell it.

Why do you respond to them? lol

How much cocaine is in the White House, or Parliament? The hardcore users want their stuff cut with fentanyl. It’s the casual rich boy that’s scared crapless of waking up dead one morning. They gotta really trust their supplier ain’t going to cut their stuff.

I wonder how Trumps phone call went? Apparently they’re going to talk again at 2PM central.

As for everything being American in your household except for the lumber…… Look around right where you’re sitting, are you so naive or just the type that can’t pour water out of a boot without instructions on the heel?

I guess it's like watching a train wreck, hard to not look and not respond in some way.

Legalize all of it and the drug problem would be solved.

And, end welfare (including Medicaid and fake disability welfare) and people will get to work--or die. We won't need illegals to build houses, push lawn mowers, work in the oilfield, etc.

Much simpler than tanking the U.S. economy with a political gimmick. But, admittedly, if Trump eliminated welfare he would lose a huge chunk of his base.

You need to kick the habit. lol

[quote=Blaine County]Legalize all of it and the drug problem would be solved./quote]
No, not really. The government sticks their hands in it, regulations etc….the price skyrockets and maintains the black market. Trudeau legalized dope, there’s still a huge black market for it.

a correction is long over due. Stocke are extremely over valued and have been. I still dollar cost average about 60% of my investment amounts but keep some in cash to catch market opportunities. So far it's not enough to get me to buy yet.

Why is there water in my boot? I guess it is going to be one of those days.

Then give them what they want for free. Still better than tanking our economy and yours. It would be a short term expense.

Trumpster does have a legitimate beef with Canada as far as fentanyl goes,,,

We have a massive fentanyl problem and it’s very naive to assume they are catching everything

We have a massive Chinese influence/money laundering problem tied to Chinese

It needs to be cleaned up ASAP

The Indians(dot) have taken over the trucking industry,,,,

And we’ve had no shortage of card carrying terrorist caught at the border,,


All of this could be resolved very fast

Correct

If I remember right.......I voted Regan....... 2 X back then........he gave us.......................
Arms for hostages................
and Amnesty for ..........2.5 + - million... .... .illegals
I'd vote for him again though.....
.was overall great president

You forgot the 1986 hues amendment

What was the question?

don't confuse him

i want to say hi from canada your biggest trading partner in the world and i hope this doesnt last long for both countries you buy 60% of your oil from canada which starts to be tariffed this week yes we ship a s@^t ton of lumber south ,hope no one is planning on buying a new car in the near future as most parts are made either in canada or mexico than shipped to the usa to be assembled from what i understand most of your iron and aluminum comes from canada.if this gets to serious ny,ohio michigan and a few other states may feel the impact a little more as there is also talk of shutting off the power(electricity)that we supply the usa today is the last day that american liqour will be on the shelves here in canada hopefully as a trappng website we all can stay friends and maybe continue selling your fur in the future as well as canada has the only remaining auction house

Not sure where the legitimacy is. Is there some fentanyl coming from Canada? Yes there is some. Last year 19kg of it was seized at the Canadian border. For the entire year. The Mexican border? 9600kg

Days!?! It’s been that kinda winter for me!


But you know how all governments work, they want a piece of the pie and the power to regulate it.

K- 9 HUNTER. X 2...........you .....me......and only few others on this forum are
rational....logical......and can use common sense.....thanks for posting....

NWO,,

If you look at the size/amounts of actual fentanyl(+ ingredients) that being caught(which is likely only a fraction)

And who’s running the labs

The amount greatly exceeds local consumption,,,,,hugely!!!!

It’s going somewhere

They just aren’t catching it

You are making assumptions without any facts. US border patrol has the ability to check anyone and everyone crossing into the United States. The fact is that compared to what they are seizing at the southern border what finds its way across from Canada is minuscule. Not absent but minuscule.

X2

It all needs to stop coming across the border.

NWO

No, I’m repeating what I’m being told from CBSA employees

Definitely trolling

It appears Mexico is starting to cave. Mexico said they are going to send 10,000 troops to the border and Trump agreed to a one month reprieve for them on the Tariffs. Canada is now saying they want talks.

It can't be working because it's a terrible idea

Yeah, the Canadians told us so. lol

It won’t ever stop entirely due to the massive demand by Americans for these drugs.

Let’s assume for a second that what you are saying is true and the 19kg are a fraction of what’s crossing. That would also mean that the 9600kg from Mexico is also a fraction of what’s coming in. So again. The big problem is still to the south and I’ll take published stats over second or third hand opinions from someone who may or may not work for CBSA

The drugs coming across the border won't stop completely. However, if it's cut in one-half it will be a win.

It certainly would be a win and I hope it can be achieved. The opioid crisis is felt in both our countries

That will cut into the CIA off the books operating capital a lot I would guess.

Looks like the tanking economy is over for now, have to say that was one tough 3 hours.

If memory serves, drug problem from Canada is in form of coke and heroin, which is smuggled into Canada in shipping containers, almost none of which are inspected. Once in, getting that over the border is not a huge problem.

If all that is true, then easy fix might be to crack open more containers with a drug sniffing dog on hand. That would be cheaper than paying a big tariff.

The last time I checked it’s the job of US border patrol to inspect things entering the US. Maybe the federal government needs to increase staffing levels on the northern border. Might be a hard sell considering less than 1% of the fentanyl coming into the US comes through Canada

LMAO!

Let’s not forget that cocaine get smuggled into Canada via the US border.

If the coke/heroin story is true, the choke point in Canada is when they crack open the cans. Failure to do that, and it gets dispersed like smoke from a forest fire. US can't stop it then.

Mexico caving and liberals crying

Lol

They can’t believe Mexico let them down like that. lol

WHEW! Dang we made it though!! LMAO!

Fentanyl is a very strong drug. 1 to 2 micro grams of fentanyl is a normal dose taken, with 20 micro grams being the maximum dose. There are 1 million micro grams per gram. 19 kg of fentanyl is 950,000,000.00 individual maximum doses.

Keith

Well how is that big sell off going? I’m up today.

Keith

Looks like Corona Beer and Avocados will have no shortage ...for the rigged Superbowl ..

Per ...Chuck Schumer...lol

Canada is begging for mercy on President Trump's schedule.



Keith

Keith

Chess, not checkers. How many times must this be said?

6 months in, anyone have a different take on them?

Might be too early yet to tell completely, but so far so good imo.

It’s hard to take financial advice from folks that never managed money in their life.

All the gloom and doom predictions by the left-leaning "economist' about hyper-inflation and shortages never came to pass. Other than some companies price-gouging under the guise of "increased tarriffs" I haven't seen any significant increases or shortages of goods.

It's just the opposite on some items. Lumber and other building materials, which I buy weekly, have almost returned to pre-covid prices.

And how about those gas prices?

Winning

Mostly propaganda going around now to keep the sheep motivated to do what they do like spreading the manure. You can’t believe anything the MSM says today about anything on a good day they have lost their minds.

I haven't checked the last couple days but last time I did my 401k was higher then ever ill take that as a win.

Inflation increased in June. We will have new numbers for July on August 12 .

Things good here ...for now. Life is a rollercoaster.

Inflation has been steadily decreasing since the June 2022 rate of 9.07.

June numbers are up a whopping 0.36% since April 2025 which was the lowest inflation rate we've seen in four years.

Must be those dang tariffs eh Dirt?

.36 percent month over month adds up pretty good if the trend continues

We do expect to show up — tariff inflation to show up more," Powell told the House Financial Services Committee. "But I want to be honest, we really don't know how much of that's going to be passed through to the consumers. We just don't know. And we won't know until we see it. It could be lower than we expect; it could be higher. We have to wait and see, which is kind of what we're doing."

Powell could just look at the data from Trump's tariffs during his first term and those continuing tariffs during Biden's term and see that very little to none of those costs were passed to consumers.

But then he couldn't make wishy-washy statements like the one above.

That's a very big "if."

Yup

Could go higher, could go lower, could stay the same

I'm on board with whatever trump wants to do .......lots of tears already.....more to come


Just imagine if that dumb beezoe was our prez......

You sound just like Powell.

"We'll just have to wait and see."

Donald Trump nominates Jerome Powell as Fed chair
2 November 2017

Is that a good or bad thing ?

I think that Powell is doing ok job outside of the Feds reaction to COVID

Good

With the yoyo discussions and dealing with tariffs, the economy may well go into a more stagnation type economy like Japan experienced for 20 years or so. Stagnation is not as severe as recession but typically last longer and are not good for workers trying to find their first jobs. Automation is cheaper then hiring labor, especially in softer economies or when there is more fluxuation in economic growth or lack there of. A lot depends upon who eats the costs of the tariffs. If producers absorb large portions then they will work to find different markets then if the end buyer or consumers pay for most of the tariff costs. To me right now there does not seem to be any attempt to work on long term solutions so hard to know at this time.

Bryce

Gasoline here went from 2.99 to 3.40 in the last 2 days.

I bought a bunch of KORO traps. Price has doubled because of tariffs. Ouch!

Look'n like y'all dug your heels in and still think its going to crash the economy.

Really good points.

Some of the things I've been reading is that although unemployment is low, few professional jobs are hiring. Im about to change jobs but im just not seeing growth positions.

My post at the start of this thread.....


So far I've been wrong, the economy hasn't crashed, the "pain" I referred to.

The reason I was for this appears to be happening, that is manufacturing coming back to the U.S., countries opening up their markets to U.S. goods and a more even playing field.

The extra revenue generated is icing on the top of it all. (over double previous years)

I think it's too early to tell if they are good or bad. Personally I've always been in favor of tarrifs to level the playing field so to speak.

On a related front; The US trade deficit has shrunk to a two-year low thanks mostly to Trump's tariffs. The US deficit with China has shrunk to a twenty one-year low!

As a direct result of the shrinking trade deficit and less imports, the US GDP has made big rebound during the second quarter of this year.

Our trade deficit with China is down about 70% since the beginning of the year.

"The Austrian School of economics generally views tariffs as detrimental to economic efficiency and individual liberty, advocating for minimal government intervention and free trade.
Austrian economists argue that tariffs distort market price signals, which are essential for the efficient allocation of resources, leading to misallocation and reduced overall prosperity.
Prices in a free market reflect consumer preferences, scarcity, and production costs, but tariffs artificially inflate the prices of imported goods, causing consumers and producers to make less efficient economic decisions."

Apparently a level playing field is where other countries charge no tariffs on U.S. products and we tax theirs 10 to 40%? Seems these are the deals?

Exactly right

Trump puts 25% on India for buying oil and whatever from Russia. They ask him well what about the uranium and everything you buy from russia? He says oh im not aware of that... he makes me laugh.

Where was all the discontent when Biden was being led around with a leash a few short months ago ?

Seems that people just cannot get a real line on how commercial policy, the stock market and tariffs corelate
with each other ?

No one likes to lose any thing, however there is loss when ever any presidential election is held, even when the incumbent is re-elected. Things for the most part always have turned around to let us all be just fine, but Biden was a real and true disaster happening before us !!

My lord I'm certainly happy with the way things are going now that the Leash on Biden has dragged him away, just can't imagine how quiet this place would be if he was still in office !!

Whelp, until the rest of the economy follows the Austrian Schools rules, I'll overlook this one.

You really need to look at the deeper economic impact of what has happened. Many any of these countries do not allow many of our products to be sold in their countries or at a large imbalance. Our leadership has allowed the US to be abused economically for way to long.

Not a good indicator.

https://www.barrons.com/articles/tr...j4&reflink=desktopwebshare_permalink

The website requires a subscription. Can you give us the cliff notes?

Ol dad

30 year bond auction was met with resistance.

Little early to tell what will happen ?

What will happen is the fed will lower rates and then things are going to get interesting

In the last 6 months the USA has lost 28,000 manufacturing jobs. We will wait to see what trends will happen in the future.

Bryce

Heard a guy living in the US all his life say these illegals are getting all the benefits I have worked for all my life when they have done nothing to earn them like I did.
Trump is doing a lot of what he was elected to do by the majority of voters.