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  • There's a few comments like this, but what would rolling over look like and / or why would a country do that?

    The entirely expected and appropriate response is to apply retaliatory tariffs. This doesn't take bravery and isn't "standing your ground" it's just the obvious default response.

  • The text is hinting at a kind of conspiracy where you deliberately cause a market to crash and then just buy everything cheaply. I don't necessarily subscribe to that theory.

    The meme is saying a blanket 25% retaliatory tariff is not a good idea but targeting specific items might be beneficial. I tend to agree with this. No point applying a tariff to goods for which there is no alternative.

  • I don't think there's much thought process.

    Trump, meanwhile, shared a photo on X of water pouring from a dam, saying: “Photo of beautiful water flow that I just opened in California.”

    “Today, 1.6 billion gallons and, in 3 days, it will be 5.2 billion gallons. Everybody should be happy about this long fought Victory!,” Trump wrote. “I only wish they listened to me six years ago — There would have been no fire!”

    I suspect he's thinking that releasing more water would keep everything lush and green.

  • Exactly. No one is thinking "right this is our big chance to build a toothbrush factory".

    Setting aside the tariffs on the production line you need to buy from China...

    All your precursor would need to come from China anyway.

    Couple that with the cost of maintaining local safety regs and I'd be surprised if you could put a product on super market shelves thats cheaper than the tariffed one.

  • You may have misunderstood the article.

    There's a trade agreement that says no tarrifs in exchange for respecting IP which includes not breaking digital locks.

    If the agreement is out then there's nothing preventing Canada from allowing their citizens to circumvent restrictions against repairing their own tractors for example.

  • It's not so much about profiting from the situation but maximising your options.

    You don't want to cash in your 401k and buy gold, but if you have some investments then buying physical gold with 5% or 10% is not a terrible idea.

    In a holocaust type situation an ounce of gold in the right palm at the right time could buy passage for an entire family.

    We may not have the gold standard anymore but I can assure you that gold remains a stable store of wealth.

  • I'm morbidly fascinated to see how all of this shakes out.

    Everyone on the left is saying it's a terrible idea with very predictable and deleterious consequences.

    Trump seems to think it's as great as it sounds at face value - tax things that sound bad and get money.

    Either way it will be a feature of economics text books for centuries to come.

    Obviously I want to see Trump fail spectacularly, but it fucking sucks that would harm those of us who can least afford it.

    If you went shopping last week and half value of your purchases originated in Canada or Mexico, then will the same purchases next week cost 12.5% more ? That's pretty staggering inflation