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|    alt.politics.economics    |    "Its the economy, stupid"    |    345,379 messages    |
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|    Message 345,097 of 345,379    |
|    useapen to All    |
|    With tariffs signed, Trump warns of 'pai    |
|    12 Feb 25 07:17:13    |
      XPost: misc.consumers, alt.politics.trump, alt.fan.rush-limbaugh       XPost: sac.politics, talk.politics.guns       From: yourdime@outlook.com              A day after signing steep new tariffs on Mexico, Canada and China,       President Donald Trump acknowledged what economists, members of Congress       and even some of his own aides — in their previous lives — have been       saying all along: Americans may find themselves paying the costs.              “THIS WILL BE THE GOLDEN AGE OF AMERICA! WILL THERE BE SOME PAIN? YES,       MAYBE (AND MAYBE NOT!),” Trump posted, in all capital letters, on his       Truth Social platform.              The message, which appeared in the hour before Trump arrived to his West       Palm Beach, Florida, golf club for the second day in a row, amounted to an       advance warning. Trump is serious about fulfilling his campaign promises       to end illegal immigration, curb the flow of deadly drugs and rebalance       continental trade.              But doing so will be uncomfortable, Trump is suggesting, and could serve       to undermine another of his top campaign vows: lowering costs for       Americans.              “WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT       MUST BE PAID,” Trump wrote. “WE ARE A COUNTRY THAT IS NOW BEING RUN WITH       COMMON SENSE — AND THE RESULTS WILL BE SPECTACULAR!!!”              Instead of the new trade war lowering grocery or fuel prices, Trump on       Sunday pointed to a result he never mentioned when he was running for       president: annexing Canada as an American state.              “Canada should become our Cherished 51st State. Much lower taxes, and far       better military protection for the people of Canada — AND NO TARIFFS!” he       said, repeating an idea he’s floated repeatedly since winning the election       late last year.              As industries brace for the new tariffs — 25% on goods from Mexico and       Canada, and 10% on imports from China — it remains to be seen how long it       will take for higher costs to have an impact on American consumers. The       tariffs are set to go into effect Tuesday at 12:01 a.m. ET.              In a tacit acknowledgement that upside pressures could affect Americans’       gas and heating costs, Trump levied only a 10% tariff on Canadian oil and       gas.              Already, Canada and Mexico have moved to retaliate — reluctantly, in the       case of Prime Minister Justin Trudeau, who said during a somber address       from Ottawa late Saturday: “We don’t want to be here.”              Canada’s former finance minister Chrystia Freeland, who is running to       replace Trudeau as prime minister, said her country would rather not get       into a trade war with the US but is determined to stand up for itself.              “We don’t want to have this fight, but we are not going to lose it,” she       told CNN’s Fareed Zakaria on Sunday, calling it a “lose-lose” situation       that will end up hurting Americans, since they depend on Canada for many       basic goods.              If the back-and-forth tariffs remain in place for a prolonged period, the       “pain” Trump warned of could become a reality.              Sen. Tim Kaine argued Sunday on “State of the Union” that Americans will       see increased prices at the pump within days and that American businesses       will be harmed once the other nations’ retaliatory tariffs kick in.              “I’m struck by the irony. Last week, the president signed an emergency       order regarding energy. There’s an energy emergency. And he just put a 10%       tariff on energy from Canada?” the Virginia Democrat told CNN’s Jake       Tapper, adding, “The emergency is self-created.”              Democratic Gov. Andy Beshear of Kentucky, which Trump won by more than 30       percentage points in the 2024 election, warned of the potential impacts on       the state’s bourbon industry after the provinces of British Columbia and       Ontario directed their liquor boards to remove American alcohol from       shelves.              But even some Trump allies have privately hoped that after implementing       the harsh new duties — and proving to the world he’s willing to act       decisively — Trump could eventually ease up, as long as he’s extracted       some concessions.              Republican Sen. Lindsey Graham of South Carolina, told “Fox News Sunday”       that the tariffs “are designed to bring about change. And if the change       comes, I think the tariffs probably go away.”              What exactly those concessions might be, however, isn’t clear. Before       implementing the tariffs, Trump did not meet or speak on the telephone       with Trudeau or with Mexican President Claudia Sheinbaum to spell out his       demands.              Trudeau said Saturday he’d been trying to reach Trump since the       inauguration, but his calls have not been returned.              Briefing reporters Saturday evening, White House officials declined to lay       out specific benchmarks that Canada or Mexico could reach in tightening       their borders or curbing fentanyl flows that would allow the tariffs to be       lifted.              And Trump himself told reporters late Friday he wasn’t looking for any       concessions at all. In his social media posting Sunday morning, his       rationale for the tariffs extended well beyond punishment for the illicit       flow of fentanyl.              “The USA has major deficits with Canada, Mexico, and China (and almost all       countries!), owes 36 Trillion Dollars, and we’re not going to be the       ‘Stupid Country’ any longer,” he wrote. “MAKE YOUR PRODUCT IN THE USA AND       THERE ARE NO TARIFFS!”              This story has been updated with new reporting.              https://www.cnn.com/2025/02/02/politics/us-tariffs-americans-pay-       imports/index.html              --- SoupGate-DOS v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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