@AlexYancher@MrBeast World average tariff rate is like 2.6% across all products.
USA just became baseline 10% at the very minimum. With an average hourly manufacturing wage of 29$/hr.
Manufacturers are not coming back.
@AlexYancher@MrBeast Interesting.
Cannot drawback on previous EO's like Canada, Mexico & China. Certain there are others.
Regardless, would be much cheaper to manufacture in foreign market and eat the surtax on imports to USA vs. manufacturing in USA and eating surtax on every facet of business.
@Chaddadbod@Brothemo_ @saaafffffff0x @GovTimWalz You are wrong. There is 7.5% under quota on MFN tariff rates.
US and Canada have a free trade agreement. The rate is 0%.
@robburris32@KeyserSozai@MarcNixon24 Hopefully you are interested in reading this and actually educating yourself on how our free trade agreement works and why Canadians are so angry.
However, I have noticed the majority of the time people are not interested in the facts around this...
@robburris32@KeyserSozai@MarcNixon24 Keep in mind - the quotas were negotiated and rarely used as the import amounts are very large.
Further to keep in mind. - Trump is the one who negotiated the agreement; and called it the greatest trade deal ever....
@KeyserSozai@MarcNixon24 This is a reciprocal tariff because of the surtaxes on steel, aluminum and EVs that we issued in October. This was done with the US and MX to protect EV manufacturing in North America.
This is not something groundbreaking and is basically business as usual.
Canadians!
Don't boycott American retailers - these retailers provide jobs to Canadians who need them!
Instead - read your labels and refuse to buy American made products.
This hurts American manufacturers / wholesalers and won't have as large an impact on Canadian people.
This 25% surtax is nothing but a delusion that the US will prosper from this.
And his supporters are EATING it up.
We shall see how many supporters he has in 6 months.
Canada should repeal any concessions made last month to negotiate the trump surtaxes - these tariffs were never about border security and we all knew it.
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