The Technodrome Forums

Go Back   The Technodrome Forums > General Forums > General Discussion > Current Events

Notices

Reply
 
Thread Tools Display Modes
Old 11-28-2024, 01:41 PM   #1861
Mayhem
Foot Elite
 
Mayhem's Avatar
 
Join Date: Jan 2012
Location: London, England
Posts: 3,326
Quote:
Originally Posted by Andrew NDB View Post
I'm not sure folks are understanding the basic principle of tariffs. As in. Leverage.
There is no leverage. If the cheapest source of something is still Mexico or Canada even with the tariff increases, all that happens is that the prices go up and Americans end up paying more. And nothing is resolved.

Canada is the largest supplier of crude oil to the U.S. with more than 3.8 million barrels per day, or 60 percent of U.S. crude oil imports, coming from its northern neighbour. Although the U.S. produces large quantities of crude oil every day, it makes more economic sense to import it. Crude oil produced in the U.S. is considered “light” compared to the “heavy” oil produced in Canada and the Middle East. This means the U.S. relies on imports for “heavy” oil. Importing from Canada, which is close by and doesn’t require as much transportation as other countries such as those in the Middle East, makes it more accessible.

Mexico is the largest exporter of vehicles, vehicle parts and vehicle accessories to the U.S. than any other country making up 27 percent of all imports from Mexico. Importing auto parts abroad and then assembling them in the U.S. is a cheaper alternative than manufacturing and assembling domestically. Tariffs would increase the cost of most cars, though it's not clear how much.

Add to this that Mexico’s largest exports to the U.S. are sugar and sweeteners. The U.S. spends more than $700 million importing sugar directly from Mexico. More than 445,000 metric tons of sugar were imported to U.S. ports from Mexico between October 2023 and September 2024.

The U.S. spends more than $20 billion annually importing horticultural agricultural products from Canada and Mexico. Tomatoes, avocados, peppers, strawberries, lemons, limes, broccoli, cauliflower and so much more produce is imported into the U.S. from Mexico. Canada supplies the U.S. with mushrooms, potatoes and more.

And haven't even gotten onto raw materials such as wood, plastics and metals.
__________________
Lie with passion and be forever damned...
Mayhem is offline   Reply With Quote
Old 11-28-2024, 02:14 PM   #1862
Coola Yagami
Overlord
 
Coola Yagami's Avatar
 
Join Date: Jan 2004
Posts: 14,422
Quote:
Originally Posted by Mayhem View Post
There is no leverage. If the cheapest source of something is still Mexico or Canada even with the tariff increases, all that happens is that the prices go up and Americans end up paying more. And nothing is resolved.

Canada is the largest supplier of crude oil to the U.S. with more than 3.8 million barrels per day, or 60 percent of U.S. crude oil imports, coming from its northern neighbour. Although the U.S. produces large quantities of crude oil every day, it makes more economic sense to import it. Crude oil produced in the U.S. is considered “light” compared to the “heavy” oil produced in Canada and the Middle East. This means the U.S. relies on imports for “heavy” oil. Importing from Canada, which is close by and doesn’t require as much transportation as other countries such as those in the Middle East, makes it more accessible.

Mexico is the largest exporter of vehicles, vehicle parts and vehicle accessories to the U.S. than any other country making up 27 percent of all imports from Mexico. Importing auto parts abroad and then assembling them in the U.S. is a cheaper alternative than manufacturing and assembling domestically. Tariffs would increase the cost of most cars, though it's not clear how much.

Add to this that Mexico’s largest exports to the U.S. are sugar and sweeteners. The U.S. spends more than $700 million importing sugar directly from Mexico. More than 445,000 metric tons of sugar were imported to U.S. ports from Mexico between October 2023 and September 2024.

The U.S. spends more than $20 billion annually importing horticultural agricultural products from Canada and Mexico. Tomatoes, avocados, peppers, strawberries, lemons, limes, broccoli, cauliflower and so much more produce is imported into the U.S. from Mexico. Canada supplies the U.S. with mushrooms, potatoes and more.

And haven't even gotten onto raw materials such as wood, plastics and metals.
Sounds like we're headed for another depression. But at least schools will be less woke now. Or something.
Coola Yagami is offline   Reply With Quote
Old 11-28-2024, 02:38 PM   #1863
FredWolfLeonardo
Big Blue Boy Scout
 
FredWolfLeonardo's Avatar
 
Join Date: Mar 2016
Location: New Bark Town
Posts: 4,716
Let's keep this thread going until the 2028 election then rename it.

And so on, so forth.
__________________
Quote:
Originally Posted by MikeandRaph87 View Post
The biggest villains were the censors. What they could do without being held back is my question.

Shredder could've done more than blow up the Channel Six building. I don't mean as far as murdering Splinter, but think of the possibilities if censors were not an issue.

Shredder and Krang combined had the biggest arsenal of any villains in all of the cartoons.
FredWolfLeonardo is offline   Reply With Quote
Old 11-28-2024, 03:22 PM   #1864
lonewarrior20
Mad Scientist
 
lonewarrior20's Avatar
 
Join Date: Jun 2014
Location: pekin,IL
Posts: 1,754
Mr. Musk wants to get rid of the Consumer Protection Agency too.
__________________
congratulations on Alopex and Mona Lisa tying for first this year.



"If the sun comes up tomorrow, it is only because of men of good will. That is all there is between us and the devil."
Kenny O'Donnell

https://www.deviantart.com/lonewarrior20 my fan comic/episodes of the lost season, weird ideas and my collection pics
lonewarrior20 is offline   Reply With Quote
Old 11-28-2024, 06:55 PM   #1865
CyberCubed
Overlord
 
CyberCubed's Avatar
 
Join Date: Dec 2004
Posts: 41,651
People will have to buy less of everything if these tariffs go into effect.
CyberCubed is offline   Reply With Quote
Old 11-28-2024, 07:01 PM   #1866
IndigoErth
Team Blue Boy
 
IndigoErth's Avatar
 
Join Date: Jun 2014
Location: U.S., East Coast
Posts: 15,594
The future... stuff from China is more expensive, and the amount of lead, etc in it much more overlooked.
IndigoErth is offline   Reply With Quote
Old 11-28-2024, 07:07 PM   #1867
member_removed
Hench Mutant
 
member_removed's Avatar
 
Join Date: Sep 2014
Location: Perth, Australia
Posts: 320
Quote:
Originally Posted by IndigoErth View Post
The future... stuff from China is more expensive, and the amount of lead, etc in it much more overlooked.
YEs, but eggs will be cheaper.
__________________
You take the ugly one!

No, you take the ugly one!

I'll take the ugly one!

Which one's the ugly one?
member_removed is offline   Reply With Quote
Old 11-28-2024, 07:49 PM   #1868
IndigoErth
Team Blue Boy
 
IndigoErth's Avatar
 
Join Date: Jun 2014
Location: U.S., East Coast
Posts: 15,594
Lead eggs, via lead chicken feed.
IndigoErth is offline   Reply With Quote
Old 11-29-2024, 03:21 AM   #1869
Mayhem
Foot Elite
 
Mayhem's Avatar
 
Join Date: Jan 2012
Location: London, England
Posts: 3,326
Quote:
Originally Posted by member_removed View Post
YEs, but eggs will be cheaper.
I saw someone on Twitter post that their daughter will be tracking the local price of eggs daily once Trump is in office to alert people if the prices (as expected) actually creep upwards...
__________________
Lie with passion and be forever damned...
Mayhem is offline   Reply With Quote
Old 11-29-2024, 12:04 PM   #1870
Coola Yagami
Overlord
 
Coola Yagami's Avatar
 
Join Date: Jan 2004
Posts: 14,422
Quote:
Originally Posted by Mayhem View Post
I saw someone on Twitter post that their daughter will be tracking the local price of eggs daily once Trump is in office to alert people if the prices (as expected) actually creep upwards...
To be fair, that would have happened with Kamala in office. Tarrifs or not, prices just go up. And they stay up. I never seen cases where prices went up 'for the time being" then went back down after the cause ended. My grocery bills have only gone up.
Coola Yagami is offline   Reply With Quote
Old 11-29-2024, 12:48 PM   #1871
sdp
White & Proud
 
sdp's Avatar
 
Join Date: Feb 2005
Location: Tokio, Italy
Posts: 10,006
if only there were a member in the technodrome who were an economist that understood macroeconomics & micro finances..
sdp is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 11:07 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.