President Elect's 'top team'

[RobinBHM]

Yo Robin, do you live in Canada?

No.

Does not living in Canada make you qualified to comment in such a way about it?

No.

Funny man

it looks like Trudeau has done well on the economy, a bit like Biden in America

you live in Canada and arent even aware he has done rather well, never mind I'm sure the Conservative will come in and wreck everything as they always do

Canada set to be fastest growing economy in G7 in 2025, IMF forecasts​

For 2025, Canada is projected to be the fastest growing economy among the G7 and other advanced economies. The U.S. economy will rank second at 1.9 per cent and the U.K. third at 1.5 per cent growth next year.

Unprecedented population growth, record-low unemployment, the most diversified economy in its 156-year history and a world-beating stock market

 

[Doug B]

I don't follow Trump and his logic or thought processes often but I'd hazard a guess that Trump's plan is to encourage companies to set up assembly plants in America to produce goods, therefore avoiding tariffs.
If it works it's a good idea.

But the opposite is true as proved when he was president last time, companies were paying his tariffs on goods they imported to be assembled by US workers so they ended up moving production to China & getting their products made way cheaper, so even with the tariff on the finished item when it was imported the company was still making more money.

 

[sploo]

I don't claim to be an expert in business, but from the tone of your comment I'd expect you are and as I haven't studied the economics of the USA unlike many of you have on here, I'm therefore quite sure you will inform me and put me right!

Based on some of your recent posts I assumed you were businessman of the year. Unlike all those woke lefty tofu munching Guardian readers.

It's nowt to do with US economics specifically. If tariffs raise the prices of certain goods to a level that a US factory could produce competitive alternatives (with workers being paid fair domestic living wages) then it may create some extra US jobs. However, the costs of either the domestically produced alternatives, or the taxed imports, would be much more expensive for US consumers.

Other countries will raise retaliatory tariffs; which will harm US exports - likely leading to US job losses in those sectors. This recent video covers some of these issues, including US companies then moving production offshore to avoid those retaliatory tariffs:



An alternative would be that US factories are set up to produce goods at a price competitive with current far east imports; meaning that tariffed imports are then more expensive than domestically produced products. Theoretically US consumers then get goods at the same cheap prices they do now, but they can instead say they've bought domestic. The only ways to do that would either be for those factories to be heavily subsidised using tax payers' money (which opens a whole load of different cans of worms), or by driving the US factory costs down to those of the Chinese (i.e. matching pay and working conditions of Chinese factories). Getting US staff would then be near impossible.

So, in terms of whether it'll work; there's an option that won't, and an option that also won't.

Trump may look at things from a business perspective, but remember that he's a terrible businessman; who's done worse over the years than if he simply put his inheritance into a stock market linked fund and did nothing.

 

[RobinBHM]

How Donald Trump won in two words: wealth inequality.

Even if you disagree with the premise, you can’t argue with the figures

 

[danst96]

it looks like Trudeau has done well on the economy, a bit like Biden in America

you live in Canada and arent even aware he has done rather well, never mind I'm sure the Conservative will come in and wreck everything as they always do

Canada set to be fastest growing economy in G7 in 2025, IMF forecasts​

For 2025, Canada is projected to be the fastest growing economy among the G7 and other advanced economies. The U.S. economy will rank second at 1.9 per cent and the U.K. third at 1.5 per cent growth next year.

Unprecedented population growth, record-low unemployment, the most diversified economy in its 156-year history and a world-beating stock market

Mate you are funny.

Canada has gone from having a dollar stronger than the USD, a GDP per capita which was one of the highest in the world and a thriving economy to an absolute shambles, a weak dollar, a declining economy and plummeting worth.

You really have no clue what you are talking about. I'm afraid I cannot take any of your arguments seriously because you harp on quoting various sources without ever having seen any of it first hand.

You are so far out of touch with reality, it's staggering.

 

[ey_tony]

But the opposite is true as proved when he was president last time, companies were paying his tariffs on goods they imported to be assembled by US workers so they ended up moving production to China & getting their products made way cheaper, so even with the tariff on the finished item when it was imported the company was still making more money.

It will be interesting to see who is right. ..the people who voted for Trump or his detractors.

 

[RobinBHM]

Canada has gone from having a dollar stronger than the USD, a GDP per capita which was one of the highest in the world and a thriving economy to an absolute shambles, a weak dollar

The Canadian dollar weakened almost entirely during 2013 and 2015 because of the price of oil

The Canadian dollar tracks the oil price.

So nothing to do with Trudeau.

It’s surprising you didn’t know since you live there, eh.

 

[Croolis]

We me whatever. Guess you don't wish Americans a happy thanksgiving today then. Weird.

I believe the kids call this "gaslighting" .

I am mentally scarred now

 

[John Brown]

We me whatever. Guess you don't wish Americans a happy thanksgiving today then. Weird.

Not that weird. Most of us live in the UK, the clue is in the name of the forum. I did wish my wife a happy Thanksgiving, as she's American, and over there visiting family at the moment. I wouldn't wish the members of this forum a happy anything, as a rule.
As an aside, do you celebrate Thanksgiving in Canada? I've been in Calgary on Canada Day, but I'm entirely ignorant about Thanksgiving

 

[John Brown]

It will be interesting to see who is right. ..the people who voted for Trump or his detractors.

Loving the new avatar, Tony!
How long before we see a visual Godwin's law demonstration, I wonder?

 

[sploo]

It will be interesting to see who is right. ..the people who voted for Trump or his detractors.

My guess is that it'll be the people that understand tariffs and their impact. Evidence tells us that's not Trump (or the people who voted for him).

 

[ey_tony]

Loving the new avatar, Tony!
How long before we see a visual Godwin's law demonstration, I wonder?

I thought you might like it but I draw the line at Adolf. Vlad wouldn't be appropriate right now but I've got one which should get a few faces blushing with rage
It's actually quite a pleasant forum when the hothead politics are taken out of discussions.

 

[danst96]

The Canadian dollar weakened almost entirely during 2013 and 2015 because of the price of oil

The Canadian dollar tracks the oil price.

So nothing to do with Trudeau.

It’s surprising you didn’t know since you live there, eh.

Why do you think the oil industry in Canada has suffered so much? And why hasn't the CAD strengthened when the oil industry in other countries picked up after Russias invasion of Ukraine?


You keep proving my point of not having a clue of what you are putting out here.

 

[ey_tony]

My guess is that it'll be the people that understand tariffs and their impact. Evidence tells us that's not Trump (or the people who voted for him).

As they say, the proof of the pudding is in the eating...we'll see who was correct.

 

[Blackswanwood]

Why do you think the oil industry in Canada has suffered so much? And why hasn't the CAD strengthened when the oil industry in other countries picked up after Russias invasion of Ukraine?


You keep proving my point of not having a clue of what you are putting out here.

He’s not said that the oil industry has suffered. The point is that the valie of the Canadian dollar tends to correlate with the price of oil.

https://www.investopedia.com/articl...rectly,Canada's revenue that this constitutes.

 

[danst96]

Not that weird. Most of us live in the UK, the clue is in the name of the forum. I did wish my wife a happy Thanksgiving, as she's American, and over there visiting family at the moment. I wouldn't wish the members of this forum a happy anything, as a rule.
As an aside, do you celebrate Thanksgiving in Canada? I've been in Calgary on Canada Day, but I'm entirely ignorant about Thanksgiving

We have Canadian Thanksgiving in October, so a bit different.

Amusing tho that people jump onto my back for that comment. Kind of pathetic.