Trade Wars and Tariffs

#4,051
#4,051
Orangeburst said:
actually you can edit it in..

Start a reply to that quote, but dont submit..just go copy and paste the quote and it will include Hogs name just like a regular quote
Click to expand...
I did a copy paste of his post but it format like when inserting quotes.

Better than what I had though.

Thanks.
 
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#4,058
#4,058
bamawriter said:
The one to Reuters? Sure was.
Click to expand...

It doesn't because I don't subscribe but here ya go.

Explainer: Spilt milk? Why are the US and Canada fighting over dairy?​

By Reuters
February 1, 20235:17 PM CSTUpdated 2 years ago



Cows stand in a barn while being milked at a dairy farm in South Mountain

Cows stand in a barn while being milked at a dairy farm in South Mountain, Ontario, Canada, June 29, 2018. REUTERS/Chris Wattie Purchase Licensing Rights, opens new tab
WINNIPEG, Manitoba, Feb 1 (Reuters) - The United States on Tuesday said it was seeking a second trade dispute settlement panel over Canada's dairy import quotas, accusing Canada of not meeting obligations to open its market to American producers. The move is the latest salvo in longstanding tensions between the trade partners over Canada's protected dairy industry.

HOW DOES CANADA'S DAIRY SYSTEM WORK?​

Canada has tightly controlled supplies of dairy, eggs and poultry since the 1970s, restricting how much farmers can produce and limiting imports through onerous tariffs.
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Quotas restrict how much farmers produce according to domestic demand.
Import quotas limit the quantity of product that can enter Canada from other countries at a low rate of duty.
The Canadian Dairy Commission, a government corporation, sets a milk price annually that dairy processors pay to farmers.
A WTO panel ruled in 2002, opens new tab that Canada breached its trade obligations through its dairy support, siding with the United States. The result of the WTO ruling is that Canada is not allowed to export much dairy.

WHY IS THE UNITED STATES UPSET?​

U.S. dairy processors want to increase sales to Canada but high tariffs stand in the way.
The U.S. Trade Representative's Office alleges that Canada uses an unfair approach to determining quota allocations under the U.S.-Mexico-Canada Agreement on trade, effectively prohibiting some market participants like Canadian retailers and food service operators from using the allocations.
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Canada's trade minister, Mary Ng, said she was disappointed in the U.S. move and would oppose its attempts to "re-negotiate" during the settlement process.

WHAT IS THE VALUE OF CANADA'S DAIRY SECTOR?​

Farm dairy sales amount to C$7.39 billion ($5.54 billion)annually in Canada. Processed dairy shipments are worth C$16.2 billion, according to 2021 government figures.

WHY DOES CANADA WANT TO KEEP THE SYSTEM?​

All major political parties say they support supply management because it stabilizes incomes for dairy farmers.
Producers in other countries have suffered from volatile price swings.
Canada's 9,739 dairy farmers form one of the most influential lobbies in the country. Most farm in Quebec and Ontario, the Canadian provinces with the most parliamentary seats.

WHAT DO OTHERS SAY?​

Other dairy-producing countries such as New Zealand say Canada's controls are an unfair way to shelter the Canadian industry.

00:11Market Talk: US economy is in decline but not a recession






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Within Canada, some groups say supply management prevents the country from becoming a dairy-exporting power, as it is in grain and meat. They argue that severely restricting imports results in higher Canadian food prices.
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#4,061
#4,061
President Donald Trump is dismissing concerns that tariffs on imported goods from China could raise consumer costs, saying in an interview that "China probably will eat those tariffs."

Trump was asked about the trade war with China in an ABC News interview airing April 29.

Which one of you MAGA monkeys is going to stand up behind your moronic leader and toe the party line on this ********?
 
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#4,062
#4,062
Velo Vol said:
I think there's a lot of government support on both sides.
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SEE: Government Surplus Cheese

We literally have hordes of millions upon millions of pounds of cheese, stored underground in government facilities for precisely, the exact same reason. Subsidies for our dairy farmers. Protectionism.

Nobody wants to run out of milk or cheese. Sure our dairy farmers would like to break into the Canadian market, but we’re not breaking into their market because it’s protected and by the way we protect our market. This is sour grapes or sour milk whatever the **** you wanna call it.

Laughable that our dairy farmers who are subsidized are bitching about the fact that the Canadians similarly protect their dairy farmers.
 
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#4,063
#4,063
MontyPython said:
SEE: Government Surplus Cheese

We literally have hordes of millions upon millions of pounds of cheese, stored underground in government facilities for precisely, the exact same reason. Subsidies for our dairy farmers. Protectionism.

Nobody wants to run out of milk or cheese. Sure our dairy farmers would like to break into the Canadian market, but we’re not breaking into their market because it’s protected and by the way we protect our market. This is sour grapes or sour milk whatever the **** you wanna call it.

Laughable that our dairy farmers who are subsidized are bitching about the fact that the Canadians similarly protect their dairy farmers.
Click to expand...

Every time I hear the term "government cheese", I can't help but chuckle.

1746047518067.jpeg
 
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#4,064
#4,064
MontyPython said:
President Donald Trump is dismissing concerns that tariffs on imported goods from China could raise consumer costs, saying in an interview that "China probably will eat those tariffs."

Trump was asked about the trade war with China in an ABC News interview airing April 29.

Which one of you MAGA monkeys is going to stand up behind your moronic leader and toe the party line on this ********?
Click to expand...

It's impressive that he still doesn't know who pays the tariff when it's levied against imports as they enter US territory.
 
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#4,069
#4,069
LouderVol said:
with the way the current admin is running, it isn't.

145% tariffs, until they aren't, but wait they are, but now its 85%, or we aren't doing it again.

it won't be too bad for a lot of what amazon schleps, if its sole sourced, but as items get more complex and you deal with more and more supply lines it gets impossible to really track.

and I am starting to see that various companies "handle" various parts of the tariffs differently. typically most of the big guys pick up some part of the tariffs in their overhead, they just differ on which part. some include the cost of the raw material tariff, others the basic item, or the refined good, or the final product. but never all of them. most can't tell the costumer what the cost is going to be in a month, because they don't know how much its going to cost them in a month.

long term planning has been completely killed off by Trump.
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Long term planning? Who did that?
 
#4,070
#4,070
Dems want a carbon tax and higher corporate taxes, which would raise prices, so why are tariffs different?
 
#4,071
#4,071
Just an out-of-touch, billionaire elitist with anti-free market policies telling common folk their kids will be fine with less. NBD.

FB_IMG_1746052945624.jpg
 
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#4,072
#4,072
Orangeburst said:
Dems want a carbon tax and higher corporate taxes, which would raise prices, so why are tariffs different?
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Why opt for any combination of carbon tax/elevated corporate tax/higher tariffs? Is the only differentiator between "hooray"/"boo" the letter next to the dimwits proposing them? And hell, while we're at it, what are Republican Congresscritters doing pushing a Federal vehicle registration fee (which is essentially another tax)?
 
#4,073
#4,073
tbh said:
Why opt for any combination of carbon tax/elevated corporate tax/higher tariffs? Is the only differentiator between "hooray"/"boo" the letter next to the dimwits proposing them? And hell, while we're at it, what are Republican Congresscritters doing pushing a Federal vehicle registration fee (which is essentially another tax)?
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You are correct..
the tariff thing will work itself out though. If tariffs could reduce income tax, then sure, but dont trust the Swamp to not eventually have both.
 
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#4,074
#4,074
FLVOL_79 said:
Not in America. And there are no American made watches, not truly made in America. "Designed in America" maybe.
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I think JN Shapiro in LA, RGM in Lancaster Pa, and Cameron Weiss in Nashville all have a line of American made watches, but that is about it. There are a number of companies that make new pieces out of old movements and dials, but three above manufacture.

US standards for “Made in America” are far more stringent than those for “Swiss Made.”

As if it weren’t bad enough the Swiss stole from Waltham in the late 1890’s and then pummeled American brands when they stayed neutral during WW II while American factories all converted to the war effort.
 
#4,075
#4,075
Orangeburst said:
You are correct..
the tariff thing will work itself out though. If tariffs could reduce income tax, then sure, but dont trust the Swamp to not eventually have both.
Click to expand...

You have more in the way of optimism than I do. My faith in the collective ability of either party to not royally screw things up is at an all-time low. They're two side of the same coin anyhow, at this point...they just spend the tax revenue on different pet projects and initiatives.

Even if the Federal elected folk have a good idea (like securing the borders), their collective ineptitude is the ultimate barrier to any meaningful improvement.
 
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