U.S. President Donald Trump fired a shot across the bow with a warning to rivals and allies alike.
Trump, who has largely gone after Canada, Mexico and China, now says he’s targeting everyone.
Trump now appears to be going after sales taxes like the GST or Europe’s Value Added Tax (VAT). Even though his tariff threat is now global, his obsession with Canada continues.
Global’s Touria Izri reports.
For more info, please go to https://globalnews.ca/news/11017282/donald-trump-tariffs-reciprocal-announcement/
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WAY TO FEAR MONGER THE COUNTRY GLOBAL NEWS!!! HOW MUCH DOES JUSTIN PAY YOU????
I am sure this plan will go off without a hitch and definitely won't cause any international backlash. How innovative of him.
It's called the second coming of the Hollywood Jesus😂😅🇺🇸 make America great again.
What do I need from Canada? I don't need any cheese curds. I don't need somebody to say A to me 15 times over a a a a a a. I don't need a s*** hockey team. I don't even want to ice fish. Hey can you guys take Minnesota while you're at it
Say goodbye to the world America is on it's own.
Us will no longer be the super power after this
what economic illiterate is advising Trump if he thinks sales taxes work like tariffs? The same tax is levied on a good whether it is produced in the US or domestically. How scared of a bond strike is he if he thinks getting goods and services in exchange for American debt is now a bad deal for the US and is so scared of losing reserve currency status?
Always angry!
Poor baby.
I wish Trump put 1000% tariff on all Canadian companies.
Under Justin Treadue's leadership Canada has become a woke nation where everyone is forced to support Woke ideology.
Current Canadian work environment is anti religious freedom and anti fredom of expression
Many of his supporters dont even know what Tariffs means. They will be paying part of it.
President Trump is an enacting tariffs partly to encourage companies to build manufacturing plants in the USA. If companies manufacture in the USA there won't be any tariffs for that company. This will strengthen the US economy with more tax revenue and job growth. The key challenge for companies moving production to the U.S. is balancing labor costs while maintaining competitive prices. Here are several potential solutions:
1. Automation & Advanced Manufacturing
Companies can offset higher labor costs by investing in automation and robotics, reducing the need for a large workforce while maintaining efficiency.
This approach is already used in industries like automotive manufacturing.
2. Tax Incentives & Subsidies
The U.S. government could offer tax breaks, grants, or low-interest loans to companies that manufacture domestically, helping offset higher labor costs.
Special Economic Zones (SEZs) with reduced tax burdens could be created to attract manufacturers.
3. Wage Structuring & Apprenticeship Programs
Companies could implement tiered wage structures, starting workers at competitive but sustainable wages while offering long-term career growth.
Expanding apprenticeship programs could provide a skilled workforce at lower starting wages, improving efficiency over time.
4. Supply Chain Optimization & Domestic Sourcing
Shortening supply chains by sourcing materials domestically reduces shipping and import costs, helping counteract labor expenses.
Using vertically integrated supply chains (e.g., producing components in-house rather than relying on imports) can improve efficiency.
5. Product Design Adjustments
Companies can redesign products to be more modular, easier to assemble, and require fewer labor-intensive processes.
Apple, for example, could shift to simpler product assembly lines requiring fewer workers.
6. Regional Manufacturing Hubs
Companies could establish plants in lower-cost U.S. regions where wages are lower than major metropolitan areas.
States like Texas, Tennessee, and South Carolina have attracted automakers and tech manufacturers with lower labor costs and business-friendly policies.
7. Reshoring Some, Not All, Production
Companies could keep high-tech, high-margin products in the U.S. while still outsourcing lower-value components.
Apple, for example, could manufacture key components in the U.S. while assembling lower-cost parts elsewhere.
Conclusion
The best solution is likely a combination of automation, tax incentives, supply chain efficiencies, and strategic product design.
While U.S. labor is more expensive, productivity and automation can help offset the cost, making domestic manufacturing more viable.
Will hurt everyone in the USA with higher prices, higher inflation, higher unemployment, higher interest rates, more supply line shortages.
Forget US 🇺🇸- Trade with BRICS – Clearly the future…
We want an election
If he say’s someone is being “nasty” it means they hurt his feelings, fyi.
Trump's Tarriffs Will Cause Trumpflation!🫠
Nothing wrong about being fair trade. Good grief you see some those regulations in other countries just trade.
Do you mean "sales taxes" or VAT or "value added tax". I'm not sure how various countries calculate tax on added value… if I ship a bumper to America and it comes back as part of a car for example… But this is an interesting concept and I will have to study to learn if it hurts America as would a Tariff. Congratulation on Trump for noticing this. Keeping America first is important. I will mention that it is my understanding – at least in the UK – that VAT applies to Domestic production and not only imports. So the VAT is added whenever a company improves a product. I am not an expert and won't pretend to be, bit VAT applies to Domestic Production in the UK so far as I know. A VAT is added at certain stages of production. As to the Trump Tariffs, apparently Trump is looking for revenue to help reduce the budget deficit and such which I suppose means he is doing something to help the Deficit/Debt situation. I don't know if I could come up with a better plan or not and I definitely do not want to predict how a trade war will turn out with all of the Global Variables. New Technology, innovation and all can be random but I am sure America will find a way to thrive. A great American President – Teddy Roosevelt – once spoke of "the man in the arena" who is taking the hits and fighting the fight. Trump has been elected to be the man in the arena by the American people. I definitely have been shy about politics in recent years. I got involved when I was younger but I had the impression that some politicians might be hurting me and ripping me off and I just don't want to go into details. I definitely know money is important in politics and realize it is a very real and important occupation. America once earned 100% of it's tax revenue from tariffs but I won't say anything about Trump's program because I'm not in that arena. Americans don't want me, they voted for Trump.
Global news sounds biased…
You people should stop defending trump because thanks to his tariffs we are now paying more for our eggs like about $10 for eggs. You think that’s cool to make us pay more out of pocket at the grocery store no it’s not it’s wrong.
As a Canadian I feel bad for Americans because they will be the ones footing the bill with the world wide tarriffs. No one will want to trade with the US.
Considering American money is worth a lot more in other countries I look at it like this why should an American be allowed to go to another country and be paid 1/2 or 1/3 times more than that country's residence receive America is a joke that buried themselves in trillions of dollars in debt even destroying the twin towers and the Pentagon office wasn't enough to erase the debt only the trail so basically America is in such debt they expect the world to get them out of it
A tariff is a tax on imports, while the VAT is simply a tax on all domestic consumption, regardless of where the good or service is produced.
Ultimately, the final cost—or economic burden, to be more precise—is borne by the consume.
For example, the standard rate of VAT in the UK is 20% and it is levied regardless of whether a product has been imported from overseas or not.
Globally, 175 countries have a VAT system, with the US
being one of the few exceptions, using a sales tax system by state.
If US wants to manufacture in US, then let US get its raw materials from US only. The global south should restrict its raw materials to US to protect their business.
It can't be like GS sends raw to US and gets final product back.😊
can state opt out of Trump's tariff as a states rights issue?
Congress needs to approve of tariff to begin with.
Sure hope Americans are saving their money.
What an idiotic way to destroy our economies!
Every car made in the U.S. crosses into Canada!
U.S. Farm and Steel workers ALSO LOSE!
I am american, and I stand with the US. Already found ways to decrease my energy usage, and my household no longer buys clothes made in Canada.
Trump is giving the people what they want while moving lockstep with the evil elite agenda behind our backs.
Hes complete in on A.I. and personal surveillance of each of us behind our backs.
In response to Trump's threats towards Canada, the following U.S.-owned businesses will no longer receive any of our money: Netflix, Apple TV, Prime Video, Walmart, Costco, Home Depot, Lowe's, Rona, Esso, Husky, Best Buy, Amazon, and every U.S. airline, hotel, and car rental company.
All vacation and travel plans to the U.S. have been cancelled!
To the U.S. citizens who don't support the crazy orange man, I say "sorry."
I spend 10 grand a year at the grocery stores. Does that mean I’m subsidizing them? Why do I keep going back?
You may be angry at the tariffs coming up but don't forget the Liberals are imposing a Carbon Tax increase of 20% April 1st!!!! I think that's a lot more to worry about as a Canadian!
Trump is the most shameful President of America. All the Presidents of America who made America great considered Russia an enemy of America, probably were no worse than Trump, the reasons were terrorism, political murders, they did harm as much as they could, propaganda against America. And now Trump is either Putin's agent or a lover, ready to kiss Putin passionately, he has recruited the same FSB agents to his team.
You foreigners talking about not dealing with the United States anymore 😂. What a joke. Y’all’s country rely on American dollar. Not anymore 👋🏻👋🏻. We finally have a president doing what’s best for the U.S. your countries will be begging on their knees to sell their crap here in the U.S.
Time for Canada to dump the US wanting all their resources. You can’t trust Trump it’s better to just move on. US Policy is unstable now and you can’t trust what they say.
Can't wait to become the 24th Province of China when the Liberals get voted in…never really liked freedom anyway. 🤣
Lowest unemployment rate in the world richest country in the world yet everyone is taking advantage of the US .
Governor trumpy does not realize VAT is not a real tax. It is refundable when the dealer files the VAT tax return. It applies to all cars or other products no matter where they came from. The final customer pays the fina VAT.