Tariff war and it's impact on trucking

Price goes up, demand goes down. Econ 101.

You won't be needing those extra truck parts, you won't be moving as much.

 

It would only make sense if people thought rationally about these things. Unfortunately the vast majority of people are not pre-planners. They're reactionary spenders. They saw toilet paper disappearing because it takes up proportionately more space per package and panic bought. You won't see panic buyers because you won't see changes until it's already done.

 

This Business Professor hit it right on the the nail.



Regarding Canada.

 

Shouldn't take a professor to point out the obvious.

One of Canada's many issues is that every province tries to function like its own country and there's no compromise or working together between them. We could have had a pipeline sending oil to the east coast by now if we had a leader with the balls to put Quebec in its place. BC has hundreds of millions in untapped minerals but the tree huggers and hippies block development at every turn. Ontario has the labour force to start up manufacturing products here.

We screwed ourselves on this one.

 

Trump's leveraging Canada, Mexico and China and any other country that thinks it'sbusinessas usual to take advantageof the United States. They better negotiate or it's gonna get ugly. It's about time we had a president throw some weight around and get a better deal for the USA.

 

I don't know how to tell you this but it was Trump that negotiated the current deal during his first term .




Pete

 

Tariffs gets rid of the gov funded IRS. Less gov spending lowers inflation. American people get an instant pay raise from the gov. Forces outside companies to build in America to avoid tariffs. More jobs. Also when the income tax is removed more people will be spending money or investing. Instant economy growth. Yes, it helps the wealthy but the wealthy are the ones that creates more jobs, invest, and expand. Growth creates more jobs. Be patient it doesn’t happen overnight.

 

The media ALWAYS points to SOMETHING as the end of the world, if they are not currently involved in selling a different end of the world narrative. ANY POLICY can be reversed or modified very quickly. Not that anybody on the thread has claimed it is the end of the world, but it is not. The "free trade"/Wall Street Journal will convince most of their consumers it's the end of the world and the groups that might benefit even slightly from tariff will work overtime to convince members and public it will bring about Utopia.

We tried free trade for friends and enemies alike in the 80s and 90s. Our manufacturing was moved over the borders and overseas. One party cannot play by the rules hard enough to overcome the other party not playing by the rules fairly unless they want to wind up penniless. Negotiations only CAN work if there is a credible "carrot" and "stick". If you show up to negotiations, as the US did in the 80s & 90s, and proclaim whatever happens we will have free trade with you, you have no power in the negotiation.

Even if we all agree about the outcome of tariffs we aren't involved in the decision and it neither helps nor hurts our desired outcome to happen. Every driver in the traffic jam can fundamentally oppose traffic jams, it doesn't make traffic move any faster. I'm not sure there is any benefit to even correctly predicting what will happen, nobody will now the outcome until everyone knows the outcome. I guess someone could buy up commodity contracts/futures if they want to risk money. The experts in commodities/futures can see the 1st time "investor" coming from a mile away and will take advantage or beat you to the winning position, IMO.

 

Yep and now border security is on the table as a real issue that'll get dealt with both up north and down south. Trump didn't know how to work the levers of power the first time around but it looks like he won't be wasting any time this second go around.