Friday, December 13, 2024

No Winners Seen in Trump's 'Destructive' Energy Tariffs

When President-elect Donald Trump announced his plan to impose tariffs on goods coming from Canada and Mexico until they stop the flow of migrants and drugs, he said he wanted the countries to "pay a very big price!" In energy markets, it won't just be Canada and Mexico taking the hit, according to analysts, who say the domestic fallout would be so severe that Trump will likely end up exempting energy products once he takes office.

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The Ontario Premier threatens to cut off energy supply to the United States and retaliation to Trump's tariffs. The utter stupidity of Trump's tariff war is beyond description. And we're all going to pay for it. toronto.ctvnews.ca/ontario-prem ...

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-- ðŸ'™â¤ï¸ðŸ'™MiaðŸ'™â¤ï¸ðŸ'™ (@mommamia.bsky.social) December 13, 2024 at 9:10 AM

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More from the article...

...Charging 25% levies on oil and gas from the US's top two trading partners would spike gasoline prices in the Midwest, raise electricity costs along both US coasts and hammer profitability for America's refiners, among other effects, experts say.

While tariffs can be disruptive in any market, they threaten to be particularly troublesome for a North American energy industry that has been tightly integrated for decades and already largely favors US interests. ...


#1 | Posted by LampLighter at 2024-12-12 04:09 PM

This will come as a rude shock to Hamburger Nation.

No juicy burgers; gas too expensive to go to the lake.

#2 | Posted by Zed at 2024-12-12 05:54 PM

...will likely end up exempting energy products once he takes office.

The backpedaling will begin on Day Two!

#3 | Posted by REDIAL at 2024-12-12 05:57 PM

@#3

The back-pedaling has already begun.

From the backpage...

Trump: Lowering Prices is Very Hard
drudge.com

... As a candidate, Donald Trump campaigned -- and won -- this year on the promise he would lower prices for Americans angry after the COVID pandemic's inflation brought steep price increases, but now he's backtracking, saying he's not sure he will actually be able to fulfill those vows.

Outrage at Trump, and the people who voted for him based on that pledge, was palpable on Thursday. ...


#4 | Posted by LampLighter at 2024-12-12 06:08 PM

Ontario premier says Canada could cut U.S. energy supplies in retaliation for Trump tariffs


We will go to the extent of cutting off their energy, going down to Michigan, going down to New York State and over to Wisconsin," Ontario Premier Doug Ford said during a press conference.

www.cbsnews.com

#5 | Posted by ClownShack at 2024-12-12 06:33 PM

------- idiot. Good going, "America".

#6 | Posted by LegallyYourDead at 2024-12-12 10:18 PM

All this talk of Canada being the 51st State. New York and Michigan can become the eleventh and twelveth Canadian provinces. Cheaper healthcare, and your female governors will fit right in...

#7 | Posted by catdog at 2024-12-13 01:54 PM

Of course there will be a winners, and they will be Putin, since Trump will weaken America, and of course our energy oligarchs, men like Manchin, who will keep on making the big bucks. Trump is transactional in most everything, and it is in his best interest to help the oil and natural gas, and coal companies of America who will toss billions of dollars his way.

#8 | Posted by Hughmass at 2024-12-14 07:19 AM

He's a ------- idiot. And only stupider ------- idiots voted for this ------- moron.

#9 | Posted by LegallyYourDead at 2024-12-14 10:37 PM

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