Tariffs - genius or the beginning of the end?

[Green_Mountain]

So the news cycle will continue to inundate us with tariffs being threatened, implemented etc.

Are tariffs bad or are they a negotiation tactic that can also be used to move manufacturing back into the US and/or make US made products more appealing to consumers?

Also, I was shocked when I found out the level of tariffs Canada and Mexico charge the US for our exports. How is this fair? How is this a level playing field?

Your thoughts if any?

Canada’s current tariffs against US.

Dairy Products:
Milk is subject to a 270% tariff.
Cheese faces a 245% tariff.
Butter is taxed at 298%.

Meat and Poultry:
Chicken has a tariff of 238%.
Bovine meat products are taxed at 26.5%.

Grains and Agricultural Products:
Barley seed has a 57.8% tariff.
Wheat is subject to a 94% tariff.
Sugar faces a 265% tariff.
Rice has a 150% tariff.
Vegetables are taxed at 100%.

Other Food Products:
Peanut butter is subject to a 295% tariff.
Eggs have a 163% tariff.

Processed Foods:
Sausages have a tariff of 69.9%.
Fisheries:
Fish products are taxed at 100%.

Manufactured Goods:
Cars are subject to a 25% tariff.
Steel products also face a 25% tariff.
Aluminum has a 45% tariff.
Copper is taxed at 48%.
HVAC systems are subject to a 45% tariff.
Vacuums and cable boxes have a 35% tariff.
TVs have a 45% tariff.

Other Products:
Lumber has a 20% tariff.
Shoes are taxed at 30%.
Cocoa products face a 30% tariff.
Wool has a 30% tariff.
Tobacco products have tariffs over 100%.

[Green_Mountain]

Tariffs that Mexico charges on US products?

Steel and Aluminum: Tariffs ranging from 5% to 50% were established in April 2024 on specified products, including steel and aluminum. This is part of a broader tariff hike on over 544 goods, effective for two years starting from April 23, 2024.

Other goods in the 544 number:

Textiles, Clothing, and Footwear.

Wood, Plastics, and Chemicals: Products manufactured from these materials.

Paper and Cardboard: Including packaging materials.

Ceramics, Glass: Including household and industrial items.

Electrical and Transportation Equipment: Such as parts and finished goods.

Musical Instruments and Furniture: Both for consumer and industrial use.

Also:
Agricultural Products:
Mexico has historically retaliated with tariffs on U.S. agricultural products like apples, cranberries, and cheeses in response to U.S. tariffs on Mexican steel and aluminum. These retaliatory tariffs can range from 15 to 25 percent.

Consumer Goods: Mexico charges a 17% tariff on everything sent from the U.S. for consumers, sometimes with additional fees, which could imply that even consumer goods might face tariffs or duties beyond what's officially listed for specific products.

[Devo]

Wow, I had no idea those existed.

Ours seem minor compared to those against us.

I remember in Newfoundland how high priced American products were.

[HDGristle]

You should review our unified tariffs schedule