Stop buying American goods after Trump imposed 25% tariffs on Canada and Mexico

[Rainingalldayonmyhead]

Stop buying American goods after Trump imposed 25% tariffs on Canada and Mexico.

He says it’s because of phen and illegal immigration - less than 1% come from Canada.

This will have significant implications for the Canadian economy, the American economy and by domino the world. Not to mention the fact it could start a significant trade war.

The US doesn’t subsidise Canada - they buy Canadian goods. Approx 40% of their crude oil comes from Canada for example.

There is also an agreed trade deal between the US/Canada and Mexico that Trump agreed to and signed in his first years in office.

YABU - it doesn’t matter to me
YANBU - let’s stand up to a bully and support our allies

The US stock market fell on Friday. It will be interesting to see how it fares tomorrow - as well as the other stock markets.

People's pension funds are tied up in the stock markets.

The world economy does not need trade wars.

I didn't say it wouldn't impact the UK, I just don't think there's any point boycotting American goods or believe that it would mitigate the effects. At its worse, it could create a deficit in trade between us and the US and create an incentive to slap tariffs on us as well.

But yeah, I guess that's the simplistic answer, far more informed to rant about bullies 🤷🏼‍♀️

This thread is a bit hilarious (if not the tariff situation).

Here we are typing on phones made with American military technology. Produced in China yes but with all the intellectual property and profits flowing back to the US. Watching US TV. Working on US owned cloud software. Searching for things with Google's algorithm.

Of course we import things from the US. They're just invisible mostly.

The fossil fuels point is very valid of course and absolutely we could buy more Canadian stuff if we wanted.

Get those Goldfish and Chips Ahoy over here pronto, Canadian friends!

I don't thunk Geo 3's madness was of this idiotic sort.

Can the power of combined sensible mumsnetters stop this bullying self obsessed moron from destroying everything by boycotting American products and systems (and boycotting the Chinese made single wear fast fashion made by children and modern slavery)
It is possible to buy UK made items - seems expensive initially but will tend to last longer.

Was listening to a podcast this morning suggesting that if Canada significantly raised tarriffs on components of all things Tesla. Now, if the rest of the world joined in.....😂😂😂

He's said he is imposing 100% tarrifs on BRICS countries. I'm in one of them.

I'm not sure he's realised this will go both ways then.

Do you live in Spain?

Tanking your own economy is a pretty hard line.

Cost and availability make American and Chinese products the default in the UK

We can't pay people a UK wage and make goods cheap enough to satisfy the UK market .....

Thing are Usually ordered via American owned companies

However even small changes can hurt - a company losing a few % of sales rather than growing will usually panic

I don't agree with the "because we can't do everything, doing anything is pointless" line of thinking.

I was just looking at Californian wine exports - the two biggest destinations (by far) are Canada followed by UK. So one little step could be swopping to New Zealand or Aussie wines, or European ones, or some from the growing (and improving) British wineries. But for those don't drink wine at all, let alone Californian, that's irrelevant.

Boycotts usually don't change practices or really dent countries or even companies (Nestle, anyone?), but they are a way of standing for what you believe to be right.

And I wonder what will happen to foreign tourism to US over the next few years?

Good luck buying a UK made phone, computer or car.

Right, but that's the point. Everything is everywhere. Until you get to the point of materials that can be transported over a border, the rest is a sort of multinational soup of IP.

How would you import the internet? Or the concept of KFC?

We could, practically, boycott American media.

There is a ton of stuff on iplayer. More than anyone could ever watch or listen to.

Those things you mention @Deljay depend on a heap of intellectual property which can, and is, valued and appears on the financial account of the balance of payments of the USA. When financial bods mention "market capitalisation" of e.g. KFC or Google there are actual valuations involved.

I drive a UK made car, wear UK made clothes and have UK made household appliances.
Can't do a lot about the phones and computers - I just don't keep replacing when a new model comes out

I won't be back till trump is gone, and if trump snuffs it mid term, vance too.

I will be very happy if Mark Carney becomes the next Canadian PM. He’s a globally respected Economist and understands the big picture.

Right?

Is anyone giving up Visa, American express, MasterCard, PayPal and Stripe?

You don't have to do everything to do something.

Of course, you might not want to do anything at all.

Will your individual action be any more than a raindrop in the ocean? Nope, no-one says that it could ever be so. But do you want to be part of a drizzle that puts a dampener on things?

We also have a services trade deficit with the US (meaning we buy more of their services than they buy from us). I don't know what proportion of that is consumer based stuff and what is business based stuff like financial services. So we are a net customer on both the goods and services front.

I just checked the figures on some handy American AI.

Never a great idea to piss off your customers.

Trumps tariff plans could send me down a rabbit hole of reseach, facts , figures etc. Can't think of any country that suddenly becomes self sufficient, insular with wealthy citizens and envy of the world. That is his goal, right ?
Interesting article btw
https://www.ibisworld.com/united-states/industry-trends/biggest-exporting-industries/

These U.K. and the US aren’t the only two available countries.

Indeed not.

Posted from my phone made in China.