Home Forums Hunting & Shooting Hunter's Campfire Ka - BOOM .... It Looks Like The Trade War Has Started ...

.... As earlier this morning Commerce Secretary Wilbur Ross confirmed that the Trump administration is imposing steel and aluminum tariffs on the EU, Canada and Mexico, with the tariff set to begin at midnight tonight. Canada, Mexico and Europe were exempted from import duties of 25% on steel and 10 per cent on aluminum when they were first imposed in March, but those exemptions will expire at midnight.





Needless to say the Europeans ... especially the Germans ... are having a schit-fit.

This prompted angry responses from the head of the EU bloc's executive Jean-Claude Juncker who said that the European Union will impose counter measures immediately.

"This is a bad day for world trade," Juncker said in a speech in Brussels. "So we will immediately introduce a settlement dispute with the WTO and will announce counter balancing measures in the coming hours."



BUT ..... if Europe wants to “show America” with a Trade War then it should be prepared for the following:

• They will practice “redistribution among themselves” of former exports to America.
• Inventories of “exported” or “held” finished goods will skyrocket.
• Factories will then shutter when they run out of storage space for unexportable finished goods.
• Welfare rolls will balloon.
• Wages will drop … wherever they’re not mandated.
• Spoiled workers will strike at factories that weren’t shuttered
• Excess supply and inventory will cause prices to plummet.
• Profits will crater.
• Tax receipts will drop, just as welfare spending spikes.
• Debt will grow.
• Currency exchange rates will drop.
• Investors will flee to America and companies will build factories in America to avoid the nasty effects of The Trade War.
• Interest rates will spike on both private and public debt.
• Debt will grow geometrically.
• Welfare payments will be cut.
• Politicians will be replaced.
• Nations will exit the EU.
• Bilateral Trade Deals with America will RULE, with the best deals going to the first partners.

AND ..... (while I doubt it will happen) .... an exclusive report by German magazine WirtschaftsWoche claims that President Trump is taking direct aim at Merkel and Germany and is preparing to impose a total ban on German luxury carmakers from the U.S. market. (Better get that Beemer, Benz or Porsche while you can!) Citing several unnamed U.S. and European diplomats, the weekly business magazine reported that Trump told French President Emmanuel Macronlast month he would maintain his trade policy with the aim of stopping Mercedes-Benz models from driving down Fifth Avenue in New York.



From a recent edition of a popular German news magazine:



How symbolic!

See:

https://www.zerohedge.com/news/2018...el-aluminum-tariffs-canada-mexico-and-eu
https://www.zerohedge.com/news/2018...tens-immediate-retaliation-trump-tariffs
https://www.zerohedge.com/news/2018...ortedly-planning-ban-luxury-german-autos

Fug all of them!!

And PM Shiny Pony won't have a clue what this means, let alone what to do about it. He'll tweet sad faces, no doubt.

Uh Oh! Tit-For-Tat .... Time To Get Worried ... as Canada imposes 25% and 10% tariffs:

25% tariffs on:



10% tariffs on:



(I'm sure that our friends to the north will be stocking up on "felt tip pens" before the big price jump!)

It'll all even out shortly.

They have been taking advantage for too long... They just got someone that's got a pair of ballz to tell them we aren't gonna take it anymore.

Felt tip markers is only meant to hurt teachers and 3 year olds.....I like it.

countries, nations, regions HAVE to operate under the rules of economic comparative advantage if they hope and expect to survive.

rattle the sabers, and make products that sell in the mktplace. it's really that simple, but it can appear to be complex.

russia, china, india, the usa, brazil and the other about 200 countries. they're set to produce stuff.

we/they will compete for the benefit of all, or be swallowed up by the greater solution.

I'm in the market for a good non-Chinese product. Any, non-chinese product. But who's selling?

ah, once the price/quality medium becomes competitive, then the available products will flow like cheap wine.

people purchase what they can afford, at a price they can afford to pay. or do without.

some people suggest that the invasion of the chinese cars will be good?

Canadian bacon prices climbing rapidly and Canadian.......what??

EU Markets took a HIT today on the news:

Germany's DAX sank 1.6 per cent on reports that President Trump aimed to push German carmakers out of the United States, while France's CAC 40 dropped 0.40 per cent.





I think they are finally starting to understand: " .... Trump Says What He Means ... And ... Means What He Says .... " Something that no one could ever accuse Obongo of.

Oh yeah, Canadian Dry ginger ale.....Through the roof I tell ya!!

Of coarse the diplomats are unnamed because its a bull $hit scare tactic. Why would he want to ban high end German autos form entering the US? What American carmaker is suffering market share with a $150,000 AMG coming into the country?

They(Germans) are taxing the crap out of anything sent to their country.

Then tariff the Benz, if someone wants to pay Ferrari prices for a 560 SL then fine. Most wont.

SCREW THE WORLD. Let em go w/o for a while.

I like the war. For the past 15 years it has been surrender. Wages have been stagnant at best, and prices have increased. Real buying power has been forfeited by the US under clinton, bush, and obongo. Time to not surrender anymore. MAGA

Oh no.....not Hair Lacquers and Playing Cards!!! What in the world are we going to do on Friday nights?!?!

MAGA!

MAGA!