Tractors and (upcoming) tariffs?

[Hay Dude]

It is interesting to read the discussion from the US side of the border. The announcement of 25% tariffs is big news in Canada. We export upwards of $600Billion to the US every year. This will have a large effect in Canada and ripple effects on prices in the US.

Lots of data is being reported in the last few days. Here is some of it that may be of interest

Top U.S. imports from Canada in 2023
Value in U.S. dollars.

Oil and gas $103.22B
Transportation equipment $73.44B
Primary metals for manufacturing $35.53B
Chemicals $30.68B
Food products $29.72B
Machinery $22B
Petroleum and coal products $15.82B
Wood products $11.28B
Plastics and rubber products $10.38B
Paper $9.29B
Source: U.S. Census Bureau

According to U.S. Customs and Border Protection (CBP), the agency has seized 43 lbs of fentanyl at the Canada-U.S. border in the last year, excluding October, compared to 21,148 lbs at its southern border with Mexico in the same time period. (The total from Canada is less than one day's worth.)

According to CBP (Canada Border Patrol), in the last year, but excluding October, there were 23,721 encounters at the Canada-U.S. border. At the U.S. southern border with Mexico, there were more than 1.5 million. (People do come to Canada, on a student visa for example, with the plan to cross the border into the US. I personally believe the interest in doing this will sharply decrease in the coming months.)

There are border issues for sure, but they are far different in Canada vs Mexico. Canada is working on the issues. The Canada/US border is 5,525 miles long. Canada's population is only 40M people so we are spread pretty thin across the country! .

We believe that we are pretty good allies and the free trade agreement means that goods and services cross the border easily and this works to the benefit of both countries. These proposed tariffs go against the rules of the free trade agreement.

Tractor attachments from Canada will be affected. HLA, Woodland Mills, etc.

Signed, your neighbor.

I'm a big fan of HLA attachments.
Good solid farm grade.
Think I have like 4 HLA attachments

 

[Muhammad]

Hmmm.. but i cant help but wonder if what ever was said fit your narrative , would you quietly let it slide? Like what if some one said Israel is causing genocide in palestine. Would that be "ok" because 90% of mainstream media says so. Or if some one claims a man can become a women or vice versa.would these be held to the same standard?

Go ahead and post a thread about politics that you think fits my "narrative" and see what happens. Then you won't have to wonder anymore.

Edit:

 

[hayden]

Supply and demand have absolutely no bearing on inflation.

If there is huge demand and no supply, how is there inflation?
If there is huge supply, and no demand, how is there inflation?

Conversely...

If there is huge supply and no demand, how is there inflation?
If there is huge demand and no supply, how is there inflation?

Prices and inflation are mutually exclusive...

OK, we are talking about different things, but using the same word. I can't say which is correct based on economic text books. I'm not an economist, but I have run $100m revenue companies. I think people on the streets and in shopping lines are talking about and care about price increases. You are talking about the overall size of the economy.

 

[Muhammad]

I sure hope the leaders from other countries, who place tariffs on goods from the US, are reading many of these posts and realizing their tariffs are not good for their citizens as well. You'd never know other countries place tariffs on US goods from reading these posts; I don't see any negative comments directed toward those countries, just toward the US. If another country places tariffs on US goods, I see no reason not to reciprocate.

Many world leaders start their day on TBN...... allegedly.

 

[Chris Gurciullo]

Funny how when one side proposes anything "pro worker" or "anti business" - those costs are paid for by "evil" company profits. BUT when the OTHER side proposes a tariff - those costs are paid by the customer.
Doesn't work that way. All costs are ultimately paid by the consumer.

As far as tariffs go - people are getting too worked up. Most likely it's a negotiation tactic to get something from foreign governments. Those governments have to believe it's a real threat. Keep in mind while higher prices aren't good for us, they would devastate a country like Mexico or China.

 

[jyoutz]

And the number one trading partner is Canada, so I’m trying to figure out what the effects of a 25% Tariff on everything will be, because, on December 1 I have to make a decision on investing all of my 40 years of retirement savings. Will the markets be going crazy up and down And do we have to wait until January 20 to find out what will really be going on?

A lot of talk, speculation, and all the news networks in the last day or so.

I know that I’m going to move out of stocks into Treasuries by early January just to be safe until we see what happens.

 

[jyoutz]

It is interesting to read the discussion from the US side of the border. The announcement of 25% tariffs is big news in Canada. We export upwards of $600Billion to the US every year. This will have a large effect in Canada and ripple effects on prices in the US.

Lots of data is being reported in the last few days. Here is some of it that may be of interest

Top U.S. imports from Canada in 2023
Value in U.S. dollars.

Oil and gas $103.22B
Transportation equipment $73.44B
Primary metals for manufacturing $35.53B
Chemicals $30.68B
Food products $29.72B
Machinery $22B
Petroleum and coal products $15.82B
Wood products $11.28B
Plastics and rubber products $10.38B
Paper $9.29B
Source: U.S. Census Bureau

According to U.S. Customs and Border Protection (CBP), the agency has seized 43 lbs of fentanyl at the Canada-U.S. border in the last year, excluding October, compared to 21,148 lbs at its southern border with Mexico in the same time period. (The total from Canada is less than one day's worth.)

According to CBP (Canada Border Patrol), in the last year, but excluding October, there were 23,721 encounters at the Canada-U.S. border. At the U.S. southern border with Mexico, there were more than 1.5 million. (People do come to Canada, on a student visa for example, with the plan to cross the border into the US. I personally believe the interest in doing this will sharply decrease in the coming months.)

There are border issues for sure, but they are far different in Canada vs Mexico. Canada is working on the issues. The Canada/US border is 5,525 miles long. Canada's population is only 40M people so we are spread pretty thin across the country! .

We believe that we are pretty good allies and the free trade agreement means that goods and services cross the border easily and this works to the benefit of both countries. These proposed tariffs go against the rules of the free trade agreement.

Tractor attachments from Canada will be affected. HLA, Woodland Mills, etc.

Signed, your neighbor.

I agree with your information on the magnitude of border crossing and drug smuggling. But I’ve been to and across both borders. It’s my impression that there is far less border patrol and surveillance of the U.S./Canada border than the US southern border. It makes me wonder if the reported data reflects that there is simply less reporting?

 

[sunandsand]

Tariffs are a tool, and like any other tool, can be used correctly or misused. Other countries do have tariffs on US made goods, and that is their decision.

Tariffs are most properly used as a scalpel, not as a sledgehammer.

Canada and Mexico are our largest trading partners as well as our neighbors. I don't understand how imposing a blanket 25% tariff will "protect" us from our neighbors to the north, or how "revenge" and "retribution" (the favorite buzz words of the incoming administration) apply to them.

Mexico has their hands full - more than full - with the drug cartels. The media viewpoint is that they are on the verge of becoming a failed state, or worse, a narco-state. (Unfortunately, we have no other ways to tell what is really going on than the media). They are also a land bridge for people from central America, some of whom are desperately seeking a safe place to live, and, unfortunately, some of whom who have other, rather less noble motives.

Mexico needs help, not punishment. If your neighbor's house is on fire, you call the fire department, you don't call the EPA to complain about the smoke.

We and they need to approach this difficult situation differently. What the US and Mexico have been doing so far obviously isn't working. and slamming them with arbitrary tariffs as "punishment" isn't going to help them or us.

Best Regards,
Mike/Florida

 

[sunandsand]

Many world leaders start their day on TBN...... allegedly.

Well they would IF they were smart . . . ;-)

 

[2manyrocks]

Portable Winch co may be another great small business impacted by tariffs. I don’t think Canada should be subjected to tariffs in the US because they aren’t undercutting normal US wages to my knowledge.