21–30 of 172 posts
Like many others, I'm of the opinion that shit is about to hit the fan in terms of the economy. Too many alarm bells, too many attempts by the admin to cover up and distract from the pillars starting to show cracks. I hope the recession ends up being smaller in length and magnitude than the 2008-2009 recession because that one wrecked an entire generation in terms of wealth and psychology.
Like many others, I'm of the opinion that shit is about to hit the fan in terms of the economy. Too many alarm bells, too many attempts by the admin to cover up and distract from the pillars starting to show cracks. I hope the recession ends up being smaller in length and magnitude than the 2008-2009 recession because that one wrecked an entire generation in terms of wealth and psychology.
If 80% of postal traffic was commercial and just being used to not pay duty/tariffs, then the tariffs are achieving what was intended. I don’t like the broad application of tariffs that is implemented today. They should have been better targeted. But this is one area where they are achieving what was intended.
It may be accomplishing what was intended -- but I don't think that people in the US (even those paying attention) understand what was intended. The lack of clarity in terms of regulations and collection of fees/tariffs show that it is not about efficiently collecting the $ but instead about breaking the chain of goods, from big business to small business to family ties, and cutting off flow to the USPS, supporting the privatization of the entity.
I agree that the de minimis exemption was being abused at scale.
I'm also salty that my family can't send birthday or Christmas presents, even a home-made card.
Whatever you want to say about this administration, always look one level down for the wholesale reconfiguration of supply chain and international connections that they're aiming for.
Like many others, I'm of the opinion that shit is about to hit the fan in terms of the economy. Too many alarm bells, too many attempts by the admin to cover up and distract from the pillars starting to show cracks. I hope the recession ends up being smaller in length and magnitude than the 2008-2009 recession because that one wrecked an entire generation in terms of wealth and psychology.
From someone outside the US (Canada) and in a country that's been abused by its giant next-door neighbour -- longer than just the current, explicit abuse -- I kinda hope this recession is deep and hurts badly. We've already seen some huge, positive structural changes to our economy and a down-and-out, bleeding US will have nothing but positive effects for the rest of us. I'd have some sympathy but this is an entirely…
None of this is good for working Canadians right now. The shit is about to hit the proverbial fan in this country in the next few months. And as bad as things might get in the US they're likely to be worse here.
Maybe in the long run we'll be on a stronger footing but it could also just lead to even more entrenched monopolies in the Canadian economy, and a victimized Canadian consumer.
I wonder how that will impact the USPS ? I tend to think it will help their bottom line a bit due to the international price agreements many countries have. Now, UPS and FedeX and other such companies, I think they could be in for a world of hurt if this is really true and continues for a while.
It’s more likely a set of products that were shipping directly from factories disappears from the market. For example, the direct from factory Halloween costume.
It could end up being a step backwards in living standards and access to daily luxuries.
Like many others, I'm of the opinion that shit is about to hit the fan in terms of the economy. Too many alarm bells, too many attempts by the admin to cover up and distract from the pillars starting to show cracks. I hope the recession ends up being smaller in length and magnitude than the 2008-2009 recession because that one wrecked an entire generation in terms of wealth and psychology.
So what's everyone think is a good place for their money to be? I'm pretty vexxed by this question. To me it seems obvious that a lot of what is happening is going to hurt, both short term (tariffs) and long term (destruction of the US advantage in science), but markets have kept going up and up.
Earlier quoted context omitted.
If 80% of postal traffic was commercial and just being used to not pay duty/tariffs, then the tariffs are achieving what was intended. I don’t like the broad application of tariffs that is implemented today. They should have been better targeted. But this is one area where they are achieving what was intended.
It was used to buy stuff from abroad. Now, selling the stuff to USA requires the seller to pay US tax on behalf of the American citizen to US government and then take that tax back from the American citizen. It is ridiculous. And also, if you are buying/selling low amounts and there is an intentional legal rule that says "small mounts are not taxed", then you are not avoiding anything nor using a loophole. You are le…
Like many others, I'm of the opinion that shit is about to hit the fan in terms of the economy. Too many alarm bells, too many attempts by the admin to cover up and distract from the pillars starting to show cracks. I hope the recession ends up being smaller in length and magnitude than the 2008-2009 recession because that one wrecked an entire generation in terms of wealth and psychology.
From someone outside the US (Canada) and in a country that's been abused by its giant next-door neighbour -- longer than just the current, explicit abuse -- I kinda hope this recession is deep and hurts badly. We've already seen some huge, positive structural changes to our economy and a down-and-out, bleeding US will have nothing but positive effects for the rest of us. I'd have some sympathy but this is an entirely…
e.g. just like the tariffs which are hurting Canada much more than the US.
Like many others, I'm of the opinion that shit is about to hit the fan in terms of the economy. Too many alarm bells, too many attempts by the admin to cover up and distract from the pillars starting to show cracks. I hope the recession ends up being smaller in length and magnitude than the 2008-2009 recession because that one wrecked an entire generation in terms of wealth and psychology.
I think there will be a depression, not just a recession.
I really hope I'm wrong.
Earlier quoted context omitted.
If 80% of postal traffic was commercial and just being used to not pay duty/tariffs, then the tariffs are achieving what was intended. I don’t like the broad application of tariffs that is implemented today. They should have been better targeted. But this is one area where they are achieving what was intended.
In think a lot of those good are simply not flowing anymore. Suddenly a bunch a products are from companies around the world are no longer viable to sell until current stock is purged and the price of everything goes up. A lot of vendors are still locked in with pre-tarrif pricing to big box stores so all of them need to go bankrupt before the full price increase takes effect.
Chaos and uncertainty seem like a much bigger issue in the US than forcing foreign retailers to compete on an even footing with local sellers.
Like many others, I'm of the opinion that shit is about to hit the fan in terms of the economy. Too many alarm bells, too many attempts by the admin to cover up and distract from the pillars starting to show cracks. I hope the recession ends up being smaller in length and magnitude than the 2008-2009 recession because that one wrecked an entire generation in terms of wealth and psychology.
From someone outside the US (Canada) and in a country that's been abused by its giant next-door neighbour -- longer than just the current, explicit abuse -- I kinda hope this recession is deep and hurts badly. We've already seen some huge, positive structural changes to our economy and a down-and-out, bleeding US will have nothing but positive effects for the rest of us. I'd have some sympathy but this is an entirely…