More Winning! Consumer Sentiment Soars as Lower Income Americans Feel Benefits of Trump Boom
- Thread starter Optionpro007
- Start date
I think the Whiteys know they've been conned by Orange Jeb and are in permanent troll mode.
Pretty funny.
Vermont is now a solid lefty, bernie, howard dean type of state but it is still a big dairy industry state, bigly.
So all the politicians there- Leahy and Bernie- and that crew are struggling to tamp down the good news for the dairy farmers who are happy as a clam at high tide after this nafta revamp.
The lefty politicians are saying they need to wait and see and read the fine print, and that other tariffs are actually hurting Vermont, blah, blah, blah. Yeh. Nobody has given them their talking points yet. It's like when Here4money tries to go solo on an issue without the links he gets in his morning emails from lefty groups. Never works. Wait for your talking points.
Vermont is now a solid lefty, bernie, howard dean type of state but it is still a big dairy industry state, bigly.
So all the politicians there- Leahy and Bernie- and that crew are struggling to tamp down the good news for the dairy farmers who are happy as a clam at high tide after this nafta revamp.
The lefty politicians are saying they need to wait and see and read the fine print, and that other tariffs are actually hurting Vermont, blah, blah, blah. Yeh. Nobody has given them their talking points yet. It's like when Here4money tries to go solo on an issue without the links he gets in his morning emails from lefty groups. Never works. Wait for your talking points.
Trump has just revolutionized global trade by replacing NAFTA with USMCA
By Christian Whiton | Fox News
(AP)
Trump administration negotiators reached a major agreement with Canada on trade over the weekend. The breakthrough, which came on the heels of an earlier deal with Mexico, vindicates President Trump’s tough approach to reforming trade and will mark a fundamental turning point for American jobs and global power.
The new U.S.-Mexico-Canada Agreement (USMCA), which replaces the North American Free Trade Agreement (NAFTA), is much more than just a new name.
Some of its breakthroughs include:
We pay for Europe’s defense and it rewards us with a 10 percent tariff on U.S. cars (compared to our 2.5 percent tariff) and impenetrable barriers to U.S. agriculture, especially by France.
The new deal also shows that Trump will put aside political differences when it comes to protecting American jobs and profitability. The National Football League (NFL), which Trump has criticized repeatedly for its players’ appalling displays of disrespect to the American flag, won big. The new agreement ends a practice by which Canada made NFL broadcasters show the same commercials in Canada that it did in the USA, precluding a major source of advertising revenue for the league.
USMCA also ends the practice in the Canadian province of British Columbia of elevating the price of American wine imports, which will particularly help hyper-liberal wine-growing northern California. When it comes to defending American interests, Trump is the president of all America, not just his political supporters.
There are still other big trade fights on the horizon. The Trump administration is also seeking major changes to trade relationships with China, the European Union (E.U.), and Japan. This new North American deal comes on the heels of agreements with South Korea.
To paraphrase Winston Churchill, this isn’t the beginning of the end, but it may be the end of the beginning of creating a new world order of trade.
Trade talks with Japan, with which the U.S. has a long-running trade deficit, recently were transformed from unserious to serious. Japanese Prime Minister Shinzo Abe just agreed to a formal process that should lead to an agreement.
China will be much tougher, especially since it benefits from a massive $376 billion trade in goods deficit. The communist government there has built an economy that depends on stealing intellectual property from America and other advanced economies. It also manipulates its currency and has high tariffs, including one that is ten times the U.S. rate on autos. It will likely take years of sustained pressure on China to change, but in the meantime we can bias trade and investment away from China.
Europe too is dragging its feet on trade reform, despite signaling a willingness to agree to fundamental reform. We pay for Europe’s defense and it rewards us with a 10 percent tariff on U.S. cars (compared to our 2.5 percent tariff) and impenetrable barriers to U.S. agriculture, especially by France.
Trump has threatened higher tariffs on cars and auto parts to force negotiations. One of the innovations of the USMCA is that it exempts Canadian and Mexican companies from future tariffs like these up to certain levels. That now leaves the Trump administration with the ability to levy car tariffs without directly affecting the North American auto industry.
Don’t expect Wall Street or the “free trade” experts in Washington to give Trump credit for this breakthrough or accept his tough tactics, including the tariffs. But by the end of Trump’s first term, Americans will see a sustained booming economy that benefits all of North America and the other advanced economies that are willing to play fair with us.
By Christian Whiton | Fox News
(AP)
Trump administration negotiators reached a major agreement with Canada on trade over the weekend. The breakthrough, which came on the heels of an earlier deal with Mexico, vindicates President Trump’s tough approach to reforming trade and will mark a fundamental turning point for American jobs and global power.
The new U.S.-Mexico-Canada Agreement (USMCA), which replaces the North American Free Trade Agreement (NAFTA), is much more than just a new name.
Some of its breakthroughs include:
- Aiding farmers by curbing Canada’s high tariffs and low quotas on U.S. dairy products.
- Reinvigorating U.S. car manufacturing. Previously 40 percent of a car could be made in China or other places with few labor or environmental standards and still considered to be “North American” and imported cheaply into the USA. The agreement drops this foreign portion to 25 percent.
- Easing the burden on sick Americans who fund drug development by paying full price for patented drugs. Both Canada and Mexico have agreed to respect drug patents on biologic drugs—the most promising field of new cures—for a period of 10 years, which means Americans won’t be only ones from whom drug companies can recover expenses.
We pay for Europe’s defense and it rewards us with a 10 percent tariff on U.S. cars (compared to our 2.5 percent tariff) and impenetrable barriers to U.S. agriculture, especially by France.
The new deal also shows that Trump will put aside political differences when it comes to protecting American jobs and profitability. The National Football League (NFL), which Trump has criticized repeatedly for its players’ appalling displays of disrespect to the American flag, won big. The new agreement ends a practice by which Canada made NFL broadcasters show the same commercials in Canada that it did in the USA, precluding a major source of advertising revenue for the league.
USMCA also ends the practice in the Canadian province of British Columbia of elevating the price of American wine imports, which will particularly help hyper-liberal wine-growing northern California. When it comes to defending American interests, Trump is the president of all America, not just his political supporters.
There are still other big trade fights on the horizon. The Trump administration is also seeking major changes to trade relationships with China, the European Union (E.U.), and Japan. This new North American deal comes on the heels of agreements with South Korea.
To paraphrase Winston Churchill, this isn’t the beginning of the end, but it may be the end of the beginning of creating a new world order of trade.
Trade talks with Japan, with which the U.S. has a long-running trade deficit, recently were transformed from unserious to serious. Japanese Prime Minister Shinzo Abe just agreed to a formal process that should lead to an agreement.
China will be much tougher, especially since it benefits from a massive $376 billion trade in goods deficit. The communist government there has built an economy that depends on stealing intellectual property from America and other advanced economies. It also manipulates its currency and has high tariffs, including one that is ten times the U.S. rate on autos. It will likely take years of sustained pressure on China to change, but in the meantime we can bias trade and investment away from China.
Europe too is dragging its feet on trade reform, despite signaling a willingness to agree to fundamental reform. We pay for Europe’s defense and it rewards us with a 10 percent tariff on U.S. cars (compared to our 2.5 percent tariff) and impenetrable barriers to U.S. agriculture, especially by France.
Trump has threatened higher tariffs on cars and auto parts to force negotiations. One of the innovations of the USMCA is that it exempts Canadian and Mexican companies from future tariffs like these up to certain levels. That now leaves the Trump administration with the ability to levy car tariffs without directly affecting the North American auto industry.
Don’t expect Wall Street or the “free trade” experts in Washington to give Trump credit for this breakthrough or accept his tough tactics, including the tariffs. But by the end of Trump’s first term, Americans will see a sustained booming economy that benefits all of North America and the other advanced economies that are willing to play fair with us.
Maybe he's expecting Fred Trump to bail him out again.
In Canada - The national average price for four litres of milk is $10.04 or $2.51 per litre.
https://www.statista.com/statistics/443441/average-retail-price-for-homogenized-milk-in-canada/
In the U.S. - $2.87 USD is the average milk price per gallon.
https://data.bls.gov/timeseries/APU0000709112
4 litres is 1.05669 U.S. gallon. The current exchange rate is 1 Canadian Dollar equal to 0.78 United States Dollar. This means that $10.04 Canadian is equal to $7.38 U.S. - accounting for the litre to gallon rounding this would be approximately $7.02 USD for a gallon of milk in Canada.
So in summary the average price of milk in Canada is 244% or $4.15 USD higher per gallon than the price in the U.S.
Milk doesn't cost that much where I live. Not even close. And it's frequently discounted. I've never paid $10 for a gallon of milk. 4L of 2% at Walmart Canada today lists at $4.47; that's retail with no sale. You can get cheaper in both countries if your brand is on sale. The first Google search I made yesterday said a gallon in US was $3.50 and 4L in Canada was $4.80 ( note Walmart is cheaper then this quote ). Do the math that's only a nickel different. No need for a scientific study here I already knew Milk wasn't super expensive in Toronto.
The point is price of Milk in Canada and any small premium to the price of milk in the US is immaterial to the life of a Canadian. But there you are quoting 244% differences like it's real. Maybe in Nunavit it's really expensive.
Just curious, are you still taking the position that housing in Canada isn't seeing a bump in the road?
https://business.financialpost.com/...es-in-september-up-1-9-per-cent-from-year-ago
Hardly a meaningful correction after 26 years of a strong market. More "affordable" homes and rentals ( eg condos, townhomes, apartments ) have had significant price appreciation over and above the averages the last two years. The only "bump" if we can call it that is the illiquid detached home market, particularly for house flippers and those buying for investment purposes only. The price spike that occurred in that segment in early 2017 wasn't sustainable but this was not news to anyone here; I have a friend who sold at that time a day after he listed.
Let's take a look at an image of recent milk prices in grocery stores in Canada. There are plenty of others available showing the current pricing of milk in Canada.
$4.49 for 1.5 Litre
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https://www.theglobeandmail.com/bus...tch-to-pet-bottles-just-the-start-of-changes/