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I think Trump is hitting a nerve with his tariffs around the world. It’s comical watching the media claim all of these nations are now imposing "reciprocal" tariffs when we are actually the ones reciprocating tariffs that these nations already had on US goods.
The other day China made a statement that they are ready for "any type of war" with the US. Presumably even a military conflict. This is likely not only a result of tariffs but also a result of Trump taking control of the Panama canal from them and working on a deal with Russia for rare earth minerals that China thought they had an exclusive deal on. Trump is driving a wedge between the Russia China alliance that was already an uneasy one. Not to mention Taiwanese chip manufacturers talking about moving operations to the US and denying China their chips. China is all bark and no bite when it comes to military action. My wife is from the Philippines and as such I pay close attention to events in the area. China has been bullying the Philippines and other nations in the area trying to claim those nation's sovereign territory as their own. I don't believe Trump is gonna tolerate this behavior much longer.
China knows their days as an economic super power are numbered. The only thing they have to offer the world is cheap labor. I can tell you from personal experience their cheap labor is quickly becoming obsolete as the US and other nations move to automated manufacturing technologies. I work for a company that is implementing these technologies. We are competing directly with Chinese companies and beating them in cost, efficiency and quality. As these technologies become more widespread China will lose customers. Trump's tariffs will only accelerate this. And no automation does not take people's jobs. In fact I have seen the opposite. It gives manual laborers more opportunities to learn a higher paying trade (engineers, programmers, maintenance, machinist/toolmakers (this is what I do for a living), ect).
Now on to Canada. Since Trump has imposed reciprocal tariffs on them they have made all sorts of threats such as raising tariffs they impose on US goods even more, raising electricity prices for US customers or cutting them off entirely and cutting off Canadian oil. These are all empty threats. First of all Canada imports almost nothing from the US. We don't need electricity from Canada. As far as oil goes we refine all of their oil for them. Furthermore the oil pipelines that go from western to Eastern Canada pass directly through the US. We could cut off oil to Eastern Canada instantly as well as refined oil to all of Canada.
Now let's talk imports from Canada to the US. 60% of all Canadian imports go to the US. This is critical for the wellbeing of their economy. Only thing is we don't really need anything we import from them. We are basically subsidizing their economy. The main imports from Canada are oil and lumber. We have plenty of our own lumber and Trump is already making moves to deregulate the logging industry. As far as oil goes we can get that from anywhere and as I noted above Canada relies on us to refine their oil.
In summary the US holds all the cards here and though things may look chaotic on the surface Trump knows what he is doing and he needs to stay the course. The days of American taxpayers being taken advantage of by the rest of the world are coming to an end and we are about to lead the world in a new industrial revolution. There will be some short term pain as Trump even mentioned in his address to congress the other day. But what is on the other side is so much better than what we have now.