Donald Trump's administration has pleaded with European countries to supply the US with eggs, as American consumers face soaring costs for the food item back home. The request from the US Department of Agriculture (USDA) comes after Trump slapped tariffs on EU imports of steel and aluminium and threatened to charge 200% levies on European alcoholic drinks.
The US President vowed to slash egg prices on his first day in office but instead has seen costs explode. Wholesale prices increased by an eye-watering 59% on a year-on-year basis in February, leaving hard-pressed American consumers deeply disgruntled.
(Daily Express).
@Ghost-of-a-Duke saidI have been looking around for some information on tariffs between EU and the US. Info seems vague or confusing. If you have please share it if you dont mind.
Donald Trump's administration has pleaded with European countries to supply the US with eggs, as American consumers face soaring costs for the food item back home. The request from the US Department of Agriculture (USDA) comes after Trump slapped tariffs on EU imports of steel and aluminium and threatened to charge 200% levies on European alcoholic drinks.
The US P ...[text shortened]... r basis in February, leaving hard-pressed American consumers deeply disgruntled.
(Daily Express).
Prior to Trump what tariffs were imposed between the US and EU, on alcohol, and on steel and aluminum.
In the case of Canada it appears that Canada was taxing US imports into Canada for years. Trump's tariff imposed this year was simply a retaliation.
@Rajk999 saidRE: Canada. Last century, NAFTA eliminated most tariffs in North America but didn't cover digital products very well. 😆
I have been looking around for some information on tariffs between EU and the US. Info seems vague or confusing. If you have please share it if you dont mind.
Prior to Trump what tariffs were imposed between the US and EU, on alcohol, and on steel and aluminum.
In the case of Canada it appears that Canada was taxing US imports into Canada for years. Trump's tariff imposed this year was simply a retaliation.
Trump disliked NAFTA so axed it in 2020 and replaced it with the USMC agreement. Apparently, he doesn't like that either.
Trump is a fickle little bitch. He flip-flops a lot. 😆
NAFTA Tariff Phaseout
The NAFTA eliminates tariffs on most goods originating in Canada, Mexico and the United States over a maximum transition period of fifteen years. The schedule to eliminate tariffs already established in the Canada-United States Free Trade Agreement will continue as planned so that all Canada-United States trade is duty-free in 1998. For most Mexico-United States and Canada-Mexico trade, the NAFTA will either eliminate existing customs duties immediately or phase them out in five to ten years. On a few sensitive items, the Agreement will phase out tariffs over fifteen years. NAFTA-member countries have agreed to a faster phaseout of tariffs on certain goods.
@spruce112358 saidTry not to let your hatred for Trump cloud your judgment. Here's why. You might be in a burning building [figuratively] and Trump says..."Get out the building its on fire", and will do the opposite.
RE: Canada. Last century, NAFTA eliminated most tariffs in North America but didn't cover digital products very well. 😆
Trump disliked NAFTA so axed it in 2020 and replaced it with the USMC agreement. Apparently, he doesn't like that either.
Trump is a fickle little bitch. He flip-flops a lot. 😆
NAFTA Tariff Phaseout
The NAFTA eliminates tariffs on mo ...[text shortened]... years. NAFTA-member countries have agreed to a faster phaseout of tariffs on certain goods.
Anyway, here is a more reasonable analysis of the situation from Perplexity:
The USMCA stands for the United States-Mexico-Canada Agreement, a free trade agreement among the United States, Mexico, and Canada. It replaced the North American Free Trade Agreement (NAFTA) and came into effect on July 1, 2020. Key points about the USMCA include:
Modernization of NAFTA: The USMCA updates and modernizes the provisions of NAFTA, focusing on areas like intellectual property, digital trade, and labor standards.
Automotive Rules: It increases the percentage of automotive content that must be sourced from within North America to 75%, aiming to promote domestic production.
Agricultural Trade: The agreement provides greater access to the Canadian dairy market for U.S. farmers and strengthens agricultural trade in North America.
Digital Trade: It includes new chapters on digital trade, anticorruption, and good regulatory practices, supporting a 21st-century economy.
Trade Disputes: The agreement retains a dispute resolution system similar to NAFTA, allowing countries to address trade disputes through formal mechanisms.
Overall, the USMCA aims to create more balanced and reciprocal trade among the three countries, supporting economic growth and job creation in North America.
Differences :
The United States-Mexico-Canada Agreement (USMCA) and the North American Free Trade Agreement (NAFTA) have several key differences:
Automotive Manufacturing:
NAFTA: Required 62.5% of vehicle components to be made in North America to avoid tariffs.
USMCA: Increased this requirement to 75% and added a wage condition: 40-45% of the work must be done by workers earning at least $16 per hour.
Dairy and Agriculture:
NAFTA: Generally had no tariffs on most goods.
USMCA: Maintains tariff-free access but opens up more of the Canadian dairy market to U.S. farmers, allowing U.S. tariff-free access to up to 3.6% of the Canadian dairy market.
Labor Laws:
NAFTA: Criticized for sending jobs to Mexico due to lower wages.
USMCA: Strengthens labor protections in Mexico, allowing workers to unionize and enforcing labor rights more effectively.
Digital Trade:
NAFTA: Did not address digital trade.
USMCA: Includes provisions for digital trade, such as forbidding data localization requirements and protecting online content.
Environmental Protections:
NAFTA: Had limited enforceable environmental provisions.
USMCA: Allocates funds to address environmental issues and strengthens enforcement mechanisms.
Sunset Provision:
NAFTA: No sunset clause.
USMCA: Includes a sunset provision, meaning the agreement will expire unless renewed by all parties.
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Biden Administration slaughtered 100 million chickens at the end of his term, then blamed Trump for the ridiculous surge in egg prices.
At any rate, eggs have now dropped for the 3rd week in a row and are now at 3.99/dozen where I live, with prices projected to continue dropping for the next few weeks.
Cry about something else, Trump is delivering on his promise, and he didn't say it would happen instantly on his first day, he said he'd start working on getting the price down.
@Cliff-Mashburn saidOkay, but he did say he would end the Ukraine war in 24-hours,.....right?
Biden Administration slaughtered 100 million chickens at the end of his term, then blamed Trump for the ridiculous surge in egg prices.
At any rate, eggs have now dropped for the 3rd week in a row and are now at 3.99/dozen where I live, with prices projected to continue dropping for the next few weeks.
Cry about something else, Trump is delivering on his promise, a ...[text shortened]... ay it would happen instantly on his first day, he said he'd start working on getting the price down.
Or was that a yoke?
(Egg pun).
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@Ghost-of-a-Duke saidYeah he stepped on his dick with that one, but it's been 8 weeks now after taking office and it looks like he's close to delivering.
Okay, but he did say he would end the Ukraine war in 24-hours,.....right?
Or was that a yoke?
(Egg pun).
All Biden did was keep fanning the flames and making things worse.
@Rajk999 saidUSMC is not SO different from NAFTA, but it modernized a few things.
Try not to let your hatred for Trump cloud your judgment. Here's why. You might be in a burning building [figuratively] and Trump says..."Get out the building its on fire", and will do the opposite.
Anyway, here is a more reasonable analysis of the situation from Perplexity:
The USMCA stands for the United States-Mexico-Canada Agreement, a free trade agreement am ...[text shortened]... A: Includes a sunset provision, meaning the agreement will expire unless renewed by all parties.
Now get your head out of Trump's a$$ for a minute and ask, "Why did Trump just blow USMC up?" 😆
Fickle. Little. Bitch.
@Cliff-Mashburn saidWell, let's see what Russia does next.
Yeah he stepped on his dick with that one, but it's been 8 weeks now after taking office and it looks like he's close to delivering.
All Biden did was keep fanning the flames and making things worse.
@my-king-and-i removed their quoted postWhich is a shame since he needs to be shot for treason anyway. Would have been once less thing to do. 😆
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@spruce112358 saidOpening the border and letting 20 million illegal immigrants in and claiming that the border was secure strikes me as being treasonous also, are you on board with putting Joe Biden up against a wall too?
Which is a shame since he needs to be shot for treason anyway. Would have been once less thing to do. 😆
@spruce112358 saidYou are not capable of a civil discussion on any matter pertaining to American pollitics. Anyway according to the facts USMC was a significant step forward in trade relations in North America.
USMC is not SO different from NAFTA, but it modernized a few things.
Now get your head out of Trump's a$$ for a minute and ask, "Why did Trump just blow USMC up?" 😆
Fickle. Little. Bitch.
The important thing is to establish who started the tariff war and when. So far your contribution is too emotional to be of any help. Maybe just go have a beer or something.
@Rajk999 saidI'm not really clued up on tariffs, but the EU seems to be in the firing line. (For retaliating itself).
I have been looking around for some information on tariffs between EU and the US. Info seems vague or confusing. If you have please share it if you dont mind.
Prior to Trump what tariffs were imposed between the US and EU, on alcohol, and on steel and aluminum.
In the case of Canada it appears that Canada was taxing US imports into Canada for years. Trump's tariff imposed this year was simply a retaliation.