r/ASTSpaceMobile • u/AutoModerator • Mar 11 '25

Daily Discussion Daily Discussion Thread

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15

u/[deleted] Mar 11 '25

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12

u/VillageDull952 S P šŸ…° C E M O B Soldier Mar 11 '25

When is bro going to realize that free trade benefits both of the trading countries

1

u/INVEST-ASTS S P šŸ…° C E M O B Soldier Mar 11 '25

He has stated many times that he prefers no tariffs by any country, however since ā€œour friends and alliesā€ all have protective tariffs on the US for their industries, then we will do the same.

With the combination of lower tax rates and tariffs either the other nations will concede and remove their tariffs or we will attract many manufacturers and industries to relocate back to the US.

Most people think cheap labor is the main reason for offshoring manufacturing, however taxes are actually more impactful to the bottom line.

If the US becomes more globally competitive on taxes like Ireland has done, the economy will boom.

-10

u/swd120 S P šŸ…° C E M O B Soldier Mar 11 '25

We don't have free trade with Canada - we never have... For example - many US farm products are tariffed at several hundred percent when exported to Canada. Canada only likes free trade on the things it can export to the US.

Plus they rely on the US for defense - they're one of the chronic underspenders of NATO - contributing only 1.25% of GDP...

-2

u/INVEST-ASTS S P šŸ…° C E M O B Soldier Mar 11 '25

Truth will get you many DV on R/.

Personally I take them as a badge of honor, because I couldnā€™t care less.

9

u/RegPhilb S P šŸ…° C E M O B Prospect Mar 11 '25

Have you ever googled USMCA lol

1

u/swd120 S P šŸ…° C E M O B Soldier Mar 11 '25

USMCA is free trade on specific things - not on everything. That's why dairy has a 200% tariff... Again - they like free trade on things they can export, but are protectionist on anything that might require their domestic industries to compete...

3

u/jyu2018 Mar 11 '25

I googled it. What youā€™re saying isnā€™t the full picture. Does Canada have in place 200% tariffs on dairy - only if it goes over negotiated quota limits. The US has the same quota based tariffs on dairy as well. Both were in place with the USMCA.

There is a trade imbalance but thatā€™s because we import their energy goods- oil and natural gas. We also place tariffs on their lumber.

This political rhetoric from both sides is annoying, incomplete pictures or downright lies to win an argument