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US Tariffs, Sigh!

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park3r

New Member
Stacey K said:
Here's a good read on his bankruptcies. Without doing a real deep dive into this, most of them are casino's/hotels during the recession in the 1990's. It's odd to me you think he's not a good businessman. He's a billionaire, you don't get rich from making more bad decisions than good decisions. When you dabble in real estate there's a lot of loopholes...I use them too. Our tax system has many gray areas in it, many loopholes, if you don't use them while staying within the law, you are a fool.
Click to expand...
found this while browsing this thread, very interesting take.
i prefer to think that some people know how to get money, but are too oldfashioned, i remember how many people lost their money when COVID 19 was a thing. Many people had land based casinos, and they did not liked digital ones, so in the end every guy who moved to a digital casino using sth like nowplix platform (or any other thing) earned money, and every guy (most of them, not every tbh) who tried to get money on offline casino lost some.
Also, I totally agree with your point about the tax system. Most of the people I know who refused to use the gray areas or legal loopholes ended up giving up completely. Honestly, in today’s world, only fools try to stay 100% clean while managing money. The system rewards those who understand how to use it.
 
JBurton

JBurton

Signtologist
If you have a system, formed to give an upper hand to a group of people with an intimate knowledge of how it works because it's confusing, that group will slowly consolidate their fortune, until a point in time where they will have influence on said system, enabling them to further convolute said system, until said group has amassed 50% or more of the wealth, at which point the system will begin to eat itself. Now that half of the wealth is no longer taxed evenly, so you try to squeeze blood from the stones that make up 99% of the population, but only hold half the wealth.
 
productionMike

productionMike

Head babysitter, nappy changer and bottle washer!
Different story here in Canada, we do have inflation and we've been in a recession but the CDN gov't wont acknowledge it.
As conservative I do admire Trump for his patriotism for Americans. It's the inversive here but he's got a chip on his shoulder regarding Canada.

We have our own systemic issues that have been caused by the last "Lieberal" Trudeau decade of mis-management and climate extremist communism.
The Canadian economy is really propped by a Real Estate ponzi scheme, Illegal money Laundering and the mass migration of South Asian form India that have been imported to work as slave labor.

I would say to Geneva that the numbers aren't in yet on the US tariffs ... its my understanding that any and all costs will be passed onto the American consumer.
There have been knock on effects from the Canadians boycotting American products. I know for a fact that there's been 1 billion dollars worth of Kentucky Bourbon that's been taken off the store shelves, I prefer Tequila but I commiserate for the whiskey lovers.

US tourism - propped up previously by Canadians travelling south have hurt to the tune of a 60% decline in bookings.

Trumps slapped a 25% tariff on all Japanese cars, his ultimate goals is to bring production to the US but that would take 5-10 years... I say wait and see... its too soon to judge the effects of Trump tariffs.
 
Geneva Olson

Geneva Olson

Expert Storyteller
productionMike said:
Different story here in Canada, we do have inflation and we've been in a recession but the CDN gov't wont acknowledge it.
As conservative I do admire Trump for his patriotism for Americans. It's the inversive here but he's got a chip on his shoulder regarding Canada.

We have our own systemic issues that have been caused by the last "Lieberal" Trudeau decade of mis-management and climate extremist communism.
The Canadian economy is really propped by a Real Estate ponzi scheme, Illegal money Laundering and the mass migration of South Asian form India that have been imported to work as slave labor.

I would say to Geneva that the numbers aren't in yet on the US tariffs ... its my understanding that any and all costs will be passed onto the American consumer.
There have been knock on effects from the Canadians boycotting American products. I know for a fact that there's been 1 billion dollars worth of Kentucky Bourbon that's been taken off the store shelves, I prefer Tequila but I commiserate for the whiskey lovers.

US tourism - propped up previously by Canadians travelling south have hurt to the tune of a 60% decline in bookings.

Trumps slapped a 25% tariff on all Japanese cars, his ultimate goals is to bring production to the US but that would take 5-10 years... I say wait and see... its too soon to judge the effects of Trump tariffs.
Click to expand...
didn't your government steal your pension?
 
productionMike

productionMike

Head babysitter, nappy changer and bottle washer!
Geneva Olson said:
didn't your government steal your pension?
Click to expand...
I'd say its even more insidious than our pensions... The current "Lieberal" ( who was elected on his election platform of scary "Trump" Prime Minster Mark Carney who was Trudeaus economic adviser, so in effect.

While he was still acting as Governor of the bank of England, Mark Carney sold off ALL of Canada's gold reserve, is planning to ban all ICE vehicles by 2030, implements totalitarian speech laws.

Mark Carney Is an admirer of Marxism, a strident proponent of "NET ZERO" he wants to build oil pipelines only if there's "Decarbonised Oil" flowing through them!
Trump just slapped more tariffs on Canadian industries and what does Mark Carney do? He dissolves parliament and all of the legislators are on a two month summer vacation!

No Trade deal nothing bumpkiss - God help us! We laid off two people before Christmas slow but steady here but its precarious. I know of others in the graphics industry that are hurting and they have laid off workers as well.
 
productionMike

productionMike

Head babysitter, nappy changer and bottle washer!
MikePro said:
Bourbon taken off the shelves in Canada, has already been paid-for.
ownership most likely stashing "pre-Tariff" booze as a collector's item
Click to expand...
That's a negative, here in Ontario the LCBO ( Liquor control boards of Ontario ) is government run and is solely consignment. Add to that fact that Canadians and myself included have been boycotting American products because of the heavy handed Trump approach. This is just Bourbon from one state.

Google AI synopsis:
  • Economic Impact:
    Kentucky Distillers' Association reports that over 23,000 bourbon-related jobs in the state are threatened by the tariffs.

  • Export Decline:
    Canada's removal of American-made liquor from its shelves has directly impacted sales for distilleries like Brough Brothers, with the CEO estimating potential losses of $250,000.

  • Retaliatory Measures:
    Canada and the EU have imposed tariffs on American whiskey, including a 25% tariff by Canada and a 50% tariff by the EU on American whiskey.

  • Governor's Plea:
    Kentucky Governor has publicly appealed to Canadian leaders to lift the tariffs, highlighting the negative impact on the state's economy and the potential loss of market share to foreign competitors.

  • Industry Concerns:
    The Distilled Spirits Council of the United States has expressed concern that the tariffs will undermine efforts to rebuild US spirits exports in Europe.

  • Public Sentiment:
    Some bourbon makers in Kentucky have reported receiving hate mail from Canadians due to the tariffs, according to a CBC News report.

  • Industry Efforts:
    The Kentucky Distillers' Association is actively working to address the challenges and advocating for a resolution to the trade dispute.
 
productionMike

productionMike

Head babysitter, nappy changer and bottle washer!
Kentucky's bourbon industry is facing significant economic losses and uncertainty due to ongoing trade disputes and retaliatory tariffs, particularly with Canada. The industry, a major contributor to the state's economy, is grappling with decreased international orders, potential production cutbacks, and disruptions to established export markets. Distillers and industry groups are advocating for a return to zero-for-zero tariffs and are exploring alternative markets and strategies to mitigate the impact of the trade war.

Impact on the Kentucky Bourbon Industry:
  • Economic Losses:
    Kentucky's bourbon industry contributes $9 billion annually to the state's economy and supports over 22,500 jobs. The trade war is causing financial strain for distilleries, with some already reporting decreased international orders and considering production cutbacks.

  • Disrupted Exports:
    Canada is a major export market for Kentucky bourbon, and retaliatory tariffs have led to the removal of American-made spirits from Canadian retail shelves.

  • Uncertainty and Investment:
    The fluctuating trade landscape makes it difficult for distilleries to plan and invest in expansion and new technologies.

  • Impact on Related Industries:
    The bourbon industry's struggles also affect related sectors like farming, barrel making, and tourism, impacting the livelihoods of those who depend on it.

  • Potential for Shift in Focus:
    Distilleries may need to shift their focus to domestic markets or explore less restricted international markets to compensate for lost sales in Canada and other countries.
Industry Response and Calls for Action:
  • Advocacy for Zero-for-Zero Tariffs:
    Kentucky distillers and industry groups are actively advocating for the removal of tariffs and a return to a trade environment with no tariffs between the US and its trading partners.

  • Exploration of Alternative Markets:
    Distilleries are looking at expanding their presence in other international markets and focusing on domestic sales to compensate for lost export revenue.

  • Focus on Relationships:
    Despite the trade disputes, some distillers emphasize the importance of maintaining good relationships with their international partners and hope for a resolution to the conflict.

  • Concerns about Retaliatory Tariffs:
    The European Union's potential reinstatement of a 50% tariff on American whiskey adds to the industry's concerns and could further damage exports.
The Kentucky bourbon industry is facing a challenging period due to the ongoing trade war. While distilleries are taking steps to adapt and mitigate the impact, the situation highlights the vulnerability of a major industry to political and economic disputes.
 
JBurton

JBurton

Signtologist
Ugh, please refrain from copy/pasting ai search results. I don't really trust them, for instance, why would Kentucky distillers get hate mail from Canadians? Because they love their bourbon so much be feel that the distillers are the ones at fault? I thought the Canadians were boycotting said bourbon...
MikePro said:
just means more bourbon for ME and less for your King!
Click to expand...
Not if they start laying off workforce, slow down production, then increase the cost per bottle to makeup for the lost revenue.
 
productionMike

productionMike

Head babysitter, nappy changer and bottle washer!
MikePro said:
settle down there, chatGPT.
just means more bourbon for ME and less for your King!

I'd call that WINNING!
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Not ChatGTP that was just Google AI overview... Winning? tell that to the Kentucky Bourbon workers ... Better start drinking Canada's former share of Bourbon dude LMAO!
 
MikePro

MikePro

Active Member
JBurton said:
Ugh, please refrain from copy/pasting ai search results. I don't really trust them, for instance, why would Kentucky distillers get hate mail from Canadians? Because they love their bourbon so much be feel that the distillers are the ones at fault? I thought the Canadians were boycotting said bourbon...

Not if they start laying off workforce, slow down production, then increase the cost per bottle to makeup for the lost revenue.
Click to expand...

orrrr, people will buy American-made tariff-free products and import less Crown Royal & LeBatt Blue.
#winning
1752250616071.png
 
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