Tariff War & Domains (2.Viewing)

I was waiting for the first casualty... probably more to come.

A stupid ass trade war is certainly going to effect everything, including domain sales.

Rising costs, people will have less money and businesses will be less willing to make financial decisions.

The Dow fell 1,679 points, or 3.98%. The broader S&P 500 was down by 4.84% and the tech-heavy Nasdaq plunged 5.97%. All three major indexes posted their biggest single-day drop since 2020.

The dollar wiped out all gains since President Donald Trump’s reelection in November.

Never been a better time to need a .CA !!! Distance your Canadian biz from .COM.

rlm said:

Never been a better time to need a .CA !!! Distance your Canadian biz from .COM.

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You're quite right about that, if anything it should make owning a .ca more important than ever.

After a busy week of destroying the US economy, Trump is off to a Saudi hosted golf event at his club.

A well deserved rest!

It's ridiculous how they came to these numbers. A trade deficit is not a "tariff".

Yeah, no shit we have a trade imbalance with some poor country. They produce products for cheap and sell them to a rich country.
No one is going to be making socks here for $2/hour.

We better put tariffs on those poor countries, using some nonsensical math formula.

Brad

While I agree with the basic gist of some things Trump wants to do, they're absolute effing morons when it comes to doing it in a way to actually achieve the goal that doesn't leave a path of destruction.

I've thought forever that the U.S. was effing stupid for building up China and India by outsourcing their manufacturing and manpower at the expense of our own. Sure it sounds great for an individual company, but when everyone is doing it, there is going to be harmful and long-lasting if not almost permanent effects. But in the corporate world, no one gives a shit about that. If you're going to take advantage of 3rd world countries for cheap labor and to theoretically help them grow out of the stone age, then awesome, help out the many SMALL countries that will never be able to grow and come back to become your enemy. But instead we've literally pumped steroids into the Chinese economy accelerating their growth by decades to the point that now they're a legit rival with influence. Did no one in the gov't see that coming? Sure they did, but they didn't give one-fuck because I'm sure they got kickbacks and it was good for them at the moment. Trump wants to help out Russia too, how do we think that's going to work out?

It's really a messed up world we're in now because either its an overburden of bloated gov't and taxes and corporate kickbacks, or its a minimized gov't that the corporates can fully get away with anything. In either case, its a losing battle for the rest of us and always just benefits the self interests of those in control. Basically we're screwed either way. The democrats REALLY REALLY EFFED UP by NOT DOING FUCKALL to prevent the pendulum from swinging so far left that the right has turned into a mob. They could have easily made some compromises to bring things back towards the center, but no. I feel both sides are to blame here.

And I was always a republican, but its hard to watch now.

It's crazy how much Trump's lunacy has flipped the Canadian election betting odds.

Those betting on Pierre will make a mint, I still think he is getting in by a landslide.... time will tell.

I don't know why people would vote for 4 more years of Liberals when after 10 years they are the ones that got us to the place we're in now. Especially when Trump has mildy endorsed Carney by saying he's looking forward to working with him after the election and that he 'prefers' a Liberal government. Probably because he knows he can easily run circles around them.

domains said:

I don't know why people would vote for 4 more years of Liberals when after 10 years they are the ones that got us to the place we're in now. Especially when Trump has mildy endorsed Carney by saying he's looking forward to working with him after the election and that he 'prefers' a Liberal government. Probably because he knows he can easily run circles around them.

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Canada is done regardless, easier to jump on the anti trump wagon then look in the mirror and accept Canadians allowed this to happen

rlm said:

While I agree with the basic gist of some things Trump wants to do, they're absolute effing morons when it comes to doing it in a way to actually achieve the goal that doesn't leave a path of destruction.

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I think the problems are so big, that there's no way to turn it around in a short-ish period of time without some pain. The tariffs that other countries have on the US over the past years and decades are often bigger than what the US tariffs. How many Canadians really have a good understanding of all the tariffs and trade barriers we've had on the US? - milk and dairy is one example. Until Trump the US had just accepted it but now they are trying to level the playing field. Before anyone complains about US tariffs they should have a good understanding of how much other countries tariff the US. Also, it is hard to quickly undo decades of manufacturing and jobs moving to China. It is a lot of disruption now but for Americans it is probably the right thing to do overall for the future - for their kids and grandkids. For Canada, the politicians have let Canada become weak through dependence on the US, I even heard Melanie Joly admit that today in an interview, so they need to create the economic conditions and regulations that will allow Canada to diversify it's trade and become more resilient. The Liberals and their voters thought focusing on DEI and climate and virtue signaling would make Canada strong - apparently it doesn't work that way. With DOGE cutting US government spending, and tariffs and other measures bringing in more US revenues, their hope is to balance the budget and concentrate spending on maintaining US social, medical, and retirement obligations to those who are entitled to it. They also want to be able to eliminate income taxes on anyone earning $150,000 or less, which helps offset the higher costs of goods affected by tariffs. It seems that most of the people that Trump has appointed were carefully head hunted from lists of top performers in their fields, and are more motivated by trying to do what's best for their country instead of grift and status and making more money from it. There is a good podcast called the "All In" podcast and they recently did an interview with Howard Lutnick (US Commerce Secretary in the Trump administration) that explains a lot about what they are trying to do and how they got here, definitely worth a listen.

I have no idea whether they will be successful or not, but I can understand what the US is trying to do. And with a 4 year term, time is of the essence. With Trump being a capitalist and business man, I also don't think he will allow a long, deep recession or a long period of economic pain. If it's not working they will pivot and make changes along the way imo. If they weren't doing anything to correct all the problems that have built up over decades, sure things would chug along fine for now but it would be just kicking the can down the road until a disaster finally unfolds, and then it's too late. This really should have been started long ago, for example in 2008 when we had the big financial crisis, they just bailed out the banks because it was easy, instead of letting more of them fail, taking the pain, and resetting things so that by today we would have already been through it and better off.

I think they sent a couple of people down to Canada and realized it's basically Mumbai here.. not meant to offend anyone. The mass immigration that occured has changed this country so fast. A lot of boomers in Oakville, burlington, up north etc haven't dealt with it much (mostly city centers) so they are naive to it

I don't even think the problem is immigration, at least not legal immigration. The big problems that government could fix are high personal and business taxes, overregulation and red tape, interprovincial trade barriers, endless wait times for permits and approvals for any kind of resource development, multiple and increasing high fees and taxes on new real estate developments. Have a Canada DOGE to find and eliminate wasteful government spending and downsize the size of government because the number of government workers has increased 40% under the Liberals, but has government gotten more efficient? I bet they could cut 20% of government jobs in the right places and we wouldn't notice a difference. Imagine Canada treated it's energy industry like Norway, and we actually tried to ship our oil and gas around the world to all the countries that have need for it, including our ally countries in Europe. And imagine we did the same thing with mining. Canada does resource extraction to probably the highest standards in the world, but we try to throttle the output. The revenues the government could make from a thriving resource industry would pay for a lot of social, medical and retirement benefits, not to mention all the jobs it would create. But for some reason we haven't maximized this and just let other countries produce and benefit from it. OFcourse the US is maximizing its energy industry and doesn't want the competition from Canada!

domains said:

I think the problems are so big, that there's no way to turn it around in a short-ish period of time without some pain. The tariffs that other countries have on the US over the past years and decades are often bigger than what the US tariffs. [...] Before anyone complains about US tariffs they should have a good understanding of how much other countries tariff the US.

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Does the US government actually understand the tariffs though?

From what I understand/saw the US tariffs mostly not based on tariffs that other countries placed on the US, they are based on trade deficits. And then there are some countries that just got the 10% tariff by default like the uninhabited Heard and McDonald Islands.

Trade deficits were largely created by US companies outsourcing their work to cheap labour/supply countries and are not the same as tariffs. Neither can they be fixed by those.

domains said:

All In podcast with Howard Lutnick

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Thanks for this link, the video (not through yet) is very informative.

MapleDots said:

You're quite right about that, if anything it should make owning a .ca more important than ever.

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I'm sure this will be an unpopular opinion, but I would say far from.

If anything, this is an age where we need to be skeptical of nationalism and protectionism.

I'd rather use a "neutral" gTLD than a ccTLD. CIRA isn't exactly the kind of organization to be able to claim ethical superiority over a multi-stakeholder TLD like com/net/org.

We also have to keep in mind that the ""owner"" for lack of better word of a TLD is not the same as the operator of a TLD registry or its nameservers. Verisign is an American company - yes. But Verisign does not have a golden ticket to run the gTLDs or even the root name servers.

ICANN/IANA, if willing can and should re-evaluate when the time comes whether they want to extend Verisign's operations.

In fact if we want to talk about risks to domain/DNS infrastructure, we should start at the top and have a discussion about ICANN/IANAs US presence and not just com vs ca.