The tariff clown car rolls on - Canada edition
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Trump threatens new tariffs on Canada, including 250% tax on dairy
“The market is having trouble digesting the multidimensional chess that Trump and his team are playing,” said Michael Block, market strategist at Third Seven Capital. “This multidimensional chess game is not going well for the grand master. There may be a method to the madness. He might be trying to confuse world leaders. But the market is saying stop confusing us. we don’t like this.”
https://www.yahoo.com/news/trump-threatens-tariffs-canada-including-173601398.html
where's the cuckoo emoticon? Guess this will have to do:
@wtg said in The tariff clown car rolls on:
There may be a method to the madness.
There is none. No method, only madness.
His MO is chaos.
I believe part of that is because he cannot organize his own thoughts. We are seeing... we are living in... the manifestation of the chaos inside his head.
It's like "Being John Malkovich" except instead of a surrealist fantasy, it's an all too real nightmare from which we cannot awaken.
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Ontario’s premier, the leader of Canada’s most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million Americans in response to U.S. President Donald Trump’s trade war.
Ontario provides electricity to Minnesota, New York and Michigan.
“I will not hesitate to increase this charge. If the United State escalates, I will not hesitate to shut the electricity off completely,” Ontario Premier Doug Ford said at a news conference in Toronto.
Ford said Trump changes his mind every day, but if he continues to attack Canada he will do everything it takes to maximize the pain.
“Republicans, at least the ones I speak to, do not agree with President Trump but they are too scared to go out there and say it publicly,” Ford said. “It’s a shame but we need to end this.”
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Oke doke then.
Ontario Premier Doug Ford's move to impose a surcharge on electricity flowing south of the border seems to have gotten the attention of U.S. President Donald Trump.
Trump turned his sights on the new levy in a late night post on his Truth Social platform.
"Despite the fact that Canada is charging the USA from 250% to 390% Tariffs on many of our farm products, Ontario just announced a 25% surcharge on "electricity," of all things, and your not even allowed to do that," he wrote.
It is not entirely clear what Trump meant by saying Ontario is "not even allowed to do that."
"Because our Tariffs are reciprocal, we'll just get it all back on April 2. Canada is a Tariff abuser, and always has been, but the United States is not going to be subsidizing Canada any longer. We don't need your Cars, we don't need your Lumber, we don't your Energy, and very soon, you will find that out," he continued.
https://www.cbc.ca/news/canada/toronto/trump-ford-ontario-electricity-tariffs-trade-war-1.7480234
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Well, "you're not allowed to" raise tariffs on Canada and Mexico either, according to the USMCA that Trump himself signed, but he does it anyway only because Congressional Republicans are jellyfish.
Crazy economist who likes to write about higher education.
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Worse than jellyfish.
https://x.com/Fritschner/status/1899482408862237018
https://x.com/ringwiss/status/1899471022941725169
So why don't the Dems bring the tariffs up for a vote?
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Malinowski had ideas about the five things Dems should be doing. Number 2:
Democrats should force a rapid vote in Congress on Trump’s tariffs, should they actually remain in place. Doing so will force Republicans either to go on record against the president or own the economic chaos that results. Can they do so in the minority? Likely yes. Trump’s unprecedented use of the International Emergency Economic Powers Act to impose the import tax allows members of Congress to introduce a resolution to terminate the “emergency” he declared. Under the relevant law, such a resolution would be “privileged,” meaning the House and Senate would have to take it up.
https://www.thebulwark.com/p/five-things-democrats-must-do-to-fight-donald-trump-now
It would be nice if they did it before the Republicans take away the option to do it ..
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Well, "you're not allowed to" raise tariffs on Canada and Mexico either, according to the USMCA that Trump himself signed, but he does it anyway only because Congressional Republicans are jellyfish.
@Piano-Dad said in The tariff clown car rolls on:
Well, "you're not allowed to" raise tariffs on Canada and Mexico either, according to the USMCA that Trump himself signed, but he does it anyway only because Congressional Republicans are jellyfish.
Wahhhhh...more "that's illegal" screeches from the Toddler-in-Chief.
President Donald Trump shared his intent to purchase a Tesla
on Tuesday to support Elon Musk as the electric vehicle maker’s sales and share price face pressure from the CEO’s foray into global politics, most notably as head of Trump’s cost-cutting Department of Government Efficiency.
“I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American,” Trump wrote in a post published early Tuesday morning on Truth Social.
Trump said “radical left lunatics” are “illegally and collusively” boycotting Tesla, which the president described as one of the best automakers in the world. This action, Trump said, was meant as an attack on Musk and what he stands for.
It is not illegal for consumers to boycott companies. The Supreme Court in 1982 ruled the First Amendment protects Americans’ rights to protest private businesses.
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Tariffs, from the CBC.
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Canada on Wednesday announced new trade duties on some $21 billion worth of U.S. goods in response to President Donald Trump implementing universal steel and aluminum tariffs.
America's northern neighbor is the largest foreign supplier of steel and aluminum to the U.S., and experts have warned Trump's duties would be passed on to consumers.
In a news conference Wednesday announcing the retaliatory duties, a Canadian government spokesman called Trump's tariffs "completely unjustified, unfair and unreasonable."
"The U.S. administration is once again inserting disruption and disorder into an incredibly successful trading partnership and raising the costs of everyday goods for Canadians and American households alike," said François-Philippe Champagne, Canada's minister of innovation, science and industry.
Canada's announcement comes despite a detente having been reached Tuesday with the Trump administration to resolve threats of a 25% surcharge on American consumers of Canadian electricity. Trump had threatened Canada with steel and aluminum tariffs climbing to 50% if the province of Ontario followed through on the surcharge.
