this post was submitted on 12 Mar 2025
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President Donald Trump ‘s threat Tuesday to double his planned tariffs on steel and aluminum from 25% to 50% for Canada led the provincial government of Ontario to suspend its planned surcharges on electricity sold to the United States.

As a result, White House trade adviser Peter Navarro said the U.S. president pulled back on his doubling of steel and aluminum tariffs, even as the federal government still plans to place a 25% tariff on all steel and aluminum imports starting Wednesday.

The drama delivered a win for Trump but also amplified concerns about tariffs that have roiled the stock market and stirred recession risks. Tuesday’s escalation and cooling in the ongoing trade war between the United States and Canada only compounded the rising sense of uncertainty of how Trump’s tariff hikes will affect the economies of both countries.

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[–] expatriado@lemmy.world 43 points 1 year ago (1 children)

the art of the ~~deal~~ waste of time

[–] HellsBelle@sh.itjust.works 15 points 1 year ago

Pump and dump extraordinaire. /s

[–] Ebby@lemmy.ssba.com 35 points 1 year ago* (last edited 1 year ago) (1 children)

Pick a lane you spineless, cowardly, sack of shit.

[–] SilentStorms@lemmy.dbzer0.com 22 points 1 year ago (1 children)

We should really be doing whatever possible to drag this out while we untether our economy from the US and find other trading partners, and then let him do whatever the fuck he wants.

[–] orbituary@lemmy.dbzer0.com 8 points 1 year ago

I'm rooting for you. I am working on leaving this shit hole before it's too late.

[–] SpaceNoodle@lemmy.world 11 points 1 year ago (1 children)

Is this before or after the latest suspension? Or was there another one?

Maybe I should just turn off the damn news for the next ... two months? How long until we're into full masks-off dictatorship?

[–] HellsBelle@sh.itjust.works 4 points 1 year ago (1 children)

Yeah. I'm to the point I only read about 1 in every 10 articles about what he's doing. Otherwise I just spend all day pissed at life.

[–] notsoshaihulud@lemmy.world 5 points 1 year ago

I read the news with the Trump Slump in mind and I'm much more entertained than angry. Give it a week and we'll get a drop in stock market only second to his own in 2020.:)

[–] JeeBaiChow@lemmy.world 6 points 1 year ago

This is similar to how NK sends shit balloons south, to probe their defences and public sentiment.

[–] werefreeatlast@lemmy.world 3 points 1 year ago

No need to continue once you've taken their for financial advantage. The companies who did businesses with Canada will just stop and go pay the higher American price until they fail. Thanks you orange fucktard!