Doug Ford says U.S. plans to introduce ‘global tariff’ on April 2

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Largest globalist nation introducing international tariff for what reason?

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u/ytman 17d ago

Winning.

For China.

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u/jonnyrockets 17d ago

this, if it's done, will be the end of the USA's global dominance. It will lead to global decline in relative GDP growth, a sever crash in US markets, a downward spiral and given the divide, I wouldn't rule out a civil war.

I'm less optimistic each passing day.

The cultists will still support him with empty promises based in complete ignorance in how the economy functions.

It's near impossible to be that dumb AND have any power. He's at the point where he should be locked-up, not prison, like in a home where he talks to clouds and birds. I'm not even kidding.

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u/sudo-joe 17d ago edited 17d ago

Trump's dad was diagnosed with Alzheimer's dementia around Trump's current age. He signed away all his stuff before dying 6 yrs later. It's actually well described on the wiki page and not a secret or conspiracy.

As much as trump ragged on Biden for being too old, I straight up think Trump has dementia at this point.

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u/Icy_Ground1637 17d ago

April 2 will be the BIG short day 📉

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u/TheOneNeartheTop 17d ago

Tariffs are priced in now. If they are pushed back or smaller than anticipated the market will pop.

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u/ga643953 17d ago

Uncertainty is priced in, not tariffs. You can't price in something that changes every 12 hours.

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u/TBSchemer 17d ago

Tariffs are priced in now.

I'm really skeptical of this claim. I think a huge portion of the market still doesn't believe the tariff threat is real. And even more people erroneously believe that the tariffs can't hurt us.

US markets are still due for a huge reckoning.

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u/noor1717 17d ago

This is 100% true. We saw how hostile the market got with him trying full tariffs on Canada and Mexico and then he clawed back much of them. The market won’t price this in until it’s fully implemented and even possibly a little after that cuz a lot of people will think he’s just bluffing again

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u/GrunDMC74 17d ago

It’s not the “pricing in” effect alone. The US is now officially unstable, markets aren’t prepared to lose millions because of a social media post. People are divesting themselves of the US for reasons based on principle and fundamentals. With the increasing isolationism those rebound venues are evaporating.

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u/MeneerTank 17d ago

Facts, it’s quite harrowing the see that a lot of US posters don’t see what is happening. “but muh market bro” yeah practically every non-US investor is divesting in other markets than the US. Presumably till it stabilizes again god knows when, if the orange retard finally stops with his bullshit.

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u/Evilsushione 16d ago

We still have people buying TSLA because they think it’s just a blip.

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u/BallsOfStonk 17d ago

Until we see the actual economic data that’s following, including a negative Q1 gdp

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u/Thefellowang 17d ago

Not if inflation picks up and FED can't lower rates though...

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u/castlewise 16d ago

I would argue the global tariffs are different than what the market considered before.

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u/lewcoates 17d ago

Any tips? 😂😂🧼🧼

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u/TakemetoCathysArk 17d ago

Tariffs are on Monday, Tuesday, and Wednesday, back on Thursday, back on Friday... no shop talk on weekends because it's time for golf... That's what's proced in..

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u/ScarsOntheInside 17d ago

Biden was a good faith actor.

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u/couchtomatopotato 16d ago

he ABSOLUTELY has dementia. the fixation during discussion, the inability for cogent thought, the sundowning episode he had at that rally before the election. he's THERE.

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u/Leege13 17d ago

Trump’s dad was diagnosed with Alzheimer’s dementia around Trump’s current age. He signed away all his stuff before dying 6 yrs later. It’s actually well described on the wiki page and not a secret or conspiracy.

You know this is what Vance is hoping all of the inner circle do by the end of the year.

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u/Euphoric-Listen3246 17d ago

Oh Jesus not Shady Vance.

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u/Skywatch_Astrology 17d ago

It doesn’t matter when he’s just signing everything. It’s the people influencing him we should be concerned about

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u/MedicalSchoolStudent 16d ago

It’s possible. Dementia can 100% make you aggressive and narcissistic. Trump can very well be compromised by his dementia and foreign leaders are taking advantage of it.

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u/jsc1429 17d ago

As much as I agree with you, it’s not just him! There is all of Congress and the senate and all of his staff who are wholeheartedly aboard with these plans. Someone would have stopped him long ago if they cared… but they don’t care, because their complicit

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u/jonnyrockets 17d ago

Even scarier if this is true. And it may be true.

The Republican Party are cowards but he won them the election so I’m sure it’s indebtedness- but also no way forward. They can’t betray the devil they are in bed with because the alternative is losing their base.

I’m not anti Republican, the democrats are a clueless disaster out touch with republicans and American values and let things get too far. But they have zero leadership.

Congress acts like Trump has serious blackmail on them all. Epstein stuff, maybe worse. This can’t continue.

Can’t let the greatest country in the world get destroyed. I’m Canadian, what the USA has built since the founding fathers should be the envy of the world. Not this. This is sad.

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u/Ashamed-of-my-shelf 16d ago

Wait? You still have optimism? Where did you find it? Is there any left?

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u/jonnyrockets 16d ago

This is a test from God.

“Let’s see how strong anyone’s faith is in the face of narcissism+evil+incompetence combined.”

It was easier to crucify and resurrect his son.

This is intentional destruction of the greatest country on earth. Imagine all the collaboration and synergies and governance and freedoms required to produce and innovate to this level. Very few can step back and admire this without, unfortunately, criticizing why “it’s not perfect” — anyway, this is being destroyed by an incompetent dictator people are afraid of.

Each sentence shows his ignorance, and his power. It’s hard to watch.

I’m not even American. Jesus. 🇨🇦

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u/h0twired 17d ago

Do it ~~Anakin~~ Donald

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u/ytman 17d ago

Who cares right? Maybe life is better under a China lead world.

Like Trump said - what do you have to lose?

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u/[deleted] 17d ago edited 9d ago

[removed] — view removed comment

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u/Daleabbo 17d ago

It's coming one way or the other, peacefully would be much appreciated, even at the cose of the US imploding.

The problem with the US at the head of the world is its only happy when it is at war.

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u/Nocturne444 17d ago

I mean at least China respect their agreement with other countries and don’t change their mind every hour of the day… So probably 🤔

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u/OppositeArt8562 17d ago

It is 100% not better under a China world leadership. Have you heard of the wears? Do you know anything about civil rights in China?

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u/ytman 17d ago

Do you mean the Uyghurs?

So, yeah I have, and like you I originally just assumed the reporting about it being slave camps, another holocaust, and what-ever else it is. Then, after looking at how biased stuff is, in say like Gaza, I began to wonder if 'genocides' only happen by bad nations.

Eventually, I found out that the genocide in Xiangshang is a bit .... propagandized.

Smart Shirts Limited vs Sheffield Hallam University - in the UK ruled in favor of company that was alleged to use slave labor in its cotton making. It was found to 1) not be the case and 2) Smart Shirts WON its defamation claim against SHU.

https://becivil.co.uk/legal-news/libel-case-over-supply-chain-report-2024-ewhc-3276-kb-/

There was a substantial investment in Xinjiang after terrorist attacks in the early 2000s. The area was heavily invested in and now the region is quite prosperous and still very much has retained its indigenous culture.

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u/jay791 17d ago

And does it affect other countries?

Have you heard about work laws in USA? Their healthcare?

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u/Spaceshipsrcool 17d ago

China is 100% into forced sterilization and reeducation camps, no thanks

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u/Leege13 17d ago

When they take over they’re not gonna give a shit about the gwai los.

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u/ytman 17d ago

Elon loves them.

That being said, where are these claims coming from? Forced sterilization is a legal punishment in the US as well. (Not that I agree with it) and has been performed as recently as 2020.

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u/flavius_lacivious 17d ago

I know a conservative economist that is sniffing Trump’s farts and thinks this is a good idea.

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u/OppositeArt8562 17d ago

He's not dumb. He's doing exactly what his oligarchs want.

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u/jonnyrockets 17d ago

Oh. He’s really dumb. Make no mistake. Some of the things he says you can tell he’s completely oblivious to important things and too ignorant/arrogant to trust others

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u/Boring-Test5522 17d ago

Remember, the voters who voted for Trump living in self-sufficient farms. This is their POV about the world. They care for nothing and they give a shit about other human being.

They dont know that the main reason 'Murica can print trillions out of thin air because of an allies network and a global dominance. That's alone would benefits more than any trade tariffs that Trump and his crooks can put on.

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u/Skywatch_Astrology 17d ago

That’s what they are aiming for. To lessen global dominance and thus responsibility and for China to stop devaluing its currency. I think it’s going to completely fail and it’s a high risk move

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u/hrdballgets 17d ago

Where are the smart republicans?

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u/couchtomatopotato 16d ago

What should people that are still in the markets do? there is so much denialism here.

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u/jonnyrockets 16d ago edited 16d ago

I’ve remained only 20-25%invested and I got lucky. I thought it would be bad in November and I did miss out on the Nov-Jan ride up, which I never understood.

But I didn’t expect it would get this bad, this fast. I’m still out but I believe a lot of negativity is built into the market. I will prob take small positions in the beaten down great businesses and then see.

There are real economic concerns with a slowing economy and inflation. You have already seen a lot of revenue revisions and great companies warn of slowing down across several sectors. I think that’s factored in to a large degree already.

Tariffs were ignored at first since it was only the threat of tariffs. But seeing how INSANE he is, and how aggressive and delusional he’s making these tariffs, there’s a real chance at catastrophe. He’s literally trying to protect industries that were thriving 50 years ago. Low margin businesses, with high capital structures, few employees, small margins - make that make sense!

If he tries putting tariffs on chips/semiconductors it will be a pure disaster that the USA won't be able to recover from. That sector is highly specidalized, equipment costs a zillion dollars, and skillset-scale are impossible to replicate. It would take decades and the industry will move well past them. Look what happened to Intel and AMD by simply being "second and third best" - I doubt Trump gets it, he's so incredibly ignorant. That's playing with nuclear-power-type-level desctruction!!!

I refuse to believe someone wouldn’t get through to him but they (Congress and all Republicans) act so afraid of Trump.

Anyway, back to the markets, I haven’t seen mass panic selling but the economy was HUMMING along beautifully for two decades. Inflation was under control with the higher rates, the Fed was doing masterful work given Covid and the extreme debt. The debt is serious, refinancing that debt is dangerously, but again, the USA economy is a beast. It should be easy to get it back on track.

But an orange chimp making decisions is making me stay away.

If you are already invested and diversified you should probably stay invested at this point. big tech is oversold, overall the market is pretty solid despite the gloomy uncertainty.

I feel for the people who just got in and down 20-40% in a month. Damn.

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u/couchtomatopotato 16d ago

thank you!

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u/Aggressive-Raise-445 17d ago

😂😂 what clown world some live in. What empty promises? He’s literally done everything he said he was going to do before he was elected. You think change just happens and then there won’t be a period of uncertainty because everyone is losing their shit emotionally. I’ve seen so many uneducated posts about how tarifa are bad for us 😂 go and research the history of taxes, there are plenty of books.

Also Biden was a push over puppet, other countries should not be taking advantage of the United States, it’s a slap in the face to hear that United States pays for over half of the nato defense budget, and then so many countries aren’t even meeting their gdp percentages, why the fuck are we paying for everything. This is just one instance and I could go on and on.

It is no big surprise that the stock market is down how it is, markets simply just don’t go up forever. and for the last two years straight all I’ve seen is people speculating on how companies such as Nvida couldn’t keep going up. So many stocks have been overvalued and have been well overdue for corrections.

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u/CornGun 16d ago

The official U.S. Senate website refers to Smoot-Hawley as “among the most catastrophic acts in congressional history.”

“Virtually all economists think that the impact of the tariffs will be very bad for America and for the world,” said Joseph Stiglitz, an economics professor at Columbia University and a winner of the Nobel Memorial Prize in Economic Sciences. “They will almost surely be inflationary.”

Marcus Noland, executive vice president of the Peterson Institute for International Economics, said, “The impact of imposing these tariffs,” Noland said, will “have the effect of depressing U.S. economic growth, contributing to a higher rate of inflation, and those effects will be worse if the other countries retaliate in kind.”

Eswar Prasad, a Cornell University expert on trade policy, warned that Trump’s tariffs will have additional undesirable effects. “U.S. exporters will face a particularly tough time, as they are likely to face rising tariff barriers in their foreign markets,” Professor Prasad said. “In addition, tariffs are likely to drive up the dollar and reduce the competitiveness of their exports in global markets.”

https://www.investopedia.com/terms/s/smoot-hawley-tariff-act.asp#:~:text=The%20initial%20focus%20of%20the,protection%20for%20their%20own%20products.

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u/MeneerTank 17d ago

I have one question for you as an Europoor. Who do you think pays the tariffs imposed by your government?

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u/JustinPooDough 16d ago

he doesn't know. The Americans don't get it.

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u/PartyPay 16d ago

Trump said the Ukraine war would be over 'day 1'. How's that going?

Still waiting for those Epstein files too.

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u/Witty_Celebration564 17d ago

For Trump to cosy up to Putin as his 5d Uno plan vs China....

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u/ytman 17d ago

Hilarious that people in no-principles-but-power right rushed to spin it as a 5d play to split russia from china.

HILARIOUS

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u/johnny_51N5 17d ago

Someone a while back said the Chinese call Trump the great state builder. But by state they mean the Chinese state. Fits accurately lmao

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u/rumfortheborder 15d ago

and russia

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u/BrokenLogic_ 17d ago

Did you ever hear the tragedy of agent Krasnov the Orange?

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u/Careless_and_weird-1 17d ago

King krasnov d'orange? It made me laugh 😂😂😂

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u/Servichay 17d ago

To serve Russia and China.... Trump is a puppet selling out the USA

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u/Labeld85 16d ago

And the Tech Broligarchy

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u/JustARegularGuy 17d ago edited 17d ago

It's a way to raise taxes without "raising taxes".

This is basically like passing a flat national sales tax. Normally you need congress to raise taxes, but Republicans don't raise taxes. So instead you use the executive branch to enact a tariff that is just raising taxes.

If companies try to "dodge" the tarrifs then they'll be investing in American markets (at least in theory).

Do I think this so good economic policy? Personally no, but I recognize that Congress is so partisan that tax reform is not going to happen. In general I support higher taxes.

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u/Specialist_Good3796 17d ago

Higher taxes for who? This once again hurts the middle class and poor as opposed to the rich who deserve to be taxed more

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u/TheCharalampos 17d ago

Higher taxes for everyone but yeah, mostly the poor and middle class. That's the point.

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u/JustARegularGuy 17d ago

It's a flat tax on basically all goods. I'm not saying it's good tax policy, but it is a way to raise taxes.

In general I am a fan of higher taxes, but I too would prefer more progressive tax structures.

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u/ASongOfSpiceAndLiars 17d ago

Tariffs are regressive. It is a higher effective tax rate on the middle class and working poor compared to the rich.

And it's being used to distract from a massive tax cut on the rich.

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u/Daleabbo 17d ago

Just wait for the next phase where red states put tariffs on blue states.

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u/skoltroll 14d ago

That's cute.

Blue states already have more than enough to get by w/o red states. And, with the stroke of a few pens, blue states will lessen the rules to get gaps filled.

Also... pesky Interstate Commerce law.

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u/cotdt 17d ago

Trump can enact a national sales tax on domestic goods while he is at it

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u/skoltroll 14d ago

How are they "dodging" by investing in American markets so quickly that the whole US economy won't fall apart in the meantime?

Seriously.

Answer me that question. How do you build a factory and get it up running in less than 6 months, thus keeping the economy humming pre-tariffs?

Also, the cost of BUILDING a factory in the USA will be 25%+ more than it was last year, making it less profitable, probably to the point of just eating the tariff and pushing it to the consumer.

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u/Dave_The_Slushy 17d ago

It all started in the mid 60's when Donny skipped the ECON 101 classes on why tarrifs are a bad idea...

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u/hekatonkhairez 17d ago

Continental outlook from the 19th century that’s why

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u/Alextryingforgrate 17d ago

In hopes that everyone looks at it and goes wtf? and just drops all their retaliatory tariffs from all the tariffs hes already put into play to show dominance. Its already too late.

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u/PasteCutCopy 17d ago

Crash the US for Poppa Putin

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u/Dontnotlook 17d ago

It's on Putin's wish list apparently ...

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u/Gloomy_Yoghurt_2836 17d ago

Donald says it's because the whole world is taking advantage of the US, and the US is subsidizing the whole world and needs to make things fair.

In reality, tariffs are supposed to supply the revenue to make up for tax cuts for Musk

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u/1ncest_is_wincest 16d ago

They are bored and need to dismantle the US hegemon.

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u/SpiderDeUZ 16d ago

Because he was told it was a bad idea

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u/Eccentrically_loaded 16d ago

I thought the trump tariffs were intended to create negotiating power and to "help" domestic manufacturing. But according to the paper linked below, there are other reasons too.

I don't think trump expected boycotts by angry former allies though.

https://www.gisreportsonline.com/r/trump-tariffs/

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u/dog_water4days 16d ago

USA is only hurting itself. China used to get the majority of its corn from USA but trumps first term trade war with China forced them to import corn from alternative sources so now south American countries are massive trade partners with China. USA stand to lose the most because a trade war is still a war. And fighting your allies isn't a smart move. Most things this administration has done is deplorable. They even used a kid with cancer at trumps speech to the house to make upset democrats look bad.

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u/Morguard 16d ago

Sabotage.

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u/WannaKeepTruckin 17d ago

Well...Great Depression 2.0 here we come.

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u/Slight_Dog6103 17d ago

Yep we have morons running our country

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u/Rocketeer006 16d ago

100%

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u/Bagafeet 17d ago

The greatest depression

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u/Nightowl2018 17d ago

That’s probably what he meant by make America great again. Have us suffer through 1929-30 era

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u/Automatic-Example-13 17d ago

Hopefully not. No gold standard + monetary policy still being run by professionals who DIDNT skip econ classes unlike POTUS, should avoid at least the costly mistakes that led to the great depression being far longer than it needed to be.

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u/tohon123 17d ago

then again Potus may just fire the professionals so 🤷🏽‍♂️

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u/Automatic-Example-13 17d ago

Mmm. In the US yes. But the rest of us have learnt...

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u/nsfishman 16d ago

Smoot Hawley tariff act literally recognized as one of the biggest contributors to the Great Depression…

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u/Automatic-Example-13 16d ago

Yes of course. That is how it started. But the other mistakes: 1) no social safety net, 2) refusal to loosen monetary policy until it was too late, 3) stockpiling of gold by the USA and France severely cramping economic activity, 4) and refusal to ditch the gold standard and the powerful deflationary forces crushing the economy that it brings

All lead to it being a Great Depression, rather than just a recession.

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u/skoltroll 14d ago

Lack of diversification

Remember, this was all pre-SEC (not the football conference, ya knobs) and the now-common theory of "spreading it around" so that bad losses can be minimized. Not to mention the FDIC now exists to protect bank runs.

We could have ONE HELL of a recession, but a repeat of the Great Depression would involve a massive, unforeseen problem or unfixable disaster like Yellowstone erupting or CA 10.0 putting most of CA in the ocean or some such thing.

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u/TheScienceNerd100 17d ago

Make America Great (Depression) Again

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u/Nervous_Book_4375 17d ago

This is it! The First Empire in human history to collapse by absolutely shitting the bed.

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u/Leege13 17d ago

Some would say that happened to Rome tbf.

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u/Nervous_Book_4375 17d ago

Rome spent decades having coups with mighty generals and civil wars, as its enemies drew in from outside. Economics slowly ate away at it.

America was not collapsing yesterday. It had its issues but not this!

Trumps global tariff is like if Rome collapsed because the emperor commanded every province to charge an extra 100% on anything sent to Rome while withdrawing all the legions back to Italy and letting Rome’s enemies attack wherever they want.

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u/Due-Okra-1101 17d ago

This is the future white america desperately wanted tho: No future at all

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u/Nervous_Book_4375 17d ago

The future white American deserves!

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u/galactojack 17d ago

*charging its own citizens

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u/wtkillabz 17d ago

It definitely happened with the Mongol Empire.

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u/WhyUReadingThisFool 16d ago

Rome fell apart within due to hundreds of social and economic problems. Usa will fall apart due to idiot in white house thinking how he is the smartest stable genius

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u/Leege13 15d ago

Fam you all need to check out the percentage of Roman emperors who were idiots and Trump-level tools.

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u/needaspguy 17d ago

Trump assumes that a global tariff will allow him to play every country against every other country so he can pick and chose by industry the best deal (or who pissed him off the least). He hasn't put the work in though to understand the repercussions to the US economy. Nor has he considered the impact on US exports which will exasperate the world wide frustration.

He is going to make this a very painful exercise in economics 101. Despite that pain, I will really enjoy watching this blow up in his face. American arrogance, and ignorance will at least be knocked down a few pegs to something close to tolerable!

Now is not the time to be negotiating for a better tier of trade with the US. We need to be colluding with other countries to price fix the US into "max pain"

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u/Comprehensive-Let150 17d ago

You assume that the mental midgets wearing red hats have the capacity to learn from their mistakes. I can assure you that they can’t. They will blame it all on Biden, even after it blows up in their face.

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u/ScotchandRants 17d ago

Trump is already on record saying he inherited a terrible economy and the red hat Tards are already parroting that this crash is a Biden thing not a Trump thing... They have 0 critical thinking skills....

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u/OppositeArt8562 17d ago

The majority of the country thinks Republicans are better on the economy. We live in an insane country.

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u/chase02 17d ago

Yep or cutting govt department budgets while buying 400 million in “armoured” (proven not) teslas. The clowns are running the circus. Tried to blame that on Biden too, also proven false.

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u/Revenant_40 17d ago

There is an excellent political cartoon I saw the other day. Cletus and his MAGA hat are lying on his back on the ground, while Trump is kneeling with all his weight on his chest, pummelling him with his fists. Cletus is looking away and shouting "This is all Joe Biden's fault!"

Sums it up perfectly.

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u/pcoutcast 16d ago

Maybe the collapse of the US economy will give the non-MAGAs the time off from work they need to properly demonstrate. Yes, yes, we've all seen the tiny protests in the news. No, I'm talking a march of tens of millions on capital hill to remove the malignant plague with guns in hand as your founding fathers instructed.

At this point it looks like you guys are going to have to do Nuremberg Trials 2.0 to rout out all the rot in your government and send a message to their supporters to join the rest of the country and the world in the 21st century.

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u/skoltroll 14d ago

Some are STARTING to figure it out and yell at their GOP reps. We'll see if they're willing to do the work of tossing them out in 2026.

And the ones yelling are veterans and national-park-adjacent types who are currently out of money. Still need Medicaid/Medicare collapsing to REALLY wake up MAGA.

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u/3pinripper 17d ago

This will not knock down American arrogance or ignorance unfortunately.

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u/UntdHealthExecRedux 17d ago

The best deal=who stayed the most nights at his lice infested properties and bought the most shitcoins from him.

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u/Flashy-Sense9878 17d ago

And his followers won’t bat an eye. They buy 100% that Elon and Trump are finding billions in waste despite literally zero evidence of that being true.

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u/Han-solos-left-foot 17d ago

He wants the world to faun over him, he’s straight up trying to turn global trade into the apprentice

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u/Ashamed-of-my-shelf 16d ago

Dude, both Trump and Elon said in front of a camera, before the election, that there’s going to be economic hardship. If that wasn’t the understatement of the century, I don’t know what is.

They know what the fuck they are doing. They’re boiling the water, and they don’t care if you’re inside the pot.

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u/Unable_Radish_2925 17d ago

Trump should introduce it on April 1st because he is a fool.

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u/Ready_Register1689 17d ago

Or we make April 2nd fools day once trump does this

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u/nsfishman 16d ago

Or make April 2nd “Trump Day” forever in history. It’s when you follow up the harmless pranks of April Fools with an incredibly thoughtless self inflicted act that will change the course of your life forever (i.e. cutting off an appendage).

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u/Ready_Register1689 16d ago

He would love a trump day

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u/thaughtless 17d ago edited 17d ago

So now its just a sales tax on all imports. Okay. So if he wants to just initiate tax reform, why not just be upfront about it? And reduce income tax rates to offset. Why the games? Why the drama and the appalling lack of respect to alliance countries and neighbors?

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u/OppositeArt8562 17d ago

Because voters are dumb and don't know it's a tax. Meanwhile they pass tax breaks for billionaires. Reverse Robinhood.

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u/pcoutcast 16d ago

His supporters are stupid and think the tariffs are paid by the rest of the world to the US. Trump's already said the tariffs will bring in hundreds of billions of dollars, so much money they won't know how to spend it all. He failed to mention that those billions will be paid by US citizens to him and his billionaire buddies.

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u/nsfishman 16d ago

An ancillary benefit to this is the “us against them” rhetoric that can be spun when retaliation tariffs ensue. This allows for fun games such as annexation, forced military control and punitive sanctions!

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u/thaughtless 16d ago

Indeed. That can really be the only benefit of starting shit up in a confrontational manner. Imperialistic, fascist goals.

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u/OCVoltage 17d ago

Force the Americans to buy American only and the rest of the world to buy non American.

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u/Repulsive_Round_5401 17d ago

Trump hasn't learned anything his whole life, so now he is going to teach his supporters what leading via ignorance does to a county.

Its in Canada best interest to look elsewhere. Get cargo ships loaded up with aluminum for other countries. American demand is going to drop anyway. How can america possibly make anything completive with global tariffs? Companies would be better off shutting down any factories in the US and moving somewhere with an efficient marketplace for the supply chain. Move the factory to Mexico or Canada and then just pay one tariff for the final product for any american customers. Those american customers are going to have less and less money anyway with the US dollar collapse and wrecked economy.

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u/Repulsive_Round_5401 17d ago

Trump 1.0 tariffs on Canada aluminum in 2018 were scrapped in 2019 after job losses and business closing. The money collected from the tariffs was used to bail out the farmers that went bankrupt due to trade war during trump 1.0. American agriculture has not recovered as the market moved elsewhere.

Or you can look back farther to the tariffs policy in 1930 that is believed to be a major factor in the great depression.

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u/IanJMo 17d ago

George W. Bush also tried this in 2002. The plan was to leave the tariffs on until 2005. However they only lasted about 9 Months. This was back when some politicians didn't pretend they were smarter than economists and scientists.

Domestic Steel production rose slightly during this phase. US international Trade Commission also said the tariffs resulted in a gain of 53,000 jobs in steel production but a loss of 281,000 jobs in businesses that rely on Steel imports. net loss of over 200,000 jobs. Part of that impact was due to the rise in prices of steel.

After 9 months the Republican government determined the costs of steel tariffs outweigh the benefits. Further, they explained a net loss in aggregate GDP and a net loss in employment.

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u/Repulsive_Round_5401 17d ago

Wow!... it's it shocking how they refuse to study just a little before implementing a policy affecting everyone?

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u/skoltroll 14d ago

bail out the farmers

Farmers are SO ABSOLUTELY SCREWED. All the tariff bailouts in the world aren't fixing the problem of China walking away forever and getting their ag from South America.

But we won't see the farmers suffering for another 8 months or so. They're gonna plant like usual, oblivious to the fact no one's buying their corn and beans, because they watch Fox News every night.

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u/Leege13 17d ago

Trump is used to scamming people and moving on to new suckers, but there aren’t any new countries to scam.

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u/dokka_doc 17d ago

Goodbye stonks. Thanks a lot, President Dump

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u/MJBear20 17d ago

I’m tired, boss

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u/nsfishman 16d ago

Just close your eyes now John, it’ll all be over in an instant.

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u/WhiteSpringStation 17d ago

This businessman has bankrupted several times. He’s playing a game with our country and the world.

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u/ytman 17d ago

Now this just sounds illegal? He's reaching already with tariffs on Canada (surprised no one is making him fight that in court), but a global tariff? What emergency claim is that?

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u/Zooinks 17d ago

Since when did Trump give a shit about what's legal?

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u/Careless_and_weird-1 17d ago

584958361% on everything! 🤡🤡🤡

Isolate the whole usa!

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u/dbinco 17d ago

christianity breeds stupidity

once trained to “believe,” anything is possible

burning at the stake? yup, done that before, it was big fun for the stupids

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u/BlandUnicorn 17d ago

Not just Christianity, same for all cults.

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u/GongTzu 17d ago

Dough seems to be just as stupid as Trump, not many stocks will go up in this hostile environment, except if we invest in Europe.

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u/GuaSukaStarfruit 16d ago

Europe will also tank.

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u/Johnnyboy1029 17d ago

All this would do is make the rest of the world look for suppliers and buyers everywhere else. In that sense its good for the little guys, South America will boom as its the only place in the world that has soil as productive as the United States’.

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u/LetterIcy9044 17d ago

👏 👏 👏

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u/LockNet-Bunch6655 17d ago

isn’t his plan to Also Lower taxes on higher income earners?

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u/majj27 17d ago

That's ALWAYS a major part of ANY Republican plan that isn't specifically aimed at hurting minorities.

And they'd probably try to add it to those as well.

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u/Ursomonie 17d ago

Remember when MAGa were all screaming about the TTIP Trade Agreement?

That would’ve grown our economy and strengthened our allies.

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u/whos_ur_buddha010 17d ago

Best economic case study...best of luck US citizens.

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u/CancelOk9776 17d ago

The Felon has serious mental issues, he is acting out his sadistic vengeance on everyone who hates him

2

u/DonCheeech 17d ago

The next 4 years are gonna be all EU and Asia

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u/Mobile-Mess-2840 17d ago

Treasury Yields....TO THE MOON!

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u/Regardedcontrarianx 17d ago

It’s an easy way for government to collect $$$ from Americans. can pay off some of their debt, crash the market so oligarchs can buy back cheap, money to treasury to drop the yield so less interest payments on debt, higher unemployment so us peasants get less picky about jobs and less protection for us. 🥭 can just blame Biden on everything too

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u/SwitchedOnNow 17d ago

Don't think of it as a tariff, think of it as an over bearing national sales tax!

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u/Puzzleheaded_War6102 17d ago

April fool’s tariff

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u/Ready_Register1689 17d ago

Why not a galactic tariff trump?

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u/HotIntroduction8049 17d ago

Actually this is Canada's strategy to win against T-rump's pending invasion:

Just say stupid shit that infuriates him more so he makes even more shitty decisions. 🤣

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u/jazzplower 17d ago

That is a good sign for people with cash for a giant market crash

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u/ChampionshipSome6184 17d ago

Economic suicide watch: The ultimate irony - world’s biggest globalist pushing a global tariff? Soft power already eroding, now this bombshell. Unless it’s 4D chess, SPY sub-500 isn’t a meme. Money’s about to flee US equities faster than rats from a sinking ship - and these rats are wearing suits and carrying Bloomberg terminals. This isn’t priced in yet.

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u/Patient-Honeydew-743 17d ago

Welp, we are all fucked, but we have been since day 1 so all good guys!

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u/softheadedone 17d ago

He thinks there’s a chapter 11 for nations.

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u/TheAwesomeMan123 17d ago

What on earth is a Global Tariff and what possible benefit could it have?

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u/theydontlikeitupems 17d ago

That's going to be a big mistake for USA exonomy

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u/Jorpsica 17d ago

Do you want a Great Depression? Cause this is how you get a Great Depression.

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u/baconenabler83 17d ago

Luigi please

1

u/kisuke228 17d ago

This is madness

1

u/Dry-Application6024 17d ago

'Global Tariff" lol

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u/Mike-ggg 17d ago

All Canada has to say is that it won't be shipping anything that has a tariff on it. The US can't produce enough Aluminum, Steel, auto parts, or some agricultural products it desperately needs. The price industry would have to pay on the world market would be as high as or more that the tariffs if they could even get the quantities they need. Canada can sell them to Country X (let's just say Greenland as an example) who can offer them for sale to the US at much higher costs than tariffs. Trump isn't he only one who knows how to play Fuck You economics.

2

u/Comfortable-Face4593 17d ago

The USAizens got a president who mirrors the majority of their nation. Who knew how bad that could be.

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u/ExtraAd3975 17d ago

Tariffs are not priced in at all, people are living on hopium and that it blows over. If anything, the market is pricing in that it will be paused and ultimately cancelled.

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u/ExtraAd3975 17d ago

If this is true, there is a new world order on its way

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u/ExtraAd3975 17d ago

We are going to have the best depression, nothing like you have seen before, the greatest in the world , I can’t believe it myself just how great this is going to be.

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u/DTO69 17d ago

America doubles down on its biggest trait... Hubris.

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u/VihaanLoskaa 16d ago

Note to self: wait until April 3rd before doing my monthly investments

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u/alvinyap510 16d ago

Potentially no one uses US Dollar anymore... no more US blood sucking from the world

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u/hjah300 16d ago

This is going have a similar result to everyone in the world sanctioning the US.

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u/Internal-Drawer-7707 16d ago

Finally, I can make sense of nostradamus's prophesy: "The empires shall switch when the switch gains a successor."

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u/Feeling-Lemon-6254 16d ago

Save your money folks

1

u/secderpsi 16d ago

And you get a tariff, and you get a tariff, and you get a tariff.

1

u/wordsoup 16d ago

Why Americans just why do your politicians try to make you miserable for generations to come without any benefits but to make themselves richer. Oh I answered my own question didn’t I…

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u/tout-nu 16d ago

Watch them tariff companies with all offshore workers to force them to bring work back in.

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u/Wonkbonkeroon 16d ago

To be real for a second, what exactly are we supposed to do about this. Kind of panicking ngl.

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u/BaddyMcFailSauce 16d ago

When will we put tariffs on mars?

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u/-happycow- 15d ago

It's US liberation day. It's a very special surprise to all americans. Trump did that.

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u/actuallycloudstrife 17d ago

I want Canada (and Mexico) to indeed be what he calls “tier-1” or even better. How about Tier North American? 🇺🇸🇨🇦🇲🇽

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u/sparkyglenn 17d ago

I'd like a mutually beneficial economic zone too, as a Canadian. The problem is Mexico is a developing country. It's hard to make it work. Very complicated.

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u/actuallycloudstrife 16d ago

They need support for now but it's worth it for the long-term. We also have less choice than ever. The rate at which information is flowing from across the pond over in the EU is reduced. It's harder to know what's going on there due to the distance. Whereas in North America, we can verify each other in-person and see who...and what...we are talking to. It's no longer so clear what's going on across the pond.

This is also why we are interested in Greenland. It's the USA who wants Greenland, to be clear, but within the context of this North American unit. Media portrays it as being about territory. But it's really about knowing who and what we're talking to with more confidence and staging outposts on Greenland. Time for massive high-speed rail across North America. And airships and more infrastructure!

🇺🇸🇨🇦🇲🇽

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u/SuperbFarm9019 17d ago

I read that China actually has an entire town that produces toothbrushes. So what town in America wants to pick that up, so we can buy American.

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u/TreeInternational771 17d ago

Show of hands, how many people in here voted for Trump thinking this was a good idea? And don’t be shy we won’t yell at you

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u/Rainbow-Rhapsody 17d ago

Doug Ford folded faster than Trudeau trying to suck himself off

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u/mm_ns 17d ago

Doug Ford immediately got exactly what he wanted, a meeting with the us gov around tariffs. He won in 1 day

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u/Away_Ad8343 17d ago

Dang, guess they’re really gonna try this mar a lago accords thing

MEME Doug Ford says U.S. plans to introduce ‘global tariff’ on April 2

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