I thought the tariffs were about fentanyl coming from Canada at the border?
“… Tariffs are about making America rich again and making America great again,” Trump said.
By his own words, he has just shown his big lie - his previous border excuses as the reason for trashing his trade agreements which are taking a wrecking ball to the Canadian economy.
If it was intended to be a dump and pump, it’s not going to work. Companies aren’t going to reestablish supply chains just to get rugpulled later. More important than price and quality is consistency. Just the uncertainty alone will have an effect for years.
In addition to huge costs of new plants, and finding replacements for skilled Canadian workers, there would be loss of Canadian market for those vehicles. China has better value cars, and US made cars would go way up in price to recoup those investments.
He lost the 2020 election for screwing up the US over Covid. A bigger recession won’t help the midterms or 2028 “president for life decree”.
Yep look at the soy export market. After Trump’s last fiasco on 2018 and Biden not reversing the idiot, Brazil has replaced the U.S. as the top exporter in the world.