Canada - USA Trade War commencing March 2025 #2

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Aussie here. Im actually scared. Im hopeless at all things economics/financial but, with the stock market falling, was that on purpose so billionaires can buy them cheap? Or does the current US govt really not understand what they’re doing / have done?

JMO. Some may not, some may not like it but don’t have much force, and then there is a group of abstract thinkers who have a theory but forget the human factor.
 
A US news group Axios is also reporting that Musk is going to be funneling $100 million to Trump's political organization. That money would certainly buy the support of GOP politicians and their own political organizations.

It almost seems that Musk is openly Putin's conduit to Trump.


I don't even think that's a stretch.
 
A US news group Axios is also reporting that Musk is going to be funneling $100 million to Trump's political organization. That money would certainly buy the support of GOP politicians and their own political organizations.

It almost seems that Musk is openly Putin's conduit toTrump.

It certainly seems like a you-scratch-my-back-and-I'll-scratch-your-back kind of relationship. Even though Musk is supposedly just Trump's employee. Doesn't seem ethical somehow.

Promotion of Teslas at the White House, $100M to Trump's organisations.

imo
 
Today on NPR's Marketplace with Kai Ryssdal, he made a final comment that was uncharacteristically brutal for him. He is usually diplomatic and wry, but he just couldn't take Karoline Levitt and said she was deliberately deceptive and outright lied.

She said: Tariffs are a tax cut for the American people.

Kai Ryssdal said that was a lie, and unequivocally said: Tariffs are an attack on the American people.

That's the state of ethics in the White House today..
Wow. Ryssdal is usually very low-key about financial news. I’m glad he said that. Trump’s followers are very gullible and have been carefully trained to believe what he says. Even if they wake up, we’re still stuck with his administration’s bad decisions for 4 years.

Now I’m worrying about the bizarre budget they’re passing that should have been passed last year., a first in my lifetime. We’re just going from one “continuous resolution “ to another. Big opportunities to hide a lot of favors, personal tax cuts and corruption in those CRs.

Truth be told, not all tariffs have to be Passed on to consumers. If increases aren’t too drastic some can be absorbed through reduced profit margins, much like a wholesale tax. Many companies have been seeing record high profits for years now that haven’t been passed on to consumers.
 
It certainly seems like a you-scratch-my-back-and-I'll-scratch-your-back kind of relationship. Even though Musk is supposedly just Trump's employee. Doesn't seem ethical somehow.

Promotion of Teslas at the White House, $100M to Trump's organisations.

imo
We need to overturn or otherwise re-legislate campaign finance reform. Citizens United, Buckley v Valeo and some that SCOTUS ruled on last year. IIRC they ruled in one case that it’s ok for someone to give a politician a bribe once they leave office. They referred to it as a “gratuity “.
 
Aussie here. Im actually scared. Im hopeless at all things economics/financial but, with the stock market falling, was that on purpose so billionaires can buy them cheap? Or does the current US govt really not understand what they’re doing / have done?

Apparently .... Five of the world’s richest people attended Trump’s inauguration. They have lost $209 billion since that day

And .... Elon Musk’s net worth has tumbled by $148 billion alone since Trump took office

JPMorgan Chase raised their risk of recession from 30 to 40 percent, according to the Wall Street Journal. Mark Zandi, chief economist at credit rating agency Moody's, previously told The Independent that “Americans should be worried” about the economy as Trump implements his tariffs.
 

"Tariffs are a tax cut for the American people, and the president is a staunch advocate for tax cuts."

I... what? Do Americans really believe this? Or is this just bad faith arguing / blatant manipulation of the American people?

She is lying and bad faith arguing and manipulating. Also, not all American people believe it but their base will eat it up without thinking twice or looking for any kind of fact. JMO
 
Canada will announce $29.8 billion in retaliatory tariffs on the United States on Wednesday in response to U.S. President Donald Trump’s steel and aluminum tariffs, a Canadian official said.

 
Trump’s Tariffs on Steel and Aluminum Take Effect

The EU measures will cover goods from the United States worth some 26 billion euros ($28 billion), and not just steel and aluminum products, but also textiles, home appliances and agricultural goods. Motorcycles, bourbon, peanut butter and jeans will also be hit, as they were during President Donald Trump’s first term.
EU retaliates against Trump's trade moves and hits beef, whiskey, motorcycles with targeted tariffs
On the live Canadian news conference ,foreign minister joly wants to work with the EU and Aussies about the tariffs Trump's started
 
Canadian officials from Alberta and Saskatchewan said Tuesday they will increase energy production and are considering plans to enhance infrastructure to send Canadian oil to the East and West Coasts and north through Hudson Bay.
[snip]
“We’re up to 4.3 million barrels a day that goes through to the United States,” said Jean. “That is a lot of barrels. You might notice that is the same exact amount the United States is exporting right now.”
https://www.barrons.com/articles/canada-tariffs-oil-sales-us-60100173
 
During this USA war against Canada, it is important to have conversations with people between the ages of 16-30. They are most vulnerable to online seduction related to the federal election and sovereignty.

For example, after the October 7 terrorist attack against civilians in Israel, there was an intentional social media campaign by Hamas to gain support around the world, and especially in countries like the USA. It was so successful that North American university campuses were overtaken by protests in support of a known terrorist group. Once that demographic group formed the opinion that Hamas was the victim, it was impossible to discuss. They were dogmatic in their beliefs.

Just an opinion, but I think now is the time to have election and sovereignty conversations with people in that age group to explain what Canadians will lose if they are seduced by promises of $$$ by the USA federal government. Health care, freedom of expression, justice system, political system, education system, privilege of enjoying protected natural environment, Commonwealth Nation privilege and so much more. There are solid arguments to made in all aspects of Canadian culture and society, but they should be made before that age group is bombarded with coercive social media campaigns from the USA.

"He says that in spite of visible signs of Canadian unity in the face of annexation threats, there are those who are vulnerable to the siren call, particularly among the young who feel economically disadvantaged.​
"That would be one of the linchpins, one of the cracks in the armour that another country would be looking at trying to exploit," he told CBC News. "If you have individuals who are concerned about where their next meal is coming from or if they're going to get a roof over their head, that supersedes sovereignty."​

 

"Tariffs are a tax cut for the American people, and the president is a staunch advocate for tax cuts."

I... what? Do Americans really believe this? Or is this just bad faith arguing / blatant manipulation of the American people?

Remember he likes uneducated people. This is why.
 
Remember he likes uneducated people. This is why.
It's obvious that the USA gov't is counting on supporters having no understanding of economics, tax and tariffs, and therefore believing completely untrue claims served up by that gov't. Supporters are cheering the gov't because they want to be "richer".

Are they unable to see what is happening? Do they disbelieve what they see, or are they unable to interpret?

 

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In another act of tariff-related fallout, USA's Walmart approached China asking for them to absorb the costs of US-imposed tariffs. China is not taking this request with humor or good nature. China will not want to be giving discounts to it's many huge international customers to allow them to deal with the added expenses of tariffs.

This is going to hit MAGA folks right where it hurts.

I don't see a link for this, unless I somehow missed it. Please provide a link for this.
 
A US news group Axios is also reporting that Musk is going to be funneling $100 million to Trump's political organization. That money would certainly buy the support of GOP politicians and their own political organizations.

It almost seems that Musk is openly Putin's conduit toTrump.

Do you have a link?
 
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