Trump says he will double tariffs on Canada metals to 50%.
(www.rte.ie)
from Mee@reddthat.com to world@lemmy.world on 11 Mar 2025 15:20
https://reddthat.com/post/36784569
from Mee@reddthat.com to world@lemmy.world on 11 Mar 2025 15:20
https://reddthat.com/post/36784569
US President Donald Trump has today announced massive new tariffs on Canadian steel and aluminium, while threatening to “shut down” its car industry and saying the best way to end the trade war was for Washington’s ally to be absorbed into the US.
#world
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Does he think Detroit is in Canada?
Large parts of US car manufacturing went to Canada over the years as Detroit rotted. The problem is that tariffs won’t bring it back, it will just bankrupt the car companies. Which is fine for Musk, not so much for everyone else.
Detroit doesn’t exist for him. There’s something strange about the place which it’s always located in a blind spot for him.
The great negotiator says, “Oh yeah?! Well +1 to whatever you say! Times infinity!”
Well it was nice having… (checks notes)… metal.
That’s heavy!
What’s wrong with the gravity in the future?
He’s probably having his stock broker sell off a bunch of stuff, announcing tariffs, then buying back. His stock transactions should be public record while president.
This should go for Trump and all the other oligarchs.
This should go for all citizens, if you trade then it should be public record. We should be able to see everyone’s stock history in case they ever run for office we can look at their trading history to look for conflicts of interest.
That’s a stretch. Normal citizens buying some nominal amount of shares of Company XYZ 5 years ago doesn’t mean there’s a conflict of interest now, especially if they were sold just as long ago. For if someone might run for office? 99.5% of people won’t.
It’s just undue surveillance on normal people.
I think that it may be.
en.wikipedia.org/wiki/STOCK_Act
That being said, my guess is that there are probably trivial ways to game the transparency portion of the bill. Like, if I own a business, and the business holds stock rather than myself directly, I’ll bet that no disclosure is required. And I bet that if you have a spouse or kids doing transactions, no disclosure is required.
Could still get in trouble for insider trading if it could be proven that you were doing so.
kagis
From Trump’s first term:
npr.org/…/trumps-businesses-could-be-tripped-up-b…
Haven’t been following the issue since then.
Don’t worry it was completely ignored. Laws are just mild suggestions for the rich.
He shouldn’t even be allowed to own any stocks as president
Thank you! It’s ridiculous how much even people opposed to Trump have allowed him to frame the debate.
Fucker should’ve been impeached and removed on Inauguration Day – 2017, let alone 2025 – for Emoluments Clause violations alone.
Holding public office is supposed to be an act of service. All federal and probably all state politicians and their staff should not be allowed to own any individual stocks or companies, including any mutual funds without diverse holdings. And the right people to lead would be glad to do it and to transparently demonstrate their compliance.
But nope. The system is designed to attract and reward scumbags. Mainstream society tells us that loathsome narcissistic sociopaths who happen to accumulate a large net worth are the pinnacle of human existence and we should be thanking them for dragging us out of the dark ages.
Prior presidents had their assets placed in blind trusts, and they didn’t know where they were invested. They didn’t even know how wealthy they were until they left office.
Confirmed already; $1-5M lunch buy-ins with corporate execs per head - the topic? Tariff exemptions.
Who cares about billions and trillions of wealth destruction of the public coffers when he can make millions per day personally?
Just living in Lordran at the end of the Age of Fire it seems. Trump’s gone hollow.
do we rekindle the bonfire of capitalism, or do we extinguish it
That thing, your Civil Rights, give it to me.
Whoa. That’s a big fuckin tariff
Hold on to your butts yall we’re having a Depression
welp rip to the us housing and automobile market. hope you weren’t planning on buying a house or car anytime soon.
Thankfully I have a home and a good car so I am fine but I am pissed because I have nieces and nephews that are entering the world of parenthood and won’t be able to buy a family vehicle or a starter house. This also kills any of my planned home renovations because I won’t be able to afford lumber if the orange turd pisses off the Canadians further and tariffs lumber further.
Can I just say the idea of starter house is seeming really out of touch when most people in the country will never own a home.
do you think trump actually believes he can sanction canada into surrendering national sovereignty or is this part of some idiot gambit to crash the us economy on purpose
His negotiation strategy is to demand 1 billion dollars and settle for $3.50. which is fine when you’re a TV personality, less so when you have nuclear weapons.
can we just give him a dollar?
Yes and yes. Putin engineered the situation to be a win for him in either case.
Getting Canada to surrender sovereignty is the bit. Crashing the economy is a happy coincidence for him. The true goal is profiting from the chaos in between it all.
It’s just destruction and chaos to weaken Russia’s competition.
He’s seen up close how well it’s worked on Russia.
Damn. Trump is doing a really good job punching himself in the cock.
I’d say he’s doing a better job of punching everyone else in the cock while he has immunity from prosecution.
Canadian Metal? Oh no! What will Annihilator, Voivod and Anvil do now?
I’m still crying because Martyr broke up ages ago, how can they do this to me now!
team up with archspire!
Ayo join the club buddy! !thrashmetal@lemmy.world. Nice to find a metalhead out in the wild. (Sorry for the shameless plug ;) ).
You can’t fight stupid, because stupid is unpredictable and obeys no clear logic.
Do we know if these increased metal tariffs go live now or in April?
According to this article Wednesday is the day
If he doubles it again it means he totally has a rad, bigly penis.
Such a great Deal Artist^TM^
Aaaand he went back on it already.
ground.news/…/trump-will-not-impose-50-canadian-s…
lol, this guy…
He’s clearly a Russian asset. Theres no rational thought or ideology here - he’s just fucking shit up for fucking shit up sake and USA can’t do anything about it.
Donvict the OLD, Demented and Unreliable
DOUBLE IT
<img alt="" src="https://lemmy.world/pictrs/image/40b28a4e-e18f-46ce-ae57-ec14bcc0bbd7.jpeg">
DEATH TO AMERICA
youtu.be/pig-rPUi6Y0?si=bZ17mZdOvl4RbnU_
Is he raising tariffs on russia, though…
No, but he is removing the sanctions against them
are you saying nordic metal riffs are now turning into nordic metal tariffs?
Trump needs to learn math. Once you have zero trade, another 50% has 0 effect.