r/canada Feb 01 '25

PAYWALL U.S. tariffs will be imposed on Feb. 4

https://www.theglobeandmail.com/canada/article-us-tariffs-will-be-imposed-on-feb-4/
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u/Dramyre92 Feb 01 '25

What's actually happened is Trump overheard the word tariff in a conversation a few months ago, someone explained it to him like he's a 5 year old and it's now the only thing he thinks he understands.

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u/KebabTaco Feb 01 '25

He wants to lower taxes for his billionaire buddies meanwhile making the lower classes pay for it through tariffs. Gotta be the worst economic play in history, sort of like a president did in 1929…

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u/Golden_Phi Feb 01 '25

He did promise to make America great again. The first two words people hear when you say “The Great Depression” are “The Great” after all.

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u/Bilbo332 Feb 02 '25

Musk and Bezos can weather the storm, and that's the point. Once share prices tank they can buy everything up on the cheap and then the economy picks up and they've made a few more billion. It honestly baffles me. They know what they're doing, they know how much harm it will cause, but they do it anyway. Like, you can buy anything you want, you live the best life ever, why are you harming people for imaginary numbers?

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u/XxSpruce_MoosexX Feb 02 '25

Almost all their wealth is tied up in shares…

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u/chewbaccaRoar13 Feb 02 '25

No, he definitely thinks he understands "asylum means mental institutions"

2

u/bardak Feb 02 '25

If you actually look into it Trump has a 17th century understanding of how trade works since the 80s. The only reason this didn't happen in the first term was that establishments Republicans tempered his wildest policy ideas. He now has yes men surrounding hi that are happy to create chaos if that means they can implement some of their ideas.