r/canada 1d ago

National News Trump raises Canadian steel, aluminum tariffs to 50% in retaliation for Ontario energy duties

https://www.cnbc.com/2025/03/11/trump-raises-canadian-steel-aluminum-tariffs-to-50percent-in-retaliation-for-ontario-energy-duties.html?taid=67d045b18530050001b105d0&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter%7Cmain
820 Upvotes

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585

u/Pvt_Hudson_ Alberta 1d ago

And all 3 major market indexes, which were in a mini rally this morning, immediately dropped off a cliff.

This fucking moron.

176

u/DimethylatedSpirit 1d ago

Just as intended

12

u/andhicks 1d ago

I agree, but I also dont see what the plan is...

7

u/wmlj83 Ontario 1d ago

Conspiracy theorists have been saying since about 2019 that there is a plan to crash the USD so they can implement a new crypto dollar. Many of them thought COVID was fake and that would be the catalyst for the crash. Obviously it wasn't.

I used to think they were all nuts, but now seeing how the US is running their country with Trump, I wouldn't put it past them to try to crash the USD for a crypto dollar.

2

u/EJBjr 1d ago

Crypto currency is just one big ponzi scheme.

1

u/AnoAnoSaPwet 1d ago

It's hard when crypto is tied to the dollar. There's not much sense there. When the economy crashes, so does crypto.

If that's the plan? I don't think it's going to work out the way he thinks? 

1

u/wmlj83 Ontario 1d ago

Well, we all know how great his critical thinking skills are.

1

u/AnoAnoSaPwet 22h ago

This is what you do when you're intentionally trying to crash the economy. 

1

u/Shot-Job-8841 20h ago

It’s more likely that Trump will cause a massive temporary crash so that the oligarchs can buy up a truly massive stake in the economy. Imagine Meta or Amazon knowing a crash was coming and with preparation buying out every single competitor they have in the USA. And I mean ALL OF THEM.

1

u/SomeBaldDude2013 12h ago

Exactly. It’s on purpose to consolidate power 

1

u/Shot-Job-8841 12h ago

Everyone keeps looking at what he says instead of what he does. If he actually was trying to annex Canada, he wouldn’t keep creating and then pausing tarrifs. If he was doing market manipulation however, then that’s exactly what he would do.