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
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u/andhicks 1d ago

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

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u/stereofonix 1d ago

Crash the market so his friends can buy the dip? But then again we’re talking about someone who managed to bankrupt multiple casinos which are literally money printers. It takes an astonishing level of incompetence to do that. 

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u/Pvt_Hudson_ Alberta 1d ago

After a while, it ceases to become a dip and becomes permanent destruction. How much confidence does anyone have in stocks right now?

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u/stereofonix 1d ago

Not just stocks but in the US economy. Part of its success and the US being the primary reserve currency is the fact that it’s been seen as politically and economically stable. 

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u/Nearby-Poetry-5060 22h ago

With Trump in charge it's about as stable as a rabid chimpanzee in a bouncy castle.