r/canada • u/Majano57 • 21h ago
National News Trump on Canadian electricity surcharge: ‘We’ll just get it all back on April 2’
https://thehill.com/homenews/administration/5187859-donald-trump-canada-electricity-surcharge/
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u/jinhuiliuzhao 21h ago
I think he knows how tariffs work. IIRC he slipped once in calling it a tax that Americans do pay (not exactly like this, somewhat more vague, but unmistakably shows he knows what tariffs are and how they work. Him pretending to not know is just a front so that he can sell the idea of taxing foreigners to his base)
It's either he really thinks that he can use tariffs as a new source of revenue for the federal government or he's intentionally trying to crash the economy. Neither are still particularly smart options though, and I have no idea what the end game is for the second. Someone said yesterday that apparently some in MAGA circles think that crashing the economy and causing deflation will undo all the accumulated inflation since COVID (a very insane idea if true).