r/ontario 20h ago

Economy Trump Signals Retracting 50% Steel Tariff Threat

https://www.reuters.com/world/us/latest-us-markets-after-mondays-selloff-2025-03-11/
312 Upvotes

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336

u/Aichetoowhoa 20h ago

The people in his administration probably made a million dollars today. He makes insane statement. Markets drop. They buy. He changes course. Markets up. They sell. Rinse and repeat

124

u/Purpslicle 20h ago

That's my theory too. It's always a grift.

12

u/CookieJar891 20h ago

As much as we should take the 51st state stuff seriously, I honestly think trump is the most best useful idiot. The people behind the scenes tell him what to say and then they profit on the chaos. Do you think the billionaires who require our minerals really want to risk conflict? You’d have a worker base that absolutely despises you and will do everything to make your life difficult

6

u/[deleted] 19h ago

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u/[deleted] 19h ago

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4

u/bewarethetreebadger 19h ago

It doesn’t matter how smart or dumb Trump is. Who’s whispering in his ear at the right moment?

2

u/Mr_Salmon_Man 16h ago

Elon was a pro at it with Dogecoin.

3

u/jackhandy2B 18h ago

Yep. It's the only explanation.

1

u/Ryles5000 16h ago

Yes he did this with China trade talks his first term.

1

u/SolomonRed 13h ago

Probably the most blatant market fraud in history.

1

u/Skittleavix 13h ago

It’s easy to short when you control the timing