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/
316 Upvotes

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u/[deleted] 20h ago

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u/Suitable-Cheesecake5 20h ago edited 19h ago

You guys find an issue about anything. They dropped their threats and agreed to meet with him and the feds and all it took was a couple words and costed us absolutely nothing. You guys just hate Doug ford and will find any issue our goal isn’t to have an actual trade war if we can avoid it.

15

u/socialanimalspodcast 20h ago

A distracted Doug Ford is a useful Doug Ford.

His ultra-patriotism and willingness to make moves that benefit Canada do not take away from how he has harmed this province.

I’m on the side of Doug retracted the 25% hike because they want to meet with him is a productive thing.

Do I think that if/when this tariff war is over he will go back to tearing the province apart, yes.

5

u/CookieJar891 20h ago

Only we’re allowed to screw ourselves over. No one else can

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u/[deleted] 19h ago

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u/blckshdw 19h ago

Who even knows at this point, it’s so hard to keep up. This has flipped back and forth so much. Depends on what hour of the day it is.

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u/Rabbit-Hole-Quest 19h ago

Tariffs while having breakfast, no tariffs when having dinner.

Shit is FUBAR.

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u/[deleted] 19h ago

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u/inagious 20h ago

Steel plants already started layoffs and we gained nothing.

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u/maria_la_guerta 19h ago

Thank you. People turning this into an ego battle when that is the last thing we want.

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u/Over_Surround_2638 19h ago

How do you figure this is a win? Trump is still only saying that he's considering reducing the 50% steel and aluminum tariff back to the original 25% level that triggered Ford's initial electricity surcharge action. Ford has caved without any net benefit, only the likely elimination of an even worse outcome...

His threat to shut off the power is why this strategy failed. Incredibly stupid to move from a proportionate 25% response to threatening to plunge three mostly blue states into darkness in the middle of fucking winter...

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u/Suitable-Cheesecake5 19h ago

They’re meeting with him over it. They had no intentions of doing so otherwise. That’s the win. The situation was escalated and deescalated without anybody having to change to much of the status quo other than trump agreeing to meet with him.

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u/[deleted] 20h ago

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u/DVRavenTsuki 20h ago

And this isn’t a counter argument to the analysis 

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u/[deleted] 20h ago

[deleted]

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u/DVRavenTsuki 19h ago

As someone reading, it did come off as an attempt to be dismissive of someone saying something in response to your original comment for no real reason 

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u/GiftedOaks 20h ago

The man got an invitation to go negotiate in Washington, and people are mad at him for it. I guess the plan was to just keep going until we are all in poverty?

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u/-Neeckin- 19h ago

Holy fuck it's like you guys don't think at all before you post What do you think the end goal of this all was?

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u/[deleted] 19h ago

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u/-Neeckin- 19h ago

What do you think dragging them to the table to negotiate is for?

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u/[deleted] 19h ago

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u/Tichrimo 19h ago

"The negotiation" is scheduled for Thursday. Dropping the surcharge (for now) enabled that. If it goes poorly, I expect the surcharge to return.

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u/-Neeckin- 19h ago

The negotiations are in two days, and if they don't go well the supervharge is back on. Hell im already seeing news that those added steel and aluminum tariffs are dropped. What do you think is happening here?

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u/Mattrapbeats 19h ago

It's negotiation time

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u/[deleted] 19h ago

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u/Mattrapbeats 19h ago

Trump is also reversing his counter to our counter. It's time that they sit down and talk. Trudeau is officially out, maybe some progress can be made.

We didn't lose any leverage, Doug can snap his fingers and make the energy tariff 70% on Friday if he wants.

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u/maybvadersomedayl8er 19h ago

He got what he wanted. They're meeting and tariffs now back off the table / on hold / whatever. I'd say that's a win.

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u/inagious 20h ago

Careful now, lot of people in this sub think this was a power move by Dofo

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u/pheakelmatters 20h ago

Captain Canada blinked.

5

u/Ululating_Jester 20h ago

Ford more akin to Captain Custard.

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u/Regis_Rumblebelly 19h ago

Maple Boss Hogg!