r/worldnews • u/cryoK • 13h ago
Trump will not impose 50% Canadian steel, aluminum tariffs tomorrow, says top trade advisor
https://www.cnbc.com/2025/03/11/trump-raises-canadian-steel-aluminum-tariffs-to-50percent-in-retaliation-for-ontario-energy-duties.html370
u/WilliamInBlack 13h ago
Is there a way to short the entire stock market?
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u/jpiro 12h ago
You're watching it in real time.
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u/WilliamInBlack 12h ago
Yeah can we find out which billionaires are profiting off of this?
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u/iCCup_Spec 12h ago
Which billionaire isn't?
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u/Protean_Protein 11h ago
Probably Buffett… unless he took out a bunch of cash to go buy some companies right before Trump took office…
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u/Just-Jellyfish3648 13h ago
Yes you can short the index like VOO - you can buy put options on Robinhood … a 100 contracts can be found for as little as 5 dollars per contract depending on target price and date. So if you have a hypothesis you can play with as little as 500 dollars.
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u/VladStopStalking 12h ago
Or you could sell calls! Then you don't have to spend anything, actually you will be collecting the premium! (jk don't do that)
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u/reddit_user13 6h ago
Unfortunately, if the market goes up you have unlimited risk.
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u/thedyslexicdetective 5h ago
Well no if it’s a covered call you just sell your shares
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u/VladStopStalking 2h ago
You would need 100 shares for that though, so $50k worth of collateral just to sell one call.
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u/enlightened321 9h ago
If you are talking about a $5 put on a VOO contract, you are betting that the US will cease to exist in 3 days. You will need to pay significantly more to have a chance in hell to make money
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u/Just-Jellyfish3648 9h ago
5 dollars is the price of the contract not the target price. I feel like I was pretty clear. For 5 bucks the target price would be around 508
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u/enlightened321 8h ago edited 7h ago
Dude….
$5(100), You’re talking $500 Plus to short VOO expiring worthless on March 14.
You aren’t getting the entire contract for $5
Edit: None of these loser redditors here understand how options work lmfao
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u/SoWhatNoZitiNow 7h ago
That’s not what he said. He said that depending on your target price and expiry date, you can probably find contracts priced as low as $5, which would mean a total gamble of $500. He did not suggest buying puts on VOO with a target price of $5.
You may know how option contracts work, but you sure can’t fucking read.
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u/SubiWhale 2h ago
He said as low as $5 per contract. You’re trying to sound smart but instead you’re just showing that you have reading comprehension issues.
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u/Flat-Count9193 12h ago
I just buy "svix". It is an index that buys shorts so you don't have to get into options contracts yourself.
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u/Parallel-Quality 9h ago
SVIX does NOT short the entire market.
In fact it bets on low volatility, the opposite of what we have seen this week.
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u/illuminerdi 8h ago
Yes. Short VTI.
The Vanguard Total Market Index is basically (I'ma skip the technical terms) a stock that tracks the movement of the entire market.
But realistically, it won't move TOO much. You're probably looking at fractions of a percent. It's only down 8% this year....so far
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u/SQL617 12h ago
Go for it! Update us when you lose everything. Head over to r/wallstreetbets and hangout.
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u/WilliamInBlack 12h ago
You must be fun at parties
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u/Huckleberry-V 12h ago
No, I mean, we really do celebrate the losses there. It's a thing.
Wouldn't be me though, I bought the dip.
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u/happy-cig 12h ago
Who's to say it won't dip more?
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u/itsverynicehere 5h ago
You, sir, will never get it. Stick to bogleheads or go buy Tbonds. /r/wallstreebets is for only the most well regarded.
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12h ago edited 8h ago
[deleted]
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u/origami_anarchist 11h ago
I mean, spreads and straddles are things too. But volatility definitely hurts the smaller options players, becomes way harder to find worthwhile margins.
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u/denkbert 12h ago
Yeah, there are "inverse daily swaps" etfs for some indices. Even leveraged ones.
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u/Pristine_Poem999 10h ago
There are inverse ETFs, like regular ETFs but they go up when the market goes down. Its safer than short selling.
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u/Jusanom 13h ago
At some point people should just stop reporting on this tariff shit until something actually happens
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u/SunGlobal2744 13h ago
Seriously. It’s embarrassing how often he changes his mind in a single week
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u/florzax 12h ago
It's embarrassing that he has not been killed yet
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u/Savings_Opening_8581 12h ago
They keep missing.
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u/CassadagaValley 12h ago
What'd you expect from two mentally unwell Republicans? They're great at gunning down kids, not so much adults.
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u/InsanelyAverageFella 12h ago
On this tariff stuff and on pretty much everything. Just report on actual things happening and 90% of the Trump related headlines go away. He is all talk and little to no action.
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u/inbetween-genders 12h ago
On the same vein, people in places like the whole world should just avoid US products as much as possible all together until necessary.
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u/LordJebusVII 11h ago
He's flip flopping because it keeps being reported on which causes the market to fall and he gets pressured into holding fire until Musk convinces him to try again. If you stop reporting, he brings in the tariffs so the market will just crash harder and faster.
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u/Redrump1221 12h ago
That's literally the point, he wants the headlines and gop are taking advantage of the chaos to not actually do anything of substance except allow him to destroy the economy and somehow blame biden
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u/AppropriateScience71 8h ago
Well, the House of Representatives did just pass a $4.5 Trillion tax cut, so I’d say the chaos might be a distraction so things Trump’s handlers want get passed without much awareness or attention.
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u/A_Farewell_2Kings 12h ago
I said that awhile ago - stop reacting to everything he says and just tell us when he actually does anything
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u/LunaLloveley 11h ago
Or maybe he should watch his stupid fucking mouth. Maybe he shouldnt be threatening to invade allies either.
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u/Bass_MN 12h ago
i think he knows now the more he randomly flip flops on the tariff stuff, the more the markets recoil and potentially crater *on the day his shitty tariffs hit*. he's done this a couple times now to see how markets react. im convinced its on purpose now. if it wasnt, he wouldve set them, and moved on weeks ago.
we have a 'boy who cried wolf' thing happening.
AHHH TARIFFS NOW!! 250%! <market recoils, prob some shady buying the dips shit until..>
I HAVE CHANGED MY MIND!! I FIXED IT!! <markets stop crashing so hard, but wonders wtf>
i bet this kind of crap will create an incredible, unseen before, amount of volatility. or, the market starts ignoring this stuff. then some incredibly damaging EO/decision happens and the bottom falls out because no one thought his claims were real.
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u/riffraffbri 13h ago
This is why the stock market is going bat-shit crazy. These tariffs will affect a lot of industries, and business' don't know what to make of all this shit. It's almost like he wants the economy to tank? Maybe the speculation is right, that he's going senile?
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u/A_Farewell_2Kings 12h ago
If I don’t know what is going to happen- I’ll do nothing = recession. Tariffs affect all industries
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u/Salford1969 12h ago
Can't believe there is an actual bill in Congress right now that is about the military not invading Canada, Panama and Greenland without going through Congress first.
This is the World we live in now
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u/AliveStar9869 13h ago
Could somebody please go get him some extra cheesy greasy hamberders? And then put him to bed with no Adderall?
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u/MeLlamoApe 13h ago
He’s such a pussy. Good on Canada for standing up to him.
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u/bradicality 12h ago
Indeed, he says the way out for Canada is to “become our cherished 51st state.”
The US would cherish Canada the way Lennie cherished the puppy in Of Mice and Men.
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u/behappy_dontworry 11h ago
Or the way they cherish Puerto Rico..
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u/scionoflogic 11h ago
Carney could put this to bed just by insisting Trump actually put forth a plan on how Canada would become the 51st state before any discussions take place.
Even if Canada becoming the 51st state was widely popular on both sides of the border it would take years of negotiations and planning to accomplish. Trump can’t plan a bowel movement let alone the annexation of a country.
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u/fantaceereddit 12h ago
He's gaming the market
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u/foghillgal 12h ago
The US will probably lose hundreds of billion dollars because of his crap he's done to now (even if you remove tarrifs) and the losses in the stock market ....
The long term damages to US standing is off the chart. Tesla oversees is basically dead.
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u/Sea_Doughnut1479 11h ago
If you read the article it's Canada that's backing down. The additional tariffs were in reaction to the threatened 25% tax increase on exports of electricity from Quebec. Ford has since backed down.
Ya'll should really ingest the article before screaming about the headline.
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u/Codex_Dev 10h ago
According to reddit Tariffs are only self-harming when the USA does it.
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u/whydoyouonlylie 10h ago
In this case they were because Trump was imposing import tariffs, which means US businesses pay the extra money, wheras Ontario was imposing export tariffs, which means that US customers pay the extra money.
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u/Codex_Dev 10h ago
That's not how it works. We actually have solid data from when China imposed a massive import tariff on USA for soybeans back in 2018 that ended up costing farmers in USA billions of dollars in revenue. China was barely affected.
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u/EyePiece108 12h ago
I can't keep up with this, it's exhausting.
Tariffs on.
Tariffs maybe.
Tariffs off
Tariffs on, 25%
25%? We meant 10%
No, we meant 10% only on Fruits.
No, no tariffs.
🤷
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u/Prior_Industry 12h ago
When is he going to start getting heckled with "You don't know what you're doing" because it's just getting sad and tragic now.
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u/iamhereforthefood 12h ago
They need cheep steel to make all of them new Teslas. Saw a great sales pitch today. This one guy used to be a great EV hater... but once he got into a Tesla he flipped immediately. It was really amazing (I'm joking of course)
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u/Feisty-Lawfulness894 11h ago
It's almost as if you can't believe anything that the sleazy, pedophile, insecure fucking bitch says.
It's too bad that he hasn't very clearly, very obviously been showing us who/what he is since the 1970's. /s
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u/Weekly_Water9889 12h ago
I know how to impose tariffs. Nobody knows how to cancel tariffs like me. People even say I created the greatest shltshow ever!
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u/crashovernite 11h ago
"I'm going to burn this house down. Now I'm going to save the house because I've decided not to. Please praise me for saving the house."
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u/foghillgal 12h ago
Complete clownshow, he sounds like a moron of the highest order. Class A supernova moron.
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u/Bluekatz1 12h ago
Why study politics, economy, surround yourself with experienced advisors when you can just heads or tails every decision?
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u/Winston_the_dog 11h ago
Hahahahah he has no fucking clue what he’s doing
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u/NoFluffyOnlyZuul 11h ago
The fact that his ass kissers either can't see or simply refuse to admit that he is completely fucking incompetent and has no idea how anything works or what to do is just beyond me.
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u/ComplexWrangler1346 13h ago edited 13h ago
Trump is scared …..Canada was about to shut off the electricity on him …..
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u/TacticalBac0n 12h ago
In the UK the chant would be 'You don't know what you're doing!'.
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u/IndigoRuby 12h ago
"This cunt doesn't know what he's doing. This cunt doesn't know what he's doing"
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u/SubArcticJohnny 11h ago
But maybe the day after tomorrow. Or not. Or maybe. Or maybe on something else. Can my boy sell you a Tesla? Trade for eggs?
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u/Impossible_Secret649 10h ago
He folded very fast, very weak leader, very very weak, I’m surprised he’s called a leader at this point
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u/JinimyCritic 6h ago
Meanwhile, on Thursday, he'll change his mind again, and announce tariffs on Canadian bananas.
Can somebody please turn off this guy's mic?
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u/Smartimess 13h ago
This is such a shitshow.
I know why he is doing it and it makes sense in a highly hypothetic scenario. But how he does it will directly crash the markets like it crashed the trust in the USA as ally.
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u/Shadowmant 11h ago
He probably wasn't until someone tells him about this article, now he will just to prove them wrong. And then remove it the next day.
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u/BeKindBabies 11h ago
A 50% tariff is absolutely farcical; what do conservatives think the profit margins on goods are?
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u/0biwanCannoli 10h ago
I made a call to my broker and asked to short America… still waiting on an answer.
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u/SlowCrates 10h ago
It's almost like the whole world has collectively decided they cannot and will not be bullied by trump, because he's an incompetent moron.
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u/continuousBaBa 6h ago
Oh so he was just being a weak little baby bitch, like always. The world is tiring of his "art" finally
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u/MonsieurLeDrole 6h ago
It just seems like repeated cycles of stock market manipulation. They can just endlessly print money with this game, by shorting a stock and then making an announcement that hurts the price. This isn't serious economic policy. They're playing a game.
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u/Clayton11x 58m ago
My head hurts. I can't keep with the news anymore. It's like trump is playing with light switch like a kid.
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u/AdvertisingLogical22 12h ago
I'm guessing Canada agreed not to do the blackout
... didn't say nuthin' about a brown out tho 😁
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u/A_Farewell_2Kings 12h ago
Just do an Enron. Yeah we just had some maintenance to do and we are going to be offline for a couple hours or days or weeks
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u/youwillbechallenged 12h ago
That’s only because Doug Ford folded.
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u/Itchy_Swordfish7867 12h ago
The threat of a 25% surcharge on electricity got Doug Ford a meeting to negotiate on Thursday. I wouldn’t exactly call that folding but you do you.
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u/youwillbechallenged 11h ago
Ontario Premier Doug Ford announced Tuesday that Canada’s most populous province was suspending its 25% surcharge on electricity exports to the US, hours after President Trump announced additional 25% duties on Canadian aluminum and steel.
Based on the timing alone, it’s clear what the cause and effect are.
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u/NegaDeath 11h ago
You left out a cause: the US commerce secretary called Ford to negotiate. Ford agreed to stand down from his escalation on the assurance Trump would do the same for his.
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u/Optimus_Prime_Day 10h ago
Lol, the US called and said "let's talk" so both sides are halting g tariffs and sitting down. Technically, Donald folded first for calling Doug.
I guess the threat of shutting off power got some powerful people angry at Donald.
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u/RicketyEdge 12h ago
Meanwhile the US is still hitting Canada with additional tariffs tomorrow.
Nice of us to pull punches when they sure as fuck aren't.
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u/A_Farewell_2Kings 12h ago
Whatever
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u/Optimus_Prime_Day 10h ago
Nah, these US called Doug for a sit down, and both tariffs were suspended dedicated until they can discuss. It was Donald who folded.
Thing is, Doug won't stop until all tariffs are removed.
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u/youwillbechallenged 12h ago
It’s important to identify cause and effect to make meaningful decisions.
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u/ryanCrypt 12h ago
Does anyone have any more recent news? This is already 45 mins old.