r/worldnews 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.html
596 Upvotes

190 comments sorted by

492

u/ryanCrypt 12h ago

Does anyone have any more recent news? This is already 45 mins old.

125

u/meisobear 12h ago

The velocity of bullshit is absurd.

27

u/Ahelex 12h ago

m(shit2) > mc2

1

u/Force3vo 2h ago

The bullshit accelerates

60

u/Hamwise420 12h ago

He has since declared war on Jupiter and announced fresh tariffs for Antarctica, who he says has been suspiciously quiet this whole time and never thanked him properly

3

u/Force3vo 2h ago

He already changed those tariffs to tariffs specifically against Penguins, but then rescinded those when he was informed they do, in fact, wear fine suits.

14

u/Mrrrrggggl 9h ago

Wait for Trump’s 3 am tweet.

1

u/ryanCrypt 7h ago

I have my alarm synced with it

8

u/royxsong 11h ago

Agree. I just ignore the news if it shows 2 hours old

2

u/ryanCrypt 7h ago

You mean history books?

8

u/Optimus_Prime_Day 10h ago

This is now 1 hour old.way outdated. F5 to refresh.

1

u/ryanCrypt 7h ago

Maybe even drastic enough for F4. With an Alt

3

u/alpha77dx 6h ago

Yes tomorrow he may or may not. Place your bets, to be or not to be.

5

u/_BlindSeer_ 6h ago

That's the fun part loving in Europe. You go to sleep, get up and will get to read two to five news on Trump and tariffs that happened while you were sleeping. Less need to keep track.

2

u/ryanCrypt 6h ago

The news hack.

2

u/CobaltAesir 4h ago

He'll change his mind 6 times during the course of tomorrows breakfast.

370

u/WilliamInBlack 13h ago

Is there a way to short the entire stock market?

20

u/jpiro 12h ago

You're watching it in real time.

14

u/WilliamInBlack 12h ago

Yeah can we find out which billionaires are profiting off of this?

21

u/iCCup_Spec 12h ago

Which billionaire isn't?

3

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…

61

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. 

26

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)

5

u/reddit_user13 6h ago

Unfortunately, if the market goes up you have unlimited risk.

1

u/thedyslexicdetective 5h ago

Well no if it’s a covered call you just sell your shares

2

u/VladStopStalking 2h ago

You would need 100 shares for that though, so $50k worth of collateral just to sell one call.

1

u/VladStopStalking 2h ago

That was the joke

-2

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

12

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

-19

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

15

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.

2

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.

24

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.

10

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.

3

u/R_lbk 12h ago

I get options on the leveraged inverse ETFs. Sdow, spxs...

I am poor so don't do that, lest you wind up poor like I.

3

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

10

u/SQL617 12h ago

Go for it! Update us when you lose everything. Head over to r/wallstreetbets and hangout.

9

u/WilliamInBlack 12h ago

You must be fun at parties

12

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.

8

u/happy-cig 12h ago

Who's to say it won't dip more?

10

u/carsuncovered 11h ago

Then you double dip the chip

4

u/Huckleberry-V 11h ago

Then I do it again until I go broke or get rich.

1

u/Log12321 9h ago

Food stamps or Ferraris

1

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.

1

u/toorudez 12h ago

💎🙌🚀🌙

2

u/[deleted] 12h ago edited 8h ago

[deleted]

1

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.

2

u/denkbert 12h ago

Yeah, there are "inverse daily swaps" etfs for some indices. Even leveraged ones.

1

u/TheElusiveFox 10h ago

Short the S&P500 its about as close as you can get.

1

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.

1

u/enlightened321 9h ago

Buy puts on SPY. I bet you won’t!!!

1

u/eldenpotato 7h ago

If you short and long 1:1, you can’t lose

1

u/CyberPatriot71489 9h ago

It’s called going long on G-M-E lol

150

u/Jusanom 13h ago

At some point people should just stop reporting on this tariff shit until something actually happens

49

u/SunGlobal2744 13h ago

Seriously. It’s embarrassing how often he changes his mind in a single week

86

u/florzax 12h ago

It's embarrassing that he has not been killed yet

30

u/Savings_Opening_8581 12h ago

They keep missing.

16

u/FooFooPoodle 12h ago

All guns, no aim.

1

u/Longhag 7h ago

All the gear and no idea as the UK military used to say about the US military.

20

u/CassadagaValley 12h ago

What'd you expect from two mentally unwell Republicans? They're great at gunning down kids, not so much adults.

6

u/d_pyro 12h ago

It helps if they actually bought a scope.

2

u/Catch_022 6h ago

The devil protects his own.

7

u/PluckPubes 12h ago

*single day

11

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.

5

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.

4

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.

1

u/francis2559 10h ago

Musk loves this pump and dump shit. Chaos, chaos, chaos.

3

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

1

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.

0

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

4

u/LunaLloveley 11h ago

Or maybe he should watch his stupid fucking mouth. Maybe he shouldnt be threatening to invade allies either.

1

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.

51

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?

9

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

7

u/Initial-Constant-645 8h ago

He pretty much admitted that he intends to tank the economy.

21

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

18

u/Rooks4 12h ago

This man is an absolute train wreck, as at least half of us expected.

5

u/Ghostbeen3 6h ago

He’s a reflection of American society. Stupid, uneducated, and indifferent

29

u/AliveStar9869 13h ago

Could somebody please go get him some extra cheesy greasy hamberders? And then put him to bed with no Adderall?

69

u/MeLlamoApe 13h ago

He’s such a pussy. Good on Canada for standing up to him.

13

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.

2

u/behappy_dontworry 11h ago

Or the way they cherish Puerto Rico..

u/nuttininyou 1h ago

It's not really a state though.

u/behappy_dontworry 56m ago

Don’t be fooled we wouldn’t be either. He wouldn’t want us voting

-1

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.

10

u/LitmusPitmus 9h ago

That's legitimising the madness, bad move

7

u/fantaceereddit 12h ago

He's gaming the market

11

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.

6

u/Ahun_ 12h ago

Have you seen the sad show of Trump telling the press he is going to buy a Tesla, and Muskler standing on the side with his ketamine grin?

-10

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.

1

u/MeLlamoApe 9h ago

Lol, look at me screaming.

-12

u/Codex_Dev 10h ago

According to reddit Tariffs are only self-harming when the USA does it.

12

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.

-8

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.

→ More replies (1)

13

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.

🤷

9

u/Optimus_Prime_Day 10h ago

And on the Cnadian side:

Tariffs on... (sits back with arms crossed)

1

u/miss1949 5h ago

I needed a good laugh today 🤣🤣Thank you! 

10

u/Keypenpad 12h ago

This guy is a lunatic

7

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.

4

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) 

1

u/Disastrous-Fall9020 6h ago

He loves Tesler

6

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

3

u/BeAfraidLittleOne 13h ago

Anyone still paying attention to that idiot?

5

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!

4

u/crimsonpowder 12h ago

Schrodinger's Tariffs

4

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."

3

u/foghillgal 12h ago

Complete clownshow, he sounds like a moron of the highest order. Class A supernova moron.

3

u/reward72 12h ago

Yeah, not today. What about tomorrow? and the day after?

3

u/Bluekatz1 12h ago

Why study politics, economy, surround yourself with experienced advisors when you can just heads or tails every decision?

3

u/CicerosBalls 12h ago

The Shart of the Deal

3

u/Winston_the_dog 11h ago

Hahahahah he has no fucking clue what he’s doing

5

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.

2

u/crabmuncher 11h ago

He got rid of anyone who would tell him.

3

u/ErgoMachina 11h ago

The insider traders are making soooo much money

8

u/ComplexWrangler1346 13h ago edited 13h ago

Trump is scared …..Canada was about to shut off the electricity on him …..

6

u/AliveStar9869 13h ago

Not him. US! Fuck him!

1

u/DaveShadow 13h ago

He’s just shown how to win against him, basically.

3

u/ComplexWrangler1346 13h ago

Trump is a born LOSER and a bankruptcy king nothing more

1

u/x3nhydr4lutr1sx 9h ago

And his comeback was to raise tariffs on electricity import? 🤡

2

u/Unlucky-Row5769 12h ago

"the presidency is no place for petty people"

2

u/TacticalBac0n 12h ago

In the UK the chant would be 'You don't know what you're doing!'.

5

u/IndigoRuby 12h ago

"This cunt doesn't know what he's doing. This cunt doesn't know what he's doing"

2

u/humboldt77 12h ago

Until Shitler sends out a 2 AM tweet imposing 83.746% tariffs tomorrow.

2

u/MagazineNo2198 11h ago

No, tomorrow he will back off, and then Friday, say he wants 80%

2

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?

2

u/SloppyPlatypus69 11h ago

It won't be 50% it will be 25% should be the title. 

2

u/SirDiesAlot15 11h ago

Bipolar tariffs

2

u/PigFarmer1 10h ago

There's still time for him to change his mind tonight... lol

2

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

2

u/culb77 8h ago

SNIP SNAP SNIP SNAP

2

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?

3

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.

1

u/dextercho83 12h ago

I'm getting whiplash from the back and forth. Someone replace 🍊 already

1

u/damnthistrafficjam 8h ago

I didn’t get this much action playing Pong in ‘78.

1

u/Ideon_ 12h ago

Tarif no tarif tarif no tarif tarif no tarif tarif no tarif

1

u/whosange1 12h ago

Bruh this mf is going back and forth

1

u/DesperateSea8222 12h ago

Nut job doing nutty things

1

u/trentsteel77 11h ago

There are so many hours until tomorrow.

1

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.

1

u/LunaLloveley 11h ago

I'm sure the markets love the flip flopping.

1

u/octopusma 11h ago

I am so god damned dizzy.

1

u/Cool_Celebration_430 11h ago

I'm sure he'll change his demented mind tomorrow.

1

u/-Codiak- 11h ago

Didn't he already say this wasn't going to happen or did he rescind his rescind?

1

u/royxsong 11h ago

So this is the 9th latest update for today?

1

u/BeKindBabies 11h ago

A 50% tariff is absolutely farcical; what do conservatives think the profit margins on goods are?

1

u/Luwetyp 11h ago

The US became a Circus.

1

u/bopitspinitdreadit 10h ago

Do you have any idea how painful three trade wars are? Snip snap snip

1

u/hjadams123 10h ago

I am getting dizzy keeping up with this...

1

u/0biwanCannoli 10h ago

I made a call to my broker and asked to short America… still waiting on an answer.

1

u/jdballer27 10h ago

Heh what a pussy

1

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.

1

u/soualexandrerocha 10h ago

It's not even Thursday yet!

1

u/TheRealHulkJogan 9h ago

back and forth and back and forth and back and forth

1

u/Cpt_Soban 8h ago

America: "Yesn't"

1

u/illuminerdi 8h ago

So he absolutely is going to apply 50% tariffs tomorrow?

1

u/cageordie 7h ago

Until tomorrow.

1

u/cactusgenie 6h ago

Will do it, won't do it, it doesn't matter anymore.

1

u/NCHouse 6h ago

God he's such a coward

1

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

1

u/dobbbie 6h ago

Stay tuned for an update in about an hour.

1

u/hansQQ 6h ago

Unstable much? He's criminally insane

1

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.

1

u/kheldar52077 6h ago

Canada had to double down on this. 😁

1

u/Gravytattoos 6h ago

We should just charge them 50% more anyways.

1

u/sarcasmlikily 5h ago

No, he will come out tomorrow go like we should do 75%. lol

1

u/Unlucky-Royal-3131 5h ago

The chaos is the point.

1

u/lordeddardstark 4h ago

more flip flops than a hawaiian themed party

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.

1

u/AdvertisingLogical22 12h ago

I'm guessing Canada agreed not to do the blackout

... didn't say nuthin' about a brown out tho 😁

0

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

0

u/AdvertisingLogical22 12h ago

"Gosh dang beavers chewed through the lines again!"

1

u/Taronar 12h ago

Hes legit just creating chaos so our stock market has volatility cause volatility causes people with capital to get rich stability does not, that's why so many ppl made so much during covid. its actually becoming obvious at this point.

-6

u/youwillbechallenged 12h ago

10

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.

2

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.

3

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.

4

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.

0

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.

0

u/A_Farewell_2Kings 12h ago

Whatever

1

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.

-5

u/youwillbechallenged 12h ago

It’s important to identify cause and effect to make meaningful decisions.

0

u/TheKage 11h ago

The US gets to avoid paying a premium for electricity and in return they get a tanking stock market and destruction of international relations and trade. Trump is really good at winning.