Summary
Donald Trump announced new tariffs against China, Mexico, and Canada, sparking market turmoil as the measures were set to begin this weekend.
Following the announcement, major indices plunged, with the Dow Jones, NASDAQ, and S&P 500 suffering significant losses, reflecting investor anxiety across global markets.
Canada, Mexico, and China vowed retaliatory tariffs, with officials warning that these measures could escalate trade conflicts and significantly harm economic stability.
Critics argue the tariffs will harm consumers and businesses, creating global trade uncertainty and risking prolonged economic challenges in the United States.
If you are a non-Trump voter in a red state, especially if you work for the flagship company or industry in that state, I would like to apologize on behalf of all Canadians for what our government is about to do. We don’t want to do it but it is the only way to deal with a bully.
Awfully nice of you Canadians to apologize in advance for defending yourselves - eh?
It’s what we do. We understand that most Americans didn’t vote for him and that those who did don’t understand tariffs or just how much the damage that he and the billionaires are doing to the government is going to hurt regular Americans, including his base, for decades to come. It sucks but here we are.
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I think it’s nonsense to think that when people freely trade money for goods, the person receiving the money “wins” and the person receiving the goods “loses”. They made the trade because it was good for both parties.
I’m American, and we’re pursing the opposite of what I think is good policy.