Escalation of tariffs on steel, aluminium etc of 50% on Canada.

I wouldn’t call it free fall, but it’s certainly dived.

So now the stock market in the US is in free fall again.

Last time you said that , it wasnt true.

Perhaps your definition of freefall, and mine, are different.

Trump seems to equate VAT with tariffs - yet the US has its own purchase taxes. He is singularly thick.

Freya5

Casdon

FriedGreenTomatoes2

Canada cannot win this tariff war.

What makes you say that? Other countries, including ours, could export from Canada rather than the USA?

Uhm. Not a good move, cancelling contracts can cost a huge amount of money. What makes you think any country will do that?

Contracts are constantly renegotiated, that’s how a free market operates?

FriedGreenTomatoes2

So Trump is playing the EU at its own protectionism racket with tariffs. Von der Leyen has nothing to complain about. The EU has got away with it for decades.

Got away with what?

Canada has a number of FTAs, and it has products that the entire world needs - not just the USA. So it can extend its FTAs and begin to look elsewhere for customers which wouldn’t be too hard I would have thought.

So although it would take time and effort Canada can quite easily survive without the USA and its tariffs.

So Trump is playing the EU at its own protectionism racket with tariffs. Von der Leyen has nothing to complain about. The EU has got away with it for decades.

Whitewavemark2

The U.K. has it yet reacted except t say “we are on monitering the situation”

The EU has immediately reacted.

Why?

Because it can - it has the economic strength.

We don’t.

And some here willsay 'it's done, get over it'!

The UK is in a uniquely difficult situation indeed.

Grandmabatty

That is what I meant Grannygravy. His increase to 50% in a fit of pique has been quietly dropped

Sorry, I am multitasking, and obviously failing to read posts properly 🤪

Casdon

FriedGreenTomatoes2

Canada cannot win this tariff war.

What makes you say that? Other countries, including ours, could export from Canada rather than the USA?

Uhm. Not a good move, cancelling contracts can cost a huge amount of money. What makes you think any country will do that?

The U.K. has it yet reacted except t say “we are on monitering the situation”

The EU has immediately reacted.

Why?

Because it can - it has the economic strength.

We don’t.

Government by fits of pique - wonderful.

That is what I meant Grannygravy. His increase to 50% in a fit of pique has been quietly dropped

Grandmabatty

Apparently the increase in tariffs on Canadian Steel etc won't be happening, however he's imposed a 25% tariff on British steel as from now. I presume he's very unhappy with King Charles meeting Zelensky before him.

The 25% tariff on steel and aluminium is being applied globally by POTUS Trumps administration not just the U.K.

Canadian tariff is 25% not 50% as was threatened

Apparently the increase in tariffs on Canadian Steel etc won't be happening, however he's imposed a 25% tariff on British steel as from now. I presume he's very unhappy with King Charles meeting Zelensky before him.

Lovetopaint037

FriedGreenTomatoes2

Canada cannot win this tariff war.

They will have to and the rest of the Commonwealth should support them with as much trade as possible. Come on Australia, New Zealand. U.K. etc etc etc. What will the King have to say? That is if his “state” visit is still on. That’s a tricky one for him.

Trump is erratic, a bully, and utterly negative unless you are in favour. It's tragic after people like Obama who tried to care about medical care and believed in working with allies instead of against, perpetually in conflict, with them. You cannot respect a man like him, who choses to rule by fear unless you are a buddy (and watch your back, anyway).

On a slightly more optimistic note, the US is once more supplying intelligence to Ukraine after talks in Saudi today.

So now the stock market in the US is in free fall again.
Can’t homeland security arrest Trump as a danger to the nation.

On Monday, Doug Ford Ontario Premier, threatened to cut off the exported electricity to the US. Seems like this could be a reality.

Trump and his drug addled friend Musk are not rational reasonable people and we should not waste our time trying to work out the whys and wherefores of their conduct.

Just start ignoring them. help Canada and Mexico sell their goods elsewhewre and avoid trading with the US ourselves.

FriedGreenTomatoes2

Canada cannot win this tariff war.

What makes you say that? Other countries, including ours, could export from Canada rather than the USA?

FriedGreenTomatoes2

Canada cannot win this tariff war.

They will have to and the rest of the Commonwealth should support them with as much trade as possible. Come on Australia, New Zealand. U.K. etc etc etc. What will the King have to say? That is if his “state” visit is still on. That’s a tricky one for him.

Canada cannot win this tariff war.

Sadly, it will be the ordinary citizens who will pay the price, quite literally.
I understand that Mr Trump has been a little less " visible" over the last couple of days. Can't think why...

Maybe he realises that he won't be able to treat Mark Carney as he did Justin Trudeau and is getting his hits in straightaway. I agree with OP that his attitude is beyond belief.