Trump just signed three executive orders slapping massive tariffs on Canada, Mexico, and China. Here’s what’s happening:
1. New Tariffs on Imports
Major duties on computer chips, steel, aluminum, copper, oil, and gas.
Hits trade with Canada, Mexico, and China—40% of U.S. goods trade.
2. Energy Tariffs (With a Canadian Loophole)
25% tariff on imported oil and gas.
Canada gets a reduced 10% tariff after diplomatic pushback.
3. More Tariffs on the Way?
Trump hints at hitting the EU next, citing “unfair trade.”
The Fallout
Higher Prices: Everyday goods like cars, lumber, smartphones, tequila, and avocados could spike.
Inflation Concerns: Economists warn U.S. households could pay $1,300 more per year.
USMCA in Trouble?: Trump’s tariffs undermine the trade deal, risking retaliation from Canada & Mexico.
Trump says tariffs will boost American industries. Critics warn they’ll backfire, hurting consumers and sparking economic chaos. Who’s right? Buckle up—this trade war is just getting started.
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It feels a lot like dominoes falling. The deportations are affecting our food source harvesting. Then we have global warming, bird flu, inflation, corporate greed, trade wars, higher taxes, the funding freeze (now that Elons hacked the treasury). I’m sure we are in for a debacle. It seems like it’s going to come to a head quickly. DT has 6 bankruptcies- about to be 7 I’m sure.