Subj : US tariff retaliation
To : All
From : Nightfox
Date : Wed Mar 05 2025 12:51 pm
Yesterday, I heard the US tariffs went into effect, and Canada has retaliated by putting similar tariffs against the US. Canada's leader Justin Trudeau made a speech yesterday talking about this:
https://youtu.be/wz_42pckM7w?si=tpa8SbWjo9L5pEIN
The US tariffs would more than likely make products from those countries more expensive to US citizens, and the retaliatory tariffs from those countries will also make it harder for US companies to export/sell to those countries, since the prices in those countries will be higher. With tariffs going both ways now, the economies and citizens in both countries will be hurt via higher prices. I've also heard that Mexico will respond with 25% tariffs against the US, as has China.
Trump's tariffs were mainly retaliatory about fentanyl policies. In his speech yesterday, Justin Trudeu said they've already seen a dramatic reduction in the amount of fentanyl crossing the border, as they've seized a lot more fentanyl in the last month - so supposedly, Canada is already doing their part.
Is hurting the economy and making things more expensive what Trump wanted? Since Trump is a business person, I'd think he'd have a good sense of the financial effects of things, so I'd have to think he would have expected this to happen. I didn't vote for Trump (didn't vote for Kamala either), but I was still hoping for some positive change when Trump came into office. So far, I'm seeing prbable negative change with these tariffs, and I'm worried.
Nightfox
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