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Trump's Speech To Congress: Tariffs are NOT about Border. "It's About Making America Rich"
(lemmy.ca)
I thought the reason for trashing trade agreements and taking a wrecking ball to the Canadian economy with extreme tariffs was because of fentanyl coming from Canada at the border?
Apparently not, says Trump, from his speech at Congress tonight: โ... Tariffs are about making America rich again and making America great againโ.
By his own words, he has just shown his big lie.
Okay, so it absolutely was market manipulation. A dump and pump. Cue the tariffs to be rescinded this afternoon.
More like creating the conditions of a fire sale to allow the oligarchs to buy up large swaths of whatever they fancy.
If it was intended to be a dump and pump, it's not going to work. Companies aren't going to reestablish supply chains just to get rugpulled later. More important than price and quality is consistency. Just the uncertainty alone will have an effect for years.
Yep look at the soy export market. After Trump's last fiasco on 2018 and Biden not reversing the idiot, Brazil has replaced the U.S. as the top exporter in the world.
In addition to huge costs of new plants, and finding replacements for skilled Canadian workers, there would be loss of Canadian market for those vehicles. China has better value cars, and US made cars would go way up in price to recoup those investments.
He lost the 2020 election for screwing up the US over Covid. A bigger recession won't help the midterms or 2028 "president for life decree".
Holy gawd youโre right. Ultimate evil.