#Trump manipulates the #market again by pausing the #Canada & #Mexico #tariffs for #autos for another month.
#law #InsiderTrading #misappropriation #SEC #SecuritiesLaw #USpol #kleptocracy #corruption
https://www.politico.com/news/2025/03/05/trump-auto-tariffs-pause-canada-mexico-00213949
And here we go again…
#Trump AGAIN manipulates the #market thus time by pausing the #Mexico #tariffs for a month.
Also he continues to conduct #ForeignPolicy affairs on social media.
For crying out loud, like a drunk toddler & for seemingly no reason at all, #Trump has now reversed his #tariffs on #Canada.
Trump said Thurs that he would allow BOTH #Mexico & Canada to avoid tariffs on most exports to the #US for 1 month, specifically products subject to the #USMCA, the #trade pact he signed in his first term.
The move came less than a day after he granted a 30-day reprieve to #automakers, & hours after announcing a pause on Mexico’s tariffs.
#economy #instability #geopolitics
Now he has rolled #Canada into the #Mexico pause without any explanation as to why. He paused the Mexico #tariffs after speaking to Mexico President #ClaudiaSheinbaum. Utter #chaos.
#Trump has played an inexplicable game of brinkmanship w/the North American #economy this week, as he levied stiff tariffs on Canada & Mexico, then suddenly rolling some back.
Clarification:
#Canada’s initial retaliatory #tariffs against the US will remain in place for now despite #Trump postponing 25% tariffs on many imports from Canada for a month, a snr Canadian govt ofcl said.
Trump said Thurs that he has postponed 25% tariffs on many goods from Canada & #Mexico for a month, amid widespread fears of a broader #TradeWar.
A snr Canadian govt ofcl confirmed Canada’s response tariffs will remain for now.…
#Canada’s initial $30B Canadian (US$21B) worth of retaliatory #tariffs have been applied on items like American orange juice, peanut butter, coffee, appliances, footwear, cosmetics, motorcycles & certain pulp & paper products.
#Ontario Premier #DougFord, …also said that, starting on Monday, the province will charge 25% more for #electricity shipped to 1.5M Americans in response to #Trump’s tariffs. Ontario provides electricity to #Minnesota, #NY & #Michigan.
The White House has released #Trump’s executive order on #Canada & #Mexico & the language makes clear that he is suspending the #tariffs — not pausing them. The order effectively abandons tariffs on goods that are covered by the #USMCA trade pact Trump signed into #law in his first term.
#economy #chaos #idiocracy #USpol #ForeignPolicy #geopolicy
https://www.whitehouse.gov/presidential-actions/2025/03/amendment-to-duties-to-address-the-flow-of-illicit-drugs-across-our-southern-border/
@Nonilex I'm watching the DOW, it's down over 350 points in 45 minutes since he made this announcement. I hope Trump is receiving a ton of angry calls from his rich buddies this week!
@the_blackwell_ninja @Shdwdrgn @Nonilex
I’ll guar-an-fucking-tee you if you looked at Kelly Lofler’s portfolio, there were some suspicious buys and sells since she took office.
@Nonilex The DOW ended up dropping over 500 points in a little over an hour. Seems to be rebounding now, but wow what a day.
It also dropped 500 points immediately after opening this morning before rebounding, so the whole day looks like a roller coaster (still not sure what caused that initial drop).
@Nonilex
The whole point of the US Government at this time is ️Attention Seeking
and stoking Trump's Ego
Anyone checking on who in the Trump administration went long or short just before that back-pedaling over US tariffs came out?
@Nonilex I assume, this is all about stock gambling. He and some brokers know what's going on and put their bets.
Completely seems like a stock play. Talk tough, drive down the market, buy low, pull back, market rebounds ..... profit!
Good. See where playing games gets him.
@Nonilex
I use a hosting service for my dbc3.com website, an email server where I manage some 30 or so accounts, some private "cloud" storage so i don't use google or meta.
It is located in Toronto. I got an email this morning that "to continue providing quality service," price is increasing - by 25%
@Nonilex The technical term for the Trump administration's approach to international trade relations is "slap-dick"
@Nonilex@masto.ai
Canada should respond to any pauses as if they're still in effect! The pause in February did huge damage to markets in both countries. This is not acceptable, the only time Canada should remove our retaliatory tariffs is after has permanently removed their's, anything else is just BS and mind games. The only game we should play with Trump is to see how long it takes the White House to burn to the ground!
Was it bluster or stupidity? Also, it might be important to note that the MAGA faithful probably loved his awesome show of king-like strength. And they are not going to pay attention to any further developments and will remain awestruck.
Bluster & stupidity aren’t mutually exclusive, especially when it comes to Trump.
Agreed! And it might be good to add “profound ignorance” to the mix…
@Nonilex in a fit of lunacy i tried to skim through the subsection of chapters 98 and 99 to see what it's about, and i'm just not willing to follow all the references to other sections of the law to see what it means to be covered or not in each context, i guess i'll wait for mexico/canada response to see how big of a deal it is
https://hts.usitc.gov/reststop/file?release=currentRelease&filename=Chapter%2098 (page 121+)
https://hts.usitc.gov/reststop/file?release=currentRelease&filename=Chapter%2099 (page 173+)
Can't believe ANYTHING from Trump!
Trumpo thinks tariff term is name for some kind of Middle Eastern/Arabic food...... Has no idea what to do with it..
@Nonilex Good. Let him know not to play games with a trade war!
They say what the markets hate most of all is uncertainty. More than bad news, even.
And there is now an absolute idiot with a massive ego, a persecution complex, and zero impulse control behind the wheel of the USA's economy, and he's being "assisted" by a chaos monkey doing everything he can to screw up the domestic economy.
"Strap in, it's going to be a wild ride", etc, etc.
Trump should consider opening the world's largest circular shooting range in Branson Missouri.
Wouldn't that be wonderful!
It fits well with all his other complete nonsense.
@Nonilex Meanwhile all US stock market indices are very much down today, as is the UK FTSE, whereas EU closed up.
Gosh, it must be hard being a True Believer of a con merchant.
@Nonilex he isn’t ruling by EOs instead all FAs and now the FOs come home to roost
Big ol' bully boy became frightened of being bitch slapped. It happens every time.
@Nonilex this is all being done to rattle the market...shaking out the clueless. Bump coming.
@Nonilex I don't care what he does, as long as we (Canada) don't flinch. Maintain the course. #BuyCanadian . Keep US booze off the shelves. Keep all of this going until there's some stability and saner minds have taken the reins.
@Nonilex I don't have a frustrated scream emoji intense enough to reply to this
@Nonilex @TalktoBeverley It’s all insider trading. He’s manipulating the markets for his and his buddies benefit. Announce tariffs, market drops, buy stock, pause tariffs, markets recover. Profit. He should be in jail.
@Nonilex it’s deliberate manipulation of the stock market while his friends are shorting and hedging and making fortunes. #insidertrading.