#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/
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!