The 24-hour tariff yo-yo continues. The market isn’t amused with “economic warfare”.
Feeling Whipsaw Yet?
The Wall Street Journal reports Trump Pares Back Canada, Mexico Tariffs in Latest Whipsaw on Trade
The U.S. partially pulled back tariffs on some goods from Mexico and Canada after markets sank and companies lobbied President Trump, as the administration’s swerving trade policy strained relations with allies and raised recession fears.
Trump gave America’s neighbors and biggest trading partners a one-month reprieve from 25% tariffs on a range of goods, setting up another showdown for April 2. It was the second time in a month that Trump had retreated from tariffs on Mexico and Canada, highlighting the uncertainty of his trade policies as he also raises duties on Chinese goods and moves ahead with plans for broader tariffs imposed on a host of countries next month.
Thursday’s respite doesn’t end trade tensions in North America, though, and there are still goods that will continue to be hit with new tariffs because they weren’t covered by the U.S.-Mexico-Canada Agreement, or USMCA, U.S. officials said.
Canadian Prime Minister Justin Trudeau said Thursday that Canada likely would be in a trade war with the U.S. “for the foreseeable future.” On Wednesday, Trudeau had publicly called the tariffs a “dumb move,” then held a private phone call with Trump that he said was “colorful” and “constructive.” He declined to address a report by The Wall Street Journal that had a person familiar with the call describing it as heated and including profanity.
The leader of Canada’s most populous province, Ontario, said a 25% export tax on electricity sold to New York, Michigan and Minnesota would take effect Monday and remain in place until Trump drops all tariff threats against Canada, including the potential April 2 snapback.
“As I always say, you know, you touch a stove once, and you get burned, you don’t touch a stove again,” Ontario Premier Doug Ford told reporters in Toronto. “The only deal is, Drop the tariffs unconditionally, sit down and let’s start moving on a new USMCA deal.”
About 40% of Canadian imports and a similar level of Mexican imports fell outside USMCA, but had passed through duty-free because the U.S. imposes no tariffs on those products regardless of the supplier country. Those imports include computers, medical equipment, phones and beer.
Those goods will now face 25% tariffs, White House officials said. Companies never sought to comply with the USMCA rules because there was no tariff benefit associated with compliance.
Stocks dropped Thursday even after the White House announced the partial pullback of tariffs. Tech shares fell, the dollar weakened and recession fears weighed on financial stocks.
The tariff whipsawing over the last few days has unnerved more than markets, with even some Republican senators Thursday calling on the White House to “bring more clarity to their tariff strategy,” as Indiana Sen. Todd Young put it.
The White House’s justification for the tariff reprieve—the automaker supply-chain commitments—added to the confusion Thursday. Some lawmakers say they are unsure whether the tariffs are really aimed at combating fentanyl trafficking—the stated legal justification—or are a tool for reshoring manufacturing, or another objective.
“Are our tariffs, for example, on Canada targeted at insufficient cooperation as it relates to fentanyl trafficking, insufficient funding of their military so they can do their part as a NATO member, non-tariff impediments to U.S. goods and services?” Young wondered aloud on Thursday, referring to the North Atlantic Treaty Organization. “Are they an effort to increase our domestic manufacturing capacity and create good jobs at home? Are they some combination thereof? What combination and to what degree of those are the most important?”
The delay in tariffs highlighted another moment of friendship between Trump and Mexican President Claudia Sheinbaum, whose popularity has soared in Mexico over her handling of the crisis brought on by the tariff threats.
In a phone call between the two leaders Thursday, Sheinbaum said Trump began by saying he wanted to keep unilateral tariffs on Mexican goods. Sheinbaum countered with how much Mexico had cooperated with the U.S., extraditing 29 imprisoned drug kingpins wanted by American prosecutors.
“I told him: President Trump, we are having results,” she said during her daily news conference. “But now that you have imposed tariffs, how are we going to continue collaborating with something that harms Mexico?“ Sheinbaum said she told Trump.
In a social-media post, Trump said: “I did this as an accommodation, and out of respect for President Sheinbaum. Our relationship has been a very good one, and we are working hard, together, on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl.”
Excellent Comments on X Regarding Yo-Yo Tariffs
- SilverFists: Burning your key partners in your economic success is idiotic. Rosenberg had a commentary on BNN today and fwiw I agree with what he was saying in terms of Canada’s cards but an uphill battle as his intention is to re-shore automotive (from Canada) so temporal delay is just a faux pause imho.
- Darren Sissons, The Auto Pact was implemented in 1965 and supply chains united and integrated because it made economic sense to do so. Re-aligning that multi-decade cross border supply chain just isn’t happening in a one term presidential cycle. Thinking otherwise is lunacy.
I appreciate good comments. But it’s like swimming in a cesspool looking for them on X.
Brad Setser had some great comments as well.
Economic Warfare
- Setser: My colleague, Ted Alden, is very level headed and generally a quite mild mannered guy — But everyone has limits! [Image above]
- Even with the (partial)* rollback today, the USMCA (A Trump trade deal by the way) is effectively dead. The needed trust to accept a high level of dependence on the US has been destroyed.
- There are a lot of folks who are gonna be scrambling to to be certified USMCA compliant; for a host of goods where the global US tariff was zero it never mattered til now.
There Is No Plan
Scott Lincicome at the Cato Institute @scottlincicome, simply says “There is no plan.”
Trump Not Watching the Market
In the cesspool delusional category “TRUMP: GLOBALISTS ARE BEHIND STOCK SELL OFF”
That is more than a bit amusing because Trump: “I’m not even looking at the market.”
Returning to the real world …
Erica York at the Tax Foundation
- York: It’s unfortunate Congress gave the president a tax-increase button, and even more unfortunate that Trump has repeatedly pressed it. Because he has, Americans will see higher costs from new import taxes, and that will lead to lower incomes.
- Secretary Bessent on Tariffs: Over the long run “I’m not worried about inflation” from tariffs. “We could get a one-time price adjustment.” “Nothing is more transitory than tariffs if it’s a one-time price adjustment.”
- Scott Lincicome on Bessent: For those keeping score at home, we’ve now gone from “tariffs don’t raise prices” to “tariffs only raise prices once.” The latter, ofc, is technically correct but will be cold comfort to inflation-weary Americans forced to pay Trump’s one-time price increase (esp if it’s big)
Presidents Don’t Cause Inflation (Or Do They?)
- Returning to Erica York: It’s typically misguided to blame presidents for price changes, it’s not like the Resolute Desk has a big “price change” button for presidents to push. But in the case of President Trump’s new tariffs, such a button does exist — and he pushed it.
- Reminder that almost all the tariff revenue generated under Trump 1.0 went right back out the door to compensate farmers for lost export income thanks to the trade war.
- Hard to underscore how extreme Trump’s tariff actions are. His first term tariffs affected $380 billion of imports, mainly from China, over the course of 2018 and 2019. His second term tariffs now affect $1.4 trillion of imports, mainly from allies, over the course of a month.
Irony, Hoot, and Questions of the Day
- Irony: Trump temporarily eliminated his own tariffs to “protect American car manufacturers and American farmers.”
- Hoot (and questions) of the day: Since we need to eliminate tariffs to protect farmers and car manufacturers, why did we put the tariffs on in the first place?
- Are we only concerned about cars and farmers? What about everyone else clobbered by these tariffs?
Related Posts
March 3: Welcome to the Recession, Trump Hits Canada and Mexico with 25 Percent Tariffs
“No room left” for negotiations says Trump.
And now US Commerce Secretary Lutnick seeks negotiation. Fancy that.
March 5: The Tariff Clown Show Continues with Another One-Month Extension for Autos
Another one-month reprieve will solve as much as the last one-month reprieve. For those keeping score, nothing.
March 6, 2025: Trump Makes Imports Great Again With Two New Record Trade Deficits
The Census Department reports two new records trade deficits in January.
We have not yet felt the hit on small manufacturers do to extremely unwise tariffs.
For discussion, please see How One Small Business Owner Is Coping With Trump’s Tariffs
Fifty-four percent of small businesses polled said that tariffs would negatively affect their companies, while just 11 percent said they would benefit.
Please read the above post and multiply it by tens of thousands of small businesses.
My Take For Now
- The slowdown in jobs will matter more than price hikes due to tariffs. Bond yields at the long end will decline modestly.
- My alternate second take is lingering stagflation lite.
- I rule out door number 3, a soft landing. Indeed, we may have a very hard landing due to tariff madness.
- The “No Landing” (up, up, and away) door number 4 scenario that worked for a long time is now dead.
Base Case: A Global Trade War Has Started – Global Recession Will Follow
The most significant global trade war since Smoot-Hawley and the Great Depression is underway.
If Alden, Setser, or anyone else thinks the U.S. just started using trade as economic warfare, they really haven’t been paying attention for the past 50+ years.
Everyone is used to stasis, frozen, living like frost bunnies in an ice palace. Suddenly the sun arises, the life cycle begins again. The ice thaws, the world begins to move, all is chaos in the minds of the frozen and once frozen.
Life is change, death is stasis, Death is the inability to move, to understand the world.
Trump promised change, he is delivering what he promised, it is long overdue. When negotiating its often useful to put your efforts into uncertain terms to see what happens, to understand how your foe copes.
Its amazing how many people have grown use to a stagnant world and fail to understand anything they haven’t seen before.
Prepare for more change, more off balance situations, life is like that, it makes you stronger and smarter if you let it.
Sounds like a (confused) version of (crazed) Nazi ideology. But what has this to do with tariffs on Canada?
Trump’s policy on tariffs changed from yesterday, the world is ending.
I point out that change is inevitable and to stop changing is to die.
an apparently you can’t connect the dots.
It doesn’t look like what you’re selling is what people voted for….angry townhalls all across America and AT THE GOP!
https://www.youtube.com/watch?v=Eg12gl8_3E0
The hundred years uniparty told us that Trump is a criminal, a Nazi, a threat to our
democracy. Since they lost there is no hope !!
Near their end, failed empires start feasting on their vassals.
Incoherence. Caprice. Day to day to day. This is what stands in for our national “policy” now.
Yawn.
Europe: Germany factory orders down 7% in January
Time for US North American partners to decide where their future is.
Canada, Mexico here is a hint, your future is not to be found in Europe marching lockstep with Globalists.
Work with the US and have a future. Remember Biden, perhaps you do. Not so long ago all we heard was nothing could be done with the Border
That lie has gotten exposed in 6 weeks time.
4 years of Lies exposed in 6 weeks.
But Orange man bad cause Tariffs.
Giving Chicken Little a run for his money.
Danger Danger the Sky is falling.
No worries. We are catching up with the (declining) German data very soon.
Things are getting beyond hysterical.
Sky is not falling.
That’s right. Only the S&P is falling.
You expected something different to happen when the Free money ride ended Jan 20 2025?
Free money ride ended? You are not listening to the master. He says the US stock market gets whacked now because the globalists don’t like him.
How stupid are Americans as the clown car rambles through our government?
More so than a cycle ago
SPX [1D] breached Jan 13 low and closed below. Option #1: Short covering might send it up to the 5,900/6,100 area, bc red vol was high on SPY, before resuming the downtrend to shakeout the weak hands. Option #2: SPX is backing up above July high, building a cause to move higher to a new all time high. For fun and entertainment in the casino.
I recommend stocking up on $Melania meme coin. It just hit a record low today so it’s basically on sale. 75 cents.
And yet….and yet…EVERY time Trump does something the rhetoric begin immediately to describe the horrible consequences of the latest turn in his plot.
If Donald Trump said, “Go West, Young man!” The usual suspects would fervently swear with spittle flying from their lips that Trump wants young men to drown themselves in the Pacific.
This is so fun to watch. Who knew retirement could be so interesting?
there does seem to be a herd mentality in the thinking processes of the anti-trump democrats, perhaps the purple hair leads to telepathy, enabling group think?
Time is on Trump’s side, he has 12 years to implement his policies. The clowns are scared.
When did the American people demonstrate that kind of patience? So, all the “Day One” proclamations being retracted won’t be noticed this quickly? We came INTO this moment on a wave of fatigue and impatience: “war on terror,” 2008, pandemic and their monetary aftermaths, inflation, etc. The spectacular overdone promises and rhetoric are already in retreat. So you, like this admin, are trying to push the promised pie into the distance, and the price rises haven’t even hit the stores yet.
60 days and you ask for the world to be rebuilt from dust. Trump is a man, not a god as you fear him to be.
Everything cannot occur simultanesously. all the time, forever.
Building is a process, that usually requires destruction to occur as a precusor. A house is demolished for a new house to be built. A lot is graded, trees removed, holes are dug, the site is degraded before it is enhanced.
I fear the critics will be emotional zombies by the time 2025 becomes 2026, by spending everyday exploding over some perceived slight, something they don’t understand, something they were told to group hate. They will be like insane mice when the cage is removed they will be unable to move outside the space it once occupied.
They are driving themselves insane, preoccupied with the minutia of things they don’t understand, but don’t like because their phone told them to dislike it. They are a tribe engaged in ritual madness. Electronic lemmings rushing over imaginary cliffs.
Nobody asked for him to reach that goal, he boasted he would lower prices on day one among innumerable other fake boasts, and rubes gave him their vote for all his false promises. This always happens, so it isn’t a specific condemnation, just a lament on American voter stupidity in all areas of the political spectrum.
That’s what wannabe dictators always think.
The hundred years uniparty was defeated last year.
Trump wants to cut 10 existing regulations for every new regulation. Not something a wannabe dictator does. Democrats love to regulate.
You got the gold medal today time on Nero the clown staying alive for ever delusional maga group.
Sad business this unstable, chaotic, and 180 degrees of reversal of American policy-making. On the other hand … it makes great TV and is a silver lining to being near one’s expiration date. Is the asset debt macroeconomic system deterministic and mathematically predictable in terms of its asset(including debt) time-based valuation growth and decay cycles?
With Canada the issue is not economic. It is about fentanyl and the cartel operations based in Canada and the complicity or complacency of the Canadian government to address the problem. Many Canadians are finding out only now how serious the problem is. If they start to get a handle on this then we will kiss and up. Until then there will be cold anger.
Fentanyl i just an excuse. US had allways had massive problems with drugs, which other civilized countries do not have (on the same scale). Ever wondered why ?
Stop blaming your neighbours, and start taking care of each other.
Well then do something about fentanyl landing in Canada and sent across the border and see then if the tariffs come off. That would be more productive than just denying there is a problem but it is much easier to do nothing and claim victimhood than tackling the problem head on. That is Trudeau’s party political strategy. Are you one of them or are just hanging on his coattails on this issue?
It’s America’s border how is that Canada’s problem? Why don’t we inspect shipments/packages for drugs/fentanyl if it’s a big problem?
Answer: It’s bullshit, just an excuse by the clown who really doesn’t give a damn about drug use in USA.
Yes, this is the most flimsy and transparent pretext one could imagine. And how about telling our people, be responsible, use your liberty well? No, let’s blame our neighbor for a microscopic flow of poison.
I want more Fentanyl. It’s a very affordable way to have a very relaxing evening.
You really are a fish, hook line and sinker. GL
I see that Canada has a lot of Canadian Karens.
How about taking care of ourselves? Was not this republic founded on personal initiative and responsibility? I.e., liberty, to own my choices and their consequences? I shed those personal issues, and that’s how I take care of my neighbors: by taking care of my interests.
Drugs do not respect politics or borders. Drugs are a human desire, the ancients indulged themselves as do the modern humans.
To say the US is unique in having a drug problem is not to understand drugs or humans or politics at all.
All countries have drug problems.
or at least all countries that have humans residing within their borders.
Mars for instance has no drug problems. Just robots and dusty hills.
Make Mars great again.
Here in Canada we’re long past cold anger, it’s more like a hot burning hatred of America now.
Shove your fentanyl excuse – as long as I’ve been alive drugs have poured into Canada through America from Mexico and further south, and I have never ever seen a single American express any concern about that, say they will do anything about that, or actually doing something about it. How about YOU secure YOUR borders to prevent that? Yet another proof of the utter hypocrisy of the USA.
We now regard the USA as a direct threat to our national security, a hostile enemy nation, and we do indeed need to massively upgrade our Army, so as to position it along the US border to deter American invasion, as your idiot President keeps mentioning.
92% of Canadians polled recently siad that under NO circumstances would they ever vote to join the USA, and that’s probably 96% or higher by now.
I’ve lived in the USA myself twice, for extended periods, and travelled across the USA a few times. THose days are over now, in my business,and personally, I will never buy anything made in the USA again, and most Canadians feel that way now. I will buy from China, or anywher else first, last and always, as at least they aren’t plotting to invade Canda, nor is Russia. The only major threat we face now is from the USA, our one-time “friend”. There was no other obvious pressing threat that would have made large military spending necessary, unlike America we have no enemies that want to attack us. We share a very long border with Russia in the Arctic, and I can’t recall there ever being any border incident or threat coming from Russia there
Play the victim as much as you want. It won’t change reality. Canada risks being owned by the cartels and China and you don’t care. We do.
Who are you calling “we,” pal? Have the courage to speak for yourself. Own it, don’t try to stain me with it.
your comments are so ignorant. beneath contempt
Says someone who proudly lives in France, ah the stench of hypocrisy is strong with this one, skywalker
Can you refer me to some good Canadian financial blogs posting on this Brookfield thing? Thanks in advance!
There was a post on Zero Hedge about the murky financial dealings of Brookfield, an analyst who thinks it’s all a big scam, though I don’t know if there is any smoking-gun proof of that or not. Brookfield seems to be a vast entity with thousands of campanies, which is a bit suspect in itself, why so complex?
https://www.zerohedge.com/markets/1-trillion-labyrinth-canadas-brookfield-questioned-fts-dan-mccrum-self-dealing-complex
THere is a rebuttal there from a conventional “analyst”, which I think shows the general market view of Brookfield, most think it’s OK, but they have not, I’m sure, delved deep into the accounting. IT seems so complicated that no one really has the timie to unravel all the threads, probably on purpose.
So my verdict: scam – but I have no proof.
Actually, the way things are going, I think parts of the US may seek to join Canada.
Especially those areas that may lose their electricity soon.
GOP will lose 2026 election cycle and Trump will be haunted by Democrats controlled Congress. He is shooting his own feet. But it is still 20 months left. By then more damage be done
US can’t solve the fentanyl problem. So why you think Canada can solve the same problem? This is “Trump Delusional Syndrome”.
What a strange reaction. You want us to solve a problem that you yourselves can’t conceive of being capable of solving.
If you really want to solve the fentanyl issue, you need to get a few nations together and actually attack the mafias behind it. A lot of officials in many countires are piad to look the other way.
Starting a trade war with Canada won’t do it, but it will damage the economy in both nations. And it makes Canadians far less likely to care what Americans say about anything, so it is self-defeating, if fentanyl is indeed the primary concern.
I hope you are not on fentanyl.
Psychological Symptoms of Fentanyl Use:
• Confusion and memory problems – Difficulty concentrating or remembering things.
• Hallucinations or paranoia – In severe cases, users may experience altered mental states.
fentanyl in Canada was never an issue. Trump did not campaign on it… but he wakes up one morning and says fentanyl!! from canada that’s the key! and now everyone repeats it on faith. Completely manufactured issue that didnt exist 30 days ago.
There is a fentanyl problem on the streets in Canada, just like in the USA.
There is a large homeless encampment in a nearby city to me where fentanyl addicts abound. You can see them lying on the ground passed out, or attempting to walk, you can always tell them by the dod-bird up and down waist bend, like the plastic drinking bird you used to have on the back deck of your car under the rear window.
But it has nothing to do with international trade, except in the sense that the chemicals to make fentanyl come from China.
what nonsense. what evidence do you have for any of this?
maybe the US should look in the mirror and ask itself why its citizens are so miserable that they are using drugs at rates far higher than anywhere else in the developed world. they have prescription opiates in Canada and Europe too, only people dont’ abuse them these. why is that?
They also don’t shoot each other with the same alarming frequency in the rest of the world.
Fentanyl from CA a problem? LOL. Check the decreased traffic (50%) over all borders and 20%+ lowed OD deaths in 2024. Trump picked fentanyl because it’s already declined by a LOT so it’s easy to claim victory when someone else already won that battle. Check the data, it’s true.
The tariffs are to get Canada to kneel and become the 51st state. This is why he keeps calling him Governor Trudeau. In case some weren’t aware, Elon’s grandfather was associated with a fascist movement.He had a vision for a Reich in North America stretching from Greenland to Columbia.
https://www.mind-war.com/p/americas-mummy-haldemans-ghost-takes
Joshua Haldeman was a Canadian leader of “Technocracy, Inc.” — a movement to replace world government with a group of “technocrats” — experts, scientists and engineers — who would alleviate the population of the need of making decisions for themselves. But importantly, as I’ve written, he also wanted a “Technate of America” spanning Greenland to Colombia.
https://www.mind-war.com/p/technate-of-america-musks-game-of?utm_source=publication-search
However, he does not have any original ideas. His grandfather Joshua Haldeman was the Canadian leader of Technocracy, Inc. a quasi-fascist movement in the 1930s with hundreds of thousands of North American followers that sought to create a “Technate” from Greenland to Colombia. It was led by Howard Scott, seen here in front of their office.
Haldeman became disillusioned with the Canadian government and, by 1941, with Technocracy, Inc. His anger at the “declining values” of his own country — he hated Coca-Cola, movies, refined flour and Jews — increased through the 1940s until finally in 1950, Haldeman moved his family to apartheid South Africa, just two years after it started advertising itself as a “whites only paradise.”
As I’ve reported, Haldeman remained a Hitler supporter, a Holocaust denier and a Nazi, and passed these beliefs to Elon Musk’s mother Maye — according to Elon Musk’s father.
80 years after Elon Musk’s grandfather led a movement to create a technocratic dictatorship spanning all of North America, his grandson crowned himself “Technoking of Tesla.”
BOTTOM LINE: TRUMP 2.0 IN NO WAY RESEMBLES TRUMP 1.0. ELON IS IN CHARGE.
Musk is not in charge. He’s simply unsupervised.
Elon’s mother, the daughter of Haldeman, was seen getting off Marine one the other night with Trump. The ideas of conquering Greenland, Canada and the rest of the Technate are coming from her directly to Trump.
Your name says it all. Idiot.
No one in Canada is kneeling to anything, esspecially Americans.
What part of “92% of Canadians polled recently siad that under NO circumstances would they ever vote to join the USA, and that’s probably 96% or higher by now.” don’t you get? Maybe I need to draw you a diagram.
Shove the Governor and the 51st State crap where the sun don’t shine.
The lunatics have taken over the asylum
He’ll change his mind by tomorrow morning and reinstate the tariffs for Canada. I just read that Canada is keeping their retaliatory tariffs regardless of whether Trump pauses or not.
But I thought Trump is tough on securing border. So why he asks other countries to secure it. USA security should not rely on other countries but ourselves, out border patrol and military if needed.
Maybe Trump is just not fit to bring needed security to USA. So many questions….. 🙂
Clown show indeed.
“TRUMP: GLOBALISTS ARE BEHIND STOCK SELL OFF”
Did Trump ditch Elon as an adviser and replace him with Alex Jones?
Trump says some dumb ass shit, but that quote is fucking moronic.
President Trump is a generous man. Thirty days is plenty of time to rent a big tent and truck the tools across the border. Elon Musk started his car company in a tent. He knows exactly how long it takes.
with the way Telsa sales are crashing globally he will be back into that tent very soon again.
Obviously your Progressive Drivel is showing! YOU do not understand that tariffs are a tool of foreign Policy that allows one to get what one wants. China – STOP THE Fentanyl Canada – STOP THE FENTANYL & illegal traffic. Mexico – STOP THE FENTANYL; ILLEGALS FLOW; HUMAN TRAFFIING; MONEY LAUNDRING. INDIA – reduce tariffs on Auto imports EU – has an average VAT TAX of 23%.
What Trump is dong makes sense! Your commentary does not.
Forgive me for being polite – but you are a clueless nimbat who does not understand or respect the law or treaties or economics or anything else.
Thx for writing that, Mike. You just read my mind.
Now that’s hilarious – lol
🙂
you’re arguing with some low paid Russian troll farm employee
why the name calling “Clueless nimbat” does not move the discussion along or gain any respect or understanding. Demeaning people is not a means of educating them.
Benjamin Franklin was publicly shamed by British Parliment, how did that work out?
If I disagree with someone, I try to explain why they are wrong or why I think they are wrong.
Name calling is the refuge of those who have run out of cogent arguments…
I think you have a right to criticize anyone you want Mish, but you should try to be a better man and not engage in name calling. The internet is already a cesspool, no need to cast more into it..
What kind of unhinged shit is this?
Shove it. See my comment above about the fentanyl argument.
VAT type tax is not an “import duty” every business pays it on everything, imported or domestic, it doens’t discriminate against foreign companies.
Canada has a VAT of 13%, if I buy a Candain product, I pay that, or defer it in a businees use till the end user pays it, which is how it works everywhere, more or less, only the % rate differs from country to country.
What is your point?
you got that right in your last sentence of your rant.
Trump is a dong
It may well be that Trump IS nuts. His on-off tariff actions make no sense. But it looks like nobody will stop him. Both Congress and his Cabinet flunkies look paralyzed. Maybe this is how living in Rome felt during emperor Caligula’s time.
It is the preferred look: Trump ruling by decree.
What he says, goes…or doesn’t go…
you must stay tuned to him, and only him…
for each exciting plot twist.
That’s just the way it is…
when King Chaos the Shit Talker…
takes control.
At least he didn’t bring anyone from his television show along for the ride this time.
Whether this show is scripted or unscripted, you’ll want to stay tuned for the next zany escapade!
Trump is a businessman. He loves Tariff. And his success is measured by stock market.That two oppose each other. He is balancing these two.
Didn’t Caligula order the legions to attack the sea? Sounds like a classic false positive, generating enemies all around, doing empty gestures for a facade of potency. Familiar.
Allegedly, Caligula appointed his horse to be a senator. Truth be told, I think that’s a much better appointment than some of the flunkies Trump has appointed to his Cabinet.
There are numerous clips of Senator Kennedy exposing the leftist ideological flunkies that Biden appointed to various positions.