Trump halts doubling of tariffs on Canadian metals, after Ontario suspends electricity price hikes

Trump will probably call that a win after backflipping his way to the markets being down 10%.

Such a great deal maker!

U.S. President Donald Trump 's threat on Tuesday to double his planned tariffs on steel and aluminum from 25% to 50% for Canada led the provincial government of Ontario to suspend its planned surcharges on electricity sold to the United States.

Trump is making it up as he goes along, and that is causing instability.

And guess what? The markets hate instability.

That's why they are tanking.

But if tariffs are "tax cuts for the Americans", shouldn't halting those tariffs be... a bad thing?

Trump ruling with chaos.

When he won the election last year, he proclaimed that he wanted his term to be considered to have started Nov. 6, 2024 on Election Day, rather than his Jan. 20, 2025 inauguration, so that he could be credited for post-election stock market gains.

So basically Trump should own up to whatever has happened since November 6. Fair enough. So Trump should take responsibility for this stock market crash and rise in inflation rates and grocery prices as well. You can take the credit when you can, but you also have to be ready to take the blame for the bad as well.

Trump also repeatedly warned of an economic freefall if he lost the election.

Well, in hindsight, he had it wrong. He should've warned of an economic free fall IF HE HAD WON.

Trump will probably call that a win after backflipping his way to the markets being down 10%.

.

It’s a win-no mistake!

.

Trump ruling with chaos.

.

No. Getting the best deal for the US!

Markets go up and down but this correction is a big one directly caused by the projected decline in business activity related to the Trump Tariffs. US markets have lost considerably more than the entire GDP of Canada so it looks like Canada is winning.

The Demented Dimwit crumbled just as we expected him to do...

Trump showing everyone his economic expertise and knowledge - the same knowledge that bankrupted a casino...

Putin's Puppet leading the effort to destroy our global reputation and democracy...

I've been trying to work out whether there is a pattern to Trump increasing, lowering or suspending tarrifs.

The only thing that is consistent is that there's a "youbi" in the day of the week. This seems to work every day.

Tariffying

Remember Sean Spicer? Trump first WH Spokesperson? The one the went down in flames after a few weeks?

Meet Karoline Leavitt - Sean Spicer Jr;

“He’s actually not implementing tax hikes. Tariffs are a tax hike on foreign countries that have been ripping us off. Tariffs are a tax cut for the American people,” Leavitt said. “And the president is a staunch advocate for tax cuts. As you know, he campaigned on ‘No taxes on tips, no taxes on overtime, no taxes on Social Security benefits.’ He is committed to all three of those things, and he expects Congress to pass them later this year.”

Trump's current, and soon to be fired Spokesperson just tried to tell us a tariff is not a tax hike....which is like saying white is not a color, or steak is not a meat, or Trump is not a Moron...

“The only thing that makes sense is for Canada to become our cherished Fifty First State," Trump posted Tuesday. "This would make all Tariffs, and everything else, totally disappear.”

He’s still wasting time on this nonsense?

If tariffs are so great why doesn’t he like it when Canada use them?

Bets of luck Pres. Trump.

"Here I go again, on my own

Going down the only road I've ever known

And I've made up my mind

I ain't wasting no more time"

White Snake- Here I Go Again.

"Here I go again, on my own

Is that your definition of a leader?

And I've made up my mind

Until tomorrow, then he’ll be backpedaling down the road.

All you people want

Trump to.drive you into the poorhouse get on board and enjoy the ride

Once Trump threatened them to double it, they folded because they know the former is playing a much stronger hand and holds more cards.

His press secretary announced that "tariffs are a tax break for the American people" and then threw a fit when corrected.

You simply cannot believe a single word that comes from this administration.

Canada backed down, yet again. Explains the deflection and misdirection in the comments.

China put tariffs on the USA.

is that a tax on Chinese people?

Cause all of you were here bemoaning how this tariff would negatively affect the USA end not China.

just zero consistency in narrative messaging.

As one economist recently said, Trump actually inherited a stable economy from Biden, so Trump should have played golf and done nothing.

Unfortunately, that’s not Trump’s style. Hopefully Trump won’t bankrupt the U.S., but Trump does have a rather shocking record of having gone bankrupt in the past, numerous times.

I knew it, Canada blinked, now the negotiations begin, it’s a start.

You simply cannot believe a single word that comes from this administration

Trump hating Libs don’t, the rest of the nation does

Trump hating Libs don’t, the rest of the nation does

44% approval rating. Most Americans don’t.

Yeah it’s the same polling group you quoted when it was over 50%. I’m guessing you don’t like them now.

Yeah it’s the same polling group you quoted when it was over 50%. I’m guessing you don’t like them now.

I'm sensing a definite shift towards an even more blatant lying style, if that's possible. If you look at felon's lickspittles when they interact with the media, they now lie as a default style, and, if challenged, automatically become belligerent. For them, there is simply "our reality" and "your reality", and "our reality" is right and "your reality" is wrong.

I remember reading that the etymology of the word "decision" involves the expression "cutting off", the implication being that a decision is a choice to permanently cut off other possibilities. That's what is happening here. The current administration has decided to create its own reality, and has cut off all other possibilities.

People used to make allusions to Orwell and "1984" as a warning, but to be honest it's all happening in real time.

Trump has included Australia in the countries that will have 25% tariffs imposed on their exports.

Sort of ironic because Australia has, for the first time, a trade surplus with the US .

Usually , Australia imports more US commodities than it exports.

Why the change ? This is the funny part......

US investors are so scared of a "Trump induced recession " that they are buying all the Australian gold they can get. This has shifted the balance of trade to favour Australia....this one time.

Gold being a safe haven....a haven from Trump.

Markets don't lie.

MAGA....you bleeding goofballs

44% approval rating.

Wrong.

49.8% as long as it’s not 22% he’s doing great!

Most Americans don’t.

Beg to differ, if they didn’t they wouldn’t have voted for the man. He campaigned on this, he kept his promise, the only people who are surprised are the Trump hating libs that don’t pay attention to anything he does. That doesn’t count.

Yeah it’s the same polling group you quoted when it was over 50%. I’m guessing you don’t like them now.

No, I just use the most reliable and reputable ones

POTUS wins again.

Most Americans don’t.

Beg to differ, if they didn’t they wouldn’t have voted for the man. He campaigned on this, he kept his promise, the only people who are surprised are the Trump hating libs that don’t pay attention to anything he does. That doesn’t count.

Is his approval rating higher now than in January or lower? A simple yes or no will suffice.

Yeah it’s the same polling group you quoted when it was over 50%. I’m guessing you don’t like them now.

No, I just use the most reliable and reputable ones

I used the same ones. The ones you suddenly don’t trust.

All a negotiation. and what DJT really wants is Canada to adopt US tariff rates to world outside of USMCA trade agreement.

Let's see how it plays out, Canada's new PM likely far more practical and less ideological, so trade deals more likely.

So when the US Military Complex wants a coalition of the willing who they gunna call ?

Trump making so many enemies, even old faithful like Canada, and Australia, described by one US military person as "an easy lay "

No . I don't like that either.

Has Trump screwed with Vanuatu yet ?

Its pointless, both Incoming Canadian Prime Minister Mark Carney, outgoing Justin Trudeau are being outmaneuvered, President Trump is slippery, a gambling risk taking. bluffing blagger.

Also a consummate survivor, how many times has Trump escaped every attempt to lock him up, only to become President, it wasn't luck, for sure.

According to the latest Gallup Poll, Trump's approval ratings stand at 45% which is only slightly down from his overall second-term average of 46%. The historical average of presidents stand at 52%. And while 45% seems quite good, it is historically lower than most presidents in their first quarter of their term.

https://news.gallup.com/poll/203198/presidential-approval-ratings-donald-trump.aspx