Summary

Donald Trump will impose new tariffs on Saturday, including 25% on imports from Canada and Mexico and 10% on China, citing fentanyl trafficking as the reason.

The White House provided few details but denied reports of exemptions or delays.

The announcement caused the Dow to drop over 300 points, sparking fears of renewed inflation.

Economists warn the tariffs could disrupt trade and economic stability.

The Federal Reserve is closely monitoring the potential impact on inflation and growth.

  • blunderworld@lemmy.ca
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    12 hours ago

    I say fuckin DO IT. Itll suck in the short term. But will light a fire under our asses to pursue trade relationships with countries that arent run by a narcissistic, tiny peckered fuckwit and his nazi cronies.

    I dont hate Americans but I hate American government. Smell ya later cunts. In the meantime :

    https://madeinca.ca/

    • WeirdyTrip@lemmy.blahaj.zone
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      4 hours ago

      American here, and it is a huge hope of mine that other nations develop new business/economic relations to replace those held with the US. I want those witless troglodytes who were crying about grocery and gas prices to watch as Trump fucks them right in their wallets and walks back every other stupid shallow empty promise he made them. So please, have no mercy on American products. Cut us off. Starve the cancer.

      Edit to add: also if you guys are still serious about taking WA, OR, and CA, I will help you, haha

    • Sunshine (she/her)@lemmy.ca
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      6 hours ago

      America is going to quickly realize they need to hold Donald Trump and his cronies accountable if they want to be associated with the world’s most democratic nations.

      We will force them to follow international law whether they like it or not.