Trump Increases Tarrifs On Steel 50% In Retaliation For Ontario Power Tarrifs

[Economy 52,853]

https://www.bnnbloomberg.ca/business/politics/2025/03/11/trump-says-he-will-double-tariffs-on-steel-and-aluminum-in-retaliation-for-ontario-energy-surcharge/

 

In response to Ontario 25% electricity surcharge on electricity as retaliation for Trumps Tarrifs, Trump is increasing the original 25% tarrifs on steel and aluminum to 50%

[River 127,429]

2 minutes ago, Economy said:

ibcrrasing

what's that

[FATCAT 60,888]

Well there goes all that new construction. We’re headed to a recession because of one man’s ego.

[Murakami27 8,468]

Time to cut the power dead ass, Dougie. 

[bionic 50,111]

2 minutes ago, River said:

what's that

french canadien

[Morphine Prince 109,656]

1 minute ago, Murakami27 said:

Time to cut the power dead ass, Dougie. 

This. Then electricity for the affected states will skyrocket. 

Canada must not back down to this dictator. 

You let him off easy once and he’ll do it again. 

[Economy 52,853]

This is gonna keep escalating

 

Obviously Canada will get hurt to a greater degree because the US is so much larger but its still bad for the US too eitherway. This benefits no one. Trump get a grip

[Economy 52,853]

7 minutes ago, River said:

what's that

Fixed

[Economy 52,853]

43 minutes ago, Morphine Prince said:

This. Then electricity for the affected states will skyrocket. 

Canada must not back down to this dictator. 

You let him off easy once and he’ll do it again. 

Plus Canada can do more harm to US than Mexico and China because our trade is a lot closer to balance (despite the crazy numbers Trump makes up)

 

Also our trade is more critical by nature because its less easily repleceable things. This hurts everyone including US

 

The US may hurt LESS than Canada because of its size but it will still hurt a fair bit

[chromattica 383]

Time for Canada to get closer to EU and Commonwealth countries. We have historical ties that can be strengthened. Honestly I would even support Canada joining EU or adopting the British Pound again. Trump wants to take us back to 1858 eh?

[Bronco 25,122]

Ford should call Trump's bluff and shut off the grid

[gumzy3000 7,901]

I am praying that Alberta puts tariffs on oil sent to the US or shuts the supply off completely. To add salt to wound, we should tariff Potash or cut off its supply too.

I hate thinking like this because I don't want normal Americans to suffer (I have a ton of American relatives myself) but your President literally sent threats to annex Canada and he started this dumb trade war! No one likes a bully and Canada is not going to just give in. 

[Economy 52,853]

4 minutes ago, gumzy3000 said:

I am praying that Alberta puts tariffs on oil sent to the US or shuts the supply off completely. To add salt to wound, we should tariff Potash or cut off its supply too.

I hate thinking like this because I don't want normal Americans to suffer (I have a ton of American relatives myself) but your President literally sent threats to annex Canada and he started this dumb trade war! No one likes a bully and Canada is not going to just give in. 

I do get worried about playing that card so early. The US can shut off vital things to us as well including Oil as well (we did not build pipeline infrastructure to where most of the population is due to opposition so dependancy on USA is what we get)

 

At the very least if we play those cards we should wait till US is in recession and already hurting and ppl had enough of it that socially they will attack and pressure Trump more

 

If we do it now his ego and his Maga base will just hit back harder out of anger

[gumzy3000 7,901]

6 minutes ago, Economy said:

I do get worried about playing that card so early. The US can shut off vital things to us as well including Oil as well (we did not build pipeline infrastructure to where most of the population is due to opposition so dependancy on USA is what we get)

 

At the very least if we play those cards we should wait till US is in recession and already hurting and ppl had enough of it that socially they will attack and pressure Trump more

 

If we do it now his ego and his Maga base will just hit back harder out of anger

Correct, timing is just as important in all of this. 

[jacs vs looser 5,122]

1 hour ago, Economy said:

This benefits no one. 

Believe it or not, this actually benefits the ultra wealthy aka Donald and Friends.

How? Instability due to tariffs makes stock markets crash, meaning stocks loose value becoming really cheap allowing for Donald and company to buy a lot, then Trump goes: "nevermind, Tariffs lifted", market recovers and they all multiply their profits. Of course, regular people suffer a lot because of this, but they have never cared about that.