Genius move to lose $9 trillion of actual value to try to address a smaller trade deficit that isn’t an actual debt. 🤦‍♂️

"This BBC graphic is a good way to show why reciprocal 25% tariffs will cause prices on some goods to go up far more than 25%.

A piston used in a car engine made in Michigan will cross the U.S. border twice, and will be taxed 25% each time. Some products cross more than that."
-A Melnick-Reichlin

#Tariffs will decimate the US', & many countries' economies.

#ClusterFox #TrumpTax

Via Acyn:

Fox now displaying a ticker showing the stock market tanking while #Trump is talking about #tariffs

Trump says that 25% tariffs on Mexican and Canadian imports are starting Tuesday, sparking new fears of a North American trade war

#Trump said he will announce 25% #tariffs on all imports of steel and aluminum on Monday — Bloomberg

ADDED:

MSN link:

holy shit the canadian political parties just formed like voltron
https://x.com/adamscochran/status/1885853194523152770

Welp