Trump Escalates Trade War in Response to Ontario Electricity, Says He’s Increasing Tariffs On Canadian Steel, Aluminum to 50%

12 comments

1. Regard

2. This is total suicide…US manufacturing desperately needs cheap Canadian aluminum

3. It will be interesting to see Canada’s next move. Sounds like Trump is keeping further tariffs on Autos in his backpocket to target Doug Ford’s Ontario.

   Man, I wouldn’t want to be Ford and GM’s CEOs who are directly caught in the middle of this.

4. Yes crash the market, I’m gonna buy the dip 😀 . I think Trump is doing the same for himself and his friends

5. The incredibly energy costly process of making aluminum is tariffed higher in response to getting less energy, that is required to make aluminum? What will the price of aluminum be for American manufacturers that need aluminum after this double whammy from both sides?

6. Make America Poor Again. I don’t know how the Yanks are tolerating this. Trump is making Truss look canny. Enjoy your recession lads!

7. I really think Trump is a psychological risk for gotterdammerung… I might go down but I’ll take the whole world with me.

8. Champagne corks are popping in Moscow and Beijing. North American manufacturing is about to take a nose dive.

9. How are you going to manufacture anything without energy? Ontario can remove all tariffs and just don’t sell electricity anymore.

   One of the biggest problems in Europe has been the increase of electricity prices that has made manufacturing not competitive against the US and China. People underestimate how important energy prices play a role in the production cost of goods. Industries such as the chemical sector has been forced to reduce production in Europe because of high energy prices, and in some cases, being even excluded from the energy market in order to give priority to essential services.

10. I’m Canadian and I say BRING IT. This will end up hurting the US much more than it will Canada. Quebec hasn’t even entered the chat yet. They provide even more electricity than Ontario and they export 60% of America’s aluminium. I don’t see how Trump doesn’t realize this is absolute suicide for the American economy. In Canada we’re all in on this trade war. We’ve never been so united. The rest of the civilised world stands with us (except perhaps England currently because their Prime Minister is spineless). I have no doubt in the end we will prevail. This isn’t just a temporary response. We’ve now witnessed the US become a fascist state and there’s no guarantees it will return to being a functioning democracy. Sure Trump won’t live forever, but the deliberate sabotage of the American education system will likely keep the US in a constant state of Idiocracy. Russia said YEARS ago they’d destroy the West without firing a single shot. Americans? You are here.

11. As an American, this is so freaking stupid it actually makes my brain hurt

12. Please do not post paywalled articles that are completely unreadable without registering.

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