And now the Trumpty Dumpster is trying to proclaim that boycotts are illegal.
Didn’t the US boycott Cuban everything for like…60 plus consecutive years? In all fairness though, Cuba didn’t have a free trade agreement with America that could be violated by either party…
Trump again repeated Tuesday his erroneous claim that the U.S. is "subsidizing" Canada by $200 billion a year — a claim he has made by calling that the trade deficit with Canada, when in fact U.S. data shows that the trade deficit is around $63 billion, and once energy exports are removed from the equation, the U.S. actually has a goods trading surplus with Canada.
In other words, in the big picture, without counting oil and gas, Americans actually sell more to Canada than Canada sells to the U.S. but…
Trump expressed fury at the move by Ontario to make electricity more expensive and doubled his own penalty on Canadian metals.
apple.news
Trump is under pressure to show he has a legitimate plan to grow the economy instead of perhaps pushing it into a recession. He’s set to deliver a Tuesday afternoon address to the Business Roundtable, a trade association of CEOs that he wooed during the 2024 presidential campaign with the promise of lower corporate tax rates for domestic manufacturers.
Economists almost universally agree that Trump’s tariffs on Canada, Mexico, China, steel and aluminum — with plans for more to possibly come on Europe, Brazil, South Korea, pharmaceutical drugs, copper, lumber and computer chips — would amount to a massive tax hike.
The U.S. stock market was sinking further Tuesday after Trump said he would double tariffs on Canadian steel and aluminum, continuing a more than week-long downward trend.
apple.news