thewayne: (Default)
I am shocked, shocked I say, to find that the tariffs have been altered so soon.

China is at 125%, and they've responded in kind.

Democrats had several Republicans signed on to a bill to claw back the POTUS's ability to unilaterally enact tariffs, a power normally reserved to Congress. The only reason he's been able to is he invoked an 'emergency', granting him extraordinary powers. Pretty transparent power grab is what it is.

Now, how much money did the top 0.1% make, shorting the stock market? My investment fund is down 7% since this fiasco started, 9% since he was elected to office, though it's up a tic today.

https://www.huffpost.com/entry/donald-trump-pauses-tariffs_n_67f3ecfbe4b0afc2a9d7c2a7
thewayne: (Default)
Elbows up, Canada!

New York, Michigan, and Minnesota are being hit with an export tariff on power from Canada from Ontario premier Doug Ford, in an attempt to bring the American President to the negotiating table to get him to stop this idiotic talk about tariffs and talk about making Canada the 51st state of the USA.

While I'm no fan of any Canadian politician named Ford, I think this is a great move! He is further threatening to completely stop exporting power if further threats are made against Canada. The move will generate approximately $300-400,000CA per day for Canada, which will be a nice little bonus.

Part of the Orange Dumpsterfire's justification of his moves against Canada is the "flow of fentanyl across the border", which last year, amounted to something on the order of 46 lbs. There's probably more manufactured in the USA than came across the border.

https://gizmodo.com/canada-slaps-25-tariff-on-electricity-to-americans-in-three-states-2000573857

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