50% tariffs on Canadian Steel and Aluminum; nevermind; Toddler changed his mind.

[special]

retaliation in response to 25% tax on energy exports

So much for energy independence, huh?

This feels like a teenager screaming "My dick is bigger than your dick!" in the town's public plaza.

[TheCaber]

Well, we know who is the BIGGEST dick, and he happens to have the smallest one.

The Fucking Moron®

[pdq]

… and the Dow and the S+P extend losses after yesterdays utter rout.

How much more winning can we stand?

[SteveG]

Only He Can Fix It

source CNBC
Trump raises Canadian steel, aluminum tariffs to 50% in retaliation for Ontario energy duties

+President Donald Trump said he has ordered his administration to raise tariffs on Canadian steel and aluminum imports by an additional 25%, bringing the total duties to 50%.

+Trump said he was imposing the latest tariffs in response to a decision by Ontario’s government to slap a 25% tax on electricity exports to the U.S.

+Trump also repeated his calls for Canada to be absorbed into the U.S. as the “Fifty First State.”

+Markets, already reeling from the impact of Trump’s tariffs and broader fears of a recession, sank further after the president’s post.

[Fritz]

Destabilize the western markets so agent oranges buddy pooty can destroy the rest of the world.
it's all good.

[Fritz]

"The announcement of the 25% tariff on electricity to the U.S. was made by Ontario’s premier, Doug Ford, and energy minister, Stephen Lecce, at a press conference Monday. The electricity being imported to the U.S. primarily goes to three states: New York, Michigan, and Minnesota, though customers in other neighboring states like Wisconsin will also feel the impact. At least 1.5 million Americans will see the price hike, according to Canada’s CBC.

The new tariff will add about $10 per megawatt-hour to electricity heading from Canada to the U.S., generating about $300,000 to $400,000 per day in extra revenue, according to the CBC. That money will be used to support businesses negatively affected by American tariffs imposed by Trump."

good work fat dumb f^k

[timg]

how long until Canada raises the tariff on the electricity?

[hal]

markets are turning around now - not sure why...

[AllGold]

I saw a headline that said Canada suspended their tariffs. Didn't read the story.

[pdq]

hal wrote:
markets are turning around now - not sure why...

Dow, S+P, NASDAQ all finished in the red.

Again.

Locally, Kohl’s (a lower-end department store, something like a local, midwestern Penny’s) was off 25%. Retail has not been doing well for some time, but I would guess they must have guided lower with the current economic environment.

TSLA was up - it gained back ~4% of the 15% it lost yesterday, after Trump said he would buy a Tesla (as if he actually drives). Gold again flirting with new highs.

CPI released tomorrow AM.