Always looking for ways to undermine our friends abroad, while pleasing our adversaries, the deranged and vindictive Malignant Fascist is imposing 50% tariffs on many Canadian goods, ostensibly in retaliation for Canada restricting U.S. goods. The tariffs would take effect in 30 days. The MF has also mused nonsensically about punishing Canada for the fires burning there which have caused smoke across the upper Midwest and east coast. From the Associated Press:
"President Donald Trump on Monday imposed 50% tariffs on most Canadian goods, declaring that Canada has unfairly discriminated against American autos, alcohol and dairy products.
The move could unleash a new wave of economic chaos, with risks of higher inflation and further fraying of relations between two nations that had been closely woven together before Trump’s return to the White House. The administration official previewing the action said that Canada was one of the only nations other than China that retaliated against Trump’s previous tariffs and must be held accountable.
The official insisted on anonymity on a call with reporters to preview the president’s actions and said that Trump signed three proclamations to launch the tariffs under Section 338 of the 1930 Trade Act. Several Democratic lawmakers last year proposed repealing the section because they said Trump could use it to destabilize the economy." (our emphasis)
Of course, this destructive action will raise prices for American consumers, and likely force Canada to impose similar tariffs on U.S. imports, all because the MF is unmoored and vengeful over the smallest perceived slight. The MF is ordering the tariffs under section 338 the 96 year old 1930 Trade Act, after having been rebuffed by the Supreme Court last February on broad tariffs that he imposed under the International Emergency Economic Powers Act, but without Congressional authorization.
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