Trump says he's doubling steel and aluminum tariffs to 50% starting next week What effect could this have on the global economy? Canadian industry says new steel tariffs will cause 'mass disruption'.

Last Updated: 03.07.2025 00:54

Trump says he's doubling steel and aluminum tariffs to 50% starting next week What effect could this have on the global economy? Canadian industry says new steel tariffs will cause 'mass disruption'.

I think the effect on the global economy will be minimal. Canada will simply find new markets for their steel. Life will go on for Canada and the rest of the world. Disruption will be brief and transitory.

Well. America voted Trump in. Again. Knowing what Trump is. Inexcusable stupidity comes with a price. In this case, literally a price.

The effect on the American market will be disastrous inflation. Canada used to give us a friendship discount. That's dead. The tariff will function as a sales tax, payed by the consumer. Everything made with steel or aluminum will be more expensive. The sad part is that this economic wound is entirely self inflicted.

What do you think of Hegseth calling The Atlantic journalist Jeffrey Goldberg, "a deceitful and highly discredited so-called journalist who has made a profession of peddling hoaxes” after team Trump texted him their top-secret war plans on Yemen?