TL;DR

Trump, after losing face with China, threatens Canada with higher car tariffs, likely hurting American workers and consumers more than anyone else. It’s a repeat of his failed trade war playbook, and China’s probably loving it.

Story

Trump, fresh off getting schooled by China, decides to pick on Canada again, threatening to hike car tariffs. Why? “We don’t want your cars…We want to make our own cars.” His words, not mine.

It’s like the schoolyard bully, after getting pantsed by the bigger kid, turning to swat a first-grader. Except this “swatting” means potentially crippling tariffs on our northern neighbor.

This isn’t just bluster. Remember 2018? Trump slapped tariffs on Canadian steel and aluminum, claiming national security. The result? Retaliatory tariffs from Canada and Mexico, hitting US farmers hard. Déjà vu, anyone?

What’s the game here? Who knows? Maybe he thinks Canada is an easy target. Maybe it’s about looking “tough” to his base after backing down from China. Either way, it reeks of the same reckless trade war playbook that backfired spectacularly last time.

‣ Tariff: A tax on imported goods, making them more expensive.

‣ Trade War: When countries impose tariffs on each other, escalating tensions and hurting everyone involved.

The kicker? Canada buys more American cars than it makes. So, who gets hurt most? American autoworkers and consumers facing higher prices. It’s like shooting yourself in the foot while trying to punch someone else. Brilliant.

Meanwhile, China is likely watching and laughing, ready to swoop in and fill the market gap created by Trump’s antics. Just like they did last time.

The worst part? This isn’t about economics or “making America great again.” It’s about ego and short-sighted politics. And the rest of us get to pay the price.

Remember the 2008 housing crisis? Greed and deregulation fueled a bubble that burst, sending the global economy into a tailspin. This trade war nonsense has the same potential for disaster—just on a smaller scale. For now.

Advice

Don’t fall for the “tough on trade” rhetoric. Tariffs rarely work and often backfire, hurting your wallet and the economy.

Source

https://www.reddit.com/r/stocks/comments/1k6cn1c/well_that_was_a_quick_reprieve_now_car_tariffs/