this post was submitted on 08 Mar 2025
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U.S. President Donald Trump said Friday that Canada has been "ripping off" the United States for years with tariffs on lumber and dairy products and threatened to place reciprocal tariffs on Canada as early as Friday.

Speaking to reporters in the Oval Office, Trump said the "tremendous tariffs" Canada imposes on U.S. dairy and lumber products made it impossible for the U.S. to sell its products in Canada. He said unless Canada agrees to drop them, he would impose the same tariff on Canada.

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[–] Litebit 5 points 9 hours ago

close the border with US, ban travel to US due to the measel outbreaks.

[–] ZephyrXero 3 points 13 hours ago

Voice of America should probably stop getting linked to for the next few years

[–] [email protected] 43 points 1 day ago (3 children)

So… he still doesn’t understand that the markets aren’t tanking because of the tariffs themselves but because of his random behaviour and outright lies?

Announcing tariffs once a month is bad enough, but this course reversal three times in one week is going to outright destroy any market confidence in his presidency.

[–] pdxfed 27 points 1 day ago

"we just need certainty" - any American CEO bleating on behalf of shareholders that were willing to risk it all on authoritarian rule assuming they'd be on the lifeboat unharmed.

[–] [email protected] 12 points 1 day ago

That's the point. They want the market to crash so they can buy everything for cheap

[–] d00phy 3 points 1 day ago

All the boycotts of US goods that I’m seeing can’t be helping, either.

[–] [email protected] 16 points 1 day ago

Remember how Trump was talking up his most excellent USMCA trade agreement? Now he doesn't like it.

[–] Litebit 18 points 1 day ago (2 children)

China will buy Canada lumber.

[–] ZephyrXero 1 points 13 hours ago

Actually China just declared tarrifs against Canada

[–] [email protected] 13 points 1 day ago

China is going to eat our lunch.

Then, stuff us into the locker after some atomic wedgies.

[–] expatriado 7 points 1 day ago

I guess fencing my backyard will have to wait