"President Donald Trump on Tuesday ramped up a burgeoning trade war with Canada ...
Trump announces more tariffs on Canada and says, "The only thing that makes sense is for Canada to become our cherished Fifty First State."
-- Aaron Rupar (@atrupar.com) March 11, 2025 at 10:02 AM
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Heck of a job, DonOLD. PS this will really convice people we should privatize Social Security so that money can be put in the stock market:
S&P 500 Drops to Record Low As Trump Escalates His Trade War
New YORK--The S&P 500 has dropped more than 10% below its record following President Donald Trump's latest escalation in his trade war.
The S&P 500 earlier sank as much as 1.5% Tuesday before paring its loss to 1.4%, which put it 9.9% below its record. The Dow Jones Industrial Average was down 711 points, or 1.7%, as of 1:32 p.m. Eastern time, and the Nasdaq composite was 1.2% lower.
The drops came after Trump said he would raise tariffs on steel and aluminum coming from Canada, doubling their planned increase to 50%. The president said it was a response to moves a Canadian province made after Trump began threatening tariffs on one of the United States' most important trading partners.
time.com
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