"The Art of the Deal" Trad War Goes Live, Markets Tank

Tuesday, March 04, 2025

President Donald Trump has officially launched a global trade war, sending markets into chaos and wiping out billions overnight. On Tuesday, the US slapped heavy tariffs on imports from Mexico, Canada, and China, with Trump confirming that no more negotiations will take place.

Posted by jpw at 03:07 AM | 3 COMMENTS | permalink | Comment on This Entry |

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The numbers are brutal: 25% on all goods from Mexico, 25% on nearly everything from Canada except energy, 10% on Canadian energy imports, and 20% on many Chinese goods. Canada immediately hit back with 25% tariffs on $155 billion worth of US exports.

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FAFO

Thanks ------.

#1 | Posted by jpw at 2025-03-04 03:07 AM | Reply

Mexico President Claudia Sheinbaum negotiated in good faith with Trumpf too, by extraditing cartel members to the US and sending more soldiers to the border. Canada stepped up against smuggling as well. There is no negotiating with Putin's asset as Trumpf was going to enact all these sanctions anyway. Since Trumpf's holdings are in real estate, a Wall Street crash doesn't affect him or the Russian oligarchs, but will hurt those of us with 401Ks. Simply put, he's America's Godzilla.

#2 | Posted by C0RI0LANUS at 2025-03-04 03:21 AM | Reply

Trump, aside from his 34 felony convictions, is a six-timer when it comes to bankruptcies.

He also managed to go broke not once, not twice but three times running gambling dens.

If he's a "businessman" he's a peas-poor one.

He's much better as a stone cold thief. At that, he excels.

#3 | Posted by Doc_Sarvis at 2025-03-04 06:41 AM | Reply