U.S. President Donald Trump has imposed a new round of tariffs targeting Canada, Mexico and China.

Summary

Ontario Premier Doug Ford warned that Canada could cut electricity exports to the U.S. in retaliation for Donald Trump’s new tariffs on Canadian goods.

The U.S. imposed a 25% tariff on most Canadian imports, citing border security concerns. Ford emphasized that U.S. states like New York and Michigan rely on Canadian energy and should “feel the pain.”

Canadian officials also announced $155 billion in counter-tariffs.

If enacted, energy restrictions would likely raise prices in the U.S., escalating trade tensions between the two countries.

  • TowardsTheFuture@lemmy.zipEnglish
    191·
    7 hours ago

    Cept that is what the rich want. Shit to fall apart. Cuz then they get to buy shit up for cheap and consolidate even more wealth.

    • NocturnalMorning@lemmy.worldEnglish
      72·
      7 hours ago

      The rich aren’t going to be buying anything if the dollar is literally worthless. Hyperinflation is no joke.

      • Carmakazi@lemmy.worldEnglish
        13·
        6 hours ago

        Also, they won’t be buying anything if they become festive decorations on fences and lampposts across the country.

      • NuXCOM_90Percent@lemmy.zipEnglish
        6·
        5 hours ago

        The Rich™ want to buy the dip and buy up property (see project 2025). They need the economy to break but not to completely collapse. And then it will “bounce back” enough that they can transfer their USD to other currencies.

        Whether trump’s fucking stupidity will accomplish that seems REAL questionable.

        That said: Massive power outages (also, this is just the equivalent of a state governor with a crackhead brother saying it to appear strong to Canada’s conservatives) might be what this country needs to get out en masse in places other than the blue states.