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.

    • aesthelete@lemmy.worldEnglish
      40·
      12 hours ago

      GDP is largely a bullshit metric anyway.

      Two economists are walking in a forest when they come across a pile of shit.

      The first economist says to the other “Ill pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.

      They continue walking until they come across a second pile of shit. The second economist turns to the first and says “l pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit.

      Walking a little more, the first economist looks at the second and says, “You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. can’t help but feel like we both just ate shit for nothing.” “That’s not true”, responded the second economist. “We increased the GDP by $200!”

    • Teknikal@eviltoast.orgEnglish
      8·
      16 hours ago

      All based on the dollar belling the oil reserve currency, when other countries switch America’s going to be the first fourth world country.