Escalation of tariffs on steel, aluminium etc of 50% on Canada.

I’m just glad I’m not in the USA, we will feel the significant ripple effects, but it’s so much worse without healthcare or state support for the struggling there.

Casdon

Everything isn’t looking still fine Norah. To quote CNN, the warning lights are flashing red.
edition.cnn.com/2025/03/17/business/economy-trump-wall-street/index.html
The markets are definitely jittery, and unless the tariff fiasco ends, they will drop.

The markets are all over the place, jittery for sure. However, the market is always a gamble, a choice. Sell shares, put cash in secure savings because POTUS tariffs (and other agendas) are quite worrisome.

Everything isn’t looking still fine Norah. To quote CNN, the warning lights are flashing red.
edition.cnn.com/2025/03/17/business/economy-trump-wall-street/index.html
The markets are definitely jittery, and unless the tariff fiasco ends, they will drop.

The Dow Jones is up 225 already today.

Six months is + 107.

Everything is still fine, may not stay that way - Gamblers and traders may lose if they buy in a brazenly stupid manner.

rocketship

David49

So many posts on GN are total nonsense, the US is not in free fall
The Dow Jones is higher than a year ago, the NASDAQ is 10% higher, even the hated Tesla shares are 50 % higher than a year ago, all that’s happened is that the bubble has deflated somewhat. Some speculators/gamblers have lost money, tough I’m not going to mourn their losses.

Sorry..... Your post is soooo upside down, I can't believe you may actually have typed it with a straight face!!!

All my statements I made above are true and up to date, we will see what happens next

I think that the Auld Alliance is only known about in Scotland. Count us out when it comes to animosity regarding the French.

Actually French people are very fond of us Scots. It used to be known as The Auld Alliance. Talking in generalisations doesn't help anyone.

All the Canadians I have ever come across have disliked the US. Nothing new there, just more depth and reason for their dislike. Same as so many French people dislike the British but like Australians. Historical stuff. Amusing in some ways.

David49

So many posts on GN are total nonsense, the US is not in free fall
The Dow Jones is higher than a year ago, the NASDAQ is 10% higher, even the hated Tesla shares are 50 % higher than a year ago, all that’s happened is that the bubble has deflated somewhat. Some speculators/gamblers have lost money, tough I’m not going to mourn their losses.

Sorry..... Your post is soooo upside down, I can't believe you may actually have typed it with a straight face!!!

Trump has now shut down Voice of America.

“The decision to dismantle one of America’s greatest national assets will inflict profound harm on the U.S. image, its global interests, and the promotion of democratic values — damage that no adversary could ever achieve,” Elez Biberaj, who briefly served as Voice of America’s acting director and retired in 2023, said in a social media post.

So many posts on GN are total nonsense, the US is not in free fall
The Dow Jones is higher than a year ago, the NASDAQ is 10% higher, even the hated Tesla shares are 50 % higher than a year ago, all that’s happened is that the bubble has deflated somewhat. Some speculators/gamblers have lost money, tough I’m not going to mourn their losses.

Just watching American country music (one of the good things to come out of the U.S.)
I’d love to know what Canadian products we can buy. It’s a pity I can’t afford to replace my Apple phone with a non-U.S. brand. 🙄

(never mind the garbled Trump-speak!)

I found it was difficult tat Trump could say that about the media, and rocketship, but was shocked that its true

"Donald Trump expanded on his threats to the media on Friday, suggesting actions of the press should be deemed illegal and subject to investigation.

“I believe that CNN and MS-DNC, who literally write 97.6% bad about me, are political arms of the Democrat [sic] party and in my opinion, they’re really corrupt and they’re illegal, what do they do is illegal,” the president said during a contentious speech at the Department of Justice.

“These networks and these newspapers are really no different than a highly paid political operative,” Trump continued, claiming that CNN and MSNBC are corrupt.

“And it has to stop, it has to be illegal, it’s influencing judges and it’s really changing law, and it just cannot be legal. I don’t believe it’s legal, and they do it in total coordination with each other,” he added"

They've started taking action on it - I've put more over on the Trump thread

and this is the country that lectures us on freedom of speech!

If it wasn't sooo preposterous a lie, folks would actually think that the pooor USA was being taken advantage of by Canada.

Trump is a lying loose cannon directing lies, accusations, and threats liberally in every direction, including at folks in his own country.

He just the other day said that criticisms of him by the media should be illegal.

Canada tried hard initially to avoid a tariff war through diplomatic negotiations, but Trump would have none of it.

Lately he has said that the USA doesn't need Canada. If that is so, why is he threatening us with annexation.
If economic tariffs don't work, is a military invasion possible? With this insane man, don't think it isn't possible!

We have the natural resources he wants~~

*We didn't start this, but we also are not going to back down from the fight.

New to Gransnet, but I would have loved to have just given you a thumbs up as I totally agree with you - we need to stand together and support Canada being in the Commonwealth. This will bring us back closer to Europe - as David McWilliams said in his latest podcast - JD Vance (and I won't repeat what he described him as) has done more than any European to reunite Germany. One German company this week saw their share price jump over 70% - unfortunately they are arms manufacturers. It is so sad to think that in the 21st Century, that war is back in Europe, and who knows where it is going to end, and all because of the greed of men!!

Trump is a little bitch.

FriedGreenTomatoes2

Canada cannot win this tariff war.

I'd not count on Canada losing the tariff war.

Each country have what the other needs.

economics.td.com/ca-canada-us-trade-balance

FriedGreenTomatoes2

Canada cannot win this tariff war.

If we all stop buying American goods, and continue to buy Canadian, it should help.

Trump has also threatened to increase tarifs on goods from the EU - good luck with that one!

He is a bully, and if he has been less to the fore for the last few days, I have not noticed any diminuition, it may be because people have started telling him, he can't have everything he wants.

And talking of state visits - I doubt he will be welcome in Denmark, as long as he is trying to grab Greenland. A very tricky situation, as King Frederik X is fond of Greenland, and many Greenlanders love him, so it will be interesting to see what Denmark's Foreign Office does about inviting Trump.

FriedGreenTomatoes2

Less than 1% down?

Best still to look through months, in my opinion. The graph of the dow, since 6 months show only 135 down. Many ups and downs between.

POTUS is using the dow well as a smokescreen, attempting to obscure.

www.google.com/search?q=dowjones&rlz=1CAXCFT_enUS1113&oq=dowjones&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCDUyNTdqMGoxqAIAsAIA&sourceid=chrome&ie=UTF-8

Trump is never happy, unless he is being praised by scared sycophants.

Trump is not happy with the 41 billion trade deficit with Canada.

fancythat

Barleyfields

I wouldn’t call it free fall, but it’s certainly dived.

Yes. About 10% in 3 weeks.

From the Nov 6, 2024 (election day) 43700 dow to yesterday 41500 dow, it seems the market is correcting. However it's certainly not a free fall. In fact the dow is only off 135 over last 6 months.

Norah

Wyllow3

Government by fits of pique - wonderful.

I wonder when POTUS started intensely disliking Canada. He's a small, prideful, spiteful, person, easily made jealous of nothing.

x.com/DeanObeidallah/status/1165953452838703104

Courtesy of our youngest ^^