this post was submitted on 24 Jan 2025
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cross-posted from: https://lemmy.world/post/24657192

Summary

In a virtual speech at the World Economic Forum, Trump suggested Canada could become a U.S. state to avoid his proposed tariffs on imports.

The remark elicited gasps from the audience.

Trump claimed the U.S. does not need Canadian lumber, energy, or vehicles, vastly overstating the trade deficit between the two nations.

He reiterated his intention to impose tariffs, potentially as high as 25%, on imports from Canada and Mexico starting February 1.

Economists warn such tariffs would raise prices for U.S. consumers.

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[โ€“] bennieandthez@lemmygrad.ml 8 points 1 day ago (1 children)

Or better yet Trade alliance among countries who Trump charges on exports would be hillarious.

This is exactly what is happening, its the main reason of the rise of BRICS.

[โ€“] Spacehooks@reddthat.com 2 points 20 hours ago

Well that will makes things more volatile among former friendly nations.