February 1, 2025
Trump must be a double agent. How can you explain his actions regarding the tariffs with Canada, Mexico and China. In just 13 days as president, no leader of the free world except for Donald Trump, except for a mad man, would be doing what he has done in less than 2 weeks to hurt his own people. I warned in previous posts that this was coming.
He is causing considerable damage to the economy, and with tariffs going against Canada, Mexico and China today on February 1st, the United States economy will be in a free fall starting Monday when markets open. Watch the futures market. With the announcement of the tariffs going into effect, the stock markets ended yesterday heading in the wrong direction.
The DOW JONES Industrial Average fell 338 points, or 0.8%. The S&P 500 dropped 0.5%. The Nasdaq Composite was down 0.3%. This is just the beginning.
The new White House Press Secretary Karoline Leavitt sent stocks tumbling when she said in a ‘Presser’, that the Trump administration plans to go forward with 25% tariffs on Canada and Mexico and a 10% tariff on hind starting tomorrow, February 1st, 2025.
There has never been anything like it. On the U.S. Domestic side, he is openly taking us out of the global economy. It’s called ‘free trade’ for a reason. You can’t expect to tariff our biggest trade partners and expect the U.S. economy to survive. That is hardly what is called free trade. Every country has to bend towards Trump’s will, no matter what they think. Countries will not be bullied by Trump. He is an ass of the greatest magnitude.
Maybe the jolt in the stock market will scare Trump, because he is a weak person, and maybe the tariffs would be put off, because now there is rumor that the tariffs will be stalled until March 1st. That would be delaying the inevitable.
The president doesn’t know that the U.S. through its funding packages, through it’s social media programs, through its grants, loans is what helps make the economy hum.
Trump has initiated funding freezes, implement a deportation policy chasing critical workers through churches and schools to take them out of America. They are going underground so that they are not doing key jobs in the housing sector, food sector, or the national disaster recovery sector. The crypto-currency market is also tumbling, so now what else does he decide to do to create havoc? Of course, it’s the perfect time to tax our number one, two and number three trading partners.
As an example, Canada is our number two trading partner, after Mexico. 17.5% of our exports go to Canada. 12.6% of the goods we bring in from other countries come from Canada. Canada is extremely critical to the infrastructure of U.S. manufacturing.
They send us energy, such as electric, oil, minerals and strategic elements, which are things that our manufacturing industry use in the making of products produced in the United States. So our idiot president just decides that he wants to implement a 25% tariff on Canada, with all that on the line. Our neighbor to the north will not take this sitting down. Free trade means that you can trade with whomever you like, and if Trump is going to tariff at that level, Canada will simply go out and find new trading partners, similarly to what China has done now doing more business with Mexico and a lot less with the United States. Canada will reciprocate, They will also charge a 25% tax on goods going into the country, an whom do you think will pay for the 25% increase in goods. The U.S. taxpayer of course. So much to say that Trump is best for the economy.
All you will have to watch now is the stock markets, the prices of goods and services and the high cost of gasoline that will be on an indefinite rise. Regarding Mexico, they are big trade partners in the automotive field. Many of the components made for car are made in Mexico. There are 3 major automotive makers in Mexico, so look for much higher car prices in the very near future.
I can’t think it be any thing else except that Trump is intentionally trying to wreck the U.S. economy, and I believe he is doing this on a grand scale. He has entered a multi-faceted trade war. Is there anyone in his cabinet giving this any thought? Do they even care? It’s not going to affect the billionaire. It’s going to affect us.
The only thing I can call this would be to say that it is a grand, terrible experiment of Donald Trump, and the U.S. economy, you and I will be suffering because of Donald Trump.
For the half of the country that voted for him, buckle up and feel the pain that you have caused.