February 27, 2025
Donald Trump is determined to wreck the economy. Here is what he posted on Truth Social just moments ago. The date is February 27, 2025 at 8:05AM CT. The Dow Jones Industrial Average has taken a leap, but it was not as big as it could have been in a positive direction if Donald Trump didn’t make that tariff announcement 30 minutes before the opening bell.
Here is what Trump said in his Truth Social post…
“Drugs are still pouring into our Country from Mexico and Canada at very high and unacceptable levels. A large percentage of these Drugs, much of them in the form of Fentanyl, are made in, and supplied by, China. More than 100,000 people died last year due to the distribution of these dangerous and highly addictive POISONS. Millions of people have died over the last two decades. The families of the victims are devastated and, in many instances, virtually destroyed. We cannot allow this scourge to continue to harm the USA. And therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled. China will likewise be charged an additional 10% Tariff on that date. The April Second Reciprocal Tariff date will remain in full force and effect. Thank you for your attention to this matter. GOD BLESS AMERICA!”
So now starts. The continued downward spiral of our economy will be immediate. With Trump’s very reckless response as given in the above statement right before the markets opened today, the stock markets will immediately start their downward spiral. Great job Donald!
Canada will not sit back and neither will Mexico. They have already decided to move a lot of business away from the US because of Trumps recent threats, but now he is actually going to go through with his madness. Canada has already secured new trade with countries in the EU because of Trump’s initial threat a month ago, as oil and gas and other minerals are now leaving Canada that were originally going to go to the US, but now are going to Europe and China.
As I have been saying for quite some time now, when Trump finally pulls the trigger and actually initiates the tariffs to Canada and Mexico, those countries will reciprocate with their tariffs on goods going into the US. Trump says there will be ‘PAIN’. He is actually clueless. He has no idea how many people in the US he is hurting. Far more than the “more than 100,000 people” he will be hurting in this country which will affect free trade around the world. Unemployment will skyrocket. If US companies want merchandise from these so called tariffed countries, the companies will pay the higher prices but then pass the cost onto the American consumer.
As he states, “TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled.” The markets will not wait until that date.
They reacted today. The Dow lost 270.90 points.
On Monday, The Dow was up 131 points from Fridays close.
On Tuesday, the Dow dropped 112 points.
Wednesday, the Dow dropped 110 points.
Today the Dow dropped another 270 points.
Do you se a pattern here? The economy is about to fall of of a cliff, and it will be pushed over when Trump announces tariffs on Canada and Mexico. But Trump doesn’t care now to help the economy or the middle class.
Tourism from Canada to the US is now being discouraged in Canada. People are cancelling vacations they had scheduled in the US. So, US tourism will feel the “pain”. Not Donald Trump. He will play another game of golf today.
It never had to be this way. There is nothing but chaos in Washington D.C. at the moment. Trumps cabinet are with him ‘lock, stock and barrel’, and they seem to be determined to carry out Trumps will that will hurt this country. Democracy will now be tested unlike it has never been tested before in this country.