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submitted 8 hours ago by cuban_Pete@lemy.lol to c/world@quokk.au

WASHINGTON (AP) — President Donald Trump’s long-threatened tariffs against Canada and Mexico finally went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.

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[-] mc900ftJesus@lemy.lol 16 points 7 hours ago

Trade wars never really end, they just keep getting worse. Slapping tariffs on allies like Canada and Mexico is just asking for a backlash, and all it really does is make everything more expensive for regular people. Inflation’s already been rough, and now Americans are basically getting hit with a hidden tax. Meanwhile, businesses and other countries are watching this chaos and probably making plans to rely on the U.S. less. Everyone loses from this stupidity.

[-] adarza@lemmy.ca 12 points 7 hours ago

now Americans are basically getting hit with a hidden tax

most the dumfuks that voted for the fucktard in a diaper still don't understand this.

this post was submitted on 04 Mar 2025
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