Trump imposes 25% tariffs on all products Americans buy from Canada, Mexico and EU. 10% on China || Can & Mex respond: 25% | China responds: 15%
- Thread starter ReasonableMatic
- Start date
so america is at a tariff war with china,EU,canada,mexico
Investors say it's time to take Trump seriously as markets recoil
By Tom Westbrook and Ankur Banerjee
March 4, 20255:26 AM ESTUpdated 6 hours ago
Item 1 of 2 A "Make America Great Again" hat, in support of U.S. Republican presidential nominee and former U.S. President Donald Trump, is seen on display on the trading floor at The New York Stock Exchange (NYSE), in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly/File Photo
[1/2]A "Make America Great Again" hat, in support of U.S. Republican presidential nominee and former U.S. President Donald Trump, is seen on display on the trading floor at The New York Stock Exchange (NYSE), in New York City, U.S., September 18, 2024. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights
, opens new tab
- Summary
- 'Trump trade' in reverse
- Dollar down; Investors snap up 10-year Treasuries
- 10-yr yield hits lowest since October
SINGAPORE, March 4 (Reuters) - Markets no longer think Donald Trump is full of bluster and are moving quickly to anticipate a slowdown in U.S. and global growth as he raises a wall of tariffs around the world's biggest economy and trading partners start to respond in kind.
Six weeks into his second term, the U.S. president has hit imports from Mexico and Canada with 25% levies, put an additional 20% tariff on goods from China, threatened reciprocal tariffs globally and cut off military aid to Ukraine.
But instead of the rising yields and higher dollar that investors had wagered on in November, the so-called "Trump trade" is in full retreat.
Trade conflict has begun in earnest and the dollar is falling while bond yields dive.
U.S. allies are rattled. As Goldman Sachs analysts note, the average tariff rate on imports from China is now 34% and the increase is already roughly twice as large as that in the first Trump administration. Nobody wants to bet anymore that there will be swift compromises or deals.
"It is difficult for markets to get on with aggressive positioning given the risk of U.S. tariff policies turning on a dime," said Chang Wei Liang, currency and credit strategist at DBS.
"In credit markets, spreads certainly look too low given the change in risk environment and a more adverse and uncertain trade backdrop."
Volatility gauges for Treasuries (.MOVE)
, opens new tab and for U.S. (.VIX), opens new tab and Japanese stocks (.JNIV)
, opens new tab hit their highest levels of the year this week and implied volatility in currencies ticked higher.
Stocks and bond yields slid on Tuesday as investors globally ducked for cover.
Defence stocks ran higher, while shares in technology companies slumped. As China announced retaliatory tariffs and Mexico and Canada prepared their responses, investors reckoned on a global growth slowdown and upped expectations for U.S. rate cuts.
Futures pricing still implies about 75 basis points of U.S. cuts this year, up from about 50 bps two weeks ago, while 10-year yields hit a 4-1/2 month low of 4.115%.
Investors see an uncertain outlook where shelter lies in defensive sectors such as real estate or healthcare. And, while protected companies such as U.S. steelmakers may prosper, higher prices will flow along supply chains with unpredictable effect.
"I'm spending a lot of time talking to CEOs who are really trying to understand the consequence of some of this," said Goldman Sachs CEO David Solomon at conference in Australia.
"Until there's more certainty, we have a little bit more runway time. I think we're going to live with a slightly higher level of volatility. But I think he (Trump) has a purposeful direction that he's pursuing, and we should take him at his word that he's going to pursue that direction."
DIFFICULT TO TRADE
The fall in the dollar has been one of the most eye-catching reversals as conviction turns to confusion in currency trade.
What had, in January, been speculators' largest long-dollar bet in nearly a decade has rapidly unwound - so much so that, as of last week, speculators were short dollars against emerging market currencies and held a record long yen position .
Against the euro , the dollar is down nearly 1% in two trading sessions as the fall in U.S. yields has coincided with rises for European yields since the continent prepares to ramp up defence spending while Trump backs away from Ukraine.
At the White House, Trump took aim at China and Japan for holding their currencies too cheap. In fact, the yuan , against a basket of trading partners' currencies, is historically firm and Japan has been intervening in recent years to buy the yen .
But on Tuesday, as the dollar fell, Nomura's global head of foreign exchange flow, Hoe Lon Leng, said it seemed like the "final blow" for those hoping for a higher dollar.
"That argument is waning and we keep seeing the price action move the other way," he said, noting that if both China and the U.S. did not want to see the dollar go higher against the yuan "then it is going to go lower".
To be sure, market gyrations have not been enormous and plenty of analysts do still see room for trade negotiations and an exit ramp from escalation. But the policy whiplash has gnawed away at hopes investors had in a breakthrough deal.
And nobody can say they are sure Trump is bluffing.
"The threat of tariffs has run its course for now, so the next phase is to endure them," said Jamie Cox, managing partner at Harris Financial Group in Richmond, Virigina.
"Markets have to price in that reality, and those numbers are painted red."
@drgta613 hours ago
Tariffs for Cambodia incoming.
Read more
182
17
@mynvision11 hours ago
Only if Trump realizes it. He's too stupid to even know where Cambodia is located.
15
blockburna420
Consecutive thumbs up
null
...
a breh is off to europe this weekend.
anyone need me to bring anything back.
for context
Canadian provinces ban sale of US alcohol in retaliation to tariffs - The Times of India
US News: Ontario and Quebec, along with several other Canadian provinces, banned the sale of US alcohol on Tuesday in response to import tariffs imposed by US .
timesofindia.indiatimes.com
Canadian provinces ban sale of US alcohol in retaliation to tariffs
TOI World Desk / TIMESOFINDIA.COM / Updated: Mar 5, 2025, 04:18 IST
Ontario and Quebec, along with several other Canadian provinces, banned the sale of US alcohol on Tuesday in response to import tariffs imposed by US President Donald Trump.
"This is an enormous hit to American producers," Ontario Premier Doug Ford said whilst announcing the measures implemented by Canada's largest province.
The publicly managed Liquor Control Board of Ontario (LCBO) annually sells US alcohol products valued at nearly one billion Canadian dollars ($688 million), according to Ford.
Earlier in the day, the LCBO's website displayed a notice indicating the removal of "US products in response to US tariffs on Canadian goods."
Quebec authorities instructed the provincial alcohol distributor to cease supplying American alcoholic beverages to shops, bars and restaurants. Manitoba's Premier Wab Kinew announced: "We are taking US alcohol off the shelves."
British Columbia's provincial government announced its liquor distributor would "stop buying American liquor from 'red states'," referring to states supporting Trump's Republican Party.
During his final days in office, Trudeau declared in a direct news conference that Canada would impose retaliatory tariffs exceeding $100 billion on American goods in response to Trump's 25% tariffs.
“Today the United States launched a trade war against Canada, their closest partner and ally, their closest friend. At the same, they are talking about working positively with Russia, appeasing Vladimir Putin, a lying, murderous dictator. Make that make sense,” Trudeau stated with visible anger.
Trump implemented tariffs against his nation's primary trading partners, prompting immediate countermeasures from Mexico, Canada and China, causing market instability. After midnight, Trump imposed 25% tariffs on Mexican and Canadian imports, whilst limiting Canadian energy tariffs to 10%.
"What he wants to see is a total collapse of the Canadian economy because that will make it easier to annex us," Trudeau stated. "That is never going to happen. We will never be the 51st state," he continued.
"I want to speak directly to one specific American, Donald. It’s not in my habit to agree with the Wall Street Journal, but Donald, they point out that even though you’re a very smart guy, this is a very dumb thing to do," Trudeau added.
some people might not understand that the Canadian government hit American businesses directly since many Canadian provinces have government-controlled liquor boards that act as major importers:
Liquor Control Board of Ontario (LCBO)
Société des alcools du Québec (SAQ)
BC Liquor Distribution Branch (BCLDB)
Nova Scotia Liquor Corporation (NSLC)
New Brunswick Liquor Corporation (ANBL)
so they buy the alcohol directly and sell it to stores and distributors in their provinces. so it's not even Canadians paying more via tariffs , they're not paying at all.
Liquor Control Board of Ontario (LCBO)
Société des alcools du Québec (SAQ)
BC Liquor Distribution Branch (BCLDB)
Nova Scotia Liquor Corporation (NSLC)
New Brunswick Liquor Corporation (ANBL)
so they buy the alcohol directly and sell it to stores and distributors in their provinces. so it's not even Canadians paying more via tariffs , they're not paying at all.
Aaron Rupar (@atrupar.com)
Trudeau: "Every country is very aware that if the American government is willing to do this to their own closest ally, neighbor, and friend, everyone is vulnerable to a trade war."
bsky.app
1/30
atrupar.com
Trudeau: "Every country is very aware that if the American government is willing to do this to their own closest ally, neighbor, and friend, everyone is vulnerable to a trade war."
https://video.bsky.app/watch/did:pl...gphqarepuxrgekmqsfnw25hpouwprku/playlist.m3u8
2/30
fordskrackpipe.bsky.social
Be sure to vote for Mark Carney in the Liberal Leadership race as the candidate who can beat Bluesky .
How To Vote | Liberal Party of Canada
3/30
bonidale.bsky.social
This Canadian is getting sick and tired of our Prime Minister being addressed as "Governor." "Donald " doesn't deserve the title "President." Not until he resigns or puts the American people before his party sycophants.
4/30
gernesto.bsky.social
LETS HAVE A CONTEST
What title would best suit the bleached, blow-dried, hair-sprayed, orange tub if lard?
5/30
stephaniebalens.bsky.social
Cheesus
6/30
laberdog.bsky.social
The US is THE most unreliable “friend” on the planet and is creating a global recession on purpose to help fascism grow in America
7/30
fourstiks.bsky.social
we are so fukked!
8/30
docjerr.bsky.social
This tariff BS is another 47 dodge and weave. He will cave shortly. Remember the real agenda. This administration's main goal is to undermine democracy worldwide. Chaos and fear are his tools, if he gets enough fear, he can institute martial law. Don't let the chaos and smokescreens fool you.
9/30
stephanephame.bsky.social
Trump intends to Annex Canada. He's been very clear about that. Canada has been very clear about that. Navarro insisted that Canada had to agree to redraw their border as part of the negotiations, so Canada pulled their delegates. They're not in contact with the WH
https://www.bloomberg.com/news/arti...-in-trade-war-is-to-annex-canada-trudeau-says
10/30
joshyman-55.bsky.social
Good speech PM Trudeau. I’ll always stand with Canada. Let Canada stay as an independent nation instead of being the 51st State of America. Let Canada be at 1st!
11/30
imchikc.bsky.social
Not every country. Russia will do just fine. Bluesky
12/30
brownejax2024.bsky.social
I stand behind Canada
13/30
addiemarie.bsky.social
Same here
14/30
marhug.bsky.social
Remember when MrTrump signed the NAFTA agreement with Mexico & Canada, the same agreement he negotiated and now says was a bad deal, and the great deal-maker went and signed it in the wrong place.
15/30
gernesto.bsky.social
His wife was waving around something that she signed a couple of days ago. Her signature, 3" high and half the width of the page - in black Sharpie, no less - looks like Donny-boy showed her how it's done. Either that or he signed the damn thing for her! Lol.
16/30
compactlaw.bsky.social
I know its far easier to transport oil and gas from Canada to the US. But, if I was in the Canadian government I would be looking for alternative markets. Europe needs a reliable source of oil and gas.
17/30
stephanephame.bsky.social
Canada is in active negotiations with the EU
18/30
erreb.bsky.social
Shocking to see Trump attacking American allies and appeasing American enemies.
The position as leader of the free world is vacant.
19/30
markjbaxter.bsky.social
Respectfully, maybe one thing Americans can start doing is stop calling yourselves leader of the free world. Just because you’re bigger than the rest of us doesn’t mean you’ve been leading us. That’s just one of the lies you people were taught.
20/30
travlinnseed.bsky.social
Social contracts worldwide point to our, often, having been a leader who walks amongst the led, cancellation of those contracts and the reactions will require a lot of history pages.
21/30
richardthunderbay.bsky.social
From this point forward, any other country would be extremely foolish to negotiate a deal with the United States, trade or otherwise. The United States is a country that does not honor its agreements and betrays its would be allies. That’s a stigma that’s going to follow the US for a very long time.
22/30
enigmaticjones.bsky.social
if I owned a large company why would I set up shop in the US?
I wouldn't be able to trust any agreements with them, nor could I be sure my raw materials were not tainted.
Nothing is inspected anymore
23/30
shannonpeel.bsky.social
They are due to the huge tax cut promise
24/30
cythyian.bsky.social
Hi beautiful..you say the right thing
25/30
angel415.bsky.social
We are experiencing a coup, and this is how the tyrant stops our allies from assisting us.
26/30
signalman67.bsky.social
When you watch the "presidential" speech tonight and take a close look at each side of the aisle. One side is filled with white men and women, black men and women, brown men and women, gay people, and transgender people. The other is filled with white, evangelical, racist, homophobic, bigots.
27/30
sassyfrass1.bsky.social
28/30
gjzhoff.bsky.social
I also hope that they realize the election was stolen by Elon Musk and the Russians. The educated and intellectuals in this country did not elect this greedy, orange clown in the White House.
29/30
anniek72.bsky.social
As a Canadian, I would like to see all of us completely close America off.
No purchases, no travel, no streaming services etc. nothing.
The way we Canadians are being treated, the way our Prime Minister is being insulted by Trump and all of the cowardly Republicans is sick.
Elbows up.
30/30
poisonivy68.bsky.social
The whole world should boycot the US and no longer buy American items, online or in shops. They already pay about USD 12,- for 1 dozen of eggs. The rest will get higher prices automatically. Then we'll see how happy the Americans are with Trump and f*Elon. They'll probably get chased out of US.
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
atrupar.comTrudeau: "Every country is very aware that if the American government is willing to do this to their own closest ally, neighbor, and friend, everyone is vulnerable to a trade war."
https://video.bsky.app/watch/did:pl...gphqarepuxrgekmqsfnw25hpouwprku/playlist.m3u8
2/30
fordskrackpipe.bsky.socialBe sure to vote for Mark Carney in the Liberal Leadership race as the candidate who can beat Bluesky .
How To Vote | Liberal Party of Canada
3/30
bonidale.bsky.socialThis Canadian is getting sick and tired of our Prime Minister being addressed as "Governor." "Donald " doesn't deserve the title "President." Not until he resigns or puts the American people before his party sycophants.
4/30
gernesto.bsky.socialLETS HAVE A CONTEST
What title would best suit the bleached, blow-dried, hair-sprayed, orange tub if lard?
5/30
stephaniebalens.bsky.socialCheesus
6/30
laberdog.bsky.socialThe US is THE most unreliable “friend” on the planet and is creating a global recession on purpose to help fascism grow in America
7/30
fourstiks.bsky.socialwe are so fukked!
8/30
docjerr.bsky.socialThis tariff BS is another 47 dodge and weave. He will cave shortly. Remember the real agenda. This administration's main goal is to undermine democracy worldwide. Chaos and fear are his tools, if he gets enough fear, he can institute martial law. Don't let the chaos and smokescreens fool you.
9/30
stephanephame.bsky.socialTrump intends to Annex Canada. He's been very clear about that. Canada has been very clear about that. Navarro insisted that Canada had to agree to redraw their border as part of the negotiations, so Canada pulled their delegates. They're not in contact with the WH
https://www.bloomberg.com/news/arti...-in-trade-war-is-to-annex-canada-trudeau-says
10/30
joshyman-55.bsky.socialGood speech PM Trudeau. I’ll always stand with Canada. Let Canada stay as an independent nation instead of being the 51st State of America. Let Canada be at 1st!
11/30
imchikc.bsky.socialNot every country. Russia will do just fine. Bluesky
12/30
brownejax2024.bsky.socialI stand behind Canada
13/30
addiemarie.bsky.socialSame here
14/30
marhug.bsky.socialRemember when MrTrump signed the NAFTA agreement with Mexico & Canada, the same agreement he negotiated and now says was a bad deal, and the great deal-maker went and signed it in the wrong place.
15/30
gernesto.bsky.socialHis wife was waving around something that she signed a couple of days ago. Her signature, 3" high and half the width of the page - in black Sharpie, no less - looks like Donny-boy showed her how it's done. Either that or he signed the damn thing for her! Lol.
16/30
compactlaw.bsky.socialI know its far easier to transport oil and gas from Canada to the US. But, if I was in the Canadian government I would be looking for alternative markets. Europe needs a reliable source of oil and gas.
17/30
stephanephame.bsky.socialCanada is in active negotiations with the EU
18/30
erreb.bsky.socialShocking to see Trump attacking American allies and appeasing American enemies.
The position as leader of the free world is vacant.
19/30
markjbaxter.bsky.socialRespectfully, maybe one thing Americans can start doing is stop calling yourselves leader of the free world. Just because you’re bigger than the rest of us doesn’t mean you’ve been leading us. That’s just one of the lies you people were taught.
20/30
travlinnseed.bsky.socialSocial contracts worldwide point to our, often, having been a leader who walks amongst the led, cancellation of those contracts and the reactions will require a lot of history pages.
21/30
richardthunderbay.bsky.socialFrom this point forward, any other country would be extremely foolish to negotiate a deal with the United States, trade or otherwise. The United States is a country that does not honor its agreements and betrays its would be allies. That’s a stigma that’s going to follow the US for a very long time.
22/30
enigmaticjones.bsky.socialif I owned a large company why would I set up shop in the US?
I wouldn't be able to trust any agreements with them, nor could I be sure my raw materials were not tainted.
Nothing is inspected anymore
23/30
shannonpeel.bsky.socialThey are due to the huge tax cut promise
24/30
cythyian.bsky.socialHi beautiful..you say the right thing
25/30
angel415.bsky.socialWe are experiencing a coup, and this is how the tyrant stops our allies from assisting us.
26/30
signalman67.bsky.socialWhen you watch the "presidential" speech tonight and take a close look at each side of the aisle. One side is filled with white men and women, black men and women, brown men and women, gay people, and transgender people. The other is filled with white, evangelical, racist, homophobic, bigots.
27/30
sassyfrass1.bsky.social28/30
gjzhoff.bsky.socialI also hope that they realize the election was stolen by Elon Musk and the Russians. The educated and intellectuals in this country did not elect this greedy, orange clown in the White House.
29/30
anniek72.bsky.socialAs a Canadian, I would like to see all of us completely close America off.
No purchases, no travel, no streaming services etc. nothing.
The way we Canadians are being treated, the way our Prime Minister is being insulted by Trump and all of the cowardly Republicans is sick.
Elbows up.
30/30
poisonivy68.bsky.socialThe whole world should boycot the US and no longer buy American items, online or in shops. They already pay about USD 12,- for 1 dozen of eggs. The rest will get higher prices automatically. Then we'll see how happy the Americans are with Trump and f*Elon. They'll probably get chased out of US.
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
Last edited:
Jon Cooper (@joncooper-us.bsky.social)
Seen yesterday on a public bus in Heidelberg, Germany.
bsky.app
1/30
joncooper-us.bsky.social
Seen yesterday on a public bus in Heidelberg, Germany.
2/30
the-art-of-hobbes.bsky.social
A university town, no less. 🥹 Danke schön.
3/30
meggies123.bsky.social
4/30
bdbguy.bsky.social
So true!
5/30
munbosrock.bsky.social
People of the free world are angry. The USA has put everyone in danger of WW3. It would not be evident who would win but with China, North Korea, and Russia, the USA could bring down democracy. Dictatorships rarely last because humans are meant to be free.
6/30
penny-royaltea.bsky.social
China will be with Europe. China wants to bring the US down.
7/30
arcstrike.bsky.social
8/30
wokefriends.bsky.social
9/30
pinehavenlodge.bsky.social
Don’t tease me.
10/30
utinam.bsky.social
Was going to say the same. Why is he still breathing? He eats nothing but KFC and McDonald's for decades.
11/30
aspectratios.bsky.social
12/30
utinam.bsky.social
Please be careful. Trump wants an excuse to shoot protesters
13/30
jbennett22.bsky.social
I'd pay more in taxes to see that here . . . PLEASE
14/30
theopilis.bsky.social
AFREAKINMEN!!!
15/30
thesugermeyer.bsky.social
Heidelberg was always beautiful. But now…das beste!
16/30
bdbguy.bsky.social
This is awesome!!
17/30
ww29lm.bsky.social
Priceless!!!
18/30
piverson.bsky.social
Is that A I ??!!
19/30
letgar62.bsky.social
I love Germany!
20/30
capecodcritter.bsky.social
The whole free world Trump.
21/30
nemi2009.bsky.social
Love it
22/30
sanityrules.bsky.social
Wunderbar!
23/30
bonkski.bsky.social
Bwahaha, great pic! You saw this already? She will love it! Slava Bonkus #ElonSucksSoHard (@bonkski.bsky.social)
24/30
coolhand3333.bsky.social
25/30
lonelyspoon.bsky.social
Yeah, "They love me in Europe, you know?"
26/30
tennesseebluequeen.bsky.social
Seen Monday at Düsseldorf Karneval
27/30
jmohamel.bsky.social
My absolute favourite german city now even better.
28/30
kellysparkles.bsky.social
Love to see it!
29/30
angelbeliever.bsky.social
Never saw Biden nor a diapered Biden in a float over in Europe! The float of DonOld is showing up again. DJT does not speak for the majority. 82% r for Ukraine the 18% r just for power.
30/30
tennesseebluequeen.bsky.social
Germans know a thing or two about fascism. They also know a thing or two about Russia.
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
joncooper-us.bsky.socialSeen yesterday on a public bus in Heidelberg, Germany.
2/30
the-art-of-hobbes.bsky.socialA university town, no less. 🥹 Danke schön.
3/30
meggies123.bsky.social4/30
bdbguy.bsky.socialSo true!
5/30
munbosrock.bsky.socialPeople of the free world are angry. The USA has put everyone in danger of WW3. It would not be evident who would win but with China, North Korea, and Russia, the USA could bring down democracy. Dictatorships rarely last because humans are meant to be free.
6/30
penny-royaltea.bsky.socialChina will be with Europe. China wants to bring the US down.
7/30
arcstrike.bsky.social8/30
wokefriends.bsky.social9/30
pinehavenlodge.bsky.socialDon’t tease me.
10/30
utinam.bsky.socialWas going to say the same. Why is he still breathing? He eats nothing but KFC and McDonald's for decades.
11/30
aspectratios.bsky.social12/30
utinam.bsky.socialPlease be careful. Trump wants an excuse to shoot protesters
13/30
jbennett22.bsky.socialI'd pay more in taxes to see that here . . . PLEASE
14/30
theopilis.bsky.socialAFREAKINMEN!!!
15/30
thesugermeyer.bsky.socialHeidelberg was always beautiful. But now…das beste!
16/30
bdbguy.bsky.socialThis is awesome!!
17/30
ww29lm.bsky.socialPriceless!!!
18/30
piverson.bsky.socialIs that A I ??!!
19/30
letgar62.bsky.socialI love Germany!
20/30
capecodcritter.bsky.socialThe whole free world Trump.
21/30
nemi2009.bsky.socialLove it
22/30
sanityrules.bsky.socialWunderbar!
23/30
bonkski.bsky.socialBwahaha, great pic! You saw this already? She will love it!
Slava Bonkus #ElonSucksSoHard (@bonkski.bsky.social)24/30
coolhand3333.bsky.social25/30
lonelyspoon.bsky.socialYeah, "They love me in Europe, you know?"
26/30
tennesseebluequeen.bsky.socialSeen Monday at Düsseldorf Karneval
27/30
jmohamel.bsky.socialMy absolute favourite german city now even better.
28/30
kellysparkles.bsky.socialLove to see it!
29/30
angelbeliever.bsky.socialNever saw Biden nor a diapered Biden in a float over in Europe! The float of DonOld is showing up again. DJT does not speak for the majority. 82% r for Ukraine the 18% r just for power.
30/30
tennesseebluequeen.bsky.socialGermans know a thing or two about fascism. They also know a thing or two about Russia.
To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196
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