Canada will retaliate with 25% tariffs on US imports and limit export of rare minerals as response to Trump tariffs! Trade war is on!

What do people on Reddit think?

🚨 Reddit sentiment: negative - The majority of comments express concerns about the negative economic impacts of the tariffs, such as market downturns and increased prices, rather than any bullish outlook. Summarized comments: - Discussion centers around potential economic impact due to tariffs between US and Canada. - Crude oil is a significant import from Canada, representing 60% of US oil imports; potential price increase expected. - Concerns about rising prices due to the disruption in the oil supply chain from Canada. - Potential for Canada to improve its oil export infrastructure to sell globally. - Speculation that markets may experience a downturn if tariffs continue. - Opinions indicate skepticism towards the administration's policies perceived as harmful to economic recovery. - Impact on the economy might influence sectors such as automotive, with a potential increase in demand for used cars.