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

Posted: Feb 02, 2025

  • Canada imposing 25% tariffs on $155 billion worth of US goods in retaliation for tariffs imposed by Trump
  • Trudeau says tariffs will take effect on $30 billion of goods initially, then a further $125 billion later
  • Canada considering limiting export of rare minerals crucial for US tech companies
  • Trade war may impact stocks in the coming days and weeks, so be cautious with portfolio positioning.


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.



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