Massive Tariffs on Canada!

Trump ups Canadian steel and aluminum tariffs to 50% in a trade war twist, hitting back at Ontario Premier Doug Ford’s 25% energy surcharge. Christopher Markowski of Watchdog on Wall Street compares it to a playground spat, predicting market chaos as Canada’s auto industry reels. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Wow that escalated quickly, eh, Samuel ron Burgundy? There?

Speaker 3 (00:20):
Yeah, tariffs escalating quickly. Yeah. Canadian steel and aluminum tariffs
to fifty percent, up from twenty five percent.

Speaker 2 (00:36):
There's that. What is his name there? He's Ford, he
is the I don't know. I don't know how Canadian
government works. They just got he's got a new prime minister,
and nobody voted for the guy for crying out loud.
I don't even know how it works, but anyway, nor
do I care. Quite frankly, this is in response to
Ontario premiere Doug Ford. Doug for who is doing his

(01:02):
best impersonation of the mouse that roared? Now familiar with
that movie was a Peter Sellers movie from way back
when when this country, tiny country in Europe, declares waram
the United States so it can be defeated and then
get all sorts of reparations. Anyway, Anyway, Ontario premiere Doug
Ford put a twenty five percent pariff on energy electricity

(01:28):
coming into the United States. In response to Trump, and
he's put out statements, I don't want to do it,
they're making me do it, but I'm going to do it.
We love the American people. And Trump said, okay, here
you go. There, you go fifty percent on aluminum and steel,
which would basically, you know, puts their entire auto industry

(01:50):
under Ah. Yes, children on the playground, fighting and fighting
and fighting and arguing. Listen, I don't know where this
is going to shake out.

Speaker 1 (02:00):
Yeah.

Speaker 2 (02:00):
Yeah, it's pretty much Captain chaos at this point in time,
and it will continue to Royal the markets watchdog on
wallstreet dot Com