Trump's Throwing Shade: Canada's Getting Hit with Mad Taxes π¨π¦β‘οΈπΈ
Trade war deepens: Trump targets Canada with new import taxes. Okay, so Trump's about to hit Canada, Brazil, Japan, and South Korea with hella tariffs. Canada's Prime Minister is big mad, but Trump's like, "Fix the fentanyl sitch or the taxes stay." Could be a major L for our wallets tho.
TL:DR
Okay, so Trump's about to hit Canada, Brazil, Japan, and South Korea with hella tariffs. Canada's Prime Minister is big mad, but Trump's like, "Fix the fentanyl sitch or the taxes stay." Could be a major L for our wallets tho.
The Tea is Piping Hot π₯
Yo, so the former Prez just dropped a bomb: he's slapping mad tariffs on a bunch of countries, starting August 1st. Canada's getting hit with a 35% tax on their stuff coming into the U.S. Brazil's looking at a 50% tax, and Japan and South Korea are gonna see a 25% hike. It's giving trade war, fr.
Canada's Prime Minister basically said, "Nah, we ain't having it." They're gonna keep fighting for their peeps and businesses, which is the right move. Apparently, Trump's saying if Canada doesn't step up its game on stopping fentanyl from crossing the border, the tariffs are gonna stay. It's a whole power play, no cap.
But here's the sus part: economists are saying these tariffs might end up costing *us* more. Like, companies might raise prices to cover the extra taxes, which means we're the ones paying for it in the end. That's a major L if you ask me. Plus, he threatened Canada with even HIGHER taxes if they try to tax us back!
The stock market is already side-eyeing the whole thing. Stock futures dipped, probably 'cause investors are stressed about what this all means for the economy. It's messy, and we gotta keep our eyes peeled to see how it all shakes out.
Abbreviations Glossary
Abbreviation | Full Form |
---|---|
Throwing Shade | Publicly denouncing or disrespecting someone |
Mad | A lot of |
Hella | Very or a lot |
It's giving | Expressing what the vibe or mood is |
Fr | For real |
Nah, we ain't having it. | Not agreeing with something. |
No cap | No lie; for real. |
Sus | Suspicious. |
Major L | Big loss or failure. |