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Ontario collected about $260,000 from the one day an electricity surcharge was in effect on exports to the United States

> Premier #DougFord announced on March 10 that #Ontario was placing a 25-per-cent #surcharge on #electricity the province sends to 1.5 million homes in three states as one retaliatory measure against tariffs imposed on Canadian goods by U.S. President #DonaldTrump.
theglobeandmail.com/business/a #TradeWar #Canada #tariffs

Ontario collects $260,000 from one-day electricity surcharge on U.S. exports The Globe and Mail

China's biggest banks under pressure as trade war heats up

> China Evergrande Group had 2.39 trillion yuan in debt at the end of June 2023. [..] In January 2024, a #HongKong court ordered the company to liquidate. Yet there are no signs that its debts are being disposed of in mainland #China, where most of the assets are located. archive.is/2025.04.11-183155/h #Evergrande #TradeWar #Tarrifs #banking #realestate #finance

Alrighty Then!

Treasury yields spiking—exact opposite of Trump's desired lower rates.

10Y hitting 4.5%, 30Y approaching 5%

This signals a confidence crisis. #Markets are demanding higher returns on #US #debt amid geopolitical tensions and trade uncertainty.

Not just #market #volatility—this threatens America's economic credibility on the world stage. Trump's unpredictable policies appear to be backfiring in real time.

#TradeWar #recession #stocks #bonds #finance #MAGA #DonaldTrump

"In short, the U.S. economy will suffer enormously in a large-scale trade war with China, which the current levels of Trump-imposed tariffs, at more than 100 percent, surely constitute if left in place. In fact, the U.S. economy will suffer more than the Chinese economy will, and the suffering will only increase if the United States escalates. The Trump administration may think it’s acting tough, but it’s in fact putting the U.S. economy at the mercy of Chinese escalation.

The United States will face shortages of critical inputs ranging from basic ingredients of most pharmaceuticals to inexpensive semiconductors used in cars and home appliances to critical minerals for industrial processes including weapons production. The supply shock from drastically reducing or zeroing out imports from China, as Trump purports to want to achieve, would mean stagflation, the macroeconomic nightmare seen in the 1970s and during the COVID pandemic, when the economy shrank and inflation rose simultaneously. In such a situation, which may be closer at hand than many think, the Federal Reserve and fiscal policymakers are left with only terrible options and little chance of staving off unemployment except by further raising inflation."

foreignaffairs.com/united-stat

#USA #Trump #Tariffs #TradeWar #China #Protectionism #PoliticalEconomy

Trade Wars Are Easy to LoseForeign Affairs

Breaking news out of China, they announced that they will raise their tariffs on US imports from 85% to 125% to match the US. Meanwhile the US is raising tariffs on Chinese goods from 125% to 145%.

These tariffs are changing so fast its making my head spin trying to keep up with it 🥴

apnews.com/article/china-us-tr

#Trump #China #Uspol #tradewar #trumptariffs #gop #tariffs

Trade war escalates as China raises retaliatory tariffs on US goods to 125%AP News

#WallStreet continues fall

Wall Street's indexes opened lower on Friday as #markets assessed the latest escalation in #Trump’s #TradeWar, with #China increasing its #tariffs on #US imports to 125%.
The Dow Jones Industrial Average fell 100.2 points, or 0.25%, at the open to 39493.42.
The S&P 500 fell 12.5 points, or 0.24%, at the open to 5255.56​, while the Nasdaq Composite dropped 28.8 points, or 0.18%, to 16358.532 at the opening bell.

#economy #inflation #recession #Trumpcession #ETTTTS