this post was submitted on 04 Mar 2025
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Summary

Ontario Premier Doug Ford warned that Canada could cut electricity exports to the U.S. in retaliation for Donald Trump’s new tariffs on Canadian goods.

The U.S. imposed a 25% tariff on most Canadian imports, citing border security concerns. Ford emphasized that U.S. states like New York and Michigan rely on Canadian energy and should “feel the pain.”

Canadian officials also announced $155 billion in counter-tariffs.

If enacted, energy restrictions would likely raise prices in the U.S., escalating trade tensions between the two countries.

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[–] [email protected] 5 points 6 hours ago (2 children)

The rich aren't going to be buying anything if the dollar is literally worthless. Hyperinflation is no joke.

[–] [email protected] 12 points 5 hours ago

Also, they won't be buying anything if they become festive decorations on fences and lampposts across the country.

[–] [email protected] 6 points 4 hours ago (1 children)

The Rich(TM) want to buy the dip and buy up property (see project 2025). They need the economy to break but not to completely collapse. And then it will "bounce back" enough that they can transfer their USD to other currencies.

Whether trump's fucking stupidity will accomplish that seems REAL questionable.

That said: Massive power outages (also, this is just the equivalent of a state governor with a crackhead brother saying it to appear strong to Canada's conservatives) might be what this country needs to get out en masse in places other than the blue states.

[–] [email protected] 1 points 3 hours ago

With a dead crackhead brother you mean