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Markets tank as Trump declares a national emergency amid shocking new Canada tariffs and 51st state threat
Daily Mail UK ^ | March 11, 2025 | Emily Goodin

Posted on 03/11/2025 10:37:45 AM PDT by Morgana

President Donald Trump declared a national emergency on electricity in the United States and doubled the tariffs on aluminum and steel from Canada after retaliatory tariffs from America's neighbor to the north.

The president, in a lengthy post on his Truth Social account on Tuesday, also threatened to 'permanently shut down' the Canadian auto sector.

The only thing to make his tariffs stop is for Canada to become the 51st state, he noted as he ramps up his trade war.

In response, the stock market dropped over 500 points as nervous investors worry about a potential recession.

The increase in tariffs, from 25% to 50%, will go into affect on Wednesday, Trump said.

'Based on Ontario, Canada, placing a 25% Tariff on 'Electricity' coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD,' Trump declared.

'I will shortly be declaring a National Emergency on Electricity within the threatened area,' he added.

Ontario Premier Doug Ford put a 25% tariff on Canadian electricity to Michigan, New York and Minnesota on Monday in response to earlier tariffs from Trump.

Ford, a conservative politician who runs Canada's most populous province, says he's ready to 'shut the electricity off completely' if America continues to 'escalate.'

Trump's fury continued in a second post to his Truth Social account, where he warned Canada will pay a historically big 'financial price' for its electricity tariff. Many states in the Northeast buy supplemental energy from Canada.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy
KEYWORDS: fafo; nationalemergency; stockmarket; trump; trumpadm; trumprecession
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To: Arcadian Empire

> All American tariffs against Canada need to end
> immediately.
>
> All Canadian tariffs against America need to end
> immediately.

US and Canada are playing chicken with their economies.
I don’t remember anything good coming out of playing chicken.


21 posted on 03/11/2025 10:49:53 AM PDT by Westbrook (democRATs are wizards at two things: Finding votes and losing evidence.)
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To: Morgana
"The only thing to make his tariffs stop is for Canada to become the 51st state, he noted as he ramps up his trade war."

Is this purposely idiotic or do these idiots knowingly want to tank markets?

22 posted on 03/11/2025 10:51:12 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: MMusson

Hahahahahaha...those are the same people who get enraged when you slap a “This car is powered by a Coal-Fired power plant!” sticker on the back of their EV.


23 posted on 03/11/2025 10:51:21 AM PDT by rlmorel ("A people that elect corrupt politicians are not victims...but accomplices." George Orwell)
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To: Morgana

Distraction from the genocidal catastrophe in Syria.


24 posted on 03/11/2025 10:51:58 AM PDT by rfp1234 (E Porcibus Unum)
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To: ckilmer

That is not what Trump was implying you buffoon. He was speaking hypothetically.


25 posted on 03/11/2025 10:52:13 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: BenLurkin

> Daily Mail UK hates America. <

The Daily Mail UK occasionally does good work. They will report on scandals the American media would prefer to bury. But the Daily Mail sure loves sensational headlines.

For them, everything is “shocking” and a major crisis. It doesn’t really matter what the topic is.


26 posted on 03/11/2025 10:52:46 AM PDT by Leaning Right (It’s morning in America. Again.)
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To: VAFreedom
Trump is right when he posted why should a country buy electricity from another country?

You bet. Energy self reliance is everything. I'd cut Canada completely off of everything. Teach those leftist a hard lesson.

27 posted on 03/11/2025 10:52:59 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Morgana

Here’s another angle on the Ontario electricity tariffs. Deep States may be using this, too, to attack Elon Musk.

Consider...

https://worldpopulationreview.com/state-rankings/tesla-sales-by-state

NYS ranks fourth after CA, FL, and TX for Tesla sales.


28 posted on 03/11/2025 10:53:41 AM PDT by mewzilla (Swing away, Mr. President, swing away!)
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To: PGR88

Just like people like Colin Powell, Lindsey Grahmnesty, and Condolezza Rice are conservatives.


29 posted on 03/11/2025 10:53:42 AM PDT by Resolute Conservative
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To: dragnet2

Teach their Deep State, anyway.

The citizenry is already living it.


30 posted on 03/11/2025 10:54:22 AM PDT by mewzilla (Swing away, Mr. President, swing away!)
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To: Westbrook
US and Canada are playing chicken with their economies.

Oh horsehockey!

I repeat myself:

Makes no sense!!The imports from Canada are less than 1% of GDP. You’d think the whole world ends because that 1% will now have a 25% duty on it. 25% of 1% is .25% of the economy is affected. PEOPLE WTH? How could such a small thing tank markets!!!!! The world has gone insane.

31 posted on 03/11/2025 10:54:27 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va

Whaaa!! How dare the ugly Americans do to them what they did to us. Sorry, Canucks and world, WE ATE DONE BEING PLAYED FOR UNCLE SUCKER.


32 posted on 03/11/2025 10:54:29 AM PDT by cowboyusa (YESHUA IS KING 0F AMERICA, AND HE WILL HAVE oNO OTHER GODS BEFORE HIM!)
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To: ckilmer

Western Canada would even that out a bit and keep us status quo for a bit as people wake up.


33 posted on 03/11/2025 10:55:27 AM PDT by Resolute Conservative
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To: Morgana

It’ high time for independence from the 51st.


34 posted on 03/11/2025 10:55:27 AM PDT by Theophilus (covfefe)
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To: Westbrook

US and Canada are playing chicken with their economies.
I don’t remember anything good coming out of playing chicken.


Your memory is different than mine. Typically, the participant with the strong upper hand wins handily. Wait, not typically. Every time.

Sorry if your 401k is down. Hope you didn’t need the money today. If you need it in the future, it’ll be worth a whole lot more thanks to our President.


35 posted on 03/11/2025 10:55:39 AM PDT by mn-bush-man
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To: PGR88

Exactly. When the dust settles, Pierre Poilievre will be back on top of the polls, which is ultimately best for America.


36 posted on 03/11/2025 10:56:01 AM PDT by rfp1234 (E Porcibus Unum)
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To: Leaning Right

Daily Mail being headquartered in the heart of the commonwealth will come to the journalistic aid of one of its own in trouble when needed.


37 posted on 03/11/2025 10:56:47 AM PDT by SpaceBar
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To: Morgana

A 500 point drop in a 40,000 stock market is not a tank.


38 posted on 03/11/2025 10:57:11 AM PDT by Texas Eagle ("Throw me to the wolves and I'll return leading the pack"- Donald J. Trump)
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To: Morgana

I’m fine with the idea of equalizing our tariff situation with Canada, but I don’t understand why Trump keeps bringing up this 51st state idea. It doesn’t seem to be trolling anymore - he seems serious. Canada as the 51st state would throw the House to the Democrats for the next two decades and would give the Democrats two more Senate seats. Why should we want this?


39 posted on 03/11/2025 10:57:41 AM PDT by AnotherUnixGeek
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To: mn-bush-man
Sorry if your 401k is down. Hope you didn’t need the money today. If you need it in the future, it’ll be worth a whole lot more thanks to our President.

And our republic is priceless.

40 posted on 03/11/2025 10:58:55 AM PDT by mewzilla (Swing away, Mr. President, swing away!)
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