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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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Another giant douche in Canada
1 posted on 03/11/2025 10:37:45 AM PDT by Morgana
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To: Morgana

nervous nellies are the only ones tanking the market. no pain,no gain with liberal scare tactics leading them to seek the “status quo” for the now instead of looking to a brighter future.


2 posted on 03/11/2025 10:41:29 AM PDT by Qwapisking ("The left will rue the day they cheated Trump out of the 2020 election forever" L.Star )
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To: Morgana

Stay the course until Canada buckles and we end up fair trade deals and a secure border on Canada’s side.


3 posted on 03/11/2025 10:42:02 AM PDT by Kazan
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To: Morgana
Daily Mail UK hates America.
4 posted on 03/11/2025 10:43:15 AM PDT by BenLurkin (The above is not a statement of fact. It is opinion or satire. Or both.)
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To: Morgana
Ford, a conservative politician who runs Canada's most populous province,

LOL. Its Canada.

Ford just occupies a chair in the right side of the giant room that is EU-WEF socialist globohomo in Ottawa.

5 posted on 03/11/2025 10:43:56 AM PDT by PGR88
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To: BenLurkin

Another outlet of British intelligence IMHO.

The next James Bond should be a writer for the “Daily Mail”


6 posted on 03/11/2025 10:44:18 AM PDT by Nextrush (FREEDOM IS EVERYBODY'S BUSINESS-REMEMBER REV. NIEMOLLER)
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To: Morgana

I never knew that New York, Minnesota and Michigan get their electricity from Canada..this is the problem that we are reliant on EVERYONE else for their stuff, this has to end


7 posted on 03/11/2025 10:44:46 AM PDT by Sarah Barracuda
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To: Morgana

Trump is right when he posted why should a country buy electricity from another country?

President Trump needs to stick this thru, because in the end we don’t want Canadian electricity anymore. cut all of them off


8 posted on 03/11/2025 10:45:01 AM PDT by VAFreedom (Wuhan Pneumonia-Made by CCP, Copyright Xi Jingping)
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To: Morgana

I get tarriffs.

I don’t get tarriffs if the point is to force Canada to become a part of the USA.

Better that Canada just be more competently run—and remain canadian.

If we take in a bunch of incompetent woke communists—we’re not really serving anybody—especially as that would just tip the scales in the USA toward the woke communists.


9 posted on 03/11/2025 10:45:13 AM PDT by ckilmer
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To: Morgana

We need anti-Trump freepers to replace Trump’s cabinet. They know better. /s


10 posted on 03/11/2025 10:45:16 AM PDT by toddausauras (Trump 2.0 is a much needed miracle.)
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To: Morgana

I thought I would come in and file a post before all the wussified, weak-kneed pearl-clutchers enter the thread. Probably in the time it takes me to type this post.

We have a lot of them here on FR.


11 posted on 03/11/2025 10:45:27 AM PDT by rlmorel ("A people that elect corrupt politicians are not victims...but accomplices." George Orwell)
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To: Morgana

Good, a declaring a National Emergency is good.


12 posted on 03/11/2025 10:45:57 AM PDT by cowboyusa (YESHUA IS KING 0F AMERICA, AND HE WILL HAVE oNO OTHER GODS BEFORE HIM!)
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To: BenLurkin

This is your author of this “piece”
-

“Emily Godwin has written about the Washington social scene as part of her varied career, which includes tenures at The Hill newspaper, RealClearPolitics, ABC News, and DailyMail.”

-
No bias there


13 posted on 03/11/2025 10:46:07 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
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To: Morgana

All American tariffs against Canada need to end immediately.

All Canadian tariffs against America need to end immediately.


14 posted on 03/11/2025 10:46:20 AM PDT by Arcadian Empire (The Baric-Daszak-Fauci spike protein, by itself, is deadly.)
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To: Morgana

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.


15 posted on 03/11/2025 10:47:23 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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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.

How do these idiots at DM get away with publishing this garbage? The tariffs stop when Canada agrees to reciprocal rates at zero - and kicks the CPC agents out of their government.

16 posted on 03/11/2025 10:47:35 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: VAFreedom

I would bet $100 that the US States buying electricity from Canada maintain that it lowers their states’ carbon footprint.


17 posted on 03/11/2025 10:48:18 AM PDT by MMusson ( )
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To: Kazan

America’s hat is getting upirrt, and we are about to knock it off.


18 posted on 03/11/2025 10:48:19 AM PDT by cowboyusa (YESHUA IS KING 0F AMERICA, AND HE WILL HAVE oNO OTHER GODS BEFORE HIM!)
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To: Morgana

How’s that working out for you Canuks, eh?


19 posted on 03/11/2025 10:49:27 AM PDT by bray (It's not racist to be racist against races the DNC hates.)
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To: central_va

They are trying to get everyone worked up about it as an anti-Trump mechanism.

There are a lot of people who swallow the hysteria hook, line and sinker. Including people on this forum.


20 posted on 03/11/2025 10:49:45 AM PDT by rlmorel ("A people that elect corrupt politicians are not victims...but accomplices." George Orwell)
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