this post was submitted on 04 Feb 2025
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what happened now?
Trump delayed the huge tariffs he announced on Mexico and Canada after they both made some token gestures to assuage his ego.
Trump repeatedly bragged and blabbered about the incoming tariffs on a daily basis ever since his inauguration but refused to have a phone conversation with Justin Trudeau until yesterday, one day before the implementation of retaliatory tariffs.
And then immediately after that phone call he he lifted the tariffs because Trudeau "agreed to make efforts to target the smuggling of fentanyl across the border" (the Canadian border counts as only 0.2% of fentanyl seizures in the US).
All of this nonsense appears to have been nothing but theatrics to give Trump the image of a "tough hardball negotiatior". All he managed to achieve instead is destroy any trust American allies had in them.
There is a massive insider trading opportunity if you know currencies will go up and down 3% based on toddler tantrums. Currencies can be traded at high leverage if one wants to.