Trump’s Trade War Backfires: Nearly $50 Billion in U.S. Exports Now Targeted by EU & Canada
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DOGE v. US Economy
🔴 UPDATE: March 12, 2025
EU and Canada Retaliate Against Trump’s Tariffs, Nearly $50 Billion in U.S. Exports Now Targeted
Trump’s new tariffs on steel and aluminum have ignited a massive trade war, with the European Union and Canada striking back with nearly $50 billion in countermeasures. The retaliatory tariffs directly target U.S. exports, dealing a severe blow to manufacturing, agriculture, and key American industries.
Key Developments:
The EU has imposed $28 billion in tariffs on American goods, strategically hitting industries tied to Trump-aligned states. Bourbon whiskey (Kentucky), motorcycles (Wisconsin), boats, jeans, and agricultural products like corn and soybeans are all now subject to steep tariffs. European officials condemned Trump’s move as reckless, warning that further escalation will result in even harsher countermeasures.
Canada has followed suit, placing $21 billion in tariffs on U.S. steel, aluminum, and consumer goods. Canadian officials blasted the White House’s trade policies, calling them an attack on free trade and vowing additional retaliation if the U.S. refuses to negotiate.
Economic Fallout Is Already Unfolding
Major U.S. exporters are bracing for severe losses, particularly in agriculture and manufacturing. Business leaders are urging the administration to reconsider, warning that this trade war could weaken economic growth and lead to job losses. Financial markets remain volatile as investors assess the risk of further retaliation from other U.S. trading partners.
🔍 Why This Matters:
Trump’s tariffs are backfiring, triggering a global backlash that directly harms American industries. The EU and Canada are deliberately targeting swing-state economies, turning his trade war into a domestic political liability. If Trump escalates further, more countries could join in, amplifying the economic damage.
🚨 The Bottom Line:
Trump’s gamble on tariffs is now spiraling into a full-blown trade war, with nearly $50 billion in U.S. exports caught in the crossfire. As economic pressure mounts, the key question is whether the administration will back down—or escalate even further.
📌 Sources:
Business Insider: Europe hits back at Trump's new aluminum and steel tariffs
AP News: Canada and the EU swiftly retaliate against Trump’s steel and aluminum tariffs
ABC News: Canada, Europe hit back after US metals tariffs kick in
Forbes: Trump Tariff Backlash: Canada, EU Retaliate Over Steel And Aluminum Tariffs (Updates)
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Congress just gave away the ability to counter these insane measures. They are just mini-trumps with no independence of their own.
Republicans, a/k/a the Fascist Party, have brought on recessions just about every time they are in office. Isn’t this a bit curious? The reason is because the morbidly wealthy have the means to wait for the markets to bottom out, easily snapping up whatever they deem to be profitable when the recession is ends. Everyone but these miserable oligarchs suffers, finding themselves in even worse financial positions than they found found themselves in from the previous recession. It’s a vicious cycle. But apparently, it’s even worse than that, because these morbidly wealthy people have inside information about what’s going to happen to set off the downturn in the markets to bring on the recession, & they they short stocks and game the market, while making obscene profits. This is something that should definitely be researched and presented to the American people. To the wealthy, it’s like one big fat game, with the majority of the people having no idea what has happened to them after each recession. We are learning, but it is time for EVERYONE to see what’s really going on here.