They’ll buy truckloads of goods, and then US border agents will make them pay big duties on their way back into the US. Because smart.Good for Canada border towns. Americans are going to start shopping and smuggling from Canada
Sorry but…
Can someone explain to me what exactly the bond market is… what it’s meant for and why, what’s happening to it, it so bad?
Bonds are how governments raise money i.e. debt.
Currently it looks like everyone is selling their US bonds, which have always been the safest of havens during a financial crisis.
This means that a) the world is losing confidence in the US economy and b) the cost of financing its debt is skyrocketing for the US.
Such a tone deaf dummy. Hard not to let this tarnish his legacy. Shoulda just kept his mouth shut.Speaking of…
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I have ‘no political power’ over Donald Trump or Mark Carney: Wayne Gretzky
Retired NHL great Wayne Gretzky downplayed his influence on Donald Trump in his first public comments since the U.S. president began his second term and began making references to making Canada the 51st state.www.ctvnews.ca
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Those are pretty insane comments, honestly. I… don’t think that will help.
With financial markets in free fall, President Donald Trump is likely close to backtracking on some of his tariffs, said Marko Kolanovic, the former chief global strategist at JPMorgan Chase & Co.
“I think the 4,800 level is the level where they’ll really cave in,” Kolanovic told MarketWatch Tuesday evening, just hours before Trump’s “reciprocal” tariffs were set to take effect — including a 104% rate on imports from China.
“They do want to avoid a recession and we are close to the point of no return on that,” he added.