Washington.
The president is expected to give remarks on EDT at 5 pm. Look directly in our player above.
Trump said on social media that the response to the rise in prices on Wednesday was the response to the rise in prices, which Ontario’s provincial government sold to the United States.
“I have instructed my secretary for trade to include a 50 % additional 25 % tariff on all steel and aluminum coming from Canada to the United States, which is one of the most tariffs anywhere in the world.”
Faced with a brutal sales of the stock market on Monday and Tuesday, Trump has increased the pressure to show that it has a legitimate plan, rather than pushing the economy into a recession, rather than developing the economy. But so far the president is doubling the rates repeatedly during the 2024 campaign and once throwing a stable economy in a gross turmoil as investors have expected to lead the tax deductions and tax deductions rather than taxes.
Read more: Trump has continued its slide in the stock market before in his trade war
The US president offered numerous explanations about his enmity with Canada, saying that his 25 % separate taxes are about fantasy trafficking and objections to Canada, which has levied more taxes on dairy imports that punish US farmers. But he called for Canada to be a part of the United States as a solution, a type of sarcasm that has incited Canadian leaders.
Trump posted on Tuesday, “The only thing that is understood is Canada becomes our fifty state.” “This will eliminate all the rates and everything completely.”
Ontario’s Premier Dougford, after responding to Trump through the increase in electricity prices, told MSNBC Tuesday that the American people and its business leaders need to speak against “chaos” because of Trump’s start of trade war.
See: Ontario Premier explains why he is slapping 25 % surcharges with electricity
If we go into recession, it is made by a person itself. This is called President Trump’s recession, “Ford said.” It should not be like that. We should stay on the two countries.
Trump was ready to deliver Tuesday afternoon to the business round table, which is the CEO’s trade association that during the 2024 campaign, he emphasized the promise of low corporate tax rates for domestic manufacturers. But their prices about Canada, Mexico, China, Steel, aluminum – with most plans for coming to Europe, Brazil, South Korea, pharmaceutical pharmaceuticals, copper, wood and computer chips – will be equal to the widespread increase in taxes.
Over the past two weeks, a vote of no -confidence vote in the stock market has engulfed the president’s tax on imports and his brand as a politician, who understands the business based on his experiences in real estate, media and marketing.
Former Treasury Secretary of the Clinton Administration, Harvard University economist Larry Summers on Monday showed the difficulties of recession 50-50.
Read more: Trump does not reject recession by reducing business concerns about his prices
The Summers posted on X, “All the louds and all disciplinary and uncertainty have demanded all the demands and has led to the increase in prices.”
Investment Bank Goldman Saxes reduced its growth forecast for this year to 1.7 percent to 1.7 percent from 1.7 percent. It slightly increased the possibility of its recession to 20 % “because if the White House has the power to change the policy if the negative risks look more serious.”
Trump has tried to convince the public that their prices will cause a little “transfer” to the economy, more taxes will increase more companies for years to move factories in the United States to avoid taxes. But he closed the alarm in an interview broadcast on Sunday, in which he did not reject the potential recession.
Read more: Trump says he will buy Tesla to show ‘trust and help’ for canal
“I hate predicting such things,” Trump said on the Fox News Channel’s “Sunday Morning Futures”. “The transition is a period, because what we are doing is huge. We are bringing wealth back to America. This is a big thing. And always have periods – it takes a while. It takes a while. But I don’t – I think it should be great for us. I mean, I think it should be great. “
The promise of the great things that proceeded did not eliminate anxiety, the S&P 500 stock index on Monday tumblled 2.7 percent of a unprecedented Trump error, welcoming his victory in November 2024. The S&P 500 index fell by about 0.4 % in Tuesday morning trade.
Trump has long relied on the stock market as an economic and political gauge to follow it, just to ignore it only because he is still determined to impose prices. When he won the election last year, he announced that he wanted his tenure to start on November 6, 2024, instead of inaugurating his January 20, 2025, so that he could be supported by the benefits of the later stock market.
Trump has repeatedly warned about the economic independence fall if he lost the election.
“If I do not win, you will have the sadness of 1929. Enjoy this, “Trump said in a August rally in Pennsylvania.
Trump claimed last year that China’s stock market withdrew due to his victory in Iowa Republican presidential cookies.
“China’s accident happened yesterday in its stock market. Do you know why Because I won Iowa, “Trump said at that time.
The White House is no longer looking at the stock as a reliable economic indicator. After the shutdown of the markets on Monday, the White House highlighted that prices have forced companies like Honda, Vox Wagon and Volvo to consider new investment in US factories. It issued a statement that the combination of Trump’s revenue, instability and increase in energy production has promised industry leaders to “promise thousands of new jobs.”
According to the Bureau of Labor statistics, the importance of thousands of additional jobs was unclear, as last year the US economy increased only 2.2 million jobs.
The streets reported from Toronto.
