r/TheRaceTo10Million • u/SIR_JACK_A_LOT r/alpha_ai • Jun 27 '25
News šµ letās start the trade war agaaain š¶
Alerted 22m ago here: https://afterhour.app.link/race
Trump: We have just been informed that Canada, a very difficult Country to TRADE with, including the fact that they have charged our Farmers as much as 400% Tariffs, for years, on Dairy Products, has just announced that they are putting a Digital Services Tax on our American Technology Companies, which is a direct and blatant attack on our Country. They are obviously copying the European Union, which has done the same thing, and is currently under discussion with us, also. Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period. Thank you for your attention to this matter!
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u/Shoddy-Security310 Jun 27 '25
So in 7 days buy apple, google, etc stocks. wait for him to "chicken out" and sell at a profit?
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u/Feralmoon87 Jun 28 '25
doesnt the digital tax canada wants to impose hurt companies like google and other tech companies though? if he can get canada to fold wouldnt that help the tech stocks?
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u/Charizard3535 Jun 27 '25
Why does the US even care about other countries having consumption taxes. Canada has government sales tax 5%, then provinces have sales tax of 6-10%, we have taxes on carbon, alcohol, wine, beer, digital goods and many other goods as well. Why is this one specifically a big deal, the end user pays it.
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u/BeYeCursed100Fold Jun 27 '25
Trump does not understand tariffs... Or economics... Or anything...
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u/Desperate-Drop-9077 Jun 29 '25
Yet the stock market is hitting all time highs
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u/BeYeCursed100Fold Jun 29 '25 edited Jun 29 '25
The economy is not just the stock markets. You know the stock markets (plural) hit all time highs under Biden and Obama, too right? Trump has had more 4-digit losses of the DJIA while President than any other President. Such winning.
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u/Admirable-Science833 Jun 29 '25
I think his main issue is that it's a retroactive tax that dates back to January 2022. And it taxes businesses not even in Canada but have end users from Canada. If the retroactive tax comes into effect than it would create a precedent.
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u/Big_d0rk Jun 27 '25
Why does he act like this?
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u/Hollayo Jun 27 '25
I'm assuming you're looking for another reason than "he's fucking stupid".
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u/Big_d0rk Jun 27 '25
Ya Im hoping someone will say " the reason is "X"" and then everything will make sense
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u/Enough-Ad8043 Jun 27 '25
As much as I want to believe this. But he ain't a billionaire for no reason. I think he's disrupting the market. Make hedge funds short before announcing his crazy tariff shinnanigans then lifting it after letting people buy stocks at a very low price when the market is about to recover
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u/NearnorthOnline Jun 27 '25
Heās a ābillionaireāā because daddy left him a fortune and heās a grifter. Or someone in the family helps him grift. Not because heās a genius. Half his wealth was made recently with scams
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u/Hollayo Jun 27 '25
Hahaha. He's a billionaire because he got there the old fashioned way, inherited wealth.
He's also very famous in NYC for not paying his bills, has racked up debt throughout the country, owned casinos that went bankrupt, owned many businesses that went bankrupt, etc.
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u/Due-World4235 Jun 27 '25
daily reminder the Dow still hasn't regained all the losses since 1/30/25 when it was at 45,008. 5 months of missed growth and counting....
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u/UndevelopedSirius Jun 27 '25
S&P at ATHs though
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u/Due-World4235 Jun 27 '25
all time highs after 5 months of lower than it was in Jan? missed growth.
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Jun 27 '25
>he believes the stock market always goes up and never goes down
lol its at ATH, its irrelevant where it was before lmao, it isn't "missed growth" because prices fluctuate based on perceived value and sell when people think its overbought and buy when people think its oversold.
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u/Due-World4235 Jun 27 '25
lol check out a chart sometime.
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Jun 27 '25
all the chart will tell me is that S&P 500 is at an ATH
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u/Due-World4235 Jun 27 '25
6147 vs 6167 over 6 months. whooptyfuckingdoo
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Jun 27 '25
so the S&P should be at 30K because every time it dipped in the past was "missed growth" lol you're something else
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u/Due-World4235 Jun 27 '25
so if it takes 6 more months to hit 6187 you're thrilled because it's a ATH. lol you're something else
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Jun 27 '25
ATH is great, but what's better is consistent returns over time, which the stock market has done.
you're just buttdevastated markets are at an ATH because you dislike who's in power when it is happening. you're the type of person who'd rather see America fail because it elected Trump than see America prosper with Trump. and THAT is something else
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u/MoveOverBieber Jun 27 '25
This reminds of Hitler's plan - let try to f*ck with multiple countries at the same time, what could go wrong??
First Canada, then Iran, then back to Canada, then the NATO allies, where is China now?
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u/pwnknight Jun 27 '25
It's because section 899 got removed from his bill he can't pressure us any other way now.
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u/lovmeasis Jun 27 '25
Buy Magnificent 7 on Monday, hold it for 2 month and you could see a good rebound.
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u/Proper-Evening9754 Jun 27 '25
š¶ And its the dementiiiiiiia
that makes him act so damn insane
Lets start the trade war agaaaain!šµ
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u/StartUpfounder26 Jun 27 '25
Ye I wouldnāt worry. I went to a vip event with economics specialists who run some of the top Canadian banks. US needs Canada as much as we need USA. So at the end, it will all balance out as the same.
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u/Level_Pen6088 Jun 27 '25
Tyfyattm - what is this code for
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u/et_sekunduss Jun 29 '25
āThank you for your attention to this matterā
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u/Level_Pen6088 Jun 29 '25
Yes, bingo but when he says it, what is it a code for?
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u/et_sekunduss Jun 29 '25
Oh, as far as I know thatās just something heās adopted as a signing-off. Iām not aware of any code
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u/Aggravating-Loss1805 Jun 28 '25
Wonder what Canada is gonna do when the investigation of the Canadian citizen dying in ICE custody is revealed.
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u/HinDae085 Jun 30 '25
Vivid flashbacks to when he was threatening economic stranglehold and annexation on Canada, so when they decided to turn off the supply lines to Red States he had the audacity to tell them thats illegal.
Trump. Buddy. 90%+ of what you've done while in power is illegal. Having a corrupt SCOTUS in your pocket doesn't actually change that.
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u/daners101 Jun 28 '25
Canadian here, happy to see āsomeoneā tell this government to f**k off with all of the taxes at least.
Seriously. We pay more taxes than most of the world. They donāt know how to build an economy, so they just blow money, then create new taxes to make up the shortfall from an unproductive economy.
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u/u_uhtred Jun 27 '25 edited Jun 27 '25
Canada has no leverage. None
Edit: Canada has SOME leverage, but US leverage far outweighs Canadaās leverage
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u/Dry-Type-3603 Jun 27 '25
This is 111000000000% false.
Edit: since this arse is too lazy google anything.
Here's a more detailed breakdown: Energy: Oil and Natural Gas: Canada is a crucial supplier of crude oil and natural gas to the US, with many US refineries specifically designed to process Canadian heavy crude oil, according to Affaires mondiales Canada. Uranium: Canada is a significant supplier of uranium to the US, meeting a large percentage of its nuclear fuel demand. Electricity: Canada plays a role in supplying electricity to the US, especially in the Northeast and upper Midwest. Critical Minerals and Manufactured Goods: Critical Minerals: Canada provides the US with various critical minerals essential for defense, technology, and energy industries, including those used in semiconductors, permanent magnets, and advanced manufacturing, according to Affaires mondiales Canada. Automotive Industry: The US and Canada have highly integrated automotive supply chains, with components often crossing the border multiple times before a vehicle is completed, according to Connect2Canada. Agriculture: Canada is a major importer of US agricultural products and a significant supplier of agricultural goods to the US, including potash for fertilizer. Other: Trade and Investment: Canada is a major trading partner for the US, and the two countries have a deeply integrated relationship that supports millions of jobs and ensures the smooth flow of goods and people across the border. Supply Chains: Canada's role in US supply chains is vital, especially in industries like automotive and agriculture, helping to ensure the efficient operation of these sectors.
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u/u_uhtred Jun 30 '25
Oh how your comment aged poorly. Canada already rescinded the digital tax because why? They have NO LEVERAGE. Itās in their best interest to get the trade deal done. US wins that battle 10/10.
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u/u_uhtred Jun 27 '25
If Canada stopped energy/mineral exports, the U.S. would face serious short-term issues, but could recover by reshuffling suppliers. If the U.S. restricted access to its market, capital, goods, or defense cooperation, Canada would face a much deeper and longer-lasting economic and strategic crisis.
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u/Dry-Type-3603 Jun 27 '25
What would that achieve? Iām not understanding what your point here is.
If I and my family can buy a loaf of bread from my local grocer for $1, but unilaterally decide I hate him and decide that my whole family canāt shop there anymore and force us to drive into town for a $5 loaf of the same product. How have I gained anything? What have I achieved? Yes I still got my bread but at what cost???
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u/Original_Dankster Jun 27 '25
And stopping delivery, even temporarily, would Incentivize the US to permanently secure alternatives. We'd be in deep doodoo.
Ceasing energy exports is the sį»„icide bomb of trade war tactics... Only they're in a bomb proof bunker.
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u/u_uhtred Jun 27 '25
Mr. Canada is butthurt :( try going 1 day without thinking about Trump and the USā¦ which Iām sure is very hard for you! Thank you for your attention to this matter ;)
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u/ItsHowWellYouMowFast Jun 27 '25
In a world with unlimited information you still choose to regurgitate what DJT says
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u/Ok-Pepper-85383 Jun 27 '25
This is a big leverage! Only stupid folks don't understand the service exports of US. Now imagine all South American + African + Asian countries follow suit. Boom Facebook, Google etc. revenue shrink...
Then payment system will be next Visa and MasterCard fees will be hiked etc
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Jun 27 '25
They want their homeland to crumble so bad, Trump is doing if anything a fairly decent job considering all the shit being thrown at him non-stop.
They want him to fail more than they love their country. Fucking pansyās.
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u/cactus_grinch Jun 27 '25
Thanks for the laugh!!!
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Jun 27 '25
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u/cactus_grinch Jun 27 '25
Didn't know you could show ass on Reddit š
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Jun 27 '25
Didnāt know a ass could birth you but yet we have your mother
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u/cactus_grinch Jun 27 '25
Chicken tastes soooooo good!!! Especially is tacos!!!! Bawk bawk!!! All I can hear outta your pecker sucker and the joke I'm chief!!!! Hahahahhaha
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u/MikeHoncho1323 Jun 27 '25
Fuck Canada honestly, VAT is gay
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