Summary
The White House claims Canada has “misunderstood” Trump’s new 25% tariffs as a trade war, while Mexico is cooperating.
Trump justified the tariffs by citing trade imbalances, illegal immigration, and fentanyl trafficking.
Canadian officials view the move as an economic attack, while Trump insists it is a negotiation tactic.
The cynic in me says this is all by design. His rich buddies are buying stock on sale this week before the market corrects again.
CEOs might be temporarily unhappy, but the true wealthy are making moves.
The market corrected within hours of opening. The arbitrage opportunity is already over and was so small that only people operating with large scale portfolios made any real money off of it.