AI Summary:

President Trump has threatened new tariffs on Canadian lumber and dairy products, claiming Canada has been unfairly taxing U.S. exports. This comes just a day after he announced a one-month pause on tariffs under the USMCA agreement. Canadian Trade Minister Mary Ng refuted Trump’s claims, stating the proposed tariffs are unjustified. The uncertainty surrounding these tariffs has caused market fluctuations, with stocks initially falling but later rising due to positive economic outlooks from the Federal Reserve. The ongoing trade dispute has raised concerns about the impact of tariffs on the U.S. economy, which is already facing challenges such as layoffs and inflation. The dairy industry has been particularly affected by Canada’s high tariffs, which have been criticized by U.S. farmers. Additionally, lumber tariffs could exacerbate housing affordability issues, as the U.S. relies on Canadian imports for a significant portion of its lumber needs. Experts warn that tariffs may lead to increased costs for consumers.

Krasnov can’t even give a cogent reason for the tariffs in the first place, and can’t even stick to one story lie. It’s like listening to a five-year-old lying about whether they brushed their teeth before bed.