The Worst Thing Trump Did on 7/10/25

After Trump admitted his harsh 50% tariffs on incoming Brazilian products (once again, NOT PAID BY BRAZIL!  It's a TAX that Americans are having to pay.) was due in part to Trump being upset about his buddy, the former President of Brazil, the MAGA-esque Jair Bolsonaro, being prosecuted for trying to overturn the election he lost in Brazil in 2022 (They prosecute people who break the law in Brazil. Thanks for nothing Merrick Garland), the markets shrugged. 

Here was Trump admitting that he was imposing stiff tariffs on another country not for economic reasons, but for petty personal ones. Congress and the Markets should have thrown a fit.  Maybe they think Trump will TACO out and bail on the tariff threats, AGAIN.  Maybe the markets are just broken and are being falsely inflated.  It's likely a bit of both. 

Trump then turned his attention to Canada, where he is threatening a 35% tariff on all Canadian goods.  Once again, Canada can still get American products without too much of a price increase, but Americans will suffer far more with their costs skyrocketing as the US NEEDS a lot of Canada's products.

Canadians are pretty unified in trying to cut as many US ties as possible, so this whole "Canada needs to be subservient to Trump" foreign policy platform has been a disaster.

And it should be noted that if Canada, one of our largest trading partners, does get into a retaliatory mode and decides, instead of retaliatory tariffs, to just stop sending certain products south of the border, that will dramatically damage the US economy.

Even in a perfect world, it would take the US YEARS to get American production ramped up to sufficient levels, to make up for the metals, precious metals, and other unique imports we NEED from Canada. And instead of investing billions into making products in America, most companies will wait to see what happens in the next elections, as it does a US company no good to spend a lot of money building a new facility only to see tariffs lifted by the next sane person in the White House, putting them at a massive competitive disadvantage. 

And we aren't even beginning to talk about the skilled workforce needed to get raw materials and turn them into a workable product.  That's not a 'week of training' sort of thing.

All the ingredients are there for a massive US economic collapse soon.  Trump will blame Fed Chairman Powell, but this will all be on his stupid, stupid head.