Trump’s Tariff Game: Chaos for You, Profits for the 1%

Another day, another Trump-induced economic rollercoaster. After throwing markets into chaos with surprise 25% tariffs on Mexico and Canada, Trump reversed course—just days later—suspending the levies on key imports covered by the USMCA trade agreement. The result? A whiplash-inducing panic that never needed to happen.

Markets tanked in response to Trump’s reckless trade moves, with the Dow dropping 428 points and the Nasdaq sliding into correction territory. Every time he mentions tariffs, he forces the market to drop, creating an opportunity for the 1% to swoop in and enrich themselves at the expense of everyday investors. Investors have been left guessing, businesses scrambling, and everyday Americans bracing for the fallout. This is the Trump playbook: create a crisis, let it spiral, then take credit for fixing it.

Beyond Wall Street, the damage is spreading. Ontario Premier Doug Ford is pushing forward with retaliatory tariffs on electricity exports to the U.S., a move that could spike energy bills for 1.5 million customers in Michigan, New York, and Minnesota. The shared power grid between the U.S. and Canada is vital for keeping the lights on, but Trump’s chaos-first, strategy-later approach has forced Canada’s hand.

Meanwhile, mass layoffs are piling up—172,017 job cuts last month, a 103% spike from January. AI stocks are taking a hit. The economy is teetering. Yet, Trump is still teasing more tariffs in April, keeping businesses and workers in limbo.