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Old 02-10-2025, 11:06 AM   #113
Pete F.
Canceled
 
Join Date: Jun 2003
Location: vt
Posts: 13,427
Well the FFOTUS is threatening everyone that he’ll invoke tariffs again. He’s doing this by using emergency powers that were foolishly given to the Presidency by Congress.

Section 8: Powers of Congress

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises,

He’s playing a dangerous game where the United States holds at best 30% of the chips and threatening the holders of the other 70%.
He’s counting on BRICS who hold 36% of the chips to not be able to get any of the remaining third of the world economies to join them.
Unless he succeeds in his current coup, he will likely only hold the house and senate thru the midterms.
They all realize that and are waiting to see what happens in the short term.
Any combination of players can buy Canadian oil and LNG to make up the Canadian shortfall, this in turn will drive energy prices up in the USA by half.
China has banned the export of a number of rare minerals to the United States and we cannot easily replace them, Canada has some of them but do you think they trust FFOTUS?
These are interesting and scary times we are living in
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