Once again Trump shows strength. https://www.cnbc.com/amp/2025/06/30...-tax-after-trump-cuts-off-us-trade-talks.html
This was an tax plan from years ago that didn't even have consensus in Canada. So not really material. Meanwhile, Canada is ready to put on $120B in new tariffs. Don't forget when Ontario threatened to jack up electricity rates to millions of America homes it got numerous Trump people in a total panic. We can still do it . You know what is strong is the resolve of Canada, the EU, Japan to resist Trump's bs and freeze him out on trade if we have to. He is absolutely desperate to make some deals.
Where are the trade deals ? Trump is backed up into a corner and if he doesn't sort this all out soon the US will be in a technical Recession with higher unemployment AND higher consumer prices ( stagflation anyone ? ). If it sustains then the surprisingly strong US stock markets will correct hard at some point. Probably when people least expect it on bad economic news.