By Katherine Tinsley
6:08pm PDT, Mar 11, 2025
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After Donald Trump placed tariffs on Mexican, Canadian and other foreign imports, businesses are concerned about how the president's trade war will impact their profits.
"We've seen clearly a big sentiment shift," Ayako Yoshioka, who is a senior investment strategist at Wealth Enhancement, told Reuters. "A lot of what has worked is not working now."
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In a Truth Social post, Donald Trump defended his ongoing
battle against Canada.
"Despite the fact that Canada is charging the USA from 250% to 390% Tariffs on many of our farm products, Ontario just announced a 25% surcharge on 'electricity,' of all things, and your not even allowed to do that," he wrote on Tuesday, March 11.
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Donald Trump's additional tax on Canadian goods occurred after he announced he wanted to make the neighboring country a part of the United States.
"Because our Tariffs are reciprocal, we'll just get it all back on April 2," he stated. "Canada is a Tariff abuser, and always has been, but the United States is not going to be subsidizing Canada any longer."
"We don't need your Cars, we don't need your Lumber, we don't your Energy, and very soon, you will find that out," the Republican added in his social media post. "MAKE AMERICA GREAT AGAIN!!!"
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As the stock market notices dramatic shifts, DOGE head
Elon Musk's Tesla stock has been on the decline since he arrived in Washington, D.C..
"To Republicans, Conservatives, and all great Americans, Elon Musk is 'putting it on the line' in order to help our Nation, and he is doing a FANTASTIC JOB," Donald Trump said on Truth Social.
"But the Radical Left Lunatics, as they often do, are trying to illegally and collusively boycott Tesla, one of the World's great automakers, and Elon's 'baby,' in order to attack and do harm to Elon, and everything he stands for," he continued.
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Instead of painting Tesla's loss in popularity to economic shifts, he attempted to place the blame on Democrats.
"They tried to do it to me at the 2024 Presidential Ballot Box, but how did that work out? In any event, I'm going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American," Donald Trump announced.
"Why should he be punished for putting his tremendous skills to work in order to help MAKE AMERICA GREAT AGAIN???" he asked.
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In an interview with Fox News, Donald Trump didn't reassure voters that the country is headed in the right direction.
"I hate to predict things like that," Trump said on Sunday Morning Futures on March 9 when asked if America will experience a recession this year.
"There is a period of transition, because what we're doing is very big. We're bringing wealth back to America," the reality star stated. "That's a big thing. And there are always periods of — it takes a little time. It takes a little time. But I think it should be great for us. I mean, I think it should be great."
