I remember when Jimmy Carter had his fireside chats and asked Americans to turn down their thermostats a bit and put on a sweater to reduce oil consumption. It was political suicide to ask folks for such a “sacrifice”!
Edit: Added a link in case some folks are unfamiliar with this.
https://www.washingtonpost.com/history/2024/10/01/jimmy-carter-sweater-environment/
come on. believe it when we see it. the “Day ONE!” folder is pretty thick and has a lot of things left to address.
President Krasnov, who will not be eligible for reelection under the present Constitution, doesn’t have to listen to MAGA voters anymore.
The question is how much pain among Republican voters will it take before Congress intervenes with a veto-proof majority (I wouldn’t hold my breath), or before the oligarchs step in to sway Krasnov’s opinion.
First Economic World War has sadly started
Just to recap:
Canada is responding
Mexico is responding
China is responding
EU tbd (but probably responding)
The inflation wave that is about to slam into the US is going to sizeable alongside an economic contraction.
I’m so glad the President can start a global trade war without any input from Congress. Such a reasonable power to have.
Trump’s tariffs breach world trade rules as well as CUSMA for the Mexican and Canadian ones. The harmed parties could bring legal challenges but the US no longer redirects international law. The legality of the tariffs could also be challenged in US courts but not sure those decisions would be heeded either and they take time.
This could actually be the end of dollar hegemony.
They will move back to using a basket of reserve currencies, with the Euro being the largest.
We should go back to the pound 
If none of the previous inernational agreements matter…
I would go nuclear on Trump. No point in waiting.
Hit him where it hurts:
Electricity
Oil
Potash
Minerals
Jack up the rates to 100%.
Sorry Americans, but Trump has declared economic war on Canada.
This is going to hurt.
All those things would hurt, but cutting the electricity would cause some immediate pain.
He is probably going to hit the UK too.
Just a matter of time because of Ukraine.
I definitely agree
What does he actually want out of Canada? I thought they appointed a Fentanyl czar and that was that…
Nothing. Its a way of consolidating power in the US by causing chaos abroad.
Latest from the FT:
If you get your power from Canada, its about to get a whole lot more expensive.
Cutting electricity will mostly hurt blue states. Therefore, Krasnov won’t care.
He wants Canada.
Failing that, he wants revenue, but even he doesn’t have the political might to impose a blanket set of tariffs to generate that revenue. Instead, we get…games. 
Or, more sinisterly… there’s a reason I’ve been calling him Krasnov.
Americans would end up paying a lot more in tax (via tariffs)
He actually sees tariffs as a potential revenue source
Its amazing how economically inept these people are.
In an environment where Congress has been shown to be almost impotent, and where increasing anything explicitly described as a “tax” is a non-starter with the party in power, tariffs, which Congress has delegated the President power to impose, may be the only viable potential source of additional revenue (at least on paper, with certain assumptions, and ignoring certain risks) available to the government.
It doesn’t help that some of the political theorists that currently have the Dear Leader’s ear are those who believe that the income tax was one of the worst developments in American history and would prefer that we revert back to the time when the government was primarily funded by tariffs rather than by income tax.
Tariffs are a horrible idea. Unfortunately, they’re the only achievable idea in the near term.
