Sometimes I really feel like Trump was sent by aliens to punish America and Americans. Just after randomly provoking Iran, which led to rising inflation in the U.S. and globally, along with higher oil prices, instead of addressing this issue that has persisted for over six months, Trump turned around and started a trade war with Canada, adding yet another layer of pressure on Americans' daily lives. On August 22, the U.S. imposed a 50% tariff on approximately $20 billion worth of Canadian goods, and even products that meet the USMCA (United States-Mexico-Canada Agreement) rules of origin are not exempt. In response, Canada will impose retaliatory tariffs of 15% to 50% on $27.6 billion CAD worth of U.S. goods starting September 8. The U.S. is now facing rising costs in energy, transportation, and imports all at once. Canada is one of the U.S.'s most integrated trade partners in terms of supply chains. The two countries' automotive, steel, energy, agriculture, and manufacturing industries are deeply intertwined. When Canadian businesses are hit, U.S. manufacturers have to pay higher prices for raw materials and components, and American farmers and exporters also bear the brunt of Canada's countermeasures. Trump might think he's collecting money from Canada, but in the end, it's still U.S. businesses and consumers footing the bill. On one hand, Trump complains that Americans can't afford high prices and demands the Fed cut interest rates quickly, while on the other hand, he continues to fuel inflation with wars and tariffs, leaving the Fed with less and less room to maneuver. When inflation rises again and economic growth continues to slow, he'll probably shift the blame to the Fed, Canada, Iran, or anyone else he can find, but he’ll never admit that these problems are of his own making. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFD, prediction markets—all-in-one trading platform.