- Based on Ontario, Canada, placing a 25% Tariff on “Electricity” coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD.
- This will go into effect TOMORROW MORNING, March 12th. Also, Canada must immediately drop their Anti-American Farmer Tariff of 250% to 390% on various U.S. dairy products, which has long been considered outrageous.
- I will shortly be declaring a National Emergency on Electricity within the threatened area. This will allow the U.S to quickly do what has to be done to alleviate this abusive threat from Canada.
- If other egregious, long time Tariffs are not likewise dropped by Canada, I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. which will, essentially, permanently shut down the automobile manufacturing business in Canada.
- Those cars can easily be made in the USA! Also, Canada pays very little for National Security, relying on the United States for military protection.
- We are subsidizing Canada to the tune of more than 200 Billion Dollars a year. WHY???
- This cannot continue. The only thing that makes sense is for Canada to become our cherished Fifty First State.
- This would make all Tariffs, and everything else, totally disappear.
- Canadians’ taxes will be very substantially reduced, they will be more secure, militarily and otherwise, than ever before, there would no longer be a Northern Border problem, and the greatest and most powerful nation in the World will be bigger, better and stronger than ever — And Canada will be a big part of that.
- The artificial line of separation drawn many years ago will finally disappear, and we will have the safest and most beautiful Nation anywhere in the World — And your brilliant anthem, “O Canada,” will continue to play, but now representing a GREAT and POWERFUL STATE within the greatest Nation that the World has ever seen!
Effect: USDCAD will be moving upside only. This is very negative for Candian Dollar compare to US Dollar
Buy Position in USDCAD more upside
Technical Points: It has already made a double top @ 1.4543
Now as it will touch will be triple TOP @ this price, so technically its little difference
After the announcement of Tariff USDCAD shoot upside immediately in 30 minutes
USDCAD
Range: 1.4395 - 1.4545
Its the case of Open Buy in USDCAD from a current market till the next announcement from Canadian Government or By Trump or keep the target 1.4700 intact
Immediate Position Buy @ CMP 1.4500 with SL 1.4475 for target 1.4545
Our preference: Sell USDCAD @ 1.4545 with SL 1.4560+ for target 1.4451
Alternative Scenario: Buy above 1.4575$+ for open the gate of 1.4700
Impact on Gold - Silver
Based on this US Dollar will more weaker or will create a Panic which will boost up the market which will be upside for Gold & Silver with heavy volume
Nasdaq, S&P 500 & Dowjones
Its a clear selling in indices as because of this Tariff its clear negative impact on equity market
Posted by Tradelinecapital
