The big story of the weekend was that President Trump launched massive tariffs on Canada, China, and Mexico.
The big question when it comes to tariffs is whether President Trump is using them as leverage or whether he’s doing this ideologically. This is always the big question with President Trump, because by using them as leverage, he’s been quite successful. When it comes to making deals, there is no one in the business world who’s better at leverage than President Trump.
President Trump loves using leverage to get what he wants. He did this just a couple of weeks ago with Colombia. He threatened them with 25% tariffs and said they would escalate unless they took back illegal immigrants; they immediately caved.
And that seems to be happening with Mexico and Canada.
As of Monday, President Trump was sending some strong signals. He said, “Listen, I like tariffs. Tariffs are…
