In what can only be described as another chapter in the never-ending drama of his presidency, Donald Trump has decided to double his planned tariffs on Canadian steel and aluminum. Yes, you heard that right, those tariffs are now soaring to a whopping 50%. Who needs allies when you can play a solo act in the trade war arena, right?

So here’s the deal: the tariffs, which are set to kick in at the most inconvenient of times (like a related party drama), are allegedly a reaction to Ontario’s price spike on electricity sold to the U.S. because, apparently, that’s how trade works now. Trump took to his favorite social media platform, Truth Social, brandishing his tariff sword in an attempt to gain some attention while utterly ignoring how this impacts anybody but the CEOs he seems to adore.

As expected, the stock market reacted with all the enthusiasm of a cat at a dog show, dropping sharply right after Trump’s latest online escapade. It seems like Wall Street has a ‘no confidence’ policy when it comes to the current administration’s unpredictability.

With the stock market in freefall, Trump finds himself sandwiched between the reality of his trade policies and his fantasy of a thriving economy. Despite his bravado, experts aren’t holding their breath for a miracle. Larry Summers, once a top treasury secretary, has put the odds of recession at a solid 50-50. That’s right folks, flip a coin or just blame Canada, your choice!

Goldman Sachs has also downgraded its growth forecast, making it crystal clear that there’s more risk than reward in this high-stakes trade game. The supposed economic ‘transition’ he talks about sounds more like a glorified game of musical chairs, one where the music’s about to stop, and everyone’s left standing.

While Trump’s cheerleaders might sing about new investments in factories, let’s not kid ourselves. The promise of “thousands of jobs” in the U.S. seems a tad fishy when we consider we added 2.2 million jobs just last year.

So, as the dust settles on this new tariff madness, we’re left wondering how many more tricks the trade show has left in it. Will it be smooth sailing toward economic prosperity, or are we heading straight for the rocks? One thing is for sure: don’t expect a humble retreat from the Twitter tyrant anytime soon.