Canada gets it's ore from South America, so as prices increase, US also pays tariffs.
this post was submitted on 22 Apr 2026
1 points (66.7% liked)
Economics
78 readers
1 users here now
founded 1 year ago
MODERATORS
Black swan implies it wasn't predictable, and that it's an unprecedented change. A 4 year high from an entirely predictable action isn't a Black swan event. All we're seeing is the entirely predictable stress of a dumb ass closing a major shipping channel. It's serious, but not as bad as the covid supply chain mess.
Get back to me when we have a 50 year high due to a sudden weather event or revolution.