Trump's tariffs on Canada, Mexico and China could mean higher inflation and economic disruption
Saturday, 1 February 2025 () New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy. In Trump’s view, the 25% tariffs against the two North American allies and a 10% tax on imports from Washington’s chief economic rival are a way for the United States to throw around its financial heft to reshape the world. The Republican president is making a major political bet with this expected move on Saturday that his actions won't worsen inflation, cause financial aftershocks that could destabilize the worldwide economy or provoke a voter backlash.
In a bold admission, former President Donald Trump has acknowledged that his newly imposed tariffs on Canada, Mexico, and China may lead to significant disruptions. While Trump has claimed that the tariffs are aimed at addressing issues like fentanyl and illegal immigration, the president admitted...
In a bold move, former President Donald Trump has announced the imposition of 25% tariffs on imports from Canada and Mexico, with an additional 10% tariff on goods from China. The tariffs, which go..
US President Donald Trump announced significant tariffs on imports from Canada, Mexico, and China to address issues like illegal immigration and trade... IndiaTimes
New trade penalties against Canada, Mexico and China that US President Donald Trump plans to impose represent an aggressive early move against America’s three... City A.M.
The Trump administration is implementing tariffs through its new International Emergency Economic Powers Act (IEEPA), which will range from from 10% to 25%. FOXNews.com
Saturday, 1 February 2025 ()
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