Donald Trump vows to impose 25% tariff on all products from Canada and Mexico
Donald Trump vows to impose 25% tariff on all products from Canada and Mexico
President-elect Donald Trump said he would impose a tariff on products from Canada and Mexico until they stop flow of drugs, migrant crossings.
Summary
Donald Trump pledged to impose a 25% tariff on all products from Mexico and Canada on his first day in office, blaming them for failing to stop illegal drugs and immigration.
He also vowed to add a 10% tariff on Chinese goods until drug trafficking into the U.S. ceases.
Economists warn these tariffs could drive up consumer prices and inflation.
While violent crime has declined in recent years, Trump continues to link trade measures to border security and drug issues, echoing his first-term trade policies and immigration stance.
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USA uses Tariffs.
It hurt itself in its confusion!100% tariffs on China!
60% tarrifs on China!....10% tarrifs on China?
Wait a minute. You mean I ran on bad policy and now I'm learning it was all bad ideas and people voted for me?
From the article
levy an additional 10% tariff on top of existing tariffs on Chinese products coming into the United States.
He's not setting the Chinese tariffs at 10%, he's adding an extra 10%.
Additional 10% to what though. Right now we don't have tarrifs on all Chinese goods that I know of, so it would be 10 total unless he means an additional 10 on his last remark of 60 making it 70%? Wish the guy could actually write out a policy so companies can make plans on how best to function over the next x amount of years.
Biden placed a bunch of tariffs on Chinese products back in May.
So not a blanket tariffs on all Chinese imports then, just targeted ones. He had originally campaigned that he was going to roll back the CHIPS act, but hopefully he changed his mind.
What the Biden administration has been doing is making sure that any deals done under programs that can be shut down by executive order would take a lot of effort to unravel.
Given the makeup of the current SC(R)OTUS, they'll probably rubber stamp anything T**** does but it might take years to get to them.
It was a 100% tariff on China at one point lol
There was a speech where he said 250% on Mexico at one point. He just pulls it all out his ass.
I mean he seemed shocked on election night.
https://m.youtube.com/watch?v=CrnraEVaWTM
All you have to do is watch 1:00 to 1:20. He literally says, "We overcame obstacles that nobody thought possible, and it is now clear that we've achieved the most incredible political thin--, Look what happened, is(n't?) this crazy?"
Except For on all the stupid crap I endorse from there and personally profit off of. If democracy ever resurfaces somewhere there needs to be heavy regulation on using the office of the president as at platform for personal profit.