Americans want lower prices. Too bad: Trump wants tariffs.
Any line pointing up is optimism about Trump and any line pointing down is pessimism about the incumbent. Heads, he wins; tails, Biden loses. Trump’s announcement on Monday that he plans to levy sweeping tariffs against Canada and Mexico as soon as he takes office seems as if it might similarly take advantage of this liminal moment.
Opinion
Donald Trump's Big Tariff Plan Will Cost Americans
In social media posts Monday evening, the president-elect threatened Canada and Mexico with 25% tariffs, and China with an additional 10%. But it would be US consumers who would pay a “very big price!
Trump’s Latest Tariff Plan Aims at Multiple Countries. What Does It Mean for the US?
President-elect Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States
What does Trump’s latest tariff plan mean for US consumers and the world?
Donald Trump isn't even president yet, and he may have touched off the start of a trade war. On Monday, Trump vowed sweeping new tariffs on Mexico, Canada, as well as China on day one, as part of his effort to crack down on illegal immigration and drugs.
Mexico Suggests It Would Impose Its Own Tariffs To Retaliate Against Trump Tariffs
One tariff would be followed by another in response, and so on until we put at risk common businesses,” Mexican President Claudia Sheinbaum said.
How Trump's latest tariff plans are roiling global markets
While the reaction in US stocks was muted, global equities were rattled. Markets are wondering if Trump's threats are mainly a negotiating tactic.
How Do Tariffs Work and Will Trump's Plan Cause Inflation?
President-elect Donald Trump said he will impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office.
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