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Donald Trump vows to impose 25% tariff on all products from Canada and Mexico (www.usatoday.com)

submitted 3 weeks ago by MicroWave to c/news

79 comments fedilink hide all child comments

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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[–] [email protected] 3 points 3 weeks ago (4 children)

What are the benefits for him? All that he do is for his own good. At first I thought he was saying lies so that he can get elected. But now that he is elected, what will he gain from doing that? Won't American suffer so does his assets?

[–] DangerBit 7 points 3 weeks ago (1 children)

My betting is he'll relax tariffs on companies if they pay him.

[–] Pilferjinx 1 points 3 weeks ago

Don likes to make "deals". I honestly think he'll walk back on this once it begins to piss everyone off.

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