Wed, November 27, 2024
Tue, November 26, 2024
Mon, November 25, 2024

Here's How Badly Trump's New Tariffs Threat Would Wreck the Economy

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -new-tariffs-threat-would-wreck-the-economy.html
  Print publication without navigation Published in Business and Finance on by Bill Williamson
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The president-elect made the announcement Monday on Truth Social, saying that he would institute a 25 percent tariff on goods from Canada and Mexico until drugs and migrants stopped arriving at the border.
The article from The New Republic discusses former President Donald Trump's threats to impose tariffs on Canada, Mexico, and China, highlighting the potential economic implications. Trump's tariff threats are part of his broader strategy to renegotiate trade deals in favor of the U.S., aiming to reduce trade deficits and protect American industries. The article notes that these threats have caused uncertainty in global markets, with potential negative impacts on U.S. consumers through higher prices and retaliatory tariffs from affected countries. It also mentions the strain on international relations, particularly with allies like Canada and Mexico, and the ongoing trade war with China, which could lead to broader economic repercussions, including job losses in sectors dependent on exports. The piece critiques the approach as potentially counterproductive, suggesting that while Trump's tactics might secure short-term gains or concessions, they could undermine long-term economic stability and international cooperation.

Read the Full New Republic Article at [ https://newrepublic.com/post/188823/trump-tariffs-threat-canada-mexico-china-economy ]