US Pres.-elect Donald Trump on Monday pledged to use an executive order to impose tariffs on Canada, Mexico, and China after entering office on Jan. 20, 2025.
Trump said he'd levy a 25% tax on all goods coming in from Canada and Mexico while Chinese products would attract an extra 10% on top of additional tariffs he plans to impose through executive orders. The President-elect claimed he'd continue with tariffs until these nations curbed alleged illegal immigration and drug trafficking.
Pres.-electDonald Trump's boldhas tariffprimed strategyan offerseconomic bothtime abomb transformativethat visionwould fordevastate the US economyindustries, andinflate aconsumer strongprices, tooland toshatter achieveglobal foreignsupply policy goalschains. HeHis aimspolicies torisk revitalizea Americantrade manufacturingwar, protectskyrocketing domestic jobscosts, and counterwidespread unfairjob tradelosses practicesin fromindustries nationsreliant likeon Chinaintegrated North American and global trade. TheseHis tariffsplan willundermines createexisting atrade faireragreements, globaldestabilizes marketdiplomatic ties, penalizingand countriesignores the reality that exploittariffs theare systempaid whileby favoring US workers.consumers Moreover,and thebusinesses. revenueThis fromshort-sighted tariffspolicy couldguarantees fundeconomic criticalpain initiativeswithout whilesolving incentivizingfinancial companiesissues toin investthe atlong homerun.
TherePres.-elect isTrump's abold 50%tariff chancestrategy thatoffers theboth Tradea Opennesstransformative Indexvision for the UnitedUS Stateseconomy inand 2030a willstrong betool atto leastachieve 29foreign policy goals.9, accordingHe aims to revitalize American manufacturing, protect domestic jobs, and counter unfair trade practices from nations like China. These tariffs will create a fairer global market, penalizing countries that exploit the Metaculussystem predictionwhile communityfavoring US workers. Moreover, the revenue from tariffs could fund critical initiatives while incentivizing companies to invest at home.