- cross-posted to:
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- cross-posted to:
- [email protected]
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.
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®OTUS, they’ll probably rubber stamp anything T**** does but it might take years to get to them.