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 said he would sign an executive order on the first day of his presidency putting the tariffs in place, claiming that “thousands of people are pouring through Mexico and Canada, bringing crime and drugs at levels never seen before.
” “It’s going to be a cost to another country,” Trump claimed at a Wisconsin rally in September. But for all his populist rhetoric, the real cost of the president-elect’s economic policies will most likely be borne by Americans—particularly those in the middle and working classes, who are unlikely to enjoy the benefits of his tax cuts but who cast ballots for him out of frustration with the economy under President Joe Biden and Vice President Harris.
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