President Trump announced sweeping tariffs on goods imported from Mexico, Canada and China, sending shocks through the global supply chain and raising fears about consumer costs.
President Trump slapped sweeping tariffs on goods from Mexico, Canada and China on Saturday, sending shock waves through the global supply chain and sparking fears of a disruptive trade war. Trump signed executive orders placing duties of 25% on imports from Mexico and Canada, except for a 10% rate on Canadian oil, and 10% on all imports from China.
At another, he threatened a 200% tariff on vehicles from Mexico. 'Come make your product in America,” he told companies in a speech at the World Economic Forum earlier this year. If not, he said, “then very simply you will have to pay a tariff.” But Trump sees tariffs also as a negotiating tactic to extract compromises from other nations on matters that have little to do with trade.
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