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President Joe Biden said that he hopes Donald Trump "rethinks" imposing tariffs on Mexico and Canada. Trump has said he may impose a 25% tariff on the two allies' imports after he retakes office.
NANTUCKET, Massachusetts (Reuters) - U.S. President Joe Biden on Thursday said he hoped President-elect Donald Trump would rethink his plan to impose tariffs on Mexico and Canada, saying it could ...
Around the same time, he criticized Trump's reliance on tariffs as a tool of foreign policy, saying that higher taxes on Americans was a "shortsighted" way to combat China's "abuses."
Trump, 78, issued his threat of a 25% tariff on all Canadian and Mexican imports Monday — while issuing a similar 10% tariff threat against China, which is the primary source of the potent ...
President Biden said Thursday that he hopes President-elect Trump “rethinks” some of his tariff plans. “I hope he rethinks it. I think it’s a counterproductive thing to do,” the ...
Trump’s plan for tariffs, tax cuts, reduced regulation, and a crackdown on immigration could lead to inflation rising by 2.7% by the end of 2025, JPMorgan hedged, with the Fed funds rate rising ...
For context, the US imported $3.2 trillion worth of goods in 2022, per the latest data available. Trump has also called for adding another tariff upward of 60% on all Chinese imports and said he ...
The actions also notably do not include the lowering of more than $300 billion in Trump-era duties on China. Biden largely re-upped former President Donald Trump's policy — and added new tariffs ...