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Trump has threatened to impose a 25% tariff upon all imports from our trading partners Canada and Mexico until Trump feels they have curtailed illegal into America, as well as the smuggling of ...
Gradually increasing tariffs by 2% to 5% a month (Bloomberg, Jan. 13, 2025) Implementing additional 25% tariffs on imports from Mexico and Canada and an extra 10% on goods from China (Truth Social ...
"President Trump has been very clear what he wants to do with tariffs," said Joseph Lavorgna, a former chief economist at the National Economic Council during Trump 1.0, told Yahoo Finance on Monday.
FILE PHOTO: U.S. President Donald Trump delivers remarks on AI infrastructure, next to SoftBank CEO Masayoshi Son at the Roosevelt room at White House in Washington, U.S., January 21, 2025.
Trump, who takes office on Jan. 20, 2025, said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing the ...
Sources told the Washington Post that aides are exploring tariffs only on critical imports from every country, suggesting a potential shift away from Trump's campaign promise to levy duties across ...
Trump said the tariffs would be imposed due to Chinese theft of U.S. intellectual property. [126] Trump said his planned tariffs on Chinese imports would make the United States "a much stronger, much richer nation". [127] However, the steps toward imposing the tariffs led to increased concerns of a global trade war. [126]
The World Bank has even warned that U.S. tariffs of 10% can reduce global economic growth of 2.7% in 2025 by 0.3 percentage points (pp) if trading partners retaliate.