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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.
President Joe Biden on Thursday expressed hope that President-elect Donald Trump will reconsider his pledge to apply tariffs on Mexico and Canada, saying the move would be “counterproductive.”
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 ...
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."
When the Biden administration inherited Trump's trade war, it promised more competent management—but delivered a continuation of the status quo as tariffs slowed America's response to the COVID ...
If he returns to the White House, Trump plans to add to those tariffs by enacting a duty of at least 10% on all imports from all countries, a tariff upward of 60% on all Chinese imports and a 100% ...
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 ...
He found that Trump’s proposed blanket 10% tariff on foreign imports, and a 60% tariff on all Chinese imports, would lead to a 1.2 percentage point increase in inflation in the first year after ...