Trump drops bombshell trade plan against top US partners
Former president announces wide-ranging tariffs targeting China Mexico and Canada in his first planned executive orders. Economic experts point to possible price increases for everyday items
Donald Trump made a bold-as-brass announcement this monday about his post-election trade strategy; planning to hit Americas biggest trading buddies with new import fees
The soon-to-be commander-in-chief laid out a no-nonsense plan that would slap different tariffs on imported stuff — with our northern and southern neighbors (Mexico and Canada) getting hit with a twenty-five percent fee while Chinese products would face a ten percent markup
His stated reason for these trade-related moves points to what he calls an “invasion“ of drugs and migrants: the ex-president wants to use these money-raising rules as a way to control cross-border movement
- Mexico: 25% tax on imports
- Canada: 25% tax on imports
- China: 10% tax on imports
Money-smart people arent too happy about these ideas — pointing out that regular folks might end up paying more for their day-to-day stuff. The proposed rules could make everything from cars to t-shirts cost more in local stores‚ but Trump seems pretty set on making these changes happen right after he gets back to the white-house
