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- cross-posted to:
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Summary
Trump’s new tariffs on Canada, Mexico, and China sparked backlash from business groups, economists, and some Republicans, who warn of rising prices and economic disruption.
The tariffs—25% on Canadian and Mexican imports and 10% on Chinese goods—prompted retaliatory measures from Canada and Mexico.
Critics, including the US Chamber of Commerce, call them a tax on American consumers. Economists estimate a $200 billion hit to the US economy, with inflation rising.
Trump defended the move, even suggesting Canada should become the US’s “51st state.”
Nobody wants these except for trump and Russia (and probably China tbh). I can only hope that he get enough backlash that he actually backs down.