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Trump Renews Universal Tariff Threat to ‘Protect Our Country’
Posted
January 28, 2025
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6:21Now PlayingPresident Trump wants to impose across-the-board tariffs that are "much bigger" than 2.5% to reshape US supply chains and protect American workers and businesses.
Trump threatened tariffs on specific sectors, including semiconductors, pharmaceuticals, steel, copper, and aluminum, and suggested imposing them on automobiles from Canada and Mexico.
Trump's tariff plan aims to add costs to imports and lower taxes on domestic production, with the goal of bringing manufacturing back to the US and creating jobs. Robb Watters, Managing Partner at The Madison Group discusses on Balance of Power.
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