Trump's WILD 25% Tariff Threat Alarms Economists
November 27, 2024
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13:04Now PlayingTrump's WILD 25% Tariff Threat Alarms Economists
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as posted by the channelPresidentelect Donald Trump threatened to impose steep tariffs on Mexico, Canada and China. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Your Support is Crucial to the Show
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"NEW YORK (AP) — President-elect Donald Trump threatened to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. He said he would impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one of his first executive orders.
The tariffs, if implemented, could dramatically raise prices for American consumers on everything from gas to automobiles to agricultural products. The U.S. is the largest importer of goods in the world, with Mexico, China and Canada its top three suppliers, according to the most recent U.S. Census data."
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