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Trump announces new tariffs on China, Canada and Mexico
Posted
February 1, 2025
Views
192,033
Likes
1,958
Comments
1,346
Engagement
1.72%
February 1, 2025
192,033
1,958
1,346
1.72%
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3:42Now PlayingDonald Trump has announced trade tariffs on Canada, Mexico and China.
Companies from Canada and Mexico will have to pay 25% more to sell their goods in the US, while Chinese firms face a tariff of 10%.
The idea is to make American consumers buy American products, and to raise more tax revenue.
But experts warn adding more to the cost of selling goods could push US inflation up - Trump promised to bring inflation down during his election campaign - and could also spark a tariff war with other countries.
#donaldtrump #tariffs #usa
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