Trump's tariffs in his first term did little to alter the economy, but this time could be different
The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world's second largest economy. Biden administration officials looked at removing Trump's tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly.
Trump’s Tariff Plan Threatens Higher US Gasoline Prices
US motorists should brace for a hike in gasoline prices under the incoming Trump administration plans to slap tariffs on imports of products from Canada and Mexico.
GM and other US automakers would take big hit from Trump tariffs
U.S. President-elect Donald Trump's plan to slap a 25% tax on all imports from Mexico and Canada could strike the bottom lines of U.S. automakers, especially General Motors , and raise prices of SUVs and pickup trucks for U.
Here's why Trump thinks tariffs are good for the U.S. — and what the experts say
President-elect Donald Trump is proposing sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Here's why.
Opinion
Trump’s tariffs proposal is a preview of the corruption to come
The uneven rollout of tariffs in his first term gives us a guide to how his future tariffs will be deployed.
Mexico warns Trump tariffs would kill 400,000 US jobs, threatens retaliation
By Sarah Morland, Raul Cortes and Brendan O'Boyle MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff,
What impact could Trump tariffs have on Minnesota?
President-elect Donald Trump’s threat on Monday to impose 25% tariffs on Canada and Mexico when he returns to the White House in January captured the attention of world leaders and prompted warnings from economists that his plans would raise prices for consumers.
Mexican president promises retaliatory tariffs in US if Trump plan goes in effect
President-elect Trump says he will add a 25 percent tax on goods from Canada and Mexico on his first day in office.
Mexico Warns Trump His Steep Tariffs Will Hammer the US Economy
That’s what the steep tariffs Donald Trump is threatening to slap on his neighbors will mean for the US, according to Mexico’s government.
Trump tariff plan kicks off scramble among U.S. trading partners
Leaders in Mexico and Canada responded to the president-elect’s proposed new tariffs. Observers said the plan might just be the first step in negotiations.
'Trump tariffs may backfire on US auto firms' - Nov 27, 2024
Flavio Volpe, President of the Automotive Parts Manufacturers’ Association of Canada says President-elect Trump's tariffs are likely to hurt both sides. He says US companies involved in the auto supply chain are likely to be hit as hard as their Canadian counterparts.
Wells Fargo: Trump tariffs would add $2.1K to the price of cars made by U.S. automakers—and could cost Ford, Stellantis, and GM billions in profit
If enacted, a 25% tariff on all auto parts from Canada or Mexico will add $2,100 in cost to the consumer for each U.S.
Trade tariffs make it harder to keep prices low, IKEA executive says
Trump has pledged big tariffs on imports from trading partners, causing concern among companies whose supply chains depends ...
Mexico would raise tariffs if US does so first, president says
Mexican President Claudia Sheinbaum said on Tuesday that Mexico would raise tariffs on imports from the United States if ...
New Tariffs Could Raise Aluminum and Steel Prices in U.S.
Tariffs would likely drive up the price of steel and aluminum in the U.S., because Canada and Mexico are major suppliers of ...
Dollar Jumps, Peso and Loonie Sink as Trump Threatens Tariffs
The dollar surged on Tuesday after President-elect Donald Trump vowed additional tariffs on China as well as US neighbors ...
Trump picks Jamieson Greer as US trade representative to help lead tariff hikes
Jamieson Greer, Trump's pick for US trade representative, will play a pivotal role as Trump carries out tariffs hikes on ...