Trump tariffs

2024 - 11 - 26

Trump's Tariffs: The Economic Soap Opera Drama Everyone is Watching!

auto industry - Canada imports - economy - holiday shopping - international trade - Mexico economy - retaliatory tariffs - Trump tariffs

Grab your popcorn! Trump's proposed tariffs could shake up the auto industry and set off a string of international economic rivalries. Will we see cars on strike?

As the U.S. gears up for a new presidential administration, the business world is holding its breath in anticipation of proposed tariffs by President-elect Donald J. Trump. His aggressive plan to impose a staggering 25% tariff on imports from Canada, Mexico, and China has sparked a wave of concern among automakers and parts suppliers. These hefty tariffs threaten to disrupt supply chains, increase costs for consumers, and stifle a sector that has been the pride of the American economy for decades.

But wait! The plot thickens as Mexican President Claudia Sheinbaum warns that such tariffs could lead to significant job losses in both countries. She raises the stakes with hints of potential retaliation, suggesting that this could ignite a trade war hot enough to fry an egg! While Trump may see tariffs as a means of protecting American jobs, his neighbors across the border are emphasizing the importance of cooperation and dialogue.

The savvy observers at the BBC are quick to note that Trump’s tariffs may not only be about trade but can also be seen as a strategic weapon of diplomacy. With China also on Trump's radar for tariffs, we might be looking at a foreign policy stew that could leave many political chefs scrambling in the kitchen. What effect these tariffs will have on the delicate web of international relations and trade remains to be seen.

As this economic saga unfolds, it’s interesting to note that cross-border trade between the U.S. and Canada alone supports millions of jobs! Moreover, tariffs historically can lead to increased prices for consumers — two birds hit with one tariff stone, making us eagerly await the next episode of this wild economic drama! Stay tuned, folks — this is just getting started!

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Image courtesy of "The New York Times"

Trump's Tariffs Would Deal a Big Blow to the Auto Industry (The New York Times)

Automakers and parts suppliers would struggle if President-elect Donald J. Trump followed through on his threat to impose 25 percent tariffs on imports from ...

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Image courtesy of "Reuters"

Mexican president warns Trump tariffs will kill jobs, hints at retaliation (Reuters)

Mexican President Claudia Sheinbaum on Tuesday warned U.S. President-elect Donald Trump of dire economic consequences for both countries from tariffs and ...

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Image courtesy of "BBC News"

Trump tariffs: President-elect is serious but it's not about trade (BBC News)

The US president-elect is using tariffs as a weapon of diplomacy, even coercion, says BBC economics editor Faisal Islam.

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Image courtesy of "PBS NewsHour"

What does Trump's latest tariff plan mean for the U.S.? (PBS NewsHour)

WASHINGTON (AP) — President-elect Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign ...

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Image courtesy of "Investor's Business Daily"

Trump Threatens Tariffs On China, Canada, Mexico (Investor's Business Daily)

President-elect Donald Trump said late Monday that he will impose big tariffs on goods coming from China, Canada and Mexico on the first day he takes office ...

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Image courtesy of "Aljazeera.com"

Canada, Mexico leaders stress cooperation after Trump tariffs threat (Aljazeera.com)

Justin Trudeau and Claudia Sheinbaum urge dialogue as Donald Trump plans to hit US neighbours with 25-percent tariffs.

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Image courtesy of "The New York Times"

Trump's Tariffs on Mexico, Canada and China Could Upend Trade ... (The New York Times)

President Claudia Sheinbaum of Mexico signaled that her country was prepared to respond with retaliatory tariffs of its own. The auto industry depends heavily ...

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Image courtesy of "Supply Chain Dive"

Trump calls for 25% tariffs on imports from Canada and Mexico (Supply Chain Dive)

The president-elect also called for additional 10% tariffs on imports from China as part of his day one White House plans. ... Donald Trump speaks at a campaign ...

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Image courtesy of "desmoinesregister.com"

Grassley calls Trump's promised tariffs on Mexico, Canada, China a ... (desmoinesregister.com)

President-elect Donald Trump said he will impose a 25% tariff on all products from Mexico and Canada coming into the U.S. and added tariffs on China.

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Image courtesy of "Reuters"

Trump tariffs would harm all involved, US trade partners say (Reuters)

Officials from Mexico, Canada and China and major industry groups warned that U.S. President-elect Donald Trump's threat of hefty tariffs on goods would ...

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Image courtesy of "PBS NewsHour"

Mexico's president says she may impose tariffs to retaliate against ... (PBS NewsHour)

Mexico could retaliate with tariffs of its own after U.S. President-elect Donald Trump threatened to impose 25% tariffs on Mexican goods.

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Image courtesy of "NPR"

Trump's tariffs may be targeted at others -- but they could impact you ... (NPR)

President-elect Donald Trump threatened to slap hefty tariffs on China, Canada and Mexico. Those tariffs would hurt America too — if they are carried out.

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Image courtesy of "Morningstar.com"

Trump's Tariffs: A Wild Card for the Markets in 2025 (Morningstar.com)

What Do Tariffs Mean for American Companies? On the campaign trail, the president-elect floated a new tariff of 60% or more on goods from China, as well as a ...

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Image courtesy of "Reuters"

GM and other US automakers would take big hit from Trump tariffs (Reuters)

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, ...

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Image courtesy of "ABC News"

Mexico suggests it would impose its own tariffs to retaliate against ... (ABC News)

Mexican President Claudia Sheinbaum has suggested Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald Trump threatened to ...

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Image courtesy of "BBC News"

Trudeau says he will work with Trump amid tariff threats (BBC News)

The prime minister will meet with Canadian premiers as US president-elect's plan to tax imports is met with concern.

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Image courtesy of "NBC News"

Here are the fruits and vegetables from Mexico that could see higher ... (NBC News)

The U.S. imports approximately 60% of its fresh fruit and 40% of its fresh vegetables.

Buying big-ticket items this Black Friday before Trump tariffs hit ... (Morningstar.com)

By Hannah Erin LangVenessa Wong. It might be worth factoring future tariffs into your holiday-shopping plans - but don't panic, stockpile items or make ...

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Image courtesy of "PBS NewsHour"

A look at Trump's tariffs and the economic consequences for ... (PBS NewsHour)

President-elect Trump is wasting no time when it comes to making good on his promise to impose tariffs on foreign nations. He announced he would slap major ...

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Image courtesy of "Texas Tribune"

Donald Trump's tariffs on Mexico could devastate border region ... (Texas Tribune)

The president-elect said he intends to levy a 25% tariff on goods imported from Mexico and Canada until drugs and undocumented migrants stop crossing the ...

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Image courtesy of "PBS NewsHour"

Trump's tariffs could speed up China's shift to new markets and ... (PBS NewsHour)

President-elect Donald Trump has threatened to sharply raise tariffs on all Chinese imports and close some loopholes Chinese exporters currently use to sell ...

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Image courtesy of "CBS News"

Here's why Trump thinks tariffs are good for the U.S. — and what the ... (CBS News)

President-elect Donald Trump is proposing sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Here's why.

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