Experts warn aggressive trade measures against US allies will hurt consumers and roil supply chains

Summary

Trump’s new tariffs on Canada, Mexico, and China sparked backlash from business groups, economists, and some Republicans, who warn of rising prices and economic disruption.

The tariffs—25% on Canadian and Mexican imports and 10% on Chinese goods—prompted retaliatory measures from Canada and Mexico.

Critics, including the US Chamber of Commerce, call them a tax on American consumers. Economists estimate a $200 billion hit to the US economy, with inflation rising.

Trump defended the move, even suggesting Canada should become the US’s “51st state.”

  • notfromhere
    4·
    9 hours ago

    To what end? If what you say is true they should have everything they want with Trump?

    • partial_accumen@lemmy.world
      3·
      8 hours ago

      Two problems with trump from his handler’s perspective.

      1. Sometimes he goes “off script”. (injecting bleach really?!) (Sharpie adding a fake hurricane landing path on a nationally televised alert REALLY?!)
      2. He’s malleable by his ego. trump used to be easily in Bannon’s pocket, now Musk has his ear (and the power that comes along with it). Lots of folks worked hard to get trump in power for their own means. I imagine many are not happy that Musk is using them to get his own way and line his own pockets.

      I’m not seriously considering this is true, by the way. Its just a manufactured idea that could fit the puzzle we have today.