Trump said new tariffs on Canada and Mexico could arrive within days. Here's what Americans should know about his trade plans.

Politics and Government Politics and Government

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Trump said new tariffs on Canada and Mexico could arrive within days. Here's what Americans should know about his trade plans.

^{Published on 2025-01-21 14:21:04 - MSN}

President Donald Trump said a 25% tariff on Canada and Mexico could come on February 1 and that a universal tariff isn't off the table.

The article discusses former President Donald Trump's trade policies, particularly his threats to impose new tariffs on Canada and Mexico if he were to return to office. Trump has suggested that these tariffs could be implemented within days of his potential re-election, aiming to leverage trade negotiations and address what he perceives as unfair trade practices. His approach includes a 10% across-the-board tariff on all imports, which he believes would reduce the U.S. trade deficit and fund tax cuts. Critics argue that such tariffs could increase costs for American consumers, provoke retaliatory tariffs from trade partners, and potentially lead to a trade war. The article outlines the implications of these policies, including potential economic impacts like higher prices for goods, disruptions in supply chains, and strained international relations. It also notes that while Trump's tariff strategy aims to protect American industries, it could have broader negative effects on the economy and global trade dynamics.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/trump-said-new-tariffs-on-canada-and-mexico-could-arrive-within-days-here-s-what-americans-should-know-about-his-trade-plans/ar-AA1xBwW9 ]

Contributing Sources

MSN

N@N

Trump said new tariffs on Canada and Mexico could arrive within days. Here's what Americans should know about his trade plans.