We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Donald Trump plans to hit Canada, Mexico and China with tariffs – amid fears US shoppers may undergo
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Business > Donald Trump plans to hit Canada, Mexico and China with tariffs – amid fears US shoppers may undergo
Business

Donald Trump plans to hit Canada, Mexico and China with tariffs – amid fears US shoppers may undergo

By Editorial Board Published February 1, 2025 5 Min Read
Share
Donald Trump plans to hit Canada, Mexico and China with tariffs – amid fears US shoppers may undergo

Donald Trump plans to impose 25% tariffs on imports from Canada and Mexico and 10% tariffs on items from China.

The anticipated transfer raises fears of value will increase for US shoppers because the American president instructed he would attempt to blunt the impression on oil imports.

He has been threatening the tariffs to make sure larger co-operation from the nations on stopping unlawful immigration and the smuggling of chemical compounds used for fentanyl.

And he has additionally pledged to make use of tariffs to spice up home manufacturing.

Evaluation by economics and information editor Ed Conway:Trump’s modified tack to focus tariffs on Mexico and Canada – why?

“Starting tomorrow, those tariffs will be in place,” White Home press secretary Karoline Leavitt instructed reporters on Friday.

“These are promises made and promises kept by the president.”

The tariffs carry each political and financial dangers for Mr Trump.

Many citizens backed the Republican on the promise that he may minimize inflation, however tariffs may set off larger costs and probably disrupt the vitality, automotive, lumber and agricultural sectors.

Mr Trump had stated he was weighing issuing an exemption for Canadian and Mexican oil imports.

“I’m probably going to reduce the tariff a little bit on that,” Mr Trump stated.

“We think we’re going to bring it down to 10%.”

Spreaker

This content material is supplied by Spreaker, which can be utilizing cookies and different applied sciences.
To point out you this content material, we want your permission to make use of cookies.
You need to use the buttons under to amend your preferences to allow Spreaker cookies or to permit these cookies simply as soon as.
You possibly can change your settings at any time through the Privateness Choices.

Sadly now we have been unable to confirm when you have consented to Spreaker cookies.
To view this content material you need to use the button under to permit Spreaker cookies for this session solely.

Allow Cookies
Permit Cookies As soon as

The US imported nearly 4.6 million barrels of oil every day from Canada in October and 563,000 barrels from Mexico, in response to the Power Info Administration.

US every day manufacturing throughout that month averaged practically 13.5 million barrels a day.

China responded aggressively to tariffs Mr Trump imposed on Chinese language items throughout his first time period, focusing on the president’s supporters in rural America with retaliatory taxes on US farm exports.

Each Canada and Mexico have stated they’ve ready the choice of retaliatory tariffs for use if crucial.

Canadian Prime Minister Justin Trudeau stated on Friday: “We’re ready with a response, a purposeful, forceful but reasonable, immediate response.

“It is not what we wish, but when he strikes ahead, we will even act.”

Please use Chrome browser for a extra accessible video participant

2:46

Tariffs to concentrate on Mexico and Canada

Mr Trudeau stated tariffs would have “disastrous consequences” for the US, placing American jobs in danger and inflicting costs to rise.

Mexican President Claudia Sheinbaum stated on Friday that Mexico has maintained a dialogue with Mr Trump’s staff since earlier than he returned to the White Home.

However she emphasised that Mexico has a “plan A, plan B, plan C for what the United States government decides”.

“Now it is very important that the Mexican people know that we are always going to defend the dignity of our people, we are always going to defend the respect of our sovereignty and a dialogue between equals, as we have always said, without subordination,” she added.

Liu Pengyu, spokesman for the Chinese language embassy in Washington, stated the 2 nations ought to resolve their variations by means of dialogue and session.

“There is no winner in a trade war or tariff war, which serves the interests of neither side nor the world,” Mr Liu stated in a press release.

“Despite the differences, our two countries share huge common interests and space for co-operation.”

Mr Trump additionally spoke a few plan for tariffs on the European Union with out giving particular particulars.

He instructed reporters on the White Home that he would “absolutely” put tariffs on the bloc, including “the European Union has treated us so terribly”.

TAGGED:CanadaChinaConsumersDonaldfearshitMexicoplanssuffertariffsTrump
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Trump sues Wall Avenue Journal proprietor Rupert Murdoch and two reporters after Epstein letter report

Trump sues Wall Avenue Journal proprietor Rupert Murdoch and two reporters after Epstein letter report

World
July 18, 2025
Galaxy disciplines followers for rule violations whereas protesting staff response to ICE raids

Galaxy disciplines followers for rule violations whereas protesting staff response to ICE raids

The Galaxy have banned a fan from the Angel Metropolis Brigade assist group following the…

July 18, 2025
Shuttered Michigan ski resort on the cusp of reopening

Shuttered Michigan ski resort on the cusp of reopening

GRAND RAPIDS, Mich. (WOOD) — After being closed for 25 years, a once-popular Michigan ski…

July 18, 2025
Briton was attempting to save lots of pal when each died in Portugal, sister says

Briton was attempting to save lots of pal when each died in Portugal, sister says

The sister of a person who drowned in Portugal has mentioned he died whereas attempting…

July 18, 2025
Medicube Collagen Jelly Cream Evaluate

Medicube Collagen Jelly Cream Evaluate

In case you’re on TikTok, you’ve in all probability seen medicube’s Collagen Jelly Cream, which…

July 18, 2025

YOU MAY ALSO LIKE

Personal fairness baron Arms eyes voyage with Boatfolk marinas

The non-public fairness agency based by Man Arms is plotting a takeover of Boatfolk, one of many UK’s largest unbiased…

Business
July 18, 2025

Haven and Warner Inns-owner plots break-up and sale

The corporate behind the Haven vacation parks and Warner Leisure lodge chains is plotting a break-up that can set off…

Business
July 18, 2025

Critical water air pollution incidents in England up 60% final 12 months – with three corporations blamed for many

The variety of most critical water air pollution incidents rose by 60% final 12 months, in accordance with knowledge protecting…

Business
July 18, 2025

Submit Workplace Seize IT system conviction referred to Courtroom of Enchantment for first time

The Legal Circumstances Assessment Fee (CCRC) has determined to refer the case of sub-postmistress Patricia Owen, who was convicted in…

Business
July 18, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?