![]() | ||
|---|---|---|
In recent months, President Donald Trump has increased the tariffs on Chinese imports and announced plans to place a 25% tariff on all goods coming from our two largest trading partners, Canada and Mexico.Beyond that, the Trump administration has talked of placing 25% tariffs on all aluminum and steel imports, as well as implementing “reciprocal tariffs” on U.S. trading partners as soon as this month. It’s unclear whether the currently proposed tariffs will become reality. For instance, Trump had implemented tariffs on all Canadian and Mexican imports in March, only to announce a one-month delay a few days later. Whatever the outcome of these announcements, the Trump administration has decided that tariffs are an important part of its trade strategy. The administration’s approach to tariffs is grounded in the belief that these trade restrictions would benefit the U.S. economy by reducing trade imbalances, protecting American jobs and stimulating domestic industries... RSK: The operative word here is "can". We will have to see how all this shakes out but without knowing the actual tariffs and what they hope to produce. So, we wait and it seems most people say they are not good yet every other country has imposed them on us and they seem to be doing fine. | ||
Share this article on your social outlets | ||
Our Sponsors - - Volume: 25 - WEEK: 15 Date: 4/8/2025 12:12:25 PM - | ||