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.”

  • Coreidan@lemmy.worldEnglish
    8·
    8 hours ago

    The point is to crash the economy.

    Things will not get better until this economy is buried 6 feet under. Letting it ride out like the previous admin did won’t fix anything.