President-elect Donald Trump said he would impose a tariff on products from Canada and Mexico until they stop flow of drugs, migrant crossings.

Summary

Donald Trump pledged to impose a 25% tariff on all products from Mexico and Canada on his first day in office, blaming them for failing to stop illegal drugs and immigration.

He also vowed to add a 10% tariff on Chinese goods until drug trafficking into the U.S. ceases.

Economists warn these tariffs could drive up consumer prices and inflation.

While violent crime has declined in recent years, Trump continues to link trade measures to border security and drug issues, echoing his first-term trade policies and immigration stance.

  • Chozo@fedia.io
    441·
    28 days ago

    Okay, but are you going to stimulate US manufacturers to fill in the vacuum you’ll create? Unless manufacturers have somewhere else to get their materials from, this will just result in shortages of everything.

    We’re gonna be seeing empty shelves in stores again. But there’ll be no new virus to explain it this time.

    • Kalysta@lemm.ee
      4·
      27 days ago

      Trump doesn’t understand this. Or if he does, he doesn’t care. He won’t starve. The poor will.

    • naught@sh.itjust.works
      1·
      27 days ago

      Not to mention US manufacturing is significantly more expensive because we mostly outlaw slave labor. Either way the poors get hurt and the trumpets get to lap up whatever runs down Dolan’s leg as a consolation.