Trump's Tariffs on Canada and Mexico Set to Take Effect Amid Economic Concerns
President Trump confirmed 25% tariffs on Canadian and Mexican imports, invoking trade war fears and concerning economic impacts on inflation and industry.
Buffett has adopted an increasingly conservative investment strategy – dumping stocks and raising a record amount of cash.
Warren Buffett breaks silence on Trump’s planned tariffs: ‘Act of war’
New York Post·16d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.The country's largest retailer said sales of Canadian goods are up by double digits.
Trump is sparking a new wave of national pride — in Canada
Business Insider·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The auto industry is preparing for higher costs and an extraordinary disruption to their North American supply chains.
Auto industry braces for a blow from 25% tariffs on Canada and Mexico
NPR·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Uncertainty has been the watchword when it comes to the US economy of late: Just the possibility of a regional or global trade war appears to be doing damage.
Trump Accelerates Stock Market Drop on Tariff Threats
Bloomberg·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Now he is in no mood to play nice.
Trump’s new tariffs are set to be his most extreme ever
The Economist·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
With tariffs against major U.S. trade partners set to take effect, President Donald Trump is now imposing tariffs on international agricultural products.
Trump to put tariffs on agricultural imports, tells farmers to 'have fun'
Straight Arrow News·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The broad-based tariffs are likely to fuel higher costs on multiple types of vehicles, including SUVs, small cars and electric vehicles, according to AEG's analysis.
Trump's tariffs on Canada, Mexico and China could push up car prices by as much as $12,200
CBS News·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Yet the Trump administration remains confident that tariffs are the best choice to boost U.S. manufacturing and attract foreign investment.
25 percent tariffs on Mexican and Canadian imports will start Tuesday, Trump says
PBS NewsHour·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.
The U.S. economy may be staring down a slowdown.
Dow falls 649 points, S&P, Nasdaq slide on tariff fears
Fox Business·16d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
Tariffs on oligarchs could fight against Trump's attacks on environmental regulations, push for tax giveaways to billionaires at the cost of crucial public services, and advocacy for re-segregating workplaces, suggested Zucman, while shifting "the economic conflict from a battle between countries—which fuels nationalist tensions and economic retaliation—to one between consumers and oligarchs."
'If it's a trade war Trump wants ...': Top economist would target admin's 'Achilles heel'
AlterNet·16d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.LeftThis outlet favors left-wing views.The prospect of a North American trade war has already thrown the global economy into turmoil, with consumer confidence tumbling, inflation worsening and the auto sector and other domestic manufacturers bracing for a downturn.
Prices rose along border ahead of Trump's tariffs — now disruption looms
Associated Press·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Yet even if that were the case, Mr. Trump’s mere threat and his unpredictable governing style are taking a toll on the Mexican economy even before the tariffs kick in.
With Economy Already Suffering, Mexicans Brace for Painful Trump Tariffs
New York Sun·16d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
Monday's stock market sell-off erases a strong start to the year for Wall Street, where many had greeted the onset of the new Trump administration with enthusiasm because of expected deregulation and tax cuts.
Stocks tumble after Trump says long-threatened tariffs are coming
NBC News·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The prospect of new economic barriers across North America sent stocks tumbling.
'No room left': Trump says 25% tariffs on imports from Canada, Mexico begin on Tuesday
USA TODAY·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
The hope on Wall Street had been that Trump was using the threat of tariffs as a tool for negotiations and that he would ultimately go through with potentially less damaging policies for the global economy and trade.
Dow drops nearly 650 points on worries that Trump’s latest tariffs will slow the economy more
Boston Herald·16d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
But they remain Trump's favorite way to flex America's muscle against its adversaries and allies alike.
Trump dashes hopes for last-minute Canada and Mexico deal ahead of 25% tariffs
CNBC·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Since first announcing he was considering the tariffs on the two countries in November 2024, the U.S. president has connected it to border security issues, saying illegal immigrants and drugs are flowing into the United States.
Trump Says ‘No Room Left’ for Canada, Mexico to Avoid 25 Percent Tariffs Coming March 4
Epoch Times·16d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
The action is set to prompt swift retaliation.
Trump says ‘no room left’ for deal that avoids tariffs on Mexico and Canada
The Guardian·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.
Mexico argues it has taken significant action, cracking down on illegal immigration and drug trafficking.
Mexico says it has "plan B, C, D" as Trump tariff threat looms
Newsweek·16d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.CenterThis outlet is balanced or reflects centrist views.
The US President has for weeks vowed to impose the 25 percent tariffs on all imports from Canada and Mexico, with 10 percent for Canadian energy.
Trump says 25 percent tariffs on Canada and Mexico will begin Tuesday
Al Jazeera·16d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.The threatened tariffs were withheld to allow time for negotiations over key issues.
Mexico Has a 'Plan' to Deal With Trump Tariffs
Newsmax·16d·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
Summary
President Trump reiterated that 25% tariffs on imports from Canada and Mexico will start Tuesday, following two months of threats and market volatility. The tariffs aim to curb drug trafficking and immigration issues, but economists warn about inflation and detrimental effects on U.S. consumers. The S&P 500 experienced its steepest drop of the year in response. With potential retaliatory tariffs looming, Trump also plans to increase tariffs on Chinese goods. The announcement exacerbates concerns over a possible trade war, given recent negative economic data indicating slowed growth and rising inflation.
Perspectives
Trump's tariffs on Canada and Mexico are being enforced as a tactic to combat illegal immigration and fentanyl trafficking, but critics warn they could endanger economic stability and relations with close allies.
With fears of a trade war escalating, there is concern across the U.S. that the tariffs will inflate prices and hinder economic growth, negatively impacting consumer confidence and industry supply chains.
Both Canada and Mexico have indicated readiness for retaliatory measures, heightening the potential for further trade tensions between the nations.
FAQs
History
- 16d
- 16d