Trump’s Tariffs on Allies Spark Outrage, Economic Fears
President Trump signed executive orders imposing significant tariffs on Mexico, Canada, and China, citing illegal fentanyl distribution as justification. These tariffs, totaling 25% on Mexico and Canada and 10% on China, were announced Friday, impacting roughly $1.6 trillion in annual U.S. trade. The White House offered limited details on implementation but confirmed no exemptions or delays. The move caused immediate market downturn and concerns from economists about reigniting inflation and potential retaliatory measures.
John Q. Hosedrinker