Donald Trump faces backlash from business as tariffs ignite inflation fears
www.ft.com
Experts warn aggressive trade measures against US allies will hurt consumers and disrupt 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.”

  • ubergeekEnglish
    1·
    6 hours ago

    The same way retaliatory tariffs hurt Trump, even though they hurt voters.

    When people get hungry enough, they turn the guns on their masters.

    • forrgott@lemm.ee
      1·
      5 hours ago

      What?!? Hurt Trump??? No. Untold number of us outright lost their life last time Trump was in power. And the rest of us were further disenfranchised. But did that hurt him? Hell no! The ambulatory orange painted turd got reelected!

      Besides, people are already hungry and destitute. What’s actually happening? The ones in need are having their very existence criminalized, or to be blunt, enslaved. Or they die under the blade of a bulldozer while they sleep.

      • ubergeekEnglish
        1·
        5 hours ago

        Last time, we didn’t get smacked by our neighbors and trade partners…