- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
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.”
Last time, we didn’t get smacked by our neighbors and trade partners…
And yet, it us that will take the beating, not Trump. Just saying.
Depends on how hungry people get…