this post was submitted on 28 Feb 2025
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Economics

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Summary

Trump announced 25% tariffs on Mexico and Canada will begin March 4, claiming continued drug trafficking concerns despite earlier border enforcement pledges.

On the same date, China will face an additional 10% tariff, bringing total Chinese import tariffs to 20%.

This announcement contradicted earlier statements by White House Economic Director Kevin Hassett, who suggested all tariff decisions would come after an April 1 study.

Trump's broader tariff agenda includes global 25% steel and aluminum tariffs starting March 12 and reciprocal tariffs on nations with duties on US imports.

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[–] [email protected] 21 points 4 days ago (2 children)

I want to get off Mr. Bone's Wild Ride

[–] [email protected] 5 points 4 days ago (1 children)

Run up some credit cards and don't look back!

[–] Galapagon 9 points 4 days ago

I'm not convinced that's good advice

[–] [email protected] 2 points 4 days ago
Repeat your answer please.