Summary
Donald Trump pledged to impose a 25% tariff on all products from Mexico and Canada on his first day in office, blaming them for failing to stop illegal drugs and immigration.
He also vowed to add a 10% tariff on Chinese goods until drug trafficking into the U.S. ceases.
Economists warn these tariffs could drive up consumer prices and inflation.
While violent crime has declined in recent years, Trump continues to link trade measures to border security and drug issues, echoing his first-term trade policies and immigration stance.
From the article
levy an additional 10% tariff on top of existing tariffs on Chinese products coming into the United States.
He’s not setting the Chinese tariffs at 10%, he’s adding an extra 10%.
Additional 10% to what though. Right now we don’t have tarrifs on all Chinese goods that I know of, so it would be 10 total unless he means an additional 10 on his last remark of 60 making it 70%? Wish the guy could actually write out a policy so companies can make plans on how best to function over the next x amount of years.
Biden placed a bunch of tariffs on Chinese products back in May.
So not a blanket tariffs on all Chinese imports then, just targeted ones. He had originally campaigned that he was going to roll back the CHIPS act, but hopefully he changed his mind.
