President Donald Trump has announced that he’s imposing a tariff on goods from some of the US’s biggest trade partners: Canada, Mexico, and China. Under the executive orders signed on February 1st, Canada and Mexico will face a 25 percent tariff, while goods from China will be subject to a 10 percent tax. Energy resources from Canada will also have a lower 10 percent tariff.
Trump positioned the tariffs as a way to “halt the flood of poisonous drugs into the United States,” referring to fentanyl. The change will have a big impact on the cost of a wide variety of goods imported from each country, including electronics, produce, clothing, and much more.
Though Trump previously said the tariffs will “enrich” citizens, consumers are expected to bear the brunt of the fees as they typically lead to higher prices. Here’s all the latest news on Trump’s tariffs.
- More Trump tariffs.
- Big Tech is still silent on Trump’s tariffs
- Trump suspends order that created delivery chaos
- Donald Trump’s tariffs, explained
- Shipping companies warn of delays and new charges from Trump’s China tariffs
- Your packages from China are about to get more expensive.
- China tariffs may already be hiking up import fees
- Qwertykeys halts keyboard shipments to US over tariff costs and confusion
- USPS backtracks, will accept parcels from China after all
- Your packages are about to get slower and more expensive
- China opens Google antitrust probe in retaliation to tariffs
- Shein and Temu depend on a 100-year-old tariff loophole that Trump wants to close
- Trump agrees to a one-month pause on Mexico, Canada tariffs
- Big Tech has been silent on Trump’s tariffs
- Ontario holds off on ‘ripping up’ Starlink deal with US tariffs delayed
- Automakers brace for ‘massive’ impact of Trump’s tariffs
- China responds to Trump’s tariffs threatening ‘corresponding countermeasures.’
- Canada will retaliate against Trump with tariffs on US goods
- Trump imposes sweeping tariffs on Canada, Mexico, and China
- Canadian officials have reportedly been notified of tariffs.
- Trump’s first round of tariffs is almost here
- Trump says he’ll put tariffs on imported chips ‘in the near future’
Source link
#tariffs #Trumps #tax #hitting #Big #Tech
