evrimagaci.org on Nostr: Trump's Tariff Threats Loom Over North America ========== President-elect Donald ...
Trump's Tariff Threats Loom Over North America
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President-elect Donald Trump threatens 25% tariffs on imports from Canada and Mexico; claims U.S. subsidizes Canada by over $100 billion and Mexico by almost $300 billion; 2023 trade deficit with Canada was $41 billion, with Mexico it was over $162 billion; potential tariffs could impact U.S. industries, especially automotive; $160 billion worth of goods cross the Detroit River annually; Pete Hoekstra, Trump's ambassador to Canada, faces pressure over tariff threats; Canadian PM Justin Trudeau and Mexican President Claudia Sheinbaum are engaged in diplomatic efforts to mitigate impact; tariffs could raise U.S. wind project costs by 10-12%; historical context shows tariffs can lead to inflation and economic instability; uncertainty remains about Trump's approach post-inauguration.
#Trump #Tariffs #Canada #Mexico #Economy #Trade #Automotive #Diplomacy #Inflation #Politics
https://evrimagaci.org/tpg/trumps-tariff-threats-loom-over-north-america-82661
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President-elect Donald Trump threatens 25% tariffs on imports from Canada and Mexico; claims U.S. subsidizes Canada by over $100 billion and Mexico by almost $300 billion; 2023 trade deficit with Canada was $41 billion, with Mexico it was over $162 billion; potential tariffs could impact U.S. industries, especially automotive; $160 billion worth of goods cross the Detroit River annually; Pete Hoekstra, Trump's ambassador to Canada, faces pressure over tariff threats; Canadian PM Justin Trudeau and Mexican President Claudia Sheinbaum are engaged in diplomatic efforts to mitigate impact; tariffs could raise U.S. wind project costs by 10-12%; historical context shows tariffs can lead to inflation and economic instability; uncertainty remains about Trump's approach post-inauguration.
#Trump #Tariffs #Canada #Mexico #Economy #Trade #Automotive #Diplomacy #Inflation #Politics
https://evrimagaci.org/tpg/trumps-tariff-threats-loom-over-north-america-82661