Trump calls for 25% tariffs on imports from Canada and Mexico

Quick Summary:

The president-elect also called for an additional 10% tariffs on imports from China as part of his day one White House plans.

Tariff hikes would also be “devastating” for manufacturers that import foreign components, according to Sanjay Patnaik, a senior fellow at the Brookings Institution.

Furthermore, tariffs could push companies to create standalone supply chains to export to the U.S., Mary Lovely, an Anthony M.

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Article Details

Author / Journalist: Philip Neuffer

Category: EconomyBusiness

Markets: United StatesCanadaChinaMexico

Topics: China Trump’s Mexico Tariff Canada Goods Office Trump Companies Imports Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 11:21:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 23956968

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Official Website: retaildive.com

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News Last Updated: 2 days ago

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