Businesses from automakers to alcohol producers have warned that added costs to import goods from Canada and Mexico will have wide-ranging implications across the economy.

President Donald Trump has moved forward with a plan to put sweeping tariffs on all goods coming into the United States from Canada and Mexico, threatening a trade war with its closest trading partners — and higher prices for Americans on thousands of consumer goods.

… The U.S. was scheduled to begin collecting a 25% tariff on nearly all goods from Mexico and Canada starting at 12:01 a.m. Tuesday, according to a draft public notice of the rules posted Monday. Canadian energy products would be levied at a lower rate of 10%.

… On Monday, Trump also added an additional 10% tariff on all imports from China on top of the 10% tariff he put on Chinese goods last month, which includes products such as electronics, footwear, medicines and cosmetics. Those tariffs are in addition to tariffs already put in place during Trump’s first term in office.

    • OutlierBlue@lemmy.caEnglish
      4·
      2 days ago

      “Both the Mexicans and the Canadians are on the phone with me all day today, trying to show that they’ll do better,” Lutnick said Tuesday afternoon.

      “And the President is listening because, you know, he’s very, very fair and very reasonable. So I think he’s going to work something out with them,” he said.

      Yeah, bigly fair and reasonable. If you ignore him being the one that started flinging the shit.