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Trump’s Latest Tariff Threat Is Straight From His First-Term Playbook
If President-elect Donald Trump’s first-term playbook is any guide, his latest threat to slap tariffs on major US trading partners is the start of negotiations rather than the end. In a gambit familiar to adversaries and allies alike, Trump said in a social media post Monday evening he would slap 25% tariffs on imports from Mexico and Canada and additional 10% duties on China, unless they clamp down on migrants and illegal drugs coming to the US. Those three countries account for about 40% of all US trade. It all had a familiar feel to a flurry of threats in his first term. In May 2019, Trump announced on social ... (full story)
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- Posted: Nov 26, 2024 6:34pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,105
