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Breitbart Economics and Financial Editor John Carney breaks down the cause of President Donald Trump to threaten tariffs and the NPR’s unsuccessful fact control in the “lower row”.
The White House confirmed this on Friday President Donald Trump Over the weekend, he performs the tariffs of Mexico, Canada and China.
Secretary of Press Karoline Leavitt said thattrump will bring a 25% fee for imports from Mexico and Canada and bring a 10% tariff for imports from China on Saturday, in response to the “illegal Fentanil they were obtained and allowed, to spread to our country.
The proposed tariffs of Trump can increase food prices, according to experts
“These are promises and promises by the president,” he said.
The comments arrived immediately after signing a “America First Trade Policy” enforcement command, which instructed government officials to “investigate the lack of large and lasting annual trade in goods and economic and national security consequences. .
President Donald Trump gives the founder’s speech after swearing the 47th President of the United States Capitol in Rotunda on January 20, 2025, in Washington DC. (Chip Somodevilla/Pool/AFP with the help of Getty Images/Getty Images)
However, his recent actions against China are much lower than the initial threats he made during his campaign. He promised a 10-20% tariff from all foreign countries and an additional 60-100% tariffs specifically for imports from China.
Trump Tariffs increase consumer prices: National Retail Association
Democrats and opponents, however, claim that the costs of tariffs would only be He passed it on to American consumers. Over the past few months, several retailers have been concerned that tariffs are accelerating the cost of their products or even forcing them to reduce their stocks.
Oracle’s founder Larry Ellison is listening to President Donald Trump in Roosevelt’s Roosevel Room on January 21, 2025 in Washington DC. (Jim Watson / AFP with Getty Images / Getty Images)
For example, Dollar tree “China’s high exposure,” he warned that if customs tariffs were carried out, the company would have to change the details or size of the product and even stop objects if it is too expensive.
A Walmart spokesman said in a statement to Fox Business that the company remains worried that significantly increased tariffs could cause our clients at a time when they still feel the remains of inflation. ”
Meanwhile, Wall Street Titan Goldman Sachs has been concerned that hiking products will increase the cost of everyday Americans.
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David French, executive vice president of the National Retail Association, said that the United States should “review commercial relations in order to make sure these relationships will be recovered to achieve fair, balanced and effective results for American workers and businesses.”
“Tariffs are taxed by Americans, and the tax increase of new tariffs must be used systematically and efficiently to the most strategic goods,” French said. “An important first step is to carry out a strategic evaluation of commercial priorities.”
Fox News Greg Norman contributed to this report.
