Trump faces backlash from business as tariffs ignite inflation fears
Trump faces backlash from business as tariffs ignite inflation fears
Experts warn aggressive trade measures against US allies will hurt consumers and roil supply chains
Summary
Trump’s new tariffs on Canada, Mexico, and China sparked backlash from business groups, economists, and some Republicans, who warn of rising prices and economic disruption.
The tariffs—25% on Canadian and Mexican imports and 10% on Chinese goods—prompted retaliatory measures from Canada and Mexico.
Critics, including the US Chamber of Commerce, call them a tax on American consumers. Economists estimate a $200 billion hit to the US economy, with inflation rising.
Trump defended the move, even suggesting Canada should become the US’s “51st state.”
Nobody wants these except for trump and Russia (and probably China tbh). I can only hope that he get enough backlash that he actually backs down.
“We pay hundreds of Billions of Dollars to SUBSIDIZE Canada. Why?” He posted on Truth Social. “There is no reason. We don’t need anything they have. We have unlimited Energy, should make our own Cars, and have more Lumber than we can ever use. Without this massive subsidy, Canada ceases to exist as a viable Country. Harsh but true! Therefore, Canada should become our Cherished 51st State.”
Those posts are so unhinged. Almost a declaration of war.
I'm still amazed anyone takes this idiot seriously. It's genuinely like I've been taking crazy pills.
Bless you. /s