Browsing: tariffs increase

In a recent statement, former President Trump suggested that tariffs on Mexico and Canada could potentially increase, indirectly acknowledging the economic uncertainties ahead. He refrained from dismissing the possibility of a recession, raising concerns among analysts.

In a significant move, President Trump has announced a 10% increase in tariffs on Chinese imports, escalating trade tensions between the two countries. This strategy aims to protect U.S. industries but may further complicate global supply chains and consumer prices.