After initially pausing implementing 25% tariffs on products from Canada and Mexico, Trump announced that tariffs will begin March 4. He also said the U.S. will add another 10% tariff on Chinese goods.
Time is running out with only one week left before the Mexico and Canada tariffs will be implemented by the Trump administration. This has caused growing concern among Illinois farmers and the agriculture market over a potential trade disruption.
State treasurers from Oregon, Illinois, Nevada and Colorado are urging the Trump administration to end a tumultuous trade war with Canada, Mexico and China.
Five Democratic state Treasurers called for an end to the trade war with Canada and Mexico and warned impending tariffs will have detrimental impacts on everyday Americans.
If President Trump does not resolve his dispute with our northern neighbors soon, the real victims will be U.S. consumers, businesses, and farmers.
The president on Thursday threatened to implement tariffs on the two countries next week after suspending them on Feb. 3.
WASHINGTON In a speech on the Senate floor today, U.S. Senate Democratic Whip Dick Durbin (D-IL) spoke out against President Trump’s tariffs on Mexico
China and Canada hit back swiftly after Trump's sweeping trade tariffs took effect at midnight U.S. time Tuesday, escalating fears of a global trade war. International markets, meanwhile, continued to slide amid growing uncertainty.
Trump put 25% tariffs on goods from Canada and Mexico on Tuesday. Markets tanked. And by Thursday, he had decided to broadly lift them.