Doug Holtz-Eakin, former director of the Congressional Budget Office, explains the impact of tariffs on Canada's economy and shares his thoughts on President-elect Trump's agenda and the Speaker of the House vote.
President-elect Donald Trump On Monday, he denied a report that his transition team was considering a reduced tariff plan that would be more extensive than what he proposed during his campaign.
The Washington Post reported, According to three people familiar with the matter, Trump aides were drawing up plans that would impose a blanket tariff on all countries, but would only cover imports deemed critical to national security or the economy, not all products. imported
Such a policy would represent a significant shift from the tariff plans outlined by Trump on the campaign trail, which included proposals for tariffs of 10 or 20 percent on all imported goods, as well as a 60 percent tariff on Chinese goods. However, the president-elect denied the report in a social media post.
The story in the Washington Post, citing so-called anonymous sources that do not exist, falsely states that my tariff policy will be repealed. This is wrong. The Washington Post knows this is wrong. This is just another example of fake news. Trump wrote in a post on Truth Social.
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President-elect Trump has pushed back on reports that his transition team was scrapping his tariff plans. (Allison Robbert-Pool/Getty Images/Getty Images)
The Post report states that these plans are ongoing and not finalized, and it is not clear from this report which industrial sectors will be targeted by the tariff. The report states that initial discussions have focused on this issue Tariff for imports It is related to the supply chain of defense industries, vital medical equipment and energy production.
Reuters reported last month that a Trump's transition team The document recommends imposing tariffs on all electric battery materials globally and then negotiating individual exemptions with U.S. allies to boost U.S. production.
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During his campaign, President-elect Trump proposed a 10 or 20 percent tariff on all imported goods. (Photo: Brett Carlsen/Bloomberg via Getty Images/Getty Images)
demanding the imposition of tariffs onEV supply chainImports include batteries, vital minerals and charging parts.
The proposal, reviewed by Reuters, said the administration would use Section 232 tariffs, which are used to reduce threats to national security, to limit imports of such products.
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In recent years, the Department of Defense has highlighted US strategic vulnerabilities for this reason Chinese dominance Mining and refining critical minerals such as graphite and lithium, which are needed for batteries, as well as rare earth metals used in EV engines and military aircraft.
Reuters contributed to this report.