John Carne, an economy and finance editor of Breitbart, breaks down President Donald Trump's reason for the threat of tariffs and eliminates NPR's failure to investigate the “lower line”.
White House confirmed the matter on Friday President Donald Trump This weekend will launch tariffs in Mexico, Canada and China.
The Press Minister Caroline Lewat said the testamp imposes 25 % of Mexico and Canada's imports and 10 % import tariffs from China, in response to “illegal Fentanyl and allowed them to distribute them to our country. They have killed tens of millions of Americans.
Experts say Trump's proposed tariffs can raise food prices
“These are the promises made by the President,” he said.
The remarks came after he signed an executive order entitled “US First Trade Policy”, which ordered government officials to “review the reasons for the country's annual and annual annual trade defects in the goods and also. Consequences of economic and national securitys. Human beings “ordered.
President Donald Trump will deliver his opening speech after swore as 47 presidents in Rutunda, the capital of the United States on January 20, 2025, in Washington, DC. (Chip somodevilla/pool/AFP through Getty Images/Getty Images)
However, his recent actions against China are far lower than his initial threats he has done during his campaign. He pledged 10 % to 20 % tariffs on imports from all foreign countries, along with 60 % to 100 % tariffs specifically in imports from China.
Trump's tariffs raise consumer prices: National Retail Federation
However, Democrats and opponents argue that tariff costs will be only Moved to American consumers. Over the past few months, several retailers have expressed concern about the outlook for pumping tariffs for their products or even forcing them to reduce inventory.
Oracle Larry Ellison's founder listens to President Donald Trump in Roosevelt's room in White House on January 21, 2025 in Washington, DC (Jim Watson / AFP through Getty Images / Getty Images)
As, as, The dollar tree – There is a high exposure to China – warned that if tariffs were implemented, the company may have to change the product details or sizes and even stop the shipment in general.
“The company is still worried that a significant increase in tariffs could lead to increased costs of our customers when they still feel the remnants of inflation,” a spokesman for Walmart told Fox Business.
Meanwhile, Wall Street Titan Goldman Sachs also raised concerns that increasing tax on products would increase the cost of everyday Americans.
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“The United States” needs to examine our business relations to ensure that these relationships are built to achieve fair, balanced and effective results for American workers and businesses, “said David France, deputy chief executive of the Retailers Federation. ”
“The tariffs are taxes paid by the Americans, and any new tariff tax increase must be systematically and effectively deployed to the most strategic commodities,” the French said. “Performing strategic evaluation of business priorities is the first step.”
Wolf Norman Fox News has been involved in the report.