Donald Trump faces backlash from business as tariffs ignite inflation fears
www.ft.com
Experts warn aggressive trade measures against US allies will hurt consumers and disrupt 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.”

  • 800XL@lemmy.world
    6·
    8 hours ago

    The beauty about Elon setting up servers is that all that info will probably end up on the dark web for purchase so everyone can see it for themselves.

    /s

    Hooray, the US let a foreign-born national walk right in and destroy the country from inside, while deporting foreign-born people there who just want a better life.