this post was submitted on 31 Jan 2025
10 points (91.7% liked)

Economics

500 readers
234 users here now

founded 2 years ago
10
From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home (apnews.com)
submitted 5 hours ago by [email protected] to c/[email protected]
3 comments fedilink hide all child comments
 

Summary

Donald Trump plans to impose 25% tariffs on imports from Canada and Mexico, potentially raising prices on goods like gas, cars, and food.

The move threatens the USMCA trade deal, which Trump previously negotiated, and could provoke retaliation—Canada and Mexico have vowed countermeasures.

Analysts believe the tariffs aim to pressure both countries on immigration, fentanyl, and trade concessions.

Businesses fear economic disruption, while industry leaders warn of uncertainty.

you are viewing a single comment's thread
view the rest of the comments
[–] Fiivemacs 3 points 5 hours ago (1 children)

They will go higher then anything people will realize, they will stop buying and it will go up again resulting in some crashes. People are going to go very hungry and get very angry.

[–] [email protected] 2 points 4 hours ago

The billionaires will be ok, though, and isn't that what really matters?