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Biden Says Trump’s Tariff Plan Would Be ‘Counterproductive’ and Set Back Global Ties
The president urged his successor to reconsider his threats to impose sweeping tariffs on Canada and Mexico, warning they could undermine relations with two of the U.S.’s closest allies.
Biden says Trump's tariff threat against Canada and Mexico is 'counterproductive'
Trump said in a post to Truth Social on Monday that one of his first executive orders would be to hit Mexico and Canada with a blanket 25% tariff. Mexico and Canada are the second and third top suppliers of goods to the U.S., according to the Office of the U.S. Trade Representative. The U.S. imports the most goods from China.
Cheap gasoline? Not under Trump’s tariff plan.
Trump has pledged to punish Canada and Mexico for “bringing Crime and Drugs at levels never seen before” by imposing a 25 percent tariff on all imported goods from U.S. neighbors — with no exceptions made for oil and natural gas.
Biden Warns Trump’s Sweeping Tariff Plan Could Damage Relations
President Biden called Donald Trump’s plans to impose 25% tariffs on all goods from Mexico and Canada “counterproductive” and said it would undermine relations with two of America’s closest allies.
‘Not at all certain’ whether Trump’s tariff plan actually goes through
President-elect Trump has made picks for key economic and health positions in his administration. Also, Trump has vowed to implement new tariffs on Mexico, Canada and China. NBC News' Garrett Haake reports more.
Canada’s oil patch rattled by Trump's tariff plan
The proposed tariffs, if applied to oil and gas, could hammer Canada's economy and hike prices at the pump for Americans, analysts say.
Biden calls proposed Trump tariffs ‘counterproductive’
President-elect Donald Trump's proposed 25% tariff on goods from Mexico and Canada would harm relations between the United States and Mexico and Canada, President Joe Biden told reporters on Thursday.
Mexican president says did not discuss tariffs in call with Trump
Mexico's President Claudia Sheinbaum said on Thursday she did not specifically discuss tariffs in a call with U.S. President-elect Donald Trump a day earlier, after Trump threatened a 25% import tax that appears to contravene a free trade pact.
27m
on MSN
Chinese EV Makers Slip Further in Europe Amid Tariff Tussles
Chinese carmakers’ push into the European electric-vehicle market continued to meet resistance, with their share of ...
1h
on MSN
China to extend tariff exemptions for some US products to 2025
China will extend tariff exemptions for the import of some U.S. products until Feb. 28, 2025, the Customs Tariff Commission ...
7h
Trump is rolling out tariff proposals. How does Congress fit into the process?
Congress usually sets tariffs, but President-elect Donald Trump could declare a national emergency, as he's done in the past.
1h
With Tariff Threat, Trump Reminds China of His Ability to Shock
Hello, this is Colum Murphy in Beijing, where Donald Trump’s penchant for doing the surprising … well … surprised everyone ...
The Economist
14h
Tariff threats will do harm, even if Donald Trump does not impose them
Another check on the administration could be the fear of tariff-induced inflation. Americans’ experience of the highest price ...
2d
What is a tariff and how does it work? Here's what some experts say a tariff can cause
President-elect Donald Trump said he will impose a 25% tariff on all goods from Mexico and Canada when he takes office in ...
3h
Mexico’s president has ‘excellent’ talk with Trump, dismisses tariff threat
The Mexican president and Trump have given dramatically different versions of the call Wednesday. Trump said on his Truth ...
11h
on MSN
Mexican president says she is confident that a tariff war with the US can be averted
Mexican President Claudia Sheinbaum says she is confident that a tariff war with the United States can be averted ...
11h
Biden says he hopes Trump rethinks tariff threats on Canada and Mexico
President Biden spoke with reporters on Thanksgiving and said he hopes President-elect Trump reconsiders tariffs on imports ...
2d
Tariff Threats Show Trump’s Commitment to Upending Global Trade
The president-elect’s threat to hit Canada, Mexico and China with new tariffs is already rocking business and diplomatic ...
15h
on MSN
Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
Major investment banks and research firms project offshore yuan to weaken to an average 7.51 per dollar through the end of ...
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