Trump’s executive order on tariffs on Chinese products is a blanket 10 percent tax on everything coming in from the country. His proposed plans for Canada and Mexico are similarly broad: everything ...
His weapon of choice is the tariff, which the president calls the “most beautiful word.” On Saturday, he slapped a punitive 25% tariff on Canadian goods to address a perceived trade imbalance.
A tariff is a tax on imported goods usually aimed at protecting local jobs and industries from foreign competition. The idea is that if foreign materials and products are more expensive ...