YIKES 😅 TRUMP is bringing the pressure to TRUDEAU, already implying TARIFFS in retaliation of ILLEGAL IMMIGRATION 😵 watch the northern Border 👀 pic.twitter.com/KbIWc41Xya
— Melissa 🇨🇦 (@MelissaLMRogers) November 26, 2024
*TRUMP SAYS HE PLANS TO CHARGE 10% TARIFF ON ALL CHINESE GOODS AND 25% TARIFF ON ALL MEXICAN & CANADIAN GOODS UNTIL FENTANYL EXPORTS & ILLEGAL IMMIGRATION ARE STOPPED
- Tariff Details: Trump intends to implement a 25% tariff on all products imported from Mexico and Canada as his first executive order after taking office. He stated that these tariffs would remain until illegal drugs, particularly fentanyl, and illegal immigration are stopped. New York Post
- Additional Tariffs on China: An additional 10% tariff on Chinese products is also planned, citing China’s failure to curb illicit fentanyl exports. Trump noted that despite discussions and promises from China, the problem persists.
- Economic Implications: Economists warn that such tariffs could lead to higher prices for consumers and potential retaliatory measures from affected countries. Doug Ford, the premier of Ontario, expressed concerns about the negative impact on jobs and workers in both the U.S. and Canada.
- Historical Context: During his first term, Trump imposed tariffs on Chinese imports and renegotiated NAFTA to boost U.S. manufacturing. The number of illegal migrants at the U.S.-Mexico and U.S.-Canada borders has increased under the Biden administration, contributing to this comparative policy.
- Market Reactions: Following the announcement, the dollar strengthened against major currencies, while stocks retreated. The Mexican peso and Canadian dollar suffered, and Asian markets also experienced declines. Reuters
- Trade Relations: Trade with Canada and Mexico is crucial for the U.S., with both countries being significant partners under the USMCA agreement. The proposed tariffs could have significant economic repercussions, reminiscent of previous tariffs and subsequent retaliations. Associated Press
- Political Reactions: Responses from Canadian and Mexican officials are pending, while a Chinese official warned of price increases for consumers due to potential tariffs.
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Book Discussions And Guides – You can listen in to a convo on some Choice Books, with study guide. You can tell that teaching is about to take a new turn in the world…No more Leftist teachers soon. This makes learning about books so much easier before you tackle them – listen while surfing other links
- Animal Farm: Discussion and A Study Guide – Audio
- The Secret: Law of Attraction – Discussion and Study Guide – Audio
- The 48 Laws of Power: Discussion and A Study Guide – Audio
- Sun Tzu’s Art of War: Discussion and Study Guide – Audio
- The Law Of Success: Napoleon Hill – A Discussion and study – Audio
- Nineteen Eighty-Four: A Conversation On 1984 – Audio
- The Great Gatsby: A Discussion and Study Guide – Audio
