How tariffs will make America poorer

 https://www.washingtonpost.com/opinions/2025/03/04/trump-tariffs-mexico-canada-address/

In the first chaotic weeks of his presidency, Donald Trump has demonstrated his contempt for the institutions and alliances that cemented the postwar democratic world. He has shown his disdain for the federal bureaucracy. And he has belittled Congress, repeatedly trying to usurp its powers.

Then on Tuesday, the president revealed his indifference to the voters who put him in office: By imposing substantial tariffs on Mexico, Canada and China, countries that account for about 40 percent of U.S. exports and 42 percent of imports, he endangered the livelihoods of millions of the blue-collar Americans who make up his voting base.

But 25 percent across-the-board tariffs on imports from Canada and Mexico (with an exception for Canadian oil, which was hit with a 10 percent levy), plus 10 percentage points added to the 10 percent tariffs imposed last month on Chinese goods, will raise prices and cut jobs in America.