Sunday, February 2, 2025

With stiff tariffs he promised now in place, Trump opens a new trade war

 https://edition.cnn.com/2025/02/01/politics/tariffs-trump-campaign-promise/index.html

Saturday’s tariffs amount to a starting gun on what could escalate into a global trade war, with the potential for higher costs, disrupted supply chains and a loss of jobs. The duties he approved Saturday have a lower 10% rate on Canadian energy, a tacit acknowledgement that the tariffs could lead to higher gas prices. Even Trump acknowledged the potential for adverse consequences on American consumers.

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