Donald Trump has vowed to impose taxes and tariffs on foreign countries to enrich US citizens.
He plans to overhaul the US trade system, stating that instead of taxing American citizens to enrich other countries, he will tariff and tax foreign countries to benefit the US.
Trump has proposed imposing a 25% tariff on Canadian and Mexican imports, with an additional 10% on Chinese goods, unless they take action against illegal immigration and the flow of fentanyl into the US.
He’s also considering a 60% tariff on Chinese imports.
However, experts warn that these tariffs could have negative consequences for the US economy.
They predict that the tariffs will lead to higher costs for Americans, reduced economic growth, and potential job losses.
Some analysts believe that Trump’s tariff proposals are a negotiating tactic to secure better trade deals, while others think he’s serious about implementing them.
