Week 12 of Trump 2.0: Tariff Escalation, Budget Resolution, and Supreme Court Decisions
President Trump kicked off the last week with sweeping new tariffs that rocked the global economy. A baseline 10% tariff on nearly all imports was implemented, alongside country-specific tariffs as high as 145% on Chinese goods.
Liberation Day Tariffs: The Trade War’s New Battlefront
April 2nd, brought the Liberation Day tariff announcement from the President. Below is a deep dive of the official documents from the White House, and what to expect moving forward.
Additional Details on Major Trade Actions
On February 1, 2025, President Donald Trump issued executive orders imposing tariffs on imports from China, Canada, and Mexico in response to alleged illicit drug flows, organized crime, and illegal immigration. These tariffs take effect on February 4, 2025. The measures apply broadly across multiple industries, with potential further escalation if retaliatory actions occur.
Trump Imposes Sweeping Tariffs: 25% on Canada and Mexico, 10% on Canadian Energy
February 1st, 2025, President Donald Trump imposed a 25% tariff on imports from Canada and Mexico, with an additional 10% tariff on imports from China. He specified that shipments of Canadian oil to the United States would be 10%
Thanksgiving Worries Amid Trump's New Proposed Trade Policies
As Americans sat down for Thanksgiving this year, many enjoyed a financial reprieve with holiday meal costs at their lowest in years. Yet, the looming policy shifts under the incoming Trump administration cast a shadow over these celebrations.