Trade Tariffs Imposed by President Trump

SOURCE www.breitbart.com
President Trump has announced a 25% tariff on goods from Canada and Mexico, considering adding border taxes on oil from those countries. He is also planning to impose new tariffs on China for sending fentanyl into the US.

Key Points

  • 25% tariff on goods from Canada and Mexico
  • Consideration of border taxes on oil from these countries
  • Plan to impose tariffs on China for fentanyl trade

Pros

  • Addressing concerns about illegal immigration and smuggling of chemicals
  • Protecting domestic industries like oil and lumber

Cons

  • Potential negative impact on domestic economy
  • Possibility of retaliation from affected countries