Tariffs on Canada, Mexico, and China

SOURCE www.nbcnews.com
President Trump signed executive orders imposing tariffs on Canada, Mexico, and China, with a 25% tariff on most Mexican and Canadian imports and a 10% tariff on Chinese imports.

Key Points

  • President Trump signed executive orders imposing tariffs on Canada, Mexico, and China
  • 25% tariff on most Mexican and Canadian imports, 10% tariff on Chinese imports

Pros

  • May protect domestic industries
  • Could create more job opportunities in the U.S.

Cons

  • Could lead to higher prices for consumers
  • May strain international trade relationships