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Trump’s 25% tariffs on Canada and Mexico will be a blow to all 3 economies
- This post analyzes the medium-term impacts on economic growth, jobs, exports, and inflation of the U.S. imposing across-the-board 25% tariffs on imports from Mexico and Canada, with and without retaliation.
- These tariffs will hurt all three countries and impede the United States’ ability to develop more secure supply chains and compete with China.
- Unless the Trump administration resolves its issues with Canada and Mexico and unwinds tariffs quickly, the economic, diplomatic, and strategic harms will be substantial.
- These tariffs will hurt all three countries and impede the United States’ ability to develop more secure supply chains and compete with China.
- Unless the Trump administration resolves its issues with Canada and Mexico and unwinds tariffs quickly, the economic, diplomatic, and strategic harms will be substantial.
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