President Donald Trump has said many times that “tariffs are the most beautiful word in the dictionary.”
There are many political positions that the president-elect may have adopted in his later years, but as the Guardian's U.S. business editor, dominic rush His commitment to tariffs is long and deep-rooted, he explains.
And, as announced last month, as soon as he re-enters the White House, he will aim to impose a 25% tariff on all imports from Canada and Mexico, as well as an additional 10% tariff on products from China. Probably.
This is partly a policy that President Trump is using as a threat, a negotiating tactic to try to force concessions on unrelated issues from America's largest trading partner. But it also stems from faith and belief that the tariff system has the potential to bring back manufacturing jobs across the United States.
Still, will Mr. Trump actually go through with his plan, which economists warn could cost households in the country up to $2,500 more a year? Even if that happens, will those jobs come back anyway?
Meanwhile, our senior China correspondent said, amy hawkins say michael safi China has spent a lot of time preparing for President Trump's tariffs, noting that they could push the global economy into a trade war that could cause pain on all sides.
