Podcast host Josh Holmes explains President Donald Trump's plans to go to social media to implement tariffs and weighs after discussing Elon Musk's remarks at the first cabinet meeting.
President Donald Trump said Monday that tariffs will reach “outside” agricultural products in early April.
“To the great farmers of America: Be prepared to start making lots of produce to sell lots of produce in the United States. Tariffs will be on external products on April 2nd. Have fun!” Trump posted on Truth Society on Monday.
The announcement comes as tariffs on the US major trading partners are set to take effect in the middle of the night. Trump imposed 25% tariffs on Canada and Mexico following last-minute concessions from both countries. Officials from North American countries have been negotiating with the Trump administration in recent weeks, but no agreement has been announced to reduce incoming tariffs.
What are tariffs, how do they work and who will pay for them?
China's imports will also be hit by another 10% tariffs in the middle of Tuesday night. The president had previously already charged 10% collection on Chinese imports earlier this year.
The White House previously said that tariffs are “being responsible for taking responsibility for their commitment to stop illegal immigration and stopping toxic fentanyl and other drugs from flowing into our country.”
Farmers tend to produce at Cerra Farm in Brentwood, New York. (Alejandra Villa Loarca / Newsday RM Via / Getty Images)
Last week, Trump posted about the true society that illegal drugs are still coming to the United States at “highly unacceptable levels.”
What will happen to Trump's tariffs in China, Canada and Mexico?
“We cannot allow this tragedy to harm the United States, and therefore the proposed tariffs scheduled to come into effect on March 4th will be in effect as planned,” he added.
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Anders Hagstrom from Fox Business contributed to this report
