Breitbart Business Digest: Trump Threatens 25% Tariffs on Mexico and Canada

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President-elect Donald Trump said on Truth Social that he would imposethrough an executive order that he would sign on January 20, the day he is scheduled to take the presidential oath of office.Trump’s post caught many people by surprise, which is itself surprising. Trump has been very clear that he plans to use. He does not look at tariffs as simply a “protectionist” policy to defend critical U.S. industries. Instead, he sees tariffs and access to U.S.

Trump’s ask is hardly onerous. Neither Mexico nor Canada has a strong self-interest in resisting U.S. border control or facilitating the fentanyl trade. Both have an extremely strong self-interest in maintaining their access to U.S. consumers. As Sara Eisen of CNBC. Mexico’s exports to the U.S. add up to nearly one-quarter of its gross domestic product.

 

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