On the menu today: In normal times, “controversial trade issues” would refer to the fact that Luka Doncic is now a Los Angeles Laker. Instead, President Trump’s new 25 percent tariff on Canada and Mexico, and 10 percent tariff on China, are slated to go into effect Tuesday, and those countries are pulling U.S. goods off the store shelves in retaliation. A trade war has begun, and you’re going to see the effect in prices at the store quite soon. Elsewhere, we get a form of proof of life from our most recent former president.
The Trade War, Coming Soon to a Store Near You
Welcome to the first Monday of the North American Trade War.
Up until now, imports from Canada and Mexico largely entered the U.S. market either duty free or at average ad valorum (in proportion to the estimated value of the goods or transaction concerned) tariff rates less than 1 percent. This was arranged under the U.S.-Mexico-Canada Trade Agreement ...
|
