The Fox News Rundown Evening Edition: Trump Begins His Tariff War
Feb 3, 2025
Sean Fieler, Chief Investment Officer of Equinox Partners, dives into the implications of President Trump's newly signed tariffs on Mexico, Canada, and China. He discusses how these tariffs relate to fentanyl trafficking and border security. Fieler analyzes their economic impact, emphasizing potential disruptions in trade relations and domestic markets. He also touches on the historical context of tariffs in U.S. policy and the complexities of negotiating international relations while addressing public health crises.
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Trump's Tariff Strategy
- President Trump is using tariffs against Mexico, Canada, and China.
- These tariffs relate to fentanyl trafficking, illegal immigration, and broader economic negotiation.
Tariffs: From Revenue to Negotiation
- Tariffs are taxes on imported goods, historically a primary source of US government revenue.
- They are now used as a negotiating tool.
Tariffs as a Response to Drug Crisis
- Trump's tariff threats aim to address the national emergency of drug overdose deaths exceeding 100,000 yearly.
- Canada and Mexico are targeted for their roles in fentanyl trafficking.