Impact of Trump's Tariffs

Donald Trump has imposed significant tariffs on Canada, Mexico, and China, raising concerns among economists and market analysts about the potential repercussions. These tariffs, set at 25% on goods from Canada and Mexico and 10% on Chinese imports, are seen as a drastic shift from prior trade policies. Economists from both sides of the political spectrum generally agree that free trade has historically been beneficial, which makes the current move particularly alarming. The suddenness of the tariffs caught many off guard, leading to immediate declines in the stock market and confusion about the long-term implications.