Post Reports The Trump tariff flip-flop
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Feb 3, 2025 
Mary Beth Sheridan, Mexico City bureau chief for The Washington Post, delves into President Trump's recent tariff announcements affecting Mexico, Canada, and China. She explains the potential economic consequences, including rising prices for everyday goods like cars and smartphones. The discussion highlights the complex interplay between trade policies and border security, as well as the urgent negotiations between Trump and foreign leaders. Listeners gain insights into how tariffs can shape international relations and impact consumer costs.
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Tariffs Explained
- Tariffs are a tax on imported goods, paid by the importing company, not the exporting country.
- This cost often gets passed on to consumers, raising prices and potentially decreasing demand.
Trump's Tariff Tactics
- Trump has used tariffs as a pressure tactic before, successfully getting Mexico to increase border security in 2019.
- This time, his reasons are broader, including trade deficits and encouraging domestic manufacturing.
Canada Tariff Delay
- Trump agreed to delay tariffs on Canada after a phone call with Trudeau.
- This follows escalating tensions and Trudeau's public message to Americans about the potential harm.