The auto industry has built a North American supply chain that ping-pongs parts between the U.S., Mexico and Canada. Tariffs of 25%, if actually imposed, would be costly for buyers and the industry.
President Trump renewed his threat to impose 25% tariffs on imports from Mexico and Canada as early as this weekend. The move could raise prices on everything from gasoline to guacamole.
President-elect Donald Trump has said his tariffs will raise revenues, boost U.S. jobs, and help stop the drug trade. But some of these goals are at odds with the others.
China has raced to fill orders ahead of President-elect Donald Trump's promised tariffs on Chinese goods. Exports have surged in the country since the pandemic.
With his nomination, Trump is leaning on a former business executive-turned politician to serve as the administration's envoy to America's most potent economic and military adversary.
The Canadian prime minister's meeting with Donald Trump at Mar-a-Lago came after the president-elect's threat to impose tariffs on two of America's leading trade partners raised alarms.
On the Wednesday, Nov. 13 edition of Georgia Today: A look at how President-elect Trump's proposed tariffs would impact the economy and your wallet; Georgia leaders invest in peer support centers to help those with behavioral health issues; and two Atlanta based humanitarian groups call for Israel to be held accountable for the crisis in Gaza.
President Biden used to tell world leaders "America is back," implying the Trump era's go-it-alone ethos was a one-term blip. But Biden needs a new line for this week's APEC and G20 summits.
Former President Donald Trump called for a "manufacturing renaissance" in a Savannah, Ga., speech on Tuesday, proposing measures some economists say would raise prices on Americans.
