Levying a tariff on a good increases its cost for businesses and consumers, the Tax Policy Center warns.

After many threats and warnings on the campaign trail to levy tariffs on a number of different countries, President Trump today announced the first wave of tariffs against China, Mexico and Canada, with most of the emphasis placed on Mexico, blamed for the immigration and drug crisis in the United States. Mexico immediately responded with its own tariffs against the U.S.

Investopedia defines a tariff as “a tax imposed by one country on the goods and services imported from another country to influence it, raise revenues, or protect competitive advantages.” It also lists some criticisms of implementing tariffs:

  • They can make domestic industries less efficient and innovative by reducing competition.
  • They can hurt domestic consumers since a lack of competition tends to push up prices.
  • They can generate tensions by favoring specific industries or geographic regions over others. For example, tariffs designed to help manufacturers in cities may hurt consumers in rural areas who do not benefit from the policy and are likely to pay more for manufactured goods.
  • Finally, an attempt to pressure a rival country by using tariffs can devolve into an unproductive cycle of retaliation, commonly known as a trade war.

In other words, the importer (U.S. companies in this case) pay the additional fees.

Via executive order, “Trump is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy resources from Canada will have a lower 10% tariff.”

The Trump White House provided its reasons for the tariffs:

The extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, constitutes a national emergency under the International Emergency Economic Powers Act (IEEPA).

President Trump is taking bold action to hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.

The orders make clear that the flow of contraband drugs like fentanyl to the United States, through illicit distribution networks, has created a national emergency, including a public health crisis. Chinese officials have failed to take the actions necessary to stem the flow of precursor chemicals to known criminal cartels and shut down money laundering by transnational criminal organizations.

In addition, the Mexican drug trafficking organizations have an intolerable alliance with the government of Mexico. […]

Access to the American market is a privilege. The United States has one of the most open economies in the world, and the lowest average tariff rates in the world.

While trade accounts for 67% of Canada’s GDP, 73% of Mexico’s GDP, and 37% of China’s GDP, it accounts for only 24% of U.S. GDP. However, in 2023 the U.S. trade deficit in goods was the world’s largest at over $1 trillion.

President Trump promised in November to “sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders. This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!”

On the campaign trail, Trump emphasized his love for tariffs, as noted by The WinePress. “I can’t believe how many people are negative on tariffs that are actually smart,” Trump says. “Man, is it good for negotiation. I’ve had guys, I’ve had countries that were potentially extremely hostile coming to me and saying, ‘Sir, please stop with the tariff stuff.’”

Trump even hinted at hefty tariffs of 60% to 100% levied against China. He also has toyed with the idea of a 100% tariff on Mexican goods. 

World Affairs in Context reported Trump has also threatened 100% tariffs on BRICS+ members.

Read the rest of the report for free on Substack:

Read the rest of the report for free on Substack

[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.

CLICK HERE TO DONATE

1,106 Comments

  • I truly wanted to post a simple remark to be able to express gratitude to you for all of the splendid tips and tricks you are posting here. My time-consuming internet look up has at the end been compensated with brilliant tips to talk about with my family and friends. I ‘d point out that we visitors are very lucky to exist in a fine website with so many outstanding people with interesting techniques. I feel pretty privileged to have discovered your entire web pages and look forward to tons of more excellent times reading here. Thanks a lot again for everything.

  • Hey are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you require any coding expertise to make your own blog? Any help would be greatly appreciated!

  • I used to be very pleased to search out this web-site.I wished to thanks in your time for this glorious read!! I definitely having fun with each little bit of it and I’ve you bookmarked to take a look at new stuff you weblog post.

  • I’ve been absent for a while, but now I remember why I used to love this blog. Thanks, I will try and check back more frequently. How frequently you update your site?

  • Hi there! I’m at work surfing around your blog from my new iphone 4! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the great work!

  • I want to convey my appreciation for your kindness for persons that should have help on this important matter. Your special commitment to passing the solution across appears to be rather beneficial and have permitted many people like me to attain their targets. Your personal interesting tips and hints indicates a whole lot to me and even more to my office workers. Thanks a ton; from everyone of us.

  • My partner and I absolutely love your blog and find many of your post’s to be just what I’m looking for. Would you offer guest writers to write content in your case? I wouldn’t mind creating a post or elaborating on a number of the subjects you write about here. Again, awesome web log!

  • I like the valuable information you provide on your articles. I’ll bookmark your blog and check again right here regularly. I’m relatively sure I’ll be told lots of new stuff right here! Good luck for the next!

  • Nice post. I was checking continuously this blog and I’m impressed! Very useful information particularly the closing section 🙂 I care for such information much. I used to be looking for this certain info for a very lengthy time. Thanks and best of luck.

  • Howdy would you mind stating which blog platform you’re using? I’m going to start my own blog soon but I’m having a tough time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something completely unique. P.S Sorry for getting off-topic but I had to ask!

  • There are certainly a whole lot of particulars like that to take into consideration. That is a great level to carry up. I provide the ideas above as normal inspiration but clearly there are questions like the one you carry up where a very powerful factor shall be working in trustworthy good faith. I don?t know if greatest practices have emerged around things like that, however I am sure that your job is clearly recognized as a fair game. Both boys and girls really feel the impact of only a second’s pleasure, for the rest of their lives.

  • Hi there very nice website!! Man .. Excellent .. Amazing .. I will bookmark your website and take the feeds additionally?KI am glad to find so many useful info right here within the post, we want develop more techniques on this regard, thank you for sharing. . . . . .

  • What i don’t understood is actually how you are now not really a lot more well-appreciated than you might be now. You’re very intelligent. You know therefore considerably when it comes to this topic, produced me in my view consider it from numerous varied angles. Its like men and women aren’t interested except it?¦s one thing to accomplish with Lady gaga! Your own stuffs nice. Always handle it up!

  • What i don’t realize is if truth be told how you’re no longer actually a lot more well-liked than you may be right now. You are so intelligent. You understand therefore considerably in terms of this subject, made me individually consider it from a lot of numerous angles. Its like women and men aren’t involved until it is something to accomplish with Lady gaga! Your own stuffs nice. Always take care of it up!

  • I loved up to you will obtain performed right here. The sketch is attractive, your authored subject matter stylish. nevertheless, you command get got an shakiness over that you want be handing over the following. unwell no doubt come more in the past again since precisely the same nearly very regularly inside of case you defend this hike.

  • Hello! I know this is kinda off topic but I was wondering if you knew where I could locate a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having trouble finding one? Thanks a lot!

  • A powerful share, I simply given this onto a colleague who was doing a bit analysis on this. And he in truth bought me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the deal with! However yeah Thnkx for spending the time to debate this, I feel strongly about it and love studying extra on this topic. If doable, as you turn into experience, would you mind updating your blog with extra particulars? It’s extremely helpful for me. Massive thumb up for this blog post!

  • I haven?¦t checked in here for a while because I thought it was getting boring, but the last several posts are good quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂

  • My spouse and I absolutely love your blog and find many of your post’s to be exactly I’m looking for. Do you offer guest writers to write content for you personally? I wouldn’t mind publishing a post or elaborating on most of the subjects you write in relation to here. Again, awesome web site!

  • Almost all of what you mention happens to be supprisingly appropriate and it makes me ponder the reason why I had not looked at this in this light before. This particular piece truly did turn the light on for me as far as this subject goes. However there is actually one point I am not necessarily too comfy with and while I make an effort to reconcile that with the actual central idea of the point, permit me observe just what all the rest of the readers have to say.Very well done.

  • I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

  • I simply needed to say thanks all over again. I do not know the things I would have implemented in the absence of those strategies documented by you relating to that problem. It seemed to be the intimidating matter in my position, but observing your skilled technique you solved that took me to leap for delight. I’m just grateful for your work and then trust you recognize what an amazing job you are accomplishing educating people today through a web site. I am certain you’ve never met any of us.

Leave a Comment