Economic reports and analyses from credible sources like the U.S. Bureau of Economic Analysis

Trump's Tariffs Threaten 400,000 US Jobs, Mexico Warns and Threatens Retaliation

Nov 28, 2024, 05:14 AM

President Donald Trump has announced plans to impose tariffs on China, Canada, and Mexico, aiming to address various economic and security concerns, including stemming the flow of fentanyl into the U.S. Mexico has warned that these tariffs could result in the loss of 400,000 U.S. jobs and has threatened retaliation. Analysts suggest that while Mexico might face economic challenges, the U.S. could be more adversely affected in the short term, at least until 2027. Trump's tariff strategy is seen as a high-risk, high-reward approach to trade policy, with potential impacts on the U.S. economy being closely watched.