Warren Buffett Rebukes Trump’s Tariffs Plan in CBS Interview: ‘Act of War’
The rebuke of President Trump’s tariff plans came just days before sweeping tariffs on Canada and Mexico were expected to go into effect.
It Is Happening Every Day, Every Where
Canada is one of the United States’ largest trading partners, but President Trump wants to either take it or leave it.
China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.
The president initiated an investigation that could lead to tariffs on lumber imports, nearly half of which comes from Canada.
The cost of steel pipe used to line oil and gas wells rose after President Trump said he would impose tariffs on steel and aluminum imports.
The president also said he would impose an additional 10 percent tariff on China as he tries to force other countries to take more action on drug shipments.
The president also said he would impose an additional 10 percent tariff on China as he tries to force other countries to take more action on drug shipments.
The administration is positioning itself to clamp down on Chinese investment and access to technology. But the wild card may be the president himself.
Tariffs, if they are imposed, could boost U.S. production of a valuable resource but also raise costs for automakers, construction companies and others.
More Americans are starting to brace for higher prices as President Trump’s policies begin to take effect.