President Donald Trump’s sweeping tariff policy is reshaping North America’s trade landscape, according to The Wall Street Journal. On March 4, the U.S. imposed a 25% tariff on goods from Canada and Mexico not compliant with the USMCA. Canada imposed over $40 billion in retaliatory tariffs on U.S. goods, while Mexico chose not to enact new trade penalties. China faces 145% in cumulative tariffs and responded with retaliatory duties on U.S. energy, agriculture, and industrial products. A 10% across-the-board tariff imposed on April 5 excluded goods already targeted by earlier levies.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump's sweeping tariff policy is reshaping North America's trade landscape,
00:07according to the Wall Street Journal. On March 4th, the U.S. opposed a 25% tariff on goods
00:11from Canada and Mexico not complying with the USMCA. Canada opposed over $40 billion in
00:16retaliatory tariffs on U.S. goods, while Mexico chose not to enact new trade penalties. China
00:22faced 145% in cumulative tariffs and responded with retaliatory duties on U.S. energy,
00:27agricultural, industrial products. 10% across the board tariff was on April 5th,
00:32including goods already targeted by earlier levies.
00:35For all things money, visit Benzinga.com slash GSTV.