Comment by TrackerFF
7 days ago
...and every country USA has a positive trade with, will get slapped with the 10% tariff. Every country on the table Trump posted, that have received the 10% tariff, the US have a positive trade with.
No winners in this one.
Plenty of countries got excluded from this—Canada, Mexico, Belarus, Russia...
Canada and Mexico were already hit with 25% tariffs (on non-USMCA-compliant goods) last month...
Source for original tariffs: https://www.wsj.com/economy/trade/trump-tariffs-canada-mexic...
Source for continued original, but no new tariffs: https://www.wsj.com/livecoverage/trump-tariffs-trade-war-sto...
Not saying I agree with it, but Trump has communicated that ideally these international companies would build factories in the US. There would be no point in doing that if not for some floor tariff.