Home / General / The Low Grocery Prices President imposes huge across-the-board mutually punitive tariff on closest allies

The Low Grocery Prices President imposes huge across-the-board mutually punitive tariff on closest allies

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And here we go:

President Donald Trump on Saturday signed an order to impose stiff tariffs on imports from Mexico, Canada and China — fulfilling one of his post-campaign commitments to voters that also carries the risk of sparking higher inflation and disrupting businesses across North America.

Trump’s order also includes a mechanism to escalate the rates if the countries retaliate against the U.S., as they are possibly prepared to do.

The decision throws the global economy and Trump’s own political mandate to combat inflation into possible turmoil, though the Republican president posted on social media that it was necessary “to protect Americans.”

The tariffs risk an economic standoff with America’s two largest trading partners in Mexico and Canada, upending a decades-old trade relationship with the possibility of harsh reprisals by those two nations. The tariffs also if sustained could cause inflation to significantly worsen, possibly eroding voters’ trust that Trump could as promised lower the prices of groceries, gasoline, housing, autos and other goods.

If you like having a lot less take-home pay, this will work out great for you:

“For the typical American household, the tariffs will mean a loss of about $1,200 in purchasing power, according to the Budget Lab at Yale University, a nonpartisan research center.” www.washingtonpost.com/business/202…

[image or embed]— Daniel Drezner (@dandrezner.bsky.social) February 1, 2025 at 2:37 PM

With the Project 2025 stuff currently decimating the administrative capacity of the government, you could give voters a partial pass because once Trump went with his highly sophisticated strategy of “lie his ass off all the time” he got almost no pushback from the political media. But on Trump’s impoverishing and hyper-inflationary policies, one thing you can never say is that you haven’t been told.

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