Trump, on his first day in office, suggested he may do just that. Trump has threatened to impose 25% tariffs on all goods from Canada and Mexico on February 1 in response to what he views as inadequate border security failing to stop drugs and migrants from coming into the United States.
Trump already gave Davos a taste of what is to come since his inauguration on Monday, which coincided with the WEF’s first day: tariff threats against Mexico and Canada, the US withdrawal from the Paris climate pact,
U.S. President Donald Trump will speak remotely at the World Economic Forum on Thursday in Davos, Switzerland, delivering his first major speech to global business and political leaders. Trump is due to give a speech and engage in a dialogue at 11 a.
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Trump Just Took His Tariffs Threat to a Catastrophic Level
On Tuesday, Trump threatened a 10 percent tariff against China “based on the fact that they’re sending fentanyl to Mexico and Canada,” and said he was considering tariffs against the European Union over a $350 billion trade deficit. But at Davos, these threats did not go over well.
Civil organizations on Saturday called on the government of Claudia Sheinbaum not to give in to pressure from foreign companies during her participation in the World Economic Forum (WEF) and to promote an agenda that prioritizes social justice and care for the environment.
Despite fears that the tariffs could spark a global trade war and reignite inflation domestically, Jamie Dimon, CEO of JPMorgan Chase, said they could protect American interests and bring trading partners back to the table for better deals for the country,
Dimon's comments Wednesday come as Trump has threatened to impose a 25 percent tariff on products from Mexico and Canada by February 1 and a 10 percent tariff on Chinese imports. Earlier Wednesday, Trump also teased the notion of imposing "taxes, tariffs, and sanctions" on Russia if it doesn't end its war against Ukraine.
Bloomberg's Laura Davison shares her thoughts on President Trump's speech at Davos, the possibility for some type of tariff plan on Mexico & Canada to be announced on February 1st, and a federal judge blocking Trump's order on birthright citizenship.
U.S. President Donald Trump on Monday said he was thinking of imposing 25% tariffs on imports from Canada and Mexico because they were allowing many people to cross the border as well as fentanyl.
WASHINGTON - President Donald Trump said on Thursday that the "Golden Age" of America had begun and that it was "back and open for business" while addressing business and political leaders ...
Panama, Colombia and Mexico are among the first nations to discover how uncomfortable a Trumpian world can be. Some 80 per cent of Mexico’s exports go to the US. If Trump goes ahead with his threatened tariffs, he could push America’s southern neighbour into an economic depression.
Major global players are devising their strategies in response to the protectionism policies promised by the Trump presidency