Lawmakers warn of ‘devastating consequences’ of Trump tariffs [Video]

Most of Maine’s Congressional delegation believes that President Donald Trump’s 25% tariffs on goods from Mexico and Canada will have a “huge and immediate” impact on Maine residents and the economy. The only goods that won’t face a 25% tariff from Canada are energy-related items such as crude oil, which will instead be subject to a 10% tax.Gov. Janet Mills says that the tariffs will increase prices on gasoline, energy resources, and groceries at a time when Mainers “can least afford it.” They also arrive at a time when inflation remains stubbornly high and consumer spending, the backbone of the economy, unexpectedly dropped in January. Trump also doubled the tariff on all Chinese imports from 10% to 20%. The White House says the tariffs are necessary to reduce the amount of fentanyl that’s trafficked into the U.S. “While President Trump gave both Canada and Mexico ample opportunity to curb the …