President Donald Trump’s proposed tariffs on imports from Canada and Mexico are currently on hold for 30 days as negotiations continue. The tariffs, which include a 25% tax on all imports and a 10% carve-out for Canadian energy resources, are part of Trump’s strategy to leverage negotiations with these countries.
Trump’s administration released a statement over the weekend, emphasizing the president’s commitment to securing the border.
“President Trump is keeping his promise to stop the flood of illegal aliens and drugs: When voters overwhelmingly elected Donald J. Trump as President, they gave him a mandate to seal the border. That is exactly what he is doing.”
The president’s approach sparked concerns among economists who fear of a potential trade war. Gonzaga Associate Professor of Economy Ryan Herzog noted inconsistent messaging from the president about why tariffs on the table with neighboring countries.
“We were originally told it was to raise revenue, and then we were told it was to bring back domestic manufacturing,” Herzog said. “And …