Trump Fires First Shots In Trade War With Tariffs on Mexico, Canada

Contributing sentiments towards policy:

55% : On Jan. 21, Canadian Prime Minister Justin Trudeau said Canada also had its own cards to play if Trump went ahead.
55% : "If the American economy is going to see the boom that Donald Trump is predicting they are going to need more energy, more steel and aluminum, more critical minerals, more of the things that Canada sells to the United States every single day," Trudeau said.
49% : The last time the U.S. saw a surplus in international trade was 1975, under President Gerald R. Ford.
39% : "The political problem for President Trump would not be so much the small increase in the average US price level as price spikes in recognizable goods, like gasoline at the pump in some locations, certain auto brands, avocados, and tomatoes," the authors wrote.
35% : But that is unlikely to deter Trump.
32% : But more important for Trump may be the economic costs.
30% : Trump had also threatened to impose a 10% tariff on goods from China, the country with the largest trade imbalance with the United States.
30% : Trump has long cited trade deficits as evidence individual countries are "ripping off" the United States, but economists in general are much more relaxed about the issue.
29% : Trump has said the goal is to get those countries to crack down on undocumented immigration and supplies of fentanyl, a synthetic opioid, coming through the border.
27% : Fields' post did not say when the tariffs would take effect but Trump had threatened to put them in place Saturday.
23% : Mexican President Claudia Sheinbaum was skeptical Wednesday Trump would follow through with his threat, telling reporters, "We don't think it's going to happen really," adding "And if it happens, we also have our plan.

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