Trump's tariffs on Canada, Mexico and China could mean higher inflation and economic disruption

Contributing sentiments towards policy:

66% : "We were the richest country in the world," Trump said Friday.
53% : While she has emphasized the ongoing dialogue since Trump first floated the tariffs in November, she has said that Mexico is ready to respond, too. Mexico has a "Plan A, Plan B, Plan C for what the United States government decides," she said.
49% : "You see the power of the tariff," Trump told reporters Friday.
48% : Trump has fondly called McKinley, an Ohioan elected president in 1896 and 1900, the "tariff sheriff.
47% : Trump has said that the government should raise more of its revenues from tariffs, as it did before the income tax became part of the Constitution in 1913.
46% : " Setser noted that the tariffs on China without exemptions could raise the price of iPhones, which would test just how much power corporate America has with Trump.
43% : Trump is honoring promises he made in the 2024 White House campaign that are at the core of his economic and national security philosophy, though Trump allies had played down the threat of higher import taxes as mere negotiating tactics. PHOTOS:
43% : " Brad Setser, a senior fellow at the Council on Foreign Relations, noted on the social media site X that the tariffs "if sustained, would be a massive shock - a much bigger move in one weekend than all the trade action that Trump took in his first term.
39% : " Trump, who has aspired to remake America by using McKinley's model, is conducting a real-time experiment that the economists who warn tariffs lead to higher prices are wrong.
38% : It is unclear how the tariffs could affect the business investments that Trump said would happen because of his plans to cut corporate tax rates and remove regulations.
32% : Many voters turned to Trump in the November election on the belief that he could better handle the inflation that spiked under Democratic President Joe Biden.
27% : Trump still has to get a budget, tax cuts and increase to the government's legal borrowing authority through Congress.
20% : It is possible that the tariffs could be short-lived if Canada and Mexico can reach a deal with Trump to more aggressively address illegal immigration and fentanyl smuggling.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.