When one looks at a map of the United States, based on significance of trade with our leading trade partners–China, Canada, and Mexico–it is clear that Donald Trump’s plan to impose tariffs of 10 percent on China and 25 percent on Canada and Mexico, will cause an economic calamity.
Eighteen states have China as their major supplier of imported goods; twenty three states have Canada as their major supplier of imported goods; and three states have Mexico as their major supplier of imported goods. Germany, Saudi Arabia, and India have an impact in a few other states.
So it is pure insanity to impose protective tariffs, when history tells us it always leads to economic disaster.
Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar.
https://apnews.com/article/trump-dollar-dominance-brics-treasury-8572985f41754fe008b98f38180945c3
Trump could dismantle newly built guardrails around your wallet, consumer groups warn.
https://www.nbcnews.com/business/personal-finance/cfpb-biden-trump-consumer-protection-rcna180342
Trump names Peter Navarro, jailed for contempt of Congress, trade adviser.
https://www.theguardian.com/us-news/2024/dec/04/peter-navarro-trump-senior-counselor-trade-tariffs