Reported about 15 hours ago
The Trump administration's aggressive tariff strategy includes 25% tariffs on imports from Mexico and Canada, with additional tariffs on Chinese goods and Canadian energy. Delays on Mexican tariffs have been implemented as negotiations continue regarding migration policies. Economist Joseph LaVorgna outlines three critical functions of tariffs: generating revenue, enhancing national security, and promoting reindustrialization. He emphasizes the necessity of a comprehensive approach to border issues and acknowledges the potential pain for U.S. industries while highlighting the overall goal of reindustrialization.
Source: YAHOO