mega swerte Here’s What to Know About Trump’s Tariffs

Follow live updates on Trump’s administration and tariff orders.mega swerte

President Trump on Saturday signed executive orders imposing sweeping tariffs on the country’s three largest trading partners, a move that risks unleashing a damaging trade war.

Trade wars were a feature of Mr. Trump’s first term in the White House, too. But his latest tariffs on Canada, Mexico and China, which are set to take effect at 12:01 a.m. Eastern time on Tuesday, may broaden the scale of disruptions. The three countries account for more than a third of the products brought into the United States, supporting tens of millions of American jobs.

Here’s what to know about the anticipated fallout from the tariffs:

All goods imported from Canada and Mexico will be subject to a 25 percent tariff, except Canadian energy products, which will face a 10 percent tariff, according to the executive orders. The orders also placed a 10 percent tariff on Chinese goods.

The auto and electric equipment sectors in Mexico are most exposed to disruption from sweeping tariffs, as is mineral processing in Canada,phmoba casino according to economists at S&P Global. In the United States, the largest risks are to farming, fishing, metal and auto production.

Some companies may try to pass the cost on to their customers by raising prices. Others may opt to eat the cost of the tariff. Companies may also try to force foreign suppliers to bear the burden by negotiating lower prices for their products.

When Mr. Trump imposed tariffs on China during his first term, economic studies found that most of those costs were passed on to American consumers — a scenario that is likely to play out once again. That could mean higher prices in grocery aisles, at car dealerships and at the pump.

We are having trouble retrieving the article content.

Please enable JavaScript in your browser settings.

Mr. Biden even held on to hope for the transformative peace deal for the Middle East that he thought was within grasp a year ago, believing it could survive even as the war between Hamas and Israel tore at its foundations.

But the truth is that Mr. Biden will speak at a time of deep uncertainty about the future of America’s role in the world, including the war in Ukraine, escalating conflicts in the Middle East and growing economic competition with China.

Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.

Thank you for your patience while we verify access.

Already a subscriber? Log in.

Want all of The Times? Subscribe.mega swerte