This story appears in log in, Daily newsletters can help you understand what the Trump administration knows without letting political news take over your life. Subscribe here.
Welcome to log out. Donald Trump stopped military aid to Ukraine on Monday night, a freeze that would completely weaken Ukraine’s stance Before peace talks with Russia. We will continue to track this conflict, but today I am focusing on the chaos surrounding Trump’s different periods of tariffs. To be clear, they are still continuing. If they keep moving forward, they will have a significant impact on the global order and your finances.
The latest one is: Trump hit Canada, Mexico and China on Tuesday with new tariffs. Importers will now pay a 25% tax on Mexican and Canadian products (10% in Canadian energy). Trump also raised tariffs on Chinese goods from 10% to 20%.
Canada has responded 25% to tariffs on certain U.S. goods, China announced retaliation against U.S. agricultural goods and technology companies, and Mexico promised to respond in the coming days.
How will the trade war affect me? If the tariffs persist, it is expected that when the importer passes the tax to the consumer, more will be paid on the long goods, everything from gas to food to the new home. And, if the trade war escalates, prices are expected to continue to climb.
What does this mean to the world? If tariffs remain in place (or upgraded), it may abandon the global free trade system to replace it with renewed trade protectionism. This could limit economic losses if Trump changes courses tomorrow and allocates tariffs on Canada and Mexico, but it will further tense ties with the country’s two closest allies. We will notify you in a timely manner.
So it’s time to log in. Yes, you can really write off politically for a day. I know Trump will give a big speech tonight, but we will review it tomorrow morning on Vox. As you save time, do I recommend watching a live-action short film that won an Oscar? I’m not a robot It’s a 22-minute gem, ultimately about what humans mean. I won’t say something, but hope you like it. I’ll see you tomorrow.
