- Donald Trump
  person
- Justin Trudeau
  person

Tariffs take toll on small US business

Voice Of America

Voice Of America

Summary

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Trump's address to a joint session of Congress came after he pushed forth with tariff hikes on the three countries over illegal immigration and drug trafficking.
The Manila Times
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US President Donald Trump's 25% tariff on goods from Canada and Mexico, along with the heightened 20% levy on Chinese goods is in force.
Hindustan Times
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The fallout, assuming Trump does not backtrack in the face of falling stock markets and cracks to consumer and business sentiment, is expected to be broad, deep and time-consuming as the world's largest economy adjusts to the overnight shock of a 25 percent tariff on most goods coming from Mexico and Canada, both close trading partners and geographic neighbors, and an additional 10 percent duty on imports from China.
The Korea Times
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Farmers and meat producers across the U.S. can expect the new tariffs on Mexico, Canada and China and the retaliatory action from those countries to hurt their bottom lines by billions of dollars if they stay in place a while, and consumers could quickly see higher prices for produce and ground beef.
Japan Today

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updated 88:88

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