Trump’s tariff tactics carry higher economic risks than during his first term

Quick Summary:

WASHINGTON—When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on US trading partners created chaos, generated drama – and drew criticism from mainstream economists who favor free trade.

That is why the stock market briefly fell sharply Monday on anticipation of the tariffs, before rebounding on news of the pause with Mexico and Canada.

In addition to the threats to Canada, Mexico and the EU, Trump has threatened a worldwide tariff of 10 percent to 20 percent.

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Article Details

Author / Journalist: Paul Wiseman | The Associated Press

Category: BusinessStartups

Markets: PhilippinesCanadaChinaMexicoUnited StatesVietnam

Topics: First Inflation Percent Trump’s Prices China Tariffs Mexico Trump Trade Canada

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 12:47:44 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1194 words

Reading Time: 7 minutes read

Sentences: 56 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25909106

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 81 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 8 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

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Publisher ID: #37

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