US President Donald Trump signed an execution order at the Oval Office of the White House, Washington, USA on January 30, 2025.
Elizabeth Frantz | Reuters
The White House has obviously ended fierce speculation. The White House confirmed on Friday that President Donald Trump will increase tariffs on active tariffs on major US trading partners this weekend.
The White House press secretary Karoline Leavitt said that Trump will impose 25 % tariffs on Mexico and Canada and 10 % tariffs on China to retaliate “they have purchased and were allowed to be distributed to our country Illegal fentini.
The White House provided details about how to levy taxes, saying that they would conduct public inspections at some time on Saturday.
News Dow Jones Industrial average A drop of 300 points, about 0.7 %. this S & P 500 The transaction is slightly lower, and Nasdaq composite material The transaction is slightly higher. Earlier that day, these three main benchmarks were stable.
DOW IndustRIALS slide
“These are the promises and commitments made by the president.”
There is no news about potential exemption to tariffs. The White House denied earlier Reuters that at least there will be some exclusion, rather than simply covering the coverage measures of all products, and tariffs will be postponed to March 1.
The United States jointly carried out an annual business of about 1.6 trillion US dollars in three countries/regions. Trump tries to use tariffs as negotiation chips and methods to affect changes in foreign policy, especially immigrants and drug trade.
“We have the arrival of a super bowl, which is very strange. The number of people who are suitable for (New Orleans) Super Toms are almost equal to the number of people dying in the United States every year in the United States. This comes from China and Mexico,” Trump Trade Counselor Peter · Peter Navarro told CNBC in an interview earlier on Friday. “This is why we discuss this kind of discussion.”
Economists are worried that tariffs may restart inflation when price pressure begins. The Ministry of Commerce reported on Friday that the Fed’s inflation rate rose to 2.6 % in December, but the details in the report seemed more positive.
However, Fed officials said they are monitoring the influence of fiscal policy.
Michelle Bowman, Governor of the Federal Reserve, said: “In addition to the confidence in how to respond to the economy, it will be very important to have a better understanding of actual policies and how to implement it.”
Austan Goolsbee, chairman of Chicago Federal Reserve, delivered a speech on the CNBC on Friday morning that the key is whether tariffs are disposable incidents or retaliation.
