Mexico, Trump and European Union
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Businesses typically pass tariff costs onto consumers through higher prices. Sometimes, that process is less subtle.
President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.
Mexico did not face a new tariff on April 2, the day of Trump's so-called "Liberation Day" tariff rollout. There remains a 25% tariff on non-USMCA-compliant goods from Canada and Mexico, as well as a 50% tariff on steel, aluminum and derivative products.
Financial markets, which have shown increasing insensitivity to tariff threats from the US, will face a test at the Monday open after President Donald Trump declared a 30% rate for the European Union and Mexico effective Aug.
Trump and his aides have repeatedly shifted their stance on tariffs since the president’s “Liberation Day” announcement.
2don MSN
Plus, the Justice Department has subpoenaed 20 doctors and clinics involved in “performing transgender medical procedures on children.”
The pause on the biggest of Trump's tariffs won't end this week, but the president continues to pledge steep new duties against major countries.
President Trump warns Canadian Prime Minister Mark Carney of a new 35% tariff on Canadian imports if the country doesn't address fentanyl trafficking and existing trade disputes.