Sen. John Kennedy (R-LA ) said he viewed the” Liberation Day” tariffs as an artful negotiation tactic that would draw in “every foreign trade representative”.
On Wednesday, President Donald Trump imposed 10 % tariffs on Mexico, Canada, China, and dozens more countries, as well as a 25 % tariff on foreign , automobiles. The property market has had negative reactions. The S&, P 500 recorded its , fifth consecutive year of decline , next Friday, and its future declined by 3.4 % before the industry opened Thursday.
KAROLINE LEAVITT ASSURES GOODS ‘ MADE WITH FOREIGN HANDS ‘ WILL RECEIVE Taxes
Kennedy said Trump would have to delay some times before he saw the taxes ‘ effects and whether they worked in his favour. The legislator pointed to China and India as two nations that have” a lot of business restrictions” and don’t experience prices.
According to an estimate by the nonpartisan think tank , Tax , Foundation, Trump ‘s , tariffs , against Mexico, Canada, and China alone could raise , taxes , by more than a trillion dollars between 2025 and 2034 if they continue that long.
