“Tariff Man” has returned. US President Donald Trump signed executive orders on Saturday to impose 25 percent tariffs on Canada and Mexico, and a 10 percent tariff on China, declaring a national emergency due to illegal migration and drugs. The tariffs, which include a carve-out of a lower 10 percent levy on Canadian energy, carry major implications for the economy, diplomacy, and geopolitics. Our experts explain it all below.
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Josh Lipsky: Beijing is breathing a sigh of relief
Jason Marczak: Can there be a short-term end game for Mexico?
Joseph Webster: These tariffs could upend energy sector business models
Barbara C. Matthews: This historic move means US trade treaties now come with a caveat
L. Daniel Mullaney: The tariffs genie is out of the bottle
Beijing is breathing a sigh of relief
Two things are true at the same time. These tariffs are more sweeping than any trade action we saw in the first Trump term and will impact over one trillion dollars in goods. The president has invoked the International Emergency Economic Powers Act (IEEPA) in an…