Tech »  Topic »  As Trump slugs Canada, Mexico and China with tariffs, industry groups hope trade war weapon isn’t pointed at their feet

As Trump slugs Canada, Mexico and China with tariffs, industry groups hope trade war weapon isn’t pointed at their feet


United States President Donald Trump has delivered on his campaign promise to introduce tariffs, by slapping a 25 percent duty on imports from Canada and Mexico, and a ten percent impost on goods from China. Industry groups quickly responded by saying this is not a great idea.

Trump announced the tariffs in a Saturday Executive Order and accompanying fact sheet.

The latter states the tariffs are needed “to hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”

The tariffs and the rationale for them were widely expected, and we reported analysis of their impact before Trump’s announcement that suggested they could increase the price of a laptop by 68 percent for US shoppers, and slow economic growth in the US and elsewhere.

Industry reaction to Trump’s announcement expressed concerns about their impact ...


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