Sign In
  • Africa
  • Trump
  • African
  • Guardian
  • Mail
  • South
logo
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Reading: Trump officially ushers in long-awaited tariffs on Canada, Mexico and China — here’s how it could affect ordinary Americans
Share
African News HeraldAfrican News Herald
Font ResizerAa
Search
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Follow US
© 2024 africanewsherald.com – All Rights Reserved.
African News Herald > Blog > Business > Trump officially ushers in long-awaited tariffs on Canada, Mexico and China — here’s how it could affect ordinary Americans
Business

Trump officially ushers in long-awaited tariffs on Canada, Mexico and China — here’s how it could affect ordinary Americans

ANH Team
Last updated: February 2, 2025 10:47 am
ANH Team
Share
SHARE

President Trump followed through on his promise to impose tariffs on Canada, Mexico, and China, with Canada and Mexico facing a 25% tariff and China a 10% tariff. The move is in response to the countries’ tolerance of illegal immigrants and the influx of fentanyl into the United States. The tariffs are part of the International Emergency Economic Powers Act, which allows the President to regulate imports during a national emergency.

Senate Minority Leader Chuck Schumer criticized Trump’s tariffs, stating that they would only raise prices for Americans and make life harder. He urged lawmakers to focus on addressing competitors like China instead of targeting allies. The tariffs are expected to impact various sectors, including cars, food, alcohol, and consumer electronics.

In the automotive industry, the tariffs could lead to higher prices for cars and vehicle parts imported from Mexico and Canada. Food prices, especially for fresh fruits from Mexico, are also expected to increase. Consumer electronics like smartphones, laptops, and video game consoles could see price hikes as well, affecting consumer spending power.

The Peterson Institute estimated that Trump’s proposed tariffs could cost the typical US household over $2,600 a year. The move has sparked concerns about the impact on the economy and everyday consumers. It remains to be seen how the affected countries will respond to the tariffs and how they will affect trade relations in the long run.

See also  Warner Bros. Discovery shareholders reject CEO David Zaslav's $52M pay package
Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
TAGGED:AffectAmericansCanadaChinaHereslongawaitedMexicoOfficiallyOrdinarytariffsTrumpUshers
Share This Article
Twitter Email Copy Link Print
Previous Article Baldoni Preempts Court Hearing with Website Detailing Dispute with Lively
Next Article Ultimate Guide to Cross-Border Expansion for African Startups
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Pick

Best Phone 2024: Top 10 Mobile Phones Today

Need a new phone? The constant influx of new handsets can make it challenging to keep track of what's worth…

November 12, 2024 3 Min Read
14 best trading platforms in Nigeria 

Avatrade is regulated by the Central Bank of Ireland, ASIC in Australia,…

20 Min Read
The fall of Ghana’s NPP and the resurgence of the NDC in the 2024

The 2024 general elections in Ghana marked a seismic shift in the…

8 Min Read

Lifestyle

Discover the Netflix characters setting 2025 fashion trends

Netflix character fashion has become a hot topic online, with…

July 8, 2025

Ayanda Thabethe says ‘I do’ in intimate wedding ceremony

TV presenter Ayanda Thabethe recently shared…

July 7, 2025

Upgrade PCs to upgrade security

The Rise of Cybercrime in Africa:…

July 7, 2025

5 things never to say to a bride before her wedding

Things to Avoid Saying to a…

July 6, 2025

WATCH: TikTok ASMR trend heads to the massage studio in SA

ASMR, short for autonomous sensory meridian…

July 6, 2025

You Might Also Like

Business

Musk’s New Party Sinks Tesla Shares, Angers Trump

Tesla Stock Plummets Following Elon Musk's Political Ambitions Tesla shares took a nosedive on Monday, dropping by as much as…

4 Min Read
Business

Top 10 African countries with the highest international air ticket charges

Africa’s tourism sector is experiencing a robust recovery and promising growth, with 66.3 million international tourists visiting the continent in…

3 Min Read
Technology

I tested it for 5 Days — Here’s what i found

This allows Replika to adapt more quickly to individual users, personalize conversations, and hopefully avoid some of the pitfalls of…

16 Min Read
Trump signs executive order extending tariff deadline to August 1
Ghana

Trump signs executive order extending tariff deadline to August 1

U.S. President Donald Trump has made a decision to delay the implementation of "reciprocal" tariffs until August 1st, signing an…

2 Min Read
logo logo
Facebook Twitter Youtube

About US

Stay informed with the latest news from Africa and around the world. Covering global politics, sports, and technology, our site delivers in-depth analysis, breaking news, and exclusive insights to keep you connected with the stories that matter most.

Top Categories
  • Africa
  • Business
  • Entertainment
  • Sports
Usefull Links
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2024 africanewsherald.com –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?