Tomorrow, tariffs will either go into place targeting Canada, Mexica, and China — creating a recession for at least our closest trading partners, devastating the auto industry, and likely leading to a stock sell-off — or Trump will back down.
This may or may not be the most destructive thing Trump did in the last week, but because it’ll elicit quicker pushback from businesses and Republican members of Congress, it may create an early opportunity to push back on Trump’s unconstitutional power grabs.
And that’s why it matters that a number of media outlets are both burying the stated excuse for the tariffs and debunking that stated excuse as a lie. As described in the Fact Sheet announcing the sanctions, Trump is purportedly invoking a national emergency under IEEPA to impose the sanctions.
ADDRESSING AN EMERGENCY SITUATION: The extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, constitutes a national emergency under the International Emergency Economic Powers Act (IEEPA).
- Until the crisis is alleviated, President Donald J. Trump is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy resources from Canada will have a lower 10% tariff.
- President Trump is taking bold action 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.
Yet Trump’s claims...
In This Article: WBA +0.78% Walgreens agreed to pay the United States $300M, plus interest at a rate of 4.00% per annum accruing from October 20, 2024, of which $150M shall constitute restitutio...