Mexico, Trump and Rio Grande water
Digest more
11monon MSN
Trump's tariffs on Mexico, Canada would sharply boost inflation, hurt economy, experts say
President-elect Donald Trump's threatened tariffs on imports from Mexico and Canada would reignite inflation in 2025, hurt the economy, experts say.
When President Donald Trump introduced his “Liberation Day” tariffs in April, many economists predicted Americans would soon experience massive price increases. While inflation has ticked up in the eight months that passed,
U.S. announces a 90-day pause on higher country-specific “reciprocal” tariffs previously announced on April 2, 2025, except for those against China (approximately 60 countries affected), until July 9, 2025. The pause was extended to August 1, 2025, and ultimately came into effect on August 7, 2025.
U.S. President Donald Trump met with the leaders of Mexico and Canada to discuss trade issues on Friday after the leaders hosted the 2026 World Cup draw at Washington's storied Kennedy Center.