A fresh trade war is brewing, and business leaders aren’t sure what to make of it.
Over the weekend, Donald Trump slapped steep tariffs on three of the U.S.’s biggest trading partners—25 % on imports from Canada and Mexico and 10% on China.
The move, set to take effect Tuesday, has drawn praise and scorn, with The Wall Street Journal calling it “the dumbest trade war in history.”
Critics Warn Of Consequences
Trump defended the tariffs on Truth Social, citing “the major threat of illegal aliens and deadly drugs killing our citizens.”
However, critics argue that Canada and Mexico—historically close allies—are hardly responsible for the fentanyl crisis.
While some business leaders see the tariffs as a way to protect American industries, others warn of rising costs, inflation, and strained relationships with key trade partners.
Trump himself has called upon Americans that the recent tariffs will cause pain, but it’s worth the price.
