Rep. Scott Perry (R-PA) told Newsmax on Tuesday that despite Democratic opposition, President Donald Trump’s tariffs are already showing positive economic results.
President Donald Trump stated during a White House Cabinet meeting on Monday that his administration has identified approximately $4 trillion worth of companies moving back to the United States due to his tariff policies. Trump highlighted the return of industries that had previously relocated overseas, emphasizing job creation and economic growth.
In response to escalating trade tensions between the United States and Canada, a business in Halifax, Nova Scotia, has introduced a unique way for Canadians to vent their frustrations.
Economist Steve Moore cautioned foreign nations on Tuesday that retaliating against President Donald Trump’s tariffs would harm their own economies. Moore’s warning comes as Trump announced an increase in tariffs on Canadian steel and aluminum in response to Ontario’s 25% tariff on electricity exports to the U.S.
President Trump said he would double the tariffs on steel and aluminum in Canada in response to Ontario's move to impose a 25% surcharge on electricity exports.
Canadian Prime Minister Justin Trudeau announced that Canada will implement 25% tariffs on 155 billion Canadian dollars (approximately $107 billion USD) worth of U.S. goods.
