Trump Tariffs Live Updates: USPS Does A U-Turn And Says It Will Continue Accepting Packages From China
President Donald Trump’s sweeping tariffs on imports from China went into effect after midnight on Tuesday—triggering retaliatory levies by Beijing that some fear could escalate into a trade war—even as the proposed tariffs against Canada and Mexico were both put on pause for 30 days.
‘MAKE YOUR PRODUCT IN THE USA AND THERE ARE NO TARIFFS!’ Trump said on Truth Social in defense of his tariffs. ‘WE ARE A COUNTRY THAT IS NOW BEING RUN WITH COMMON SENSE — AND THE RESULTS WILL BE SPECTACULAR!!!’
Trump’s tariff order will take effect Tuesday for duties that are levied on imported goods, except for any imports that were already in transit before Trump ordered the tariffs Saturday. Hillman told ABC News on Sunday the country is ‘hopeful’ the tariffs will not take effect and the country’s government is ‘ready to continue to talk to the Trump administration about that,’ though it’s unclear that Trump will negotiate at all on his plans.
Trump’s tariffs on Canada, Mexico, and China would effectively could cost each U.S. household more than $830 in additional taxes in 2025, according to an analysis released by the center-right Tax Foundation. The organization also predicted Trump’s plan would reduce the U.S.’ economic output by 0.4% and increase taxes in the U.S. overall by $1.2 trillion between 2025 and 2034.
Economists have long warned Trump’s tariff plan would raise prices for American consumers—as the import taxes are paid by the U.S. companies that import foreign goods, which then pass on those costs to the consumer by raising prices—and a May analysis by the nonpartisan think tank Peterson Institute for International Economics (PIIE) concluded Trump imposing broad tariffs on imported goods would ‘[inflict] significant collateral damage on the US economy.’
Trump has suggested he wants to impose universal tariffs on other countries’ goods, though it’s still unclear when that could happen or what any broader tariffs could look like.
Business and manufacturing groups have criticized Trump’s tariffs, with U.S. Chamber of Commerce vice president John Murphy saying the move ‘is unprecedented, won’t solve these problems, and will only raise prices for American families and upend supply chains.’
In China, the state-run tabloid Global Times, criticized the move in an editorial, saying ‘trade coercion’ will not fix the U.S.’s ‘fentanyl crisis.’ The op-ed notes that the Trump administration’s actions ‘violates WTO rules and disciplines’ and result in countermeasures that ‘could lead to a global trade war.’
The Toronto Star published a guide for people who want to buy Canadian during the trade war, which included a list of grocery and other essential products sold by Canadian companies.
Trump has used the flow of fentanyl as one of his primary justifications for tariffs against Canada and Mexico, despite the U.S.’ northern ally not playing a large role in fentanyl smuggling when compared to Mexico.
— news from Forbes
