COLUMBIA, Mo. (KMIZ) President Donald Trump announced he will be implementing 25% tariffs on imports from Canada and Mexico and a 10% tariff on goods from China, effective on Saturday. However, the White House has not made it clear if it will provide exemptions to the tariffs, which could quickly raise prices for consumers in the United States.
During his presidential campaign, Trump threatened to levy tariffs on countries to get better cooperation in stopping the flow of illegal immigrants into the United States. He also boasted that the tariffs would help increase domestic manufacturing and generate more revenue for the federal government. “ The puzzling thing about tariff wars is the people who are ultimately harmed are your own citizens,” University of Missouri Economics professor Joesph Haslag said.
“Getting into a trade war with China or Canada or Mexico seems rather foolish because American citizens are going to be hurt every time Mexico or Canada or China raises tariffs on U.S. products.
It's their citizens that are going to be hurt and there's no real good solution in this case that makes a whole lot of sense.” Trump has also said that China’s tariffs are aimed at forcing the country to make good on its alleged promise it would execute people caught sending fentanyl to the United States . “Starting tomorrow, those tariffs will be in place,” White House press secretary Karoline Leavitt was quoted on Friday during a press conference.
“For the illegal fe.