Connect with us

Politics and Current

Trump’s first-term tariffs did little to impact the economy, but this time may be different

Published

on

Donald Trump, Donald Trump tariffs, Immigration and tariffs, tariffs on Canada and Mexico, Donald Trump and immigration, migrant crisis, Trump administration, theGrio.com

WASHINGTON (AP) — Donald Trump loved to impose tariffs on foreign goods during his first presidency. However, their impact was barely noticeable across the economy, even when the aftershocks were pronounced in individual industries.

Records show they never fully delivered on the factory work they promised him. They did not trigger the avalanche of inflation that critics feared.

But this time it was his customs risks may be different.

Advertisement

The president-elect is talking about taking much greater motion — on a possible scale that creates greater uncertainty about whether he’ll do what he says and what the consequences might be.

“I mean, there will be a lot more tariffs, that’s pretty clear,” said Michael Stumo, CEO of the Coalition for a Prosperous America, a gaggle that supports import taxes to help domestic production.

The president-elect posted on social media on Monday that he would impose a 25% tariff on all goods imported from Mexico and Canada on his first day in office until those countries satisfactorily stop illegal immigration and the flow of illegal drugs comparable to fentanyl into the United States . States.

These tariffs could essentially blow up the North American trade pact negotiated by Trump’s team during his first term.

Advertisement

Chinese imports will be subject to additional tariffs of 10% until Beijing stops producing materials used to produce fentanyl, Trump wrote.

Democrats and business groups warn of dangers from Trump’s tariff threat

Business groups were quick to warn rapidly growing inflationone sec President of Mexico Claudia Sheinbaum said it might oppose the move by imposing tariffs on U.S. products. House Democrats have advanced laws to strip the president of the ability to unilaterally apply tariffs in such a drastic manner, warning that they might likely lead to higher prices for cars, shoes, housing and groceries.

Sheinbaum said Wednesday that her administration was already working on an inventory of possible retaliatory tariffs “if it comes to that.”

“The economics department is already preparing it,” Sheinbaum said. “If tariffs are introduced, Mexico will raise them. “This is a technical exercise that will also benefit Mexico,” she said, suggesting that her country impose targeted import tariffs on U.S. goods in sensitive areas.

Advertisement

Similarly, Canadian government has also begun to consider retaliatory tariffs if Trump takes motion.

House Democrats introduced a bill Tuesday that will require congressional approval from the president to impose tariffs over claims of a national emergency, a largely symbolic motion given Republicans have taken control of each the House and Senate.

“This legislation would enable Congress to limit this sweeping, emergency power and impose necessary congressional oversight before any president – ​​Democrat or Republican – could indiscriminately raise costs for the American people through tariffs,” said Rep. Suzan DelBene, D-Wash.

But for Trump, tariffs are actually a proven tool that seems less politically controversial, even when the mandate he received in November’s election largely included curbing inflation.

Advertisement

The tariffs he imposed on China during his first term were continued by President Joe Biden, a Democrat, who even expanded tariffs and restrictions on the world’s second-largest economy. Biden administration officials have considered removing Trump’s tariffs to reduce inflationary pressures, but have found that unlikely to help significantly.

The tariffs were “so new and unique that they freaked everyone out in 2017,” Stumo said, but the U.S. and other countries now see them as a part of a policy toolkit.

Trump’s first-term tariffs had a moderate impact on the economy

Trump imposed tariffs on solar panels and washing machines in early 2018, moves that may have pushed up prices in these sectors, although additionally they coincided with plans to open washer plants in Tennessee and South Carolina.

His administration also imposed tariffs on steel and aluminum, including on allies. He then raised tariffs on China, leading to a trade conflict and a limited 2020 deal that failed to materialize generate promised Chinese purchases of American goods.

Advertisement

However, the dispute modified relations with China as more American firms searched for alternative suppliers in other countries. Economic research additionally they found that the United States may have sacrificed a few of its “soft power” as the Chinese population began watching fewer American movies.

The Federal Reserve has kept inflation roughly on the right track, but factory construction spending has never increased in a way that will suggest sustained manufacturing job growth. Separate economic research found that the tariff war with China had no economic effect on communities harmed by offshoring, but it helped Trump and Republicans in those communities politically.

When Trump first became president in 2017, the federal government collected $34.6 billion in tariffs, duties and charges. That total greater than doubled under Trump to $70.8 billion in 2019, according to data from the Office of Management and Budget.

While this sum may seem significant, it was relatively small compared to the overall economy. According to the Bureau of Economic Analysis, America’s gross domestic product is currently $29.3 trillion. Total tariffs collected in the United States would amount to just below 0.3% of GDP.

Advertisement
Did Zendaya's viral moment at the 2015 Oscars start the CROWN Act? Law Roach thinks so

Trump wants way more far-reaching tariffs in the future

Trump’s latest tariffs are much higher and will have a way more significant impact.

If Mexico, Canada and China faced additional tariffs proposed by Trump on all goods imported into the United States, this could amount to roughly $266 billion in taxes collected, and this figure doesn’t assume any trade disruptions or retaliation from other countries . countries. The cost of those taxes would likely be borne by American families, importers, and domestic and foreign firms in the form of upper prices or lower profits.

Former Biden administration officials have expressed concerns that firms could use Trump’s tariffs – if imposed – as a reason to raise prices. This would reflect price increases by many firms in 2022, made possible by Russia’s invasion of Ukraine, which raised food and energy prices and gave firms the opportunity to further raise their very own prices.

“I’m very concerned about complete, massive tariffs on more than just China that give companies cover to raise prices,” said Jen Harris, a former Biden White House official who’s now director of the Economic and Society Initiative at the Department of Economics and Society at the William and Society Foundation Hewlett Flora.

But Trump hasn’t really explained what might prompt him to roll back the tariffs and declare victory. Instead, its threats create a way of uncertainty as firms and countries wait for details to work out what all of it might mean.

Advertisement

“We know the key economic policy priorities of the new Trump administration, but we don’t know how or when they will be implemented,” said Greg Daco, chief U.S. economist at EY-Parthenon.

This article was originally published on : thegrio.com
Advertisement

Politics and Current

Experts warn that Trump Cuts to Federal Grants will make black communities less safe and prosperous

Published

on

By

Black communities and leaders who work to ensure their safety and prosperously behave in front of the stream of monetary cuts issued by Trump’s administration in recent days.

Cutting, a part of the goal of President Donald Trump, to significantly reduce the dimensions and scope of the federal government budget over $ 6 trillion, included the elimination of billions of dollars in financing programs of subsidies created to reduce weapons within the case of weapons in black and brown communities, and even developing the subsequent generation of black and brown leaders working on final social damage, reminiscent of Homelessness, hunger and even close education.

Advertisement

Over the past week, the Department of Justice of the Trump Administration canceled Hundreds of hundreds of thousands of dollars of subsidies have concluded contracts with organizations working in communities so as to put the tip of violence in the neighborhood, including violence using weapons and domestic violence. The Education Department canceled $ 1 billion at college similarly Mental health subsidieswhich were used to implement intervention experts in schools, hospitals and other hotspots to prevent rapid ends in communities.

“These programs are particularly effective in black communities,” said Anesa McMillan, spokeswoman Giffords, and organizing violence within the matter of weapons, founded by the previous congression of Gabby Giffords, who survived the attempt to kill in 2011.

“These are people who came from the community (I) who knew people involved in many conflicts. This was critical, especially because violence does not receive, say, shooting at school,” she said.

By announcing restrictions on subsidies for interventions in the sector of community, the Prosecutor General Pam Bondi said he was a part of the goal, because it was, because it was a discount in waste. However, supporters indicate this The data show that bilateral investments (financed by the President’s Act Joe Biden 2022 Safer Communities) actually operate. In 2023 and 2024, the murder of weapons and violence from weapons rates cut.

Advertisement
Trump, weapon violence, protest, cuts, thegrio.com
Washington, DC – September 25: students of Chicago Christopher Robinson, Jachi Lewis and London Strong images of victims of violence on weapons, that are a part of the face, not forgotten in the course of the national rally to end the violence on the western lawn of the US Capitol on September 25, 2019 in Washington. (Photo chip Somodevilla/Getty Images)

“These decisions should not apply to politics. It is about people who are actually influenced by violence from daily weapons and almost every hour … The cost of doing nothing to prevent violence using weapons, significantly exceeds the costs of these programs,” said Goodwin, who also founded the Community Justice Action Fund, a national organization of prevention of violence within the case of violence.

In addition to subsidies focused on violence and mental health, the one government agency focused on social service and volunteering, Americorps, saw 90% of the working force of the working force reduced by the Department of Trump’s government, led by the billionaire Elon Musk. This has already resulted in federal lawsuit Complex by the coalition of several dozen states and Washington

Financing included subsidies granted to long -term non -profit organizers, reminiscent of public allies who train and develop social youth leaders through practices to ultimately work on socio -economic challenges -from help related to disasters after community related to environmental justice, especially black and brown.

“When we have a dona of financing to support our schools and communities that have a level of disinvaluation in public education systems, especially in districts and communities that have the least available resources when we see the erosion of investment in things, such as flats and the development of new apartments at affordable prices, all these things disproportionately affect us,” said Jenise Terrell, CEO.

Harvard University cancels funds for black studies and other affinity group celebrations

“These are young people who in many cases earn less than USD 15 per hour, sometimes much less, who literally experience and bloom to payments, simply, so that they can devote their time and service,” said Terrell, who’s an align of a ten -year program.

Despite the loss of labor in the neighborhood, young leaders are most concerned about members of the community who will not use work and commitment.

Advertisement

“They still come to the table worried about communities … They want to know who will look for young people in the program after school (for example),” said Terrell.

The Trump administration also associated lots of his cuts related to diversity, equality and inclusion, i.e. Dei, which President Trump created the predominant feature of his budget and politics frame. Instead of specializing in diversity or justice, Trump’s administration called for an approach based on “merits”, especially by way of employment and contractual orders.

Washington, DC – April 23: US President Donald Trump shows the signed executive order entitled “Reinstating Commonsense School discipline policy” in an oval office within the White House on April 23, 2025 in Washington. Seven executive orders were related to educational policy, including enforcing universities to disclose foreign gifts, artificial intelligence education and school disciplinary policy. (Photo chip Somodevilla/Getty Images)

“Our approach to merit is slightly different than the approach to the current administration,” said Terrell. “We believe that it is, in addition to what you have achieved, also includes experiences that you bring to the table. Experiences that provide insight, which is often lacking in solutions.”

Despite the attitude of the White House, supporters still hope that the administration may be convinced to the course of reversing the subsidies cuts. Some actively engage the members of the Congress, from each political parties on this matter.

Congress also introduces intensive negotiations within the Capitol Hill case, because they’re working on finalizing the budget for the budget 12 months 2026. Trump’s budget proposal requires $ 163 billion cuts from its discretionary budget value $ 1.7 trillion as well as to billions of dollars, which Doge has already lowered or frozen within the name of waste and fraud.

Advertisement

The representative of the American Yvette Clarke, chairman of the Congress of the Black Club, called the brand new Trump budget “reckless” and argued that he would like to make mandatory cuts for necessary federal agencies than to work on “improving the economy, reducing the cost of living and making everyday needs at an affordable price.”

“This budget program imposes economic difficulties on everyday Americans, it makes our country is less safe, and our communities are more sensitive,” said Clarke. “We, CBC members, will not be a party to the destruction of our communities and people they chose to represent.”

(Tagstranslate) Donald Trump

Advertisement
This article was originally published on : thegrio.com
Continue Reading

Politics and Current

Kamala Harris is hit by Trump’s “narrow, selfish vision of America”: Here are the best letters of her speech – essence

Published

on

By

(Photo Camille Cohen/AFP by Getty Images)

Advertisement

The former vp of Kamala Harris on Wednesday evening gave a pointy criticism of President Donald Trump. Her comments, delivered during a speech in the most significant speech at the twentieth anniversary gala Emerge America, She meant her the most extensive public comments since leaving the office.

He didn’t perform any blows from the stage in San Francisco.

“They are counting on the view that if they manage to fear some people, it will have a frozen influence on others,” she said. “But they overlooked that fear is not the only contagious thing. Courage is contagious.”

Advertisement

https://www.youtube.com/watch?v=ikikocwno4

During the 15-minute speech, Harris described Trump’s leadership not only as “chaotic”, but as part of an extended, intentional effort to rework the country in a way that threatens basic freedoms.

“What we are witnessing is a high speed event,” she said. “Where the ship is used to quickly implement the program, which was decades in this creation. Program for cutting public education. The program of reducing the government, and then privatization of its services. Everything, while providing tax breaks among the richest among us.”

Advertisement

She added: “By the way, a program that does not reduce costs. It does not make life more affordable. And not what they promised.”

Harris sharply criticized Trump’s economic policy, especially calling his tariffs. “Reckless,” she said. “They hurt employees and families, as well as American companies. As I predicted, [they] They clearly invite recession. “

At the time when concerns about the rule of law and democratic institutions are growing, Harris warned: “This is a crisis that will eventually affect everyone. Because this would mean that the rules protecting our basic rights and freedoms … will no longer matter.”

She continued: “This is a program, a narrow, selfish vision of America, during which the waitresses of truth punish, favor loyalists, earn on their power and leave everyone to manage.

Advertisement
Kamala Harris strikes the
San Francisco, California – April 30: former US Vice President Kamala Harris (L) Greetings to the president and general director A’Shanti Gholar, before he delivered a speech during the Emerge Gala twentieth Anniversary at the Palace Hotel on April 30, 2025 in San Francisco, California. Kamala Harris gave her first public speech since leaving the office in January. (Photo of Justin Sullivana/Getty Images)

Harris praised several democratic legislators for defending the current administration, checking the name Cory Booker, Chris Van Hollen, Chris Murphy, Bern Sanders, Jasmine Crockett, Maxwell Frost and Alexandria Ocasio-Cortez for his or her “moral transparency”.

While Harris didn’t turn to her own political future – despite the growing speculation about the potential governorate offer in California – she ended realism and determination.

“Probably the situation will get worse before it improves,” she said. “But we’re ready for it.”

Advertisement
This article was originally published on : www.essence.com
Continue Reading

Politics and Current

Trump wants to pay Rwanda to take deported from us

Published

on

By

Trump, rally shooting, assignation at temp, contempt, deportation, migrants


The Rwandan government and the Trump administration are talking a few possible agreement that may allow kigali to receive deported from the United States-in this Africans and other residents, he was not rwanda-he was touched.

According to an official in Rwanda, it is predicted that discussions on potential financial compensation and other logistics details will take place in the following two weeks. Both US and Rwandan officials confirmed that negotiations They are within the technique of moving residents of third country deported from the USA to Rwanda.

Secretary of State Marco Rubio was very loud in regards to the willingness of Trump’s administration to send people to other countries, even countries from which individuals don’t necessarily come.

Advertisement

“We work with other countries to say:” We want to send you probably the most vile people, “he said during a television meeting of the office when he was sitting next to Donald Trump. Rubio also said that the “further from America, the higher”.

The same agreement with the Salvador, under which some deportatts are imprisoned within the notorious Cecot prison on this country, led to quite a lot of processes against Trump’s administration.

However, other countries, equivalent to Panama and Mexico, whose President Claudia Sheinbaum publicly threw herself as an opponent of Trump, agreed to accept the deported ones who don’t come from these countries.

According to the article from 2024, Rwanda, like Salvador, accused of violating human rights of his residents The arrest and torture of the families of the banished residents who’re critics of the country. In addition, according to the UN investigators, the Rwanda government is accused of supporting a bunch of rebels, in addition to for suppression and murder, arrest or disappearance of their political opponents.

Advertisement

According to their latest reports, Rwanda lobbyes as a destination of the deportation People who haven’t been Rwandans for years who’ve been critical of the Rwanda government, described as an attempt to wash their popularity as a spot where human rights abuse are crazy.

According to the United States official, who worked on relations in Rwanda within the Biden administration: “The more cozy that Rwanda will reach Trump’s administration, the less likely that they are pressed to make a license,” probably giving them a lever in peaceful conversations, Trump’s administration tries between the Democratic Republic of Congo and Rwana.

Jeffery Smith, executive director of the Non-profit pro-democracy organization, Vanguard Africa, described any plan to deport immigrants to Rwanda as “morally and legally reprehensible, to continue,” this is just a trick to get positive headers and a cynical way during which to force Western rule, equivalent to the US They are right.

Advertisement

(Tagstranslat) deportations

This article was originally published on : www.blackenterprise.com
Continue Reading
Advertisement

OUR NEWSLETTER

Subscribe Us To Receive Our Latest News Directly In Your Inbox!

We don’t spam! Read our privacy policy for more info.

Trending