Donald Trump’s stance on tariffs has become more serious than initially expected, with the former president signaling that his second term could start with a drastic shift in trade policy. By targeting Mexico, Canada, and China, Trump is reaffirming his campaign threats, despite previous assumptions that he might take a softer approach and his choice of moderate Treasury Secretary nominee Scott Bessent. The tariffs are less about trade policy and more about pressuring these nations to change their migration and drug policies. This move could lead to inflation and higher consumer costs, and his aggressive tactics may push the US into isolation if allies push back.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Donald Trump's stance on tariffs has become more serious than initially expected,
00:06with the former president signaling that the second term could start with a drastic shift
00:10in trade policy. By targeting Mexico, Canada, and China, Trump is reaffirming his campaign
00:15threats despite previous assumptions that he might take a softer approach and his choice
00:20of moderate treasury secretary nominee, Scott Besson. The tariffs are less about trade policy
00:25and more about pressuring these nations to change their migration and drug policies.
00:29This move could lead to inflation and higher consumer costs,
00:32and his aggressive tactics may push the U.S. into isolation if allies push back.