President Donald Trump has issued an executive order enforcing steep tariffs on imports from Canada, Mexico, and China. In a Truth Social post, Mr. Trump acknowledged that the tariffs may cause some short-term discomfort but maintained that the long-term benefits would justify the cost. He described the move as part of a broader vision to bring about a prosperous “Golden Age of America.” Critics have raised concerns that the tariffs could disrupt supply chains, hurt key trading relationships, and lead to higher consumer prices.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Donald Trump has issued an executive order enforcing steep tariffs on imports from
00:06Canada, Mexico, and China. In a Truth Social post, Mr. Trump acknowledged that the tariffs
00:12may cause some short-term discomfort, but maintained that the long-term benefits would
00:17justify the cost. He described the move as part of a broader vision to bring about a
00:22prosperous golden age of America. Critics have raised concerns that the tariffs could
00:26disrupt supply chains, hurt key trading relationships, and lead to higher consumer prices.