Trump Tariffs

Aside from tariffs on Canadian and Mexican imports, Trump has also gone hard on China, slapping an additional 10% tariff on certain Chinese goods last month, a move that drew sharp criticism from Beijing.

Cedric Dupont of the Geneva Graduate Institute, an international relations professor and an expert in trade policies, law and the WTO, told AFP that Trump's moves had put the global trade body centre-stage but powerless to act.

Commerce Secretary Howard Lutnick revealed another one of the Trump administration's controversial goals: abolishing the Internal Revenue Service (IRS).

One month into his second term in office, Trump has threatened sweeping tariffs on allies and adversaries alike -- targeting China as well as neighbors Canada and Mexico, and the European Union -- and using levies as his main policy tool for lowering the massive US trade deficit.

President Donald Trump has vowed to implement "reciprocal tariffs" on all products sent by countries using the VAT system "for purposes of fairness."

"It does not help to criticize the U.S. government, especially given the nature of President Trump's personality," Saul Sandoval told The Latin Times

The poll by AtlasIntel also found that 82% of Colombians want Petro to pursue closer ties to Washington, and 70% hold a positive view of the U.S.

Trump announced a new tariff policy, declaring that the US will impose "reciprocal tariffs" on foreign countries, matching the duties they place on US goods.

As Trump pushes forward with a fresh wave of tariffs, Rep. Davidson defended the trade strategy, arguing it was worth trying "something different" with China.

Trump's fresh salvo could bring a broad tariff hike to emerging market economies like India and take aim at European Union value-added taxes, fanning tensions with the bloc, analysts warn.

Trump is expected to announce tariffs on European Union products "pretty soon," and the crypto market is reeling from the news as Bitcoin and other major altcoins plunged Sunday night.

Trump told reporters aboard Air Force One Sunday that the tariffs -- which he will announce later Monday -- will apply to "any steel coming into the United States," adding this will also affect aluminum

Despite taxes being put on hold for thirty days, business leaders in Ciudad Juárez report declining investment, with some factories halting production

Trump and Trudeau agreed to a 30-day pause on US tariffs as Canada agreed to boost border security and combat fentanyl trafficking.

Mexican President Claudia Sheinbaum outlined the main aspects of the deal, which also include the U.S. 'committing to work to prevent the trafficking of high-caliber weapons" to Mexico

Republicans are backing president Donald Trump's kick off of a trade war, with Marjorie Taylor Greene telling Americans: "We will win this trade war."

Tensions escalate as Mexico rejects U.S. allegations, arguing that the American arms trade plays a key role in strengthening criminal groups.

"Wealth is produced only by the working people," Gustavo Petro said in a post on X: "Let's build social wealth in Colombia"

Tariffs are paid by US businesses to the government on purchases from abroad and the economic weight can fall on importers, foreign suppliers or consumers.

The accusation takes place during the same week that U.S. Secretary of State Marco Rubio is set to visit the country in his first international trip since assuming the role

"In an attempt to supposedly defend the dignity of undocumented migrants, he ended up damaging the dignity of all Colombians," Christian Garcés told The Latin Times

Former Colombian presidents, including political rivals of President Petro, reportedly intervened to prevent further escalation

Even though the diplomatic standoff seems to have come to an end, analysts still anticipate challenges between both countries going forward

While Trump is not the first president to use trade to advance non-economic interests, the magnitude is much larger than anything else seen over history

Just days after beginning his second term in the White House last week, Trump said he would impose a 10% levy on all Chinese products from February 1, while leaving the door open for negotiations.

This week, the mercurial magnate said 10% tariffs on all Chinese imports could kick in on Feb. 1 -- and on the campaign trail touted a levy as high as 60%.

The announcement comes two weeks after Mexico pledged a a 19% duty on goods entering the country via courier from nations without trade agreements like China

Oregon Sen. Ron Wyden dismissed treasury nominee Scott Bessent's claim, calling it "bologna" and reiterating his belief that workers and small businesses would actually pay the most.

Despite Mexico's trade appeal, uncertainty looms as Trump threatens tariffs on its imports to pressure immigration and drug enforcement.

Overseas shipments represented a rare bright spot for Beijing last year as sluggish domestic consumption and a prolonged crisis in the property sector dragged on growth.