Trump begins process for new tariffs on foreign imports but holds off on implementation

President Donald Trump has initiated the process to determine new reciprocal tariffs on foreign imports but has not yet imposed them. This follows his long-standing promise to announce tariffs, which could significantly impact U.S. consumers and the economy. Economists predict that Trump's tariffs on Canada, Mexico, and China could raise costs for U.S. households and reduce economic output. Previous analyses suggest that these tariffs may lead to higher prices for both imported and domestic goods. Business groups have criticized the tariffs, warning they will increase prices and disrupt supply chains. In response, Canadian media has called for unity against the trade war, while Chinese officials have opposed the tariffs, stating they will not resolve U.S. issues.