Trade tariff negotiations take many twists and turns
Making good on a long-held campaign promise, President Donald Trump has instituted tariffs on trade with China and threatened the same with Canada and Mexico.
Citing unfair business trade practices and a failure to stem the tide of fentanyl and illegal immigration into the United States, Trump stated these factors constitute a national emergency under the International Emergency Economic Powers Act.
Last-minute negotiations with the leaders of America’s nearest neighbors have paused the levy of 25% duties on Canada and Mexico. However, a 10% tariff on China still stands.
Professor Doug Guthrie, director of China initiatives at the Thunderbird School of Global Management at Arizona State University, is an expert on international business and trade.