New multi-billion-dollar investments in the United States have been announced, helping to fulfill President Donald Trump’s campaign promises, but they still aren’t stopping worries about a recession.
Why It Matters
Trump ran for a second term by espousing pro-American business sensibilities on the campaign trail as part of the second rendition of his “Make America Great Again” endeavors.
More recently, that has equated to a slew of tariffs against longtime American allies Canada, Mexico and countries within the European Union. Canada and the EU responded to 25 percent tariffs with 20 percent tariffs of their own against the United States. The U.S. levied 25 percent taxes on China.
On March 12, the U.S.—which buys more steel than any other nation—imposed 25 percent tariffs on all U.S. steel and aluminum imports. The U.S. Department of Commerce lists Canada, Brazil, and Mexico as the…
