NPR.
The seismic economic event right now is President Trump's tariffs on Canada, China and Mexico.
Now, Canada and Mexico have been spared these 25% tariffs for now.
They reached a deal yesterday where the US Will delay these tariffs for a month.
But but if put into effect,
these will be part of extraordinary measures that are far more expansive
than the trade war during the first Trump presidency.
A big question people are asking right now is why?
What's Trump's end goal here?
Are the tariffs really because Donald Trump wants Mexico, Canada and China to clamp down on fentanyl?
Is it migration at the borders?
US Trade deficits with these countries?
Are there a way to raise money for the government?
Donald Trump says yes to all of the above.
One thing on Friday, he said this is not is a negotiating tool.
No, it's not.
No, it's pure economic.
We have big deficits with, as you.
Know, with all three of them.
But Donald Trump has used tariffs as a negotiating tool as recently as late January and it worked.