Browsing: Economic Sovereignty

In a significant stride towards consolidating economic sovereignty, President Donald Trump has enacted a sweeping executive order imposing hefty tariffs on imports from Mexico, Canada, and China, effective February 3, 2025. This strategic move targets trade imbalances, aiming to invigorate domestic industries by curbing foreign competition. While supporters praise the potential boost to US manufacturing, critics warn of consumer price hikes and possible trade retaliations. This policy reflects a continuation of Trump’s economic nationalism, with possible repercussions on global trade relationships, necessitating careful navigation to avert broader trade disputes.