On his first day as president, Donald Trump announced bold plans to reshape economic policy. His ideas for revising US priorities are as brash and audacious as they are controversial and contested in some quarters.
Daily Archives: January 21, 2025
Macro Briefing: 21 January 2025
On his first day as president, Trump says he’s considering imposing tariffs on Canada and Mexico that could start as early as February: “We’re thinking in terms of 25% (levies) on Mexico and Canada…” The US trade deficit with Canada is largely due to US purchases of oil. Mexico also runs a trade surplus with the US and for the first 11 months of 2024 was the top exporter to the world’s largest economy.
