Trump's erratic trade policies are baffling businesses, threatening investment and economic growth
Workers sort avocados at a packing plant in Uruapan, Mexico, Nov. 27, 2024. Credit: AP/Armando Solis
WASHINGTON — Marc Rosenberg, founder and CEO of The Edge Desk in Deerfield, Illinois is getting ready to introduce a fancy ergonomic chair designed to reduce customers’ back pain and boost their productivity. He figures the most expensive one will sell for more than $1,000. But he can’t settle on a price, and he is reluctantly reducing the shipment he’s bringing to the United States from China.
There’s a reason for his caution: President Donald Trump’s ever-changing, on-again, off-again tariff war with America’s three biggest trading partners – Mexico, Canada and China.
On Wednesday, the mercurial president once again changed course: A day after he imposed 25% taxes – tariffs – on all imports from Canada and Mexico, he backpedaled and exempted autos crossing America’s northern and southern borders. Well, for 30 days anyway.
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