PRICE FIGHTS

ALREADY A YEAR into his second term, US President Donald Trump has imposed several radical measures on finances and the US economy, including tax cuts of US $ 50,000 per year for the richest 1 % of Americans, the gutting of government programmes like foreign aid initiative USAID and perhaps the most publicised of financial moves, tariffs. President Trump made it clear after he was elected that tariffs would be the epicentre of his economic strategies moving forward. That philosophy has remained the same two years on. Recently, the 47th president announced a 50 % tariff on almost all Canadian imports, one of the most extreme measures since the beginning of President Trump’ s global tariff war 18 months ago. Canadian Prime Minister Mark Carney is under political pressure to fight back against the proposed tariffs and has since agreed to intensify talks with President Trump to reach a fair agreement.

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