President Donald Trump continues to insist on using tariffs in a bid to create more jobs and bring down the trade deficit. However, this plan has some gaping holes in it — ones that many employers are already well aware of.
The Trump administration has imposed tariffs on China and all imports of steel and aluminum as of March 10 and 12, respectively. While the 25% tariff on Mexico and Canada was paused just a few days after going into effect on March 4, next week marks what Trump is calling “Liberation Day.” On April 2, the administration has promised to impose further tariffs on U.S. trade partners, especially those who have enacted counter-tariffs on U.S. goods, which include the European Union, Canada and China.
