Trump’s former Commerce Secretary says the president is unlikely to enact blanket tariffs
AllenFus
(23.02.2025 17:38:15)
Trailer trucks queue to cross into the United States at the Otay Mesa Port of Entry, in Tijuana, Mexico, November 27, 2024. Jorge Duenes/Reuters
New York
CNN
—
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Since President Donald Trump won the election in November, businesses across the globe have been bracing for higher tariffs — a key Day One promise the president made.
But over a week into his presidency, Trump has yet to enact any new tariffs.
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That could change, come 11:59 p.m. ET on Saturday — the deadline Trump set for when he says he will slap 25% tariffs on all Mexican and Canadian goods and a 10% tariff on all Chinese goods.
The tariffs, he said, will be imposed as a way of punishing the three nations, which Trump claims are responsible for helping people enter the country illegally and supplying fentanyl consumed in the US.
Speaking to reporters from the Oval Office on Thursday, Trump said he meant business, especially with his tariff threats on Mexico and Canada. White House Press Secretary Karoline Leavitt also confirmed on Friday that Trump will levy the 10% tariff on China on Saturday.
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Should these threats be believed? Yes and no, said Trump’s former Commerce Secretary Wilbur Ross.
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The threat of blanket tariffs is likely being overstated, Ross said in an interview with CNN. “There probably will be exclusions, because there are some goods that just are not made here, will not be made here, and therefore, there’s no particular point putting tariffs on.”
Ross, who was one of a handful of initial cabinet members in Trump’s first administration who kept their position for the entire four-year term, said he advocated for such exclusions when he advised Trump on tariff policies.
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Can Ukraine save itself?
RobertJouth
(23.02.2025 16:42:39)
While Trump craves political glory, Zelensky is fighting for something far more profound: his country’s survival, now and as a future viable, independent sovereign state. Trump’s decision to open talks with Russia in Saudi Arabia on Tuesday without Ukraine raised fears he’s targeting a quick agreement with Putin that he’d then impose on Kyiv.
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Zelensky warned last week at the Munich Security Conference that he would “never accept deals made behind our backs without our involvement.” But if Trump walks away, Zelensky would have to decide whether to fight on without US arms and ammunition and to rely on Europe’s lesser punch.
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Zelensky understands that he can’t count on US support with Trump in the White House and said last week it was time to form a European army because, “the old days are over when America supported Europe just because it always had.”
Trump has given few signs that he’s got Ukraine’s interests at heart. Last week, for instance, he echoed one of Putin’s rationales for the war, saying that Ukraine’s NATO aspirations helped trigger Russia’s invasion.
This new US empathy with the invader, rather than the invaded party, is why Europe’s participation in peace talks is necessary to even the playing field. But Trump is already looking beyond Zelensky, who was the recipient of the telephone call that led to Trump’s first impeachment in his first term. He said last week that Ukraine needs elections “at some point” after a peace deal and archly noted that Zelensky’s poll numbers were “not great.” This is another Russian talking point that Trump has picked up — even though the idea that Putin, who sustains his long rule with sham elections, has any credibility in talking about elections is absurd.
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