Tariffs Starting To Kick In
The first of the Trump tariffs started to kick in on Tuesday, and we’re already seeing some progress. Four nations announced they are dropping tariffs they have imposed on U.S. goods — Argentina, India, Israel and Vietnam. In some cases, these are tariffs that have remained in place since World War II. And two of those nations — Vietnam and India – -are among our largest trade partners.
“I think it’s one giant negotiation we are starting on April 2,” says Kevin O’Leary, speaking with Trey Gowdy on Fox News. O’Leary, who goes by the nickname “Mr. Wonderful,” predicts a lot of smoke, and confusion, at the start of the process.
In the end, other nations are likely to join these first four cutting back tariffs. If so, we will see trade booming with these countries while it ends or tapers offs with other countries. Expect a lot of the initial focus on auto manufacturing, with many new plants opening across the United States.
