- Trump: Canada And Mexico Tariffs, An Additional Tariff On China, Will Take Effect Next Week
- Trump Officials Contemplate Reversing Fundamental Climate Change Policy And Slashing EPA's Budget
- These are just some of the toll industry developments TRN is following.
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Trump: Canada And Mexico Tariffs, An Additional Tariff On China, Will Take Effect Next Week
The New York Times reports, President Trump said this afternoon that tariffs on imports from Canada and Mexico will take effect next Tuesday, March 4, because, in his view, those countries still aren’t doing enough to stop drug trafficking. He also said he will impose an additional 10 percent tariff on imports from China, which are already subject to an impost levied earlier this month.
However, the Canadian Press (via BNN Bloomberg) notes that “Canadians confused about Trump’s plans aren’t alone, with the U.S. president at times contradicting himself about his own tariff plans. Timelines for when countries are hit with what level of tariffs have shifted since the original threats were made and orders were signed, and it remains unclear whether Canada can negotiate exemptions or further delays.”
Associated Press covers reaction to Trump’s announcements, noting, “The prospect of escalating tariffs has already thrown the global economy into turmoil, with consumers expressing fears about inflation worsening and the auto sector and other domestic manufacturers suffering if Trump raises import taxes. But Trump has also at times engaged in aggressive posturing only to give last-minute reprieves. . . .”
This morning, The New York Times reported that the US economy “is starting to show signs of strain as President Trump’s abrupt moves to shrink federal spending, lay off government workers and impose tariffs on America’s largest trading partners rattle businesses and reverberate across states and cities.”
NBC News and CNBC report on market reactions to Trump’s latest tariff pronouncements.
Canada China Economic & Social Considerations Affecting TransportationTrump Officials Contemplate Reversing Fundamental Climate Change Policy And Slashing EPA's Budget
POLITICO reports, “The Environmental Protection Agency [EPA] will move to reverse its 2009 declaration that greenhouse gases endanger human health and welfare — a step that would threaten most major climate regulations and make it harder for future presidents to enact new ones. Three people granted anonymity to discuss the action said EPA Administrator Lee Zeldin has recommended to the White House that the agency overhaul the finding, which underpins all Clean Air Act climate regulations.”
Sources tell POLITICO the policy change is likely to be pursued through a regulatory review process. The Trump administration is internally weighing “how far it is willing to go to attack the foundational science underlying the endangerment finding, a step that would generate political and public backlash.” However, the sources add Trump officials are expected to “reject the bedrock justification for regulating greenhouse gas emissions in some fashion to give agencies freer rein to dismantle climate rules.”
The Washington Post first broke this story. Its article adds that Trump yesterday told reporters Administrator Zeldin plans to recommend cutting 65 percent of the EPA workforce. White House sources later contradicted Trump, saying Zeldin and the “Department of Government Efficiency” instead intend to eliminate 65 percent of what they consider to be wasteful EPA spending.
Climate Change & Infrastructure Resilience Economic & Social Considerations Affecting Transportation Environmental Protection Policies Procedures And Initiatives Issues of Law US Environmental Protection Agency (EPA)These are just some of the toll industry developments TRN is following.
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