President Trump’s new tariffs: economic strategy or trade war?

President Trump’s sweeping tariffs on Canada, Mexico, and China aim to bolster American industry, but critics warn of rising costs and strained relations.

President Donald Trump has doubled down on his tariff policy in 2025, implementing sweeping new trade measures that are already sparking intense debate.

Under his plan, the U.S. is imposing a 25% tariff on imports from Canada and Mexico, a 10% tariff on Chinese goods, and a 10% tariff on Canadian energy resources.

The administration argues these tariffs will pressure foreign governments to crack down on illegal immigration and drug trafficking while revitalizing American manufacturing.

“They’ll be spending a lot of money and paying a lot of taxes, and we think it’s going to be extremely successful,” Trump said, defending the move as a necessary step to protect American jobs and economic independence.

Supporters believe the tariffs will level the playing field, reducing reliance on cheap foreign imports and encouraging businesses to invest in U.S. production.

However, critics warn of unintended consequences, including rising costs for consumers and potential retaliation from trading partners.

Economists also caution that long-term trade disruptions could hurt industries reliant on foreign materials, while escalating tensions with major allies.

With these tariffs now in effect, all eyes are on how global markets and American businesses respond in the coming months.

Will Trump’s aggressive trade stance spark economic growth, or will it lead to new challenges for U.S. consumers and industries?

Vick Tipnes, the CEO of Blackstone medical services joins Veronica Dudo to discuss.