https://www.taxtmi.com/news?id=31743 A presidential tariff threat seeks to leverage high import duties on Canada and Mexico to pressure cooperation on border and drug-control issues by mirroring threats used against Colombia. Economic analyses cited warn that broad tariffs would raise inflation, reduce growth, and hit energy, automotive, and transportation sectors hard due to integrated supply chains, while also risking retaliatory measures from trading partners. Responses range from threats of retaliation and diplomatic engagement to administration claims that tariffs should be evaluated alongside other policy measures and possible carveouts to limit economic harm. en-us Tue, 28 Jan 2025 18:16:03 +0530 Tue, 28 Jan 2025 18:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=31743 A presidential tariff threat seeks to leverage high import duties on Canada and Mexico to pressure cooperation on border and drug-control issues by mirroring threats used against Colombia. Economic analyses cited warn that broad tariffs would raise inflation, reduce growth, and hit energy, automotive, and transportation sectors hard due to integrated supply chains, while also risking retaliatory measures from trading partners. Responses range from threats of retaliation and diplomatic engagement to administration claims that tariffs should be evaluated alongside other policy measures and possible carveouts to limit economic harm. News - Tue, 28 Jan 2025 18:16:03 +0530 https://www.taxtmi.com/news?id=31743