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Trump is threatening tariffs on yet another business — and economists say it makes no sense

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Summary
Nutrition label

74% Informative

Trump threatened a 200% tariff on John Deere if it moves some of its manufacturing to Mexico .

Experts say the tariff would harm US -Mexico relations, cost consumers, and may not even be feasible.

Trump also threatened to impose 100% tariffs on cars produced in Mexico at a speech Tuesday .

Some economists have said the plan could increase inflation.

Trump 's tariff goals going into the next election go beyond his former policy on international imports.

During his presidency, the US imposed a 25% tariff on various Chinese goods, including steel and industrial equipment.

Kamala Harris' campaign did not respond to a request for comment from Business Insider .

VR Score

74

Informative language

71

Neutral language

34

Article tone

semi-formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

12

https://www.businessinsider.com/china-tariff-soybeans-blow-to-donald-trump-voters-states-2018-4?utm_medium=referral&utm_source=yahoo.comhttps://www.businessinsider.com/trumps-threat-cut-gms-electric-car-subsidies-meaningless-2018-11?utm_medium=referral&utm_source=yahoo.comhttps://markets.businessinsider.com/news/stocks/deere-layoffs-2024-what-to-know-about-the-latest-job-cuts-1033454578?utm_medium=referral&utm_source=yahoo.comhttps://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement#:~:text=The%20United%20States%2DMexico%2DCanada%20Agreement%20(USMCA)%20entered,farmers%2C%20ranchers%2C%20and%20businesses.https://www.businessinsider.com/mark-cuban-trump-call-200-percent-tariffs-john-deere-insane-2024-9?utm_medium=referral&utm_source=yahoo.comhttps://www.businessinsider.com/trump-tariff-plan-inflation-policy-impact-trade-war-china-rates-2024-5?utm_medium=referral&utm_source=yahoo.comhttps://www.mda.state.mn.us/sites/default/files/inline-files/profilechina.pdfhttps://www.foxbusiness.com/economy/john-deere-announces-mass-layoffs-midwest-amid-production-shift-mexicohttps://www.businessinsider.com/trump-tariff-threat-john-deere-economists-baffled-2024-9https://www.businessinsider.com/trump-warns-that-companies-leaving-the-us-will-face-retribution-2016-12?utm_medium=referral&utm_source=yahoo.comhttps://www.businessinsider.com/trump-china-trade-war-list-of-goods-tariffs-2018-9?utm_medium=referral&utm_source=yahoo.comhttps://usafacts.org/articles/who-are-the-uss-top-trade-partners/#:~:text=Over%2050%25%20of%202023%20US,China%2C%20Germany%2C%20and%20Japan.&text=Home%20/%20Economy%20/%20Articles%20/%20Who,all%20US%20trade%20in%202023.

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