WN news.com

  How did Trump’s 40-year tariff obsession originate from Japan? Image source, Getty Images image caption: Donald Trump and Ivana Trump disembarking from the Trump Princess yacht in New York in 1988. Article information Author, Nada Tawfik Role, BBC New York correspondent When Donald Trump was in financial trouble in the 1990s and needed to raise cash, he headed to Asia on his 85-meter superyacht, the Trump Princess, hoping to woo wealthy Japanese. This is not the first time the businessman has sought Japanese buyers or lenders for his projects. In the competitive world of New York real estate, Trump watched from his Fifth Avenue skyscraper as Tokyo Capital went on a buying spree in the 1980s for iconic American brands and properties, including Rockefeller Center. It was during this period that his worldview on trade and America's relations with its allies began to take shape, and he began to become obsessed with a tariff policy of imposing taxes on imported goods. “He has a strong...

  Trump signs executive order imposing tariffs on China, Mexico and Canada Image source, Getty Images Article information Author, Jessica Murphy, Will Grant Role, BBC reporters in Toronto and Mexico City February 2, 2025 at 4:53 AM Last updated U.S. President Donald Trump announced new tariffs on all imports from the United States' three major trading partners, China, Mexico and Canada. Trump said the United States would impose 25% tariffs on Canada and Mexico and 10% tariffs on China. Canadian energy faces a lower tariff of 10%. He threatened to impose import taxes if the three countries did not address his concerns about illegal immigration and drug smuggling. Both Canada and Mexico have said they are preparing retaliatory tariffs. Trump said he was prepared to escalate tariffs if the countries retaliated. Last year, these three countries accounted for more than 40% of U.S. imports. "Today's tariff announcement is necessary to hold China, Mexico, and Canada to their comm...