

Moreover, Trump introduced major tariff exceptions for some countries. For example, the integrated North American auto industry would have been devastated if he hadn’t decided on 6 March to exempt goods from Mexico and Canada from the 25% levy that had gone into effect two days earlier. Goods from these countries now face no penalty if they are imported under the US-Mexico-Canada agreement.
This softening was predictable. US business would have suffered enormously if Trump had fully implemented the tariffs he had announced, let alone threatened, so it was never likely that he would persist with the worst of them. Trump regularly stakes out extreme negotiating positions, only to back down when the heat is on, even if he hasn’t gotten what he demanded from the other side. In fact, investors’ assumption that “Trump always chickens out” – known as Taco – has become a taunt. But when a madman threatens Armageddon, it is foolhardy to goad him into following through. The tariffs Trump has implemented are still very high.
Why haven’t Trump’s tariffs crashed the US economy?
https://www.theguardian.com/business/2025/dec/29/donald-trump-tariffs-us-economy-inflation-employment-2026


















they added widget support with the last update