Advisory Board February 4, 2025
President Donald Trump on Saturday ordered tariffs on imported goods from Canada, China, and Mexico, a move that could have a notable impact on costs throughout the economy, including in the healthcare industry.
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Details on the tariffs
On Saturday, Trump ordered tariffs of 25% on imports from Canada — excluding energy imports — and Mexico, and 10% tariffs on goods from China. These tariffs are slated to take effect on Feb. 4.
Trump said the tariffs would remain in place until Canada, China, and Mexico stop the flow of fentanyl and undocumented immigrants into the United States.
The move prompted retaliatory tariffs from Canada, with Prime Minister Justin Trudeau saying Saturday that...
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