Two days after imposing 25% tariffs on Canada and Mexico, U.S. President Donald Trump rolled them back citing market instability and backlash. This move followed a fiery speech to Congress in which he had previously defended the tariffs.

Joining the discussion: 

• Jadan Horyn is a Political Analyst. 
• Yan Liang is Chair Professor in Economics at Willamette University. 
• Anton Fedyashin is a Professor of History at American University.
• Douglass Sloan is Principal of the National Capitol Strategy Group.

New tariffs from the Trump administration that went into effect on March 4, could raise U.S. core inflation (excluding food and energy) by 0.5-0.8 percentage points, according to The Federal Reserve Bank of Boston.

If even more tariffs are announced, such as a 60% tax on Chinese… pic.twitter.com/zoYHZiZPZX

— CGTN America (@cgtnamerica) March 6, 2025