Breaking
March 18, 2025

Former US Trade Rep. Ron Kirk says Trump tariff policies are “perceived defenses than a strategy” Florence Muchai | usagoldmines.com

Former US Trade Representative Ron Kirk believes the Trump administration’s tariff policies are based on “animus and middle-of-the-night perceived offenses ” rather than strategy. Kirk, who served under President Barack Obama, argued that tariffs set to take effect on April 2 are basically an emotional response.

Our markets are fairly unequivocal on this and don’t see this as a long-term benefit to our economy,” Kirk said in CNBC’s Squawk Box earlier today. “This is just not the correct way to go. Canada and Mexico are vital to our economy, with billions of dollars flowing across our borders daily. Imposing duties on those goods will only raise costs for American farmers, manufacturers, and ultimately, consumers.

Trade partners ‘fight back’ as tariffs take effect

Last week, the Trump administration imposed 25% tariffs on steel and aluminum imports from multiple countries, including Canada and Mexico, along with a 20% levy on Chinese goods. US allies have now responded with retaliatory tariffs.

The European Union is placing duties on $28 billion worth of American exports, including a 50% tax on American bourbon. set to take effect on April 1 and be fully implemented by April 13. They also apply to other American products like motorbikes, boats, steel and aluminum goods such as pipes, window frames, and tin foil.

According to President Trump, tariffs will strengthen US manufacturing, safeguard jobs, and generate tax revenue, ultimately fueling domestic economic growth. The president has also coined the levies as a tool to correct America’s trade imbalance and could narrow the gap between imports and exports with trading partners.

The trade conflict escalated last Thursday when Ontario threatened to impose tariffs on electricity exports to the US. In response, Trump announced he would double tariffs on Canadian steel and aluminum by 50%. 

Ontario was forced to withdraw its tariff threat, which gave Trump an incentive to back down, but the Canadian government’s patience with the US is getting thinner by the day.

During his interview, Attorney Kirk discussed the statements made by Canadian Prime Minister Mark Carney, who recently met with French President Emmanuel Macron. Carney said the importance of Canada strengthening ties with reliable allies and described Canada as “the most European of non-European countries.”

That’s fighting words,” Kirk reckoned. “But for businesses, this is no joke. I’ve spoken with business groups who are struggling to operate in an unpredictable environment. They have no idea what their costs will be. This kind of uncertainty is bad for markets and devastating for businesses.” 

The former US Trade rep said Carney’s words meant that US allies no longer want to depend on the US, adding that it’s “not a good place for the country to be.”

Trump doubles down on tariffs with economic risks in mind

The Trump administration is unshakably committed to its protectionist trade policies. The president has vowed to implement sweeping “reciprocal” tariffs on all imports, including universal duties on goods from Canada and Mexico. 

His cabinet is very supportive of the policies, coining Trump’s decisions as “necessary to revive the American manufacturing industry.” Commerce Secretary Howard Lutnick admitted to reporters last week that a recession could result from the tariffs but suggested it would be “worth it” in the long run. 

Still, Kirk pushed back on the administration’s rationale, saying. “To many Americans, the idea of hitting back with tariffs sounds appealing, but the broad imposition of tariffs against our closest allies is an economic circular firing squad—no one benefits from this.” 

Kirk argued that if America wanted to compete with China, it should bring its allies like Canada, Mexico, and Europe closer rather than isolate them. “America First’ may sound good, but ‘America Alone’ is a dangerous path,” the lawyer concluded.

Cryptopolitan Academy: Coming Soon – A New Way to Earn Passive Income with DeFi in 2025. Learn More

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

Crypto News | Pi Network (PI) Price Predictions for This Week Duo Nine | usagoldmines.com

Mubarak Meme Coin Skyrockets 200% in 48 Hours: Is This Rally Sustainable? Elena R | usagoldmines.com

Hyperliquid Whale a Trader Or Cyber Criminal? ZachXBT Exposes the Truth! Mustafa Mulla | usagoldmine...

Crypto Firms Seek National Bank Status Victor | usagoldmines.com

Tesla short sellers make $16 billion as Elon Musk loses $200 billion Jai Hamid | usagoldmines.com

Global markets rise for the second day as US investors await housing data Jai Hamid | usagoldmines.c...

Vitalik Buterin mints DAI, sells DHN and crashes meme token prices with rapid selling Hristina Vasil...

Shiba Inu (SHIB) Millionaire Bets $0.25 Million On This ETH-Based Altcoin, Predicting 17,500% Run So...

Bitcoin Accumulation Resumes After 3 Months Of Distribution – Analyst Sebastian Villafuerte | usagol...

Crypto News | Is Dogecoin Poised for a Breakout? These Indicators Say Yes (Santiment) Mandy William...

Crypto News | Crypto.com influence stirs controversy in Cronos token burn reversal Oluwapelumi Adeju...

Bitcoin Crash Ahead? Peter Schiff Predicts BTC at $20K as Gold Surges Vignesh S G | usagoldmines.com

80 Companies Embrace Bitcoin Holdings Victor | usagoldmines.com

Bitcoin Leads the Charge Amid Post-Election Market Dip Victor | usagoldmines.com

Ethena Labs and Securitize to launch Converge blockchain for retail and institutional DeFi and token...

Ripple mints 25 million RLUSD tokens Florence Muchai | usagoldmines.com

New York Court to Review LIBRA Token Case Following 94% Price Crash Maisie Morrison | usagoldmines.c...

Japan’s Metaplanet Buys $12.5M in Bitcoin, Adding Another 150 BTC to Holdings Ruholamin Haqshanas | ...

Cronos Approves Controversial $5.6B CRO Reissuance Proposal with Crypto.com’s Influence Ruholamin Ha...

China’s Xi Jinping to visit Washington amid trade tensions with Trump Jai Hamid | usagoldmines.com

Lightchian AI & Cardano (ADA) See Surge In Whale Activity, Which Crypto Will Pump First? Cryptop...

Bitcoin Bull Run ‘Is Over’: CryptoQuant CEO Sounds The Alarm Jake Simmons | usagoldmines.com

Crypto News | These Altcoins Suffer the Most as Bitcoin (BTC) Slides to $83K (Market Watch) Jordan ...

Crypto News | Solana Foundation sparks backlash with controversial ad comparing pronouns to DeFi Olu...

Can Pepe Coin Surge 60%? Top Analysts Predict Massive Breakout! Mustafa Mulla | usagoldmines.com

Pi Coin Price Drops 17% After $175M Token Unlock – What’s Next? Zameer Attar | usagoldmines.com

Mubarak Meme Coin Hits $200M Market Cap – Is It the Next Big Crypto? Vignesh S G | usagoldmines.com

Ripple Lawsuit Update: Will XRP Recover After Legal Uncertainty? Debashree Patra | usagoldmines.com

Metaplanet Acquires 150 BTC, Joins Top 10 BTC Holders Victor | usagoldmines.com

Bitcoin’s bull market just might be over as US stocks seemingly revive Jai Hamid | usagoldmines.com

Fasttoken (FTN) leads this week’s $486m unlocks – what’s next for prices? Vignesh Karunanidhi | usag...

Mutuum Finance: Ethereum-Based Token Ready To Revolutionize DeFi With 15,000% Rally In 5 Weeks Crypt...

Crypto News | New Meme Coin MUBARAK Explodes as PEPE and MEMEX Gain Momentum Felix Mollen | usagold...

Crypto News | Ripple (XRP) Price Predictions for This Week Duo Nine | usagoldmines.com

Crypto News | Cardano (ADA) Price Predictions for This Week Duo Nine | usagoldmines.com

Crypto News | Binance Updates, Cardano Whale Sell-Off, and More: Bits Recap for March 18 Dimitar Dz...

Crypto News | Bitcoin bull market could be over until 2026 based on PnL index – CryptoQuant CEO Liam...

How Bitcoin Fixes Musk’s ‘Magic Money Computer’? Victor | usagoldmines.com

Binance’s Four.meme launch platform attacked to drain liquidity from newly launched tokens Hristina ...

Solana Removes ‘Offensive,’ ‘Cringe’ Ad Following Intense Community Backlash Sujha Sundararajan | us...

Microsoft Warns of New Trojan Targeting Crypto in 20 Chrome Wallet Extensions Ruholamin Haqshanas | ...

BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks Rubmar Garcia | usagold...

Crypto News | Aptos Movemaker Launches US$2 Million Grant Program and Exclusive Co-Working Space fo...

Crypto News | Why Is the Pi Network (PI) Price Down Today? Dimitar Dzhondzhorov | usagoldmines.com

Crypto News | TokenPicks Launches Reward System to Incentivize Crypto Education Chainwire | usagold...

Top Altcoins to Watch in 2025: Expert Picks & Bitcoin’s Next Move Elena R | usagoldmines.com

Burwick Law Sues LIBRA Memecoin Creators Over Deceptive Token Launch Nidhi Kolhapur | usagoldmines.c...

Trump’s SEC Pick Paul Atkins Faces Shocking Delay – Missing Paperwork Stalls Confirmation! Mustafa M...

Dogecoin (DOGE) Journey to the Top Is Over, Could Mutuum Finance (MUTM) Be the Next 50x Opportunity?...

Bitcoin Miner Selling Still Elevated, On-Chain Data Shows Keshav Verma | usagoldmines.com

Crypto News | Bitcoin ETFs See a Glimmer of Hope as Inflows Hit a 6-Week High Jordan Lyanchev | usa...

Crypto News | Bitcoin (BTC) Bull Cycle May Be Over: CryptoQuant CEO Warns Chayanika Deka | usagoldm...

Vitalik Buterin Sells Meme Tokens For 71.69 ETH, Mints 315K DAI Nidhi Kolhapur | usagoldmines.com

Crypto News: $32.6 Million Bitcoin Pyramid Scheme Dismantled by Spanish Authorities Anjali Belgaumk...

Bitcoin advocate who took on Elizabeth Warren says ‘now is the most bullish time’ for crypto’ Nelliu...

Crypto Trading Firm Cumberland Subsidiary Receives Singapore MAS’ nod for MPI License Sujha Sundarar...

Canary Capital Group Seeks Approval for Sui-Based ETF Shalini Nagarajan | usagoldmines.com

Bitcoin Spot ETFs See $275M Inflow as Ethereum ETFs Extend 9-Day Outflow Streak Ruholamin Haqshanas ...

Tether Boosts Stake in Bitdeer to 21.4%, Now Holds 32M Shares Nidhi Kolhapur | usagoldmines.com

ADA Founder Says SEC Would Have ‘Danced on Bankrupt Graves’ of Crypto Projects if They Won Anjali B...

Hashdex ETF Expansion Could Shake Up the Crypto Market – Here’s Why Debashree Patra | usagoldmines.c...

WazirX News: Exchange Gears Up for Relaunch After $234.9M Hack Vignesh S G | usagoldmines.com

Burwick Law firm takes legal action against Kelsier, KIP, and Meteora over alleged unfair LIBRA toke...

WhiteRock deep dive: On-chain brokerage with tokenized equities and bonds Brian Koome | usagoldmines...

Historical Pattern From 2020 Hints Ethereum Could Be Poised For A Parabolic Rally, Analysts Explain ...

Crypto News | ETF Bloodbath: What Happened to Bitcoin and Ethereum Funds Last Week Mandy Williams |...

Top ‘Whale Approved’ Altcoins to Stack Ahead of the March 19 FOMC Meeting Anjali Belgaumkar | usago...

Trump’s World Liberty Financial Raises $550M, Trump and Partners To Receive $390M Nidhi Kolhapur | u...

Crypto Exchange Gemini Appoints New CFO as it Prepares for Potential IPO Shalini Nagarajan | usagold...

Bitcoin Bull Cycle is Over, Expect 6-12 Months of Bearish Trend: CryptoQuant CEO Shalini Nagarajan |...

Lightchain AI Thrives with Innovation and Strong Support Amid Challenging Market Conditions Cryptopo...

Solana Marks 5-Year Journey – 400 Billion Transactions And Counting Christian Encila | usagoldmines....

Bitcoin Bull Market Over, CryptoQuant CEO Predicts Bearish Trend for Next 6–12 Months Anjali Belgau...

SEC To Reconsider Biden’s Crypto Custody Rule, Acting SEC Chair Uyeda Says Nidhi Kolhapur | usagoldm...

Michael Saylor’s Strategy outperforms Bitcoin. Is a reversal coming? Jai Hamid | usagoldmines.com

Shiba Inu and Dogecoin Whales Flock to Remittix (RTX) at $0.07, Forecasting a 15,540% Surge in Weeks...

Solana Gears Up for a Major Breakout—How BONK and XYZ Could Benefit! Cryptopolitan Media | usagoldmi...

XRP Price Prediction For March 18 Anjali Belgaumkar | usagoldmines.com

Bitcoin Whales Exit $945M in ETFs – Can BTC Break Above $85K? Arslan Butt | usagoldmines.com

Russian Central Bank to Test Digital Ruble Smart Contract Functions in Tatarstan Tim Alper | usagold...

Top Asian Investors Shift From Tron (TRX) and Shiba Inu (SHIB) to Acquire This Underrated 70x Altcoi...

Analyst Predicts Dogecoin And Altcoins’ Next Surge – Here’s The Timeline Jake Simmons | usagoldmines...

Ripple’s New Trademark Filing Sparks Speculation on Upcoming Crypto Wallet Anjali Belgaumkar | usag...

XRP To Triple Digits? Analyst Confident In $100 Price Goal Christian Encila | usagoldmines.com

Crypto News | Caution from US investors leaves Coinbase Premium negative Andjela Radmilac | usagoldm...

Solana futures debut on CME as mainstream adoption grows Nellius Irene | usagoldmines.com

Elon Musk appears in an interview with US senator Ted Cruz and Ben Ferguson Shummas Humayun | usagol...

Hedera (HBAR), Shiba Inu (SHIB) Or Mutuum Finance (MUTM): Which Of These Will Make You Rich In 2025?...

Crypto News | Ethereum Foundation reportedly adapting based on community feedback Gino Matos | usago...

Crypto News | Hashdex amends S-1 filing for crypto index ETF to add 7 altcoins – including SOL and X...

Hashdex Seeks SEC Approval to Add Litecoin to Crypto Index ETF Hassan Shittu | usagoldmines.com

Spanish Police ‘Dismantle $32.6M Bitcoin-themed Crypto Pyramid Scam’ Tim Alper | usagoldmines.com

Bitcoin Price Set For Reversal To $130,000 After Forming Major Cup And Handle Support Scott Matherso...

Robinhood Launches Prediction Markets Hub For US Retail Investors Tanzeel Akhtar | usagoldmines.com

TRUMP Coin Set for Collapse to $6 – Buy the Dip? Joel Frank | usagoldmines.com

North Korea Surpasses El Salvador in Bitcoin Holdings, Fueled by Bybit Hack Veronika Rinecker | usag...

Bitcoin Resets With 14% Deleveraging—Here’s What Past Events Led To Keshav Verma | usagoldmines.com

Bitcoin needs ‘deeper-pocketed investors’ to absorb the recent sell pressure from short-term holders...

Crypto News | No Strategic Bitcoin Reserve in South Korea: Report Mandy Williams | usagoldmines.com

Helium Network releases strong Q4 2024 report, returns spotlight to DePIN Hannah Collymore | usagold...

Leave a Reply