Tariffs
President-elect Trump has vowed tariffs are coming on Day 1 of Term 2.
In a Truth Social post on Monday, Trump promised to impose a 25% tariff on all products coming from Mexico and Canada in retaliation for illegal immigration and the fentanyl crisis; he also pledged an additional 10% tariff hike on China for its role in the fentanyl supply chain. He said tariffs would be removed once the crises are resolved.
Responses were swift. Canada and Mexico’s currencies fell sharply, and a Chinese Embassy spokesperson warned that “no one will win a trade war.” Yesterday, Mexico––Uncle Sam’s largest trading partner––suggested it would retaliate with its own tariffs.
The stock market barely reacted to Trump’s posts, a sign that investors likely see these tariffs as political posturing rather than an inevitability.
ETERNAL PERSPECTIVE
While economic policies are important, Christians should remember that our ultimate hope rests in Christ, not in worldly economies. As citizens of heaven, we trust in God’s eternal providence.
“Our citizenship is in heaven, and we eagerly wait for a Savior from there, the Lord Jesus Christ.”
Philippians 3:20 CSB (read full passage)