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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Some products may face price hike in US amid Trump tariffs: Lutnick

  • By Al Mayadeen English
  • Source: Agencies
  • 5 Mar 2025 21:49
2 Min Read

US Secretary of Commerce said that some products may face an increase in price for a 'short period of time', while asserting that the price hikes are not inflation.

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  • Some products may face price hike in US amid Trump tariffs: Lutnick
    - Eggs are for sale at a grocery store in Lyndhurst, New Jersey, on Tuesday, Feb. 4, 2025 (AP Photo/Ted Shaffrey, File)

Trump's latest tariffs may cause a price hike of certain products in the United States for a short period, according to US Secretary of Commerce Howard Lutnick on Wednesday.

Lutnick stated that "There's going to be a short period of time where there will be some higher prices on certain products. It's not inflation. That's nonsense. It's certain products for a short period of time," in an interview with Fox News. 

He added that President Donald Trump is considering exempting some Canadian and Mexican products from tariffs for the upcoming month to help domestic manufacturers in the United States, including automakers.

Trump offers tariff exemption for relocation

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United States President Donald Trump announced on March 4 an exemption from tariffs to all foreign companies that relocate their manufacturing operations to the US in an attempt to prop up local manufacturing.

"IF COMPANIES MOVE TO THE UNITED STATES, THERE ARE NO TARIFFS!!!" Trump's announcement reads on his Truth Social platform.

Trump's escalation of tariffs, particularly on imports from Canada and Mexico, has sparked concerns among major US retailers like Target and Best Buy, who pointed out that the tariffs will harm consumers as prices increase, especially for electronics, which are mostly imported.

Canada and Mexico have no way to avoid the imposition of 25% tariffs, which are set to take effect on March 4, according to a statement by Trump on March 3, where he said "They’re going to have to have a tariff."

"So what they have to do is build their car plants, frankly, and other things in the United States, in which case they no tariffs." Trump said, adding that there was "no room left" for a deal to Prevent the tariffs by tackling the flow of fentanyl into the United States.

Trump's tariffs are making the United States a "scary place to invest", according to Nobel-prize-winning economist Joseph Stiglitz, who pointed out that the US tariff war against the world could lead to the worst kind of inflation, stagflation.

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  • Canada
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