Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Russian agency: Russia will conduct a nuclear test if the US does
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy
PIJ Secretary-General, Ziyad al-Nakhalah, in an address aired on Al Mayadeen: The Resistance is engaging in a fierce negotiating battle under the so-called Trump plan
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners

Trump offers tariff exemptions to firms relocating to US

  • By Al Mayadeen English
  • Source: Agencies
  • 4 Mar 2025 20:17
3 Min Read

Economic analysts predict that these tariffs could reduce US GDP by 0.3%, with ripple effects throughout multiple industries.

Listen
  • x
  • The BelGioioso Cheese Inc. Campbell Polly-O Plant is in Campbell, New York, on Tuesday, December 24, 2024. (AP Photo/Ted Shaffrey)
    The BelGioioso Cheese Inc. Campbell Polly-O Plant is in Campbell, New York, on Tuesday, December 24, 2024. (AP Photo/Ted Shaffrey)

US President Donald Trump announced on Tuesday that foreign companies relocating their manufacturing operations to the United States will be exempt from tariffs, reinforcing his administration's push to bolster domestic production.

"IF COMPANIES MOVE TO THE UNITED STATES, THERE ARE NO TARIFFS!!!" Trump wrote on Truth Social.

This declaration comes as the White House confirmed that the US is proceeding with significant tariffs on imports from Canada, Mexico, and China. In February, Trump signed executive orders imposing a 25% tariff on all Canadian imports, except for energy resources, which will face a 10% levy. Similarly, tariffs on Chinese goods have been increased to 20% across various sectors. Trump recently reiterated that these measures would take effect on March 4 as planned.

Economic, International Fallout

The tariff escalation has already sparked concerns among major US retailers. Executives from companies such as Target and Best Buy have warned of rising consumer prices, particularly for electronics, furniture, and food products, as many of these goods are heavily imported from affected countries. Target CEO Brian Cornell has specifically pointed out that fruit and vegetable prices will likely surge, given the high volume of produce sourced from Mexico.

Related News

Von der Leyen faces no-confidence vote for 'surrendering Europe' to US

Trump’s tariffs begin to squeeze US shoppers’ wallets: FT

Additionally, the automotive industry is bracing for higher production costs, potentially leading to increased vehicle prices for American consumers. Economic analysts from the Trade Foundation predict that these tariffs could reduce US GDP by 0.3%, with ripple effects throughout multiple industries, as reported by NY Post.

Internationally, the response has been swift. Canada has announced retaliatory tariffs on $155 billion worth of US goods, while China is preparing to impose additional duties on key American agricultural exports, including pork, soy, and beef.

Read more: Trump's tariffs mark a shift toward protectionism: WSJ

Vance Pushes for Strengthening US Defense Industry

Amid economic shifts, Vice President JD Vance is advocating for a stronger industrial base to support national security. Speaking at a Senate Armed Services Committee hearing, where he introduced Elbridge Colby as the nominee for Under Secretary of Defense for Policy, Vance stressed the importance of ensuring military readiness through domestic production.

"We have to build the industrial base in the United States that can support the national security policy of the next generation," he stated.

He urged bipartisan support for increased military funding and weapons manufacturing, stating: "You need to ensure that the troops who are under the commandment of that commander-in-chief actually have the weapons systems necessary to support themselves and to accomplish the mission."

Acknowledging China's demographic advantage, Vance argued that while the US cannot compete in sheer population numbers, investing in advanced military technologies will be critical for maintaining strategic superiority.

Read more: 'New sheriff in town': Vice President JD Vance says in Europe

  • US tariffs
  • tariffs
  • JD Vance
  • US defense industry
  • Donald Trump

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
Al-Quds Brigades strike a command and control center north of Khan Younis, southern Gaza Strip, in an undated screengrab from the al-Quds Brigades military media

Gaza resistance announces major operations against Israeli forces

  • Politics
  • 1 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Retired Israeli General Brik says Israel has reached point of no return.
Politics

Retired Israeli General Brik: 'Israel has reached point of no return'

Depleted by foreign wars, US seeks to re-arm for another confrontation
Politics

Depleted by foreign wars, US seeks to re-arm for another confrontation

Gaza’s newborns gasp for life as hospitals collapse amid Israeli war
Health

Gaza newborns gasp for life, share oxygen masks amid collapsed system

UK arms exports to 'Israel' reach record high despite ban calls
Politics

UK arms exports to 'Israel' reach record high despite ban calls

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS