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
Al Mayadeen's correspondent in South Lebanon: One martyred in the Israeli drone strike on a car in the town of Kawnin
Al Mayadeen's correspondent in South Lebanon: Israeli drone targets a car in the town of Kawnin
Naeini: If our national interests are attacked again, our response this time will be stronger and more destructive
Naeini: The war has proven that the settlers are defenseless against Iranian missile and drone forces
Naeini: Trump lacks an understanding of the true strength of the Iranian people and is so deluded as to believe he can change the reality of Iran's victory
Naeini: The defeat led to Trump's confusion and loss of balance, which was reflected in his ill-considered statements
IRGC spokesperson Brigadier General Mohammad Naeini: Trump's statements are a result of his defeat against Iran, and we advise him to abandon absurd policies
Gaza Government Media Office: The number of children martyred due to malnutrition has risen to 66
Saree: Loyal Yemen will not abandon its religious, moral, and humanitarian duties toward the Palestinian people
Saree: Over the past week, we carried out military operations targeting sensitive sites and military installations in Beer al-Sabe', Yafa, and Haifa via a number of ballistic missiles and drones, which were all successful

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

US ending all trade talks with Canada over new tax on US tech firms

US to lift trade restrictions on China following new bilateral deal

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

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli occupation soldiers search for settlers amid the rubble of buildings destroyed by an Iranian missile strike in Bat Yam, central occupied Palestine, on Sunday, June 15, 2025 (AP)
Politics

Iran missile strike flattens Bat Yam, displaces 2,000 settlers

Palestinian fighters from the Islamic Jihad militant group riding on a truck with weaponry on display take part in an anti-Israel parade marking the 36th anniversary of the movement's founding, in Gaza City, Wednesday, Oct. 4, 2023 (AP)
Politics

Palestinian Resistance attacks Israeli forces in Khan Younis, Jabalia

Iranian Foreign Minister Abbas Araghchi stands waiting to meet Russian President Vladimir Putin for the talks at the Kremlin in Moscow, Russia, Monday, June 23, 2025 (AP)
Politics

Iran suspends IAEA cooperation, Araghchi blames Grossi for attacks

The commander of the Quds Force's Palestine Unit, Brigadier General Mohammad Said Izadi (Illustrated by Mahdi Rtail for Al Mayadeen English)
Politics

Who was Mohammad Said Izadi, head of the Quds Force's Palestine Unit?

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