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News24 | Trump inaugurated, promises to make Americans rich by taxing other countries

  • U.S. President Donald Trump pledged to impose tariffs and taxes on foreign countries to benefit American citizens, stating, "We will tariff and tax foreign countries to enrich our citizens."
  • Trump's inaugural address included plans for trade wars targeting both allies and adversaries, raising the possibility of new tariffs.
  • Prior to his second term, Trump proposed 25% tariffs on Canadian and Mexican imports and 10% on Chinese goods if issues were not addressed.
  • Trump announced plans to create an external revenue service to collect tariffs and a Department of Government Efficiency to reduce federal spending.
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