Donald Trump held off on tariffs on his first day as the president of the United States and is placing a big bet that his executive actions can cut energy prices and tame inflation. But it is unclear whether his orders will be enough to move the US economy as he promises.
As a candidate, Trump had promised to levy 10 to 20 percent tariffs on all imports and up to 60 percent on imports from China. He had also threatened to impose 25 percent on imports from Canada and Mexico if they fail to clamp down on the flow of illicit drugs and migrants entering the US illegally.
