National Disaster (Economy)
Title: National Disaster (Economy)
Subject: Capitalism, Tariffs, and the Economy
Created: 2025
Medium: Graphic Design
Software: Adobe Illustrator CC
Dimensions: 36″x48″
Article
“The leaders of Canada and Mexico have hit back after Donald Trump signed an order authorizing drastic tariffs of up to 25% on their exports to the US, while China said it would complain to the World Trade Organization after it was also targeted by the president.
Canada’s prime minister, Justin Trudeau, on Saturday night made a televised address announcing concrete measures including a tit-for-tat 25% tariff phased in across C$155bn ($107bn) worth of American products. Trudeau said Trump had put at risk US consumers’ and industries’ access to much-needed Canadian critical minerals and resources including oil, energy and timber. The prime minister promised to work with Canada’s provinces to review dealings with the United States.”
– The Guardian, Canada and Mexico hit back after Trump signs order for punishing tariffs
“Although tariffs are a bane to most economists, they are a widely used as a tool for regulating international trade and for shielding domestic industries from foreign competition. At the simplest level, tariffs are taxes placed on goods made overseas that are imported into the country. Notably, foreign companies aren’t responsible for paying the duties. Instead, U.S. businesses directly pay the tariffs on their imported goods to the federal government, according to the Tax Foundation, a tax-focused think tank.
Because American businesses are on the hook for paying the tariffs on imports, they historically have passed on some or all of those costs to consumers. At the same time, tariff proponents like Mr. Trump argue that such levies can help protect manufacturers here at home. For instance, consumers may opt to buy U.S.-made products rather than newly pricier imports, while companies may choose to avoid tariffs by opening new plants in the U.S.”
– CBSNews, What are tariffs? Here’s everything you need to know about the import duties.
Download the 8.5″x11″ print (.pdf), World News #97 – National Disaster (Economy)
Close-ups
World News
World News is a series of artworks by Ihanktonwan Dakota artist David Bernie that discusses issues and stories affecting communities worldwide.
Creative Commons License
This work by David Bernie is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. You may download, share, and post the images under the condition that the works are attributed to the artist.
