Trump Ignites Global Trade War: Slaps Tariffs on China, Canada, and Mexico

President Donald Trump has launched a new phase in his trade war, imposing significant tariffs on major U.S. trading partners. In a bold move, Trump signed executive orders implementing a 10% tariff on Chinese imports, while Canada and Mexico face steeper 25% tariffs on most goods. The White House claims these measures are necessary to combat illegal immigration and drug trafficking. However, economists warn of potential price hikes for American consumers and retaliation from affected countries. This decision marks a dramatic shift in U.S. trade policy, with far-reaching implications for the global economy.

Source: Reuters