Reported about 5 hours ago
U.S. President Donald Trump's recently implemented tariffs on imports from Canada, Mexico, and China are fueling an escalating trade war that is expected to increase costs for businesses and consumers alike. With tariffs reaching as high as 25% on goods from Canada and Mexico and 20% on Chinese imports, experts predict significant price hikes on a wide array of consumer products, including electronics, groceries, and vehicles. Retaliatory tariffs have already been announced by all three countries, potentially leading to broader economic consequences and a loss in GDP for all involved nations.
Source: YAHOO