Trump Proposes New Tariffs That Could Ignite Trade Wars with Canada, Mexico, and China

Reported about 6 hours ago

President-elect Donald Trump announced plans to impose significant tariffs on Canada, Mexico, and China, pledging a 25% duty on imports from Canada and Mexico while targeting an additional 10% tariff on Chinese products. This move is part of his campaign promise to prioritize American interests but risks violating existing trade agreements like the USMCA, potentially leading to trade wars and increased tensions with these key trading partners.

Source: YAHOO

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