Trump's Tariffs: A New Era of Trade Wars
Trump's Tariffs: A New Era of Trade Wars
Trump's tariffs on Canada, Mexico, and China have sparked a new era of trade wars. Here's what you need to know:
- Trump hit Canada and Mexico with a 25% tariff on imports, and China with 10%.
- Tariffs against Canada exclude oil and energy products.
- Mexico and Canada have already announced retaliatory tariffs.
- China's Ministry of Commerce said it would file a lawsuit with the World Trade Organization.
- Some US business leaders have reacted neutrally to the tariffs, while others have criticized them.