Trump's Tariffs Ignite Global Trade War Fears

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What happens next now that Trump has slapped tariffs on Mexico, Canada, and China? Global sharemarkets tumbled, and European futures plunged as Trump hinted at targeting European Union countries next. Canada, Mexico, and China have already retaliated, with China threatening to file a lawsuit against the tariffs. Analysts warn of a destructive global trade war and a surge in US inflation.

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Trade War Heats Up

Trump has announced new 100% tariffs on Chinese goods, on top of existing 30% duties.
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In a surprising move, US President Donald Trump has confirmed a 30-day pause on tariffs for Mexico and Canada. This decision comes after talks with the leaders of both countries, who have agreed to stricter border measures to combat the illegal drug trade. But tensions with the EU are on the rise as Trump threatens tariffs, sparking fears of a trade war. Here's what you need to know:

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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%.
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Trump Slaps Tariffs on Canada, Mexico, and China: A Trade War Erupts

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Donald Trump has started a trade war by imposing tariffs on Canada, Mexico, and China. The move comes as a retaliation against what he perceives as unfair trade practices and the flow of illegal drugs into the US. Canada and Mexico have pledged to respond with tariffs of their own, while China has criticized the decision and promised countermeasures. The tariffs could impact the prices of many goods in the US, including groceries, gas, and consumer items. US farmers and small businesses are also bracing for the impact.

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In a bold move, Donald Trump has announced 25% tariffs on imports from Mexico and Canada, and 10% tariffs on goods from China. This unexpected decision has sparked fears of price increases for US consumers and potential disruptions in various sectors, including energy, automotive, lumber, and agriculture. Both Canada and Mexico are preparing for retaliatory tariffs, while China has previously targeted Trump's supporters in rural America with tariffs on US farm exports. Will this be the start of a full-blown trade war?