Trump Unveils Sweeping US Tariffs on Canada, Mexico, and China

In a move that is set to escalate trade tensions, US President Donald Trump has announced the imposition of tariffs on imports from Canada, Mexico, and China. The tariffs, which are set to take effect on Tuesday, will see 25% levied on most Canadian and Mexican imports, while 10% will be imposed on goods from China. The move is seen as a response to trade disputes with the three countries, with Canada and Mexico vowing to retaliate with their own tariffs. Canada has pledged to impose 25% tariffs on $155 billion of US goods, including beer, wine, fruit, vegetables, clothing, and household appliances, while Mexico has vowed to impose similar tariffs on American imports. China, meanwhile, has announced that it will challenge the US tariffs through the World Trade Organisation. The economic impact of the tariffs is expected to be significant, with US car prices potentially increasing by $3,000 and economic growth slowing down in all three countries. The move has sparked concerns about the potential for a trade war, with experts warning of the risks of inflation and economic instability. As the situation continues to unfold, one thing is clear: the global economy is bracing for a potentially tumultuous period ahead.