REACTION: The Impacts of Trump’s Tariffs
By
AQ Online
The decision could push Mexico into a recession, while the U.S. may see higher consumer prices and slower growth.
On February 1, U.S. President Donald Trump upended relations with his country’s three largest trading partners by imposing a steep 25% tariff on most imports from Mexico and Canada and a 10% levy on all imports from China. In response, Canadian Prime Minister Justin Trudeau announced an identical 25% levy on $107 billion of American goods, and Mexico’s President Claudia Sheinbaum promised retaliation, but did not offer details on scope or targets. China also criticized the White House’s decision, saying it would file a lawsuit with the...
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