Trade War or Strategy? World Reacts to Trump’s Latest Tariffs

Feb 02, 2025 Khushi Kumari

U.S. President Donald Trump imposed 25% tariffs on Canadian and Mexican imports and 10% on Chinese goods starting Tuesday

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The tariffs will remain in place until the national emergency over fentanyl and illegal immigration ends

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The Canadian Chamber of Commerce warned that tariffs would increase costs for businesses and consumers

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The 25% tariff on Mexico could harm three decades of trade integration, Mexico’s retail sales growth could drop from 4.5% to 3.3% due to tariffs

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Industry leaders and Democrats condemned Trump’s tariffs as a “trade war,” warning of economic instability and higher prices

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Clayton Seigle (CSIS) warned that Trump's tariffs could raise fuel prices, disrupt crude supply, cut Canadian output, and trigger retaliatory trade actions

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