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Trump's tariffs escalate global trade tensions

US President Trump's decision to impose tariffs鈥�25% on imports from Canada and Mexico, and an additional 10% on Chinese goods鈥攈as sent shockwaves through global markets.

In response to President Trump's recent tariffs, key trading nations are formulating their countermeasures. Canadian Prime Minister Justin Trudeau has criticised the US move, calling it 鈥樷�檜njust and counterproductive鈥欌��.

China has halted imports of U.S. logs and soybeans, signalling a firm stance against the tariffs.

Mexico's President Claudia Sheinbaum announced plans to impose retaliatory tariffs on American goods, with specific details to be unveiled at an upcoming event in Mexico City's central plaza.

And we'll also look at how the tariffs could lead to higher car prices for U.S. motorists.

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27 minutes

Last on

Tue 4 Mar 2025 22:32GMT

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  • Tue 4 Mar 2025 22:32GMT

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