U.S. President Donald Trump's latest move has sent shockwaves through global markets, with new tariffs targeting imports from China, Mexico, and Canada. The February 1 executive order imposes a 10% tariff on all Chinese imports—on top of existing duties—and slaps an additional 25% levy on goods from Mexico and Canada.
Analysts predict these measures could disrupt supply chains, inflate consumer prices, and spark retaliatory actions. For young professionals and entrepreneurs tracking global markets, the tariffs add fresh uncertainty to cross-border trade strategies.
Students and researchers are already crunching the numbers: How will this impact tech startups relying on Chinese manufacturing? Could North American automakers face steeper export hurdles?
While the Taiwan Strait and cross-strait ties remain unaffected by these policies, the broader implications for Asia-Pacific trade dynamics are under scrutiny. Stay tuned as we break down what this means for your wallet, business, and the global economy.
Reference(s):
cgtn.com