Former U.S. President Donald Trump’s proposal for sweeping tariffs—25% on imports from Canada and Mexico, plus 10% on Chinese goods—has sparked international alarm. Critics warn this could reignite trade wars, disrupt supply chains, and hike consumer prices globally.
Canadian PM Justin Trudeau called recent talks with Trump \"excellent\" but avoided endorsing the plan, while Mexican President Claudia Sheinbaum warned of \"dire consequences,\" including inflation and risks to U.S. auto giants like GM and Ford.
A new S&P Global report estimates that steep tariffs could slash up to 17% of annual profits for major automakers. Meanwhile, economists cite Trump’s 2018-2019 tariffs—which cost U.S. importers $80 billion—as a cautionary tale. JPMorgan data showed global manufacturing slumped for months under those policies.
President Joe Biden labeled the plan \"counterproductive,\" and Democrats introduced a bill to block it, arguing tariffs would raise household costs by thousands yearly. The Peterson Institute predicts a $2,600 annual hit to average families.
China’s Embassy spokesperson Liu Pengyu urged cooperation: \"No one wins a trade war.\" With fears of retaliation and economic domino effects, the world watches nervously as tensions rise.
China & Mexico Push Back Against Trump’s…
