The U.S. has ignited fresh global trade tensions after announcing a 10% tariff on all imports from the Chinese mainland 🇨🇳. President Donald Trump signed the executive order Saturday, doubling down on protectionist policies that critics warn could destabilize economies worldwide.
📰 White House officials confirmed the tariffs will stack on existing duties, raising costs for American businesses and consumers. Trump defended the move as \"pro-U.S. jobs,\" but economists fear retaliatory measures could spark a full-blown trade war.
China’s Foreign Ministry spokesperson Mao Ning fired back: \"Trade wars have no winners. We’ll defend our interests firmly but responsibly.\" Commerce Ministry spokesperson He Yadong added that tariffs harm global economic recovery, stating China’s position remains \"consistent and clear.\"
🌎 The ripple effects? New 25% tariffs on Mexican goods and 10% on Canadian energy products were also announced. With markets already jittery about inflation, analysts predict this could trigger price hikes on everything from electronics to electric vehicles.
