The U.S. has rocked global markets with new tariffs on imports from Mexico, Canada, and the Chinese mainland, sparking fears of a full-blown trade war. 🌐⚡ President Donald Trump announced a 25% tariff on Mexican and Canadian goods and 10% on Chinese products, citing protection for American industries. While tariffs on Mexico and Canada were paused for 30 days after concessions, experts warn the move could disrupt supply chains and \"slow global growth\".
Retaliation Risks and Market Chaos
Affected nations are eyeing countermeasures, with Canada and Mexico vowing to retaliate. The EU and UK could be next, complicating ongoing trade talks. 💣 Analysts say multinational companies relying on global supply chains—think tech, automotive, and agriculture—are most at risk. 📉 Stock markets dipped as tensions flared, with Reuters noting \"economic uncertainty\" could squeeze profits and hike consumer prices.
