Washington, D.C., US – A major trade dispute has erupted after the Trump administration imposed sweeping tariffs on imports from China and Canada, prompting swift retaliatory measures from both nations.
The new U.S. tariffs, which came into effect at midnight, include a 25% levy on Canadian imports and an additional 10% duty on Chinese goods, targeting a wide range of products. The White House has justified the move by citing concerns over border security and China’s inadequate action against fentanyl trafficking.
In response, China has announced fresh tariffs on key U.S. agricultural exports and introduced restrictions on American businesses operating in the country. Meanwhile, Canada has unveiled countermeasures, imposing tariffs on $107 billion worth of U.S. imports.
The escalating trade conflict has sparked fears of a full-blown trade war, with global markets reacting negatively. Analysts warn that the tariffs could drive up prices for consumers, disrupt supply chains, and strain diplomatic relations between Washington and its trading partners.
With tensions rising, economic experts suggest that prolonged disputes could lead to significant repercussions, including slowed economic growth and increased uncertainty in global trade.
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