Trump imposes tariffs but Canada and Mexico hit back

In response to Trump’s announcement of sweeping tariffs on imports from China, Mexico, and Canada, all three countries have prepared retaliatory measures, with Canada imposing 25% tariffs on $155bn worth of American goods, and Mexico planning to respond with tariffs and non-tariff measures. The tariffs are part of Trump’s economic vision to grow the US economy, but could lead to higher prices on a variety of products and impact industries like automotive, with economists warning of potential negative consequences on growth and inflation.

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