N@N

Trump puts tariffs on Canada, Mexico and China, spurring trade war as North American allies respond

The article from WTVR CBS 6 discusses former President Donald Trump's potential plans to reinstate tariffs on Canadian and Mexican goods if he were to return to office in 2025. Trump's previous administration had imposed tariffs on steel and aluminum from these countries, leading to retaliatory measures and a trade war. The article highlights that Trump's strategy was aimed at renegotiating trade deals to favor the U.S., particularly through the USMCA (United States-Mexico-Canada Agreement), which replaced NAFTA. However, these tariffs strained relations with Canada and Mexico, causing economic disruptions. Experts cited in the article suggest that reintroducing such tariffs could again disrupt supply chains, increase costs for American businesses and consumers, and potentially lead to another trade conflict. The piece also notes that while Trump's approach was to use tariffs as leverage, the long-term effects on international trade relations and domestic industries remain a point of contention.

Read the Full wtvr Article at:
[ https://www.wtvr.com/news/national-politics/trump-tariffs-trade-war-canada-mexico-feb-1-2025 ]