Donald Trump begins new Trade War Against Mexico, China and Canada! This shouldn't be a surprise to anyone considering the trade deficit and the failed actions of the leaders of each country. Donald Trump is making some serious changes to how the United States handles its "allies" and "trade partners".
Ultimately, the U.S. has imposed tariffs on Canada, Mexico, and China due to unmet demands, which could benefit the U.S. economy by encouraging businesses to find alternative suppliers or increase domestic production. Canada faces 25% tariffs on most goods, while Mexico’s goods are all taxed at this rate, impacting items like car parts and manufactured goods. The U.S. Dollar has risen against both the Mexican Peso and Canadian Dollar, causing losses in their values and affecting foreign exchange markets.
Canada and Mexico are shooting themselves in the foot. China... is China (*shrugs)