Trade War Begins!
Trump has announced new tariffs (extra taxes) on imports: 25% on Canadian and Mexican goods, 10% on Canadian energy products, and 10% on Chinese goods.
In response, Canada is imposing matching tariffs on $106.5 billion worth of U.S. imports, while Mexico and China are also hitting back with retaliatory measures. China argues that these tariffs violate global trade rules, but Trump insists that the economic pain is necessary.
What are the causes for us - population?
-Higher prices of goods
-Job losses in import and export sectors
-Volatility and recession in the financial markets
-Potential global conflicts
Trump has announced new tariffs (extra taxes) on imports: 25% on Canadian and Mexican goods, 10% on Canadian energy products, and 10% on Chinese goods.
In response, Canada is imposing matching tariffs on $106.5 billion worth of U.S. imports, while Mexico and China are also hitting back with retaliatory measures. China argues that these tariffs violate global trade rules, but Trump insists that the economic pain is necessary.
What are the causes for us - population?
-Higher prices of goods
-Job losses in import and export sectors
-Volatility and recession in the financial markets
-Potential global conflicts