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Trump's tariffs escalate global trade tensions

US President Trump's decision to impose tariffs—25% on imports from Canada and Mexico, and an additional 10% on Chinese goods—has sent shockwaves through global markets.

In response to President Trump's recent tariffs, key trading nations are formulating their countermeasures. Canadian Prime Minister Justin Trudeau has criticised the US move, calling it ‘’unjust and counterproductive’’.

China has halted imports of U.S. logs and soybeans, signalling a firm stance against the tariffs.

Mexico's President Claudia Sheinbaum announced plans to impose retaliatory tariffs on American goods, with specific details to be unveiled at an upcoming event in Mexico City's central plaza.

And we'll also look at how the tariffs could lead to higher car prices for U.S. motorists.

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27 minutes

Last on

Tue 4 Mar 2025 22:32GMT

Broadcast

  • Tue 4 Mar 2025 22:32GMT