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Trump’s New Tariffs on Canada, Mexico & China: What It Means for the Global Economy

February 03, 2025 2 min read
author Anamika Mishra, Sub Editor
In a shocking move, U.S. President Donald Trump has imposed sweeping tariffs on imports from Canada, Mexico, and China, shaking up the global trade system. The 25% tariffs on Canadian and Mexican goods (with Canadian energy products facing 10% tariffs) and a 10% tariff on all Chinese imports are set to take effect Tuesday at 12:01 a.m. Why Did Trump Impose These Tariffs? The tariffs are part of Trump’s crackdown on fentanyl smuggling and illegal immigration, but critics argue they could increase inflation, disrupt supply chains, and weaken U.S. industries. The move also threatens to make China an even stronger global trade powerhouse. How Canada, Mexico & China Are Fighting Back Canada is

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