Business / Economics

Trump trade war intensifies with new and retaliatory tariffs

today5 March, 2025

Background

Mexico, Canada and China are quickly retaliating after President Donald Trump slapped them with fresh tariffs overnight. Goods coming from the US’s northern and southern neighbors are now subject to a 25% duty, while the tariff on Chinese goods doubled to 20%. The action threatens to intensify a painful and costly trade war. Toni Waterman has more:

 

Written by: Leonard Witbeen

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