President Trump's announcement of tariffs on goods from Canada, Mexico, and China has sent shockwaves through global markets. The move is expected to cause short-term economic pain for American consumers, while the long-term effects remain uncertain. Reactions from affected countries include retaliatory tariffs and diplomatic efforts to find a resolution.
25% tariffs on Canadian and Mexican products, 10% on Chinese products
Potential for retaliatory tariffs from Canada, Mexico, and China
Concerns about rising prices for American consumers