Introduction
As Trump’s new tariffs come into effect, trade tensions are hitting new highs. Both China and Canada have swiftly retaliated, injecting uncertainty into global markets.
The escalation of tariffs by the U.S. government means that these nations are forced to defend their economies. China has outlined plans for countermeasures, while Canada is responding in kind to protect its industries.
Impact on Global Trade
This tit-for-tat strategy sparks fears of a prolonged trade war. As both countries take a stand, investors are left grappling with the potential fallout on the global economic landscape.
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