What are tariffs and why is Trump levying them on Canada, Mexico and China?
by Lauren Aratani from Economics | The Guardian on (#6SHAS)
Trump is now laying ground for a trade war with the country's largest trading partners
There are still more than 50 days left until Donald Trump takes office, but he has already laid the ground for a trade war that could shake the global economy.
Trump announced on Monday that he will sign an executive order placing a 25% tariff on all imports from Canada and Mexico, along with an additional 10% tariff on imports from China, in purported retaliation for drugs and migrants crossing US borders.
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