Trump Imposes New Tariffs on Mexico, Canada, and China, Threatens EU with Similar Measures

The U.S. announces 25% tariffs on goods from Mexico and Canada, 10% on Chinese imports, with potential economic fallout for all involved.

The U.S. has implemented 25% tariffs on imports from Mexico and Canada, as well as 10% tariffs on goods from China, citing trade imbalances and border security issues.
Canadian Prime Minister Justin Trudeau has warned of immediate countermeasures, while Mexico's President Claudia Sheinbaum has expressed concern but remains committed to diplomacy.
Economic experts predict significant impacts, with Canada's economy potentially entering a recession and Mexico facing a GDP drop of up to 4.1%.
The tariffs are expected to raise prices for U.S. consumers and slow domestic economic growth, with an estimated $200 billion reduction in U.S. GDP during Trump's second term.
Trump has also renewed threats of tariffs on EU imports, accusing the bloc of unfair trade practices, and hinted at additional tariffs on items like computer chips, oil, and gas starting February 18.