Trump's Tariff Gambit: Future of US Trade Ties

President-elect Donald Trump plans to impose significant tariffs on imports from Canada, Mexico, and China, risking trade wars and violating existing trade agreements. This move aims to pressure these countries to address drug trafficking and border issues, and renegotiate the USMCA deal with Canada and Mexico.

On Monday, President-elect Donald Trump unveiled plans for hefty tariffs on imports from key trading partners—Canada, Mexico, and China—delivering on campaign promises that threaten to spark trade wars.

Trump's tariffs, including a 25% levy on Canadian and Mexican imports and an additional 10% on Chinese goods, aim to curb drugs and illegal migration but risk violating trade agreements like the USMCA.

The announcement, seen as a tactic for early renegotiation of USMCA, caused market fluctuations and drew criticism, as retaliatory measures could harm global supply chains and economies.

(With inputs from agencies.)