Trump Plans Tariffs on Canada, China, Mexico

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Newsweek

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How Different Countries are Reacting to Potential Trump Trade War

Summary

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76% Informative

President-elect Donald Trump has announced plans to impose punitive tariffs on Canada , China , and Mexico .

The Chinese government has said that "no one will win a trade war" Germany 's economy minister and vice chancellor Robert Habeck said that Germany , and Europe as a whole, should also be prepared for the possibility of U.S. tariffs.

A trade war is an economic conflict in which countries impose trade barriers, such as tariffs, quotas, or other restrictions, on each other to protect their domestic industries or retaliate against perceived unfair trade practices. These barriers are designed to make imported goods more expensive or limit their availability, theoretically encouraging consumers to purchase domestically produced alternatives. Do you have a story we should be covering? Do you have any questions about this article? Contact [email protected] Related Articles Start your unlimited Newsweek trial.

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formal

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English

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not offensive

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not hateful