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Trump Announces Tariffs, Triggers Global Trade War: China & Canada Hit Back!

Trump Announces Tariffs, Triggers Global Trade War: China & Canada Hit Back!

Manvendra Singh Rajvanshi
Manvendra Singh Rajvanshi
  • New Delhi,
  • Mar 4, 2025,
  • Updated Mar 4, 2025, 6:57 PM IST

 

The world is bracing for economic turmoil as Donald Trump unleashes his most aggressive trade war yet. From tariffs on China, Canada, and Mexico to a major shift in U.S. foreign policy, the U.S. President’s latest trade offensive is sending shockwaves through global markets. On Monday, the U.S. President slapped a 10% tariff on China and announced reciprocal tariffs starting April 2 on key trade partners, including India. The move has set the stage for an all-out economic showdown. Every major industry in the U.S. – from automobiles to metals, from agriculture to semiconductors and pharmaceuticals – is expected to fact the brunt of Trump Tariffs. Meanwhile, China isn’t backing down! Beijing has retaliated with new tariffs on U.S. goods and blacklisted 25 American firms, targeting those supplying arms to Taiwan. Canada has also warned of reciprocal tariffs of its own.

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