Trade wars intensify as US tariffs on Canada, Mexico and China take force

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The story "Trade wars intensify as US tariffs on Canada, Mexico and China take force" was covered 6 hours ago by Channel News Asia, a news publisher based in Singapore.

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Trade wars intensify as US tariffs on Canada, Mexico and China take force - Channel News Asia

Quick Summary:

More than 70 per cent of imports of two key materials homebuilders need - softwood lumber and gypsum - come from Canada and Mexico, said National Association of Home Builders chairman Carl Harris.

Truck drivers at the Otay Mesa border crossing in Mexico told AFP they were already feeling the impact of the tariffs as they lined up to cross into the United States on Tuesday morning.

Stinging US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Donald Trump's levies passed without the nations striking a deal - a move set to snarl supply chains.