Trump threatens tariff war on Canada, Mexico, China: Should India be wary?

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Trump threatens tariff war on Canada, Mexico, China: Should India be wary? - Business Standard

Quick Summary:

If imposed, the proposed tariffs could severely impact Mexico, which sends 83 per cent of its exports to the US, and Canada, whose US-bound exports make up 75 per cent of its total.

Trump has long supported tariffs as a key element of his ‘America First’ trade policy, which aims to strengthen domestic industries.

He also criticised China for failing to curb the flow of illicit drugs into the US via Mexico.“Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America,” he added.