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Trade War 2.0? US Tariffs Ignite Global Retaliation

The United States has thrown down the gauntlet in a new trade standoff, hitting imports from Canada, Mexico, and China with sweeping tariffs that have sent shockwaves through markets and triggered swift retaliation.

The Biden administration is calling it a necessary economic defense, but the consequences are already piling up—and fast.

With little warning, the White House imposed a 25% tariff on all goods from Canada and Mexico (except Canadian energy, which faces a 10% tax) and slapped a 10% tariff on imports from China.

Officials argue that the move is about protecting national security, curbing illegal immigration, and cracking down on fentanyl trafficking.

The reality? The policy has set off a chain reaction of countermeasures that could reshape...

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