Donald Trump's tariffs on Canada, Mexico and China could spark global trade war, experts say
3 weeks, 2 days ago

Donald Trump's tariffs on Canada, Mexico and China could spark global trade war, experts say

ABC  

United States President Donald Trump has confirmed his administration is set to enforce 25 per cent tariffs on goods from Mexico and Canada, stoking concerns of a North American trade war and sending local financial markets into a spin. Mr Trump said during an address at the White House on Monday local time that there was "no room left" for a deal with either Canada or Mexico that would avert the tariffs by curbing fentanyl flows into the US. Mexican President Claudia Sheinbaum says her country has a "plan B, C, D" to respond to Mr trump's tariffs. Mr Oliver said that if there was any financial downturn in China because of Mr Trump's tariffs that impact the global economy, Australia would experience the blowback. "The broader threat to Australia is a much, much bigger threat because each time Trump puts up tariffs, it causes uncertainty, disrupts supply chains causes these problems for the US economy."

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