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How Trump's tariffs will impact the global economy | DW News
Posted
February 1, 2025
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February 1, 2025
837,939
8,392
3,619
1.43%
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12:43Now PlayingUS President Donald Trump has announced he is imposing tariffs on the US' three largest trading partners - Canada, Mexico and China - starting on Saturday.
The White House says it will implement a 25 percent tax on imports from Canada and Mexico, and a 10 percent tax on goods from China. Trump has also threatened the EU with similar measures, but has offered no clear timeline. Trump had pledged the measure to boost local manufacturing in the US, and to pressure its neighbors to do more to stop the flow of migrants and illicit drugs into the country.
Both Canada and Mexico have said they're ready to retaliate. But analysts say the US tax will likely deal a heavy blow to Mexico - Latin America's second-largest economy.
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