Trump threatens Canada, Mexico and China with a 25% tariff!

Since this is in all the news right now, its time for another deep dive.

President-elect Trump announced plans to impose significant tariffs on Canada, Mexico, and China. A 25% tariff on goods from Canada and Mexico is proposed, contingent on increased border security measures. An additional 10% tariff on top of existing tariffs is planned for China, citing concerns over drug trafficking. These actions could violate the USMCA trade agreement and potentially spark trade wars. China strongly opposes these tariffs, arguing that trade wars benefit no one. Economists warn of substantial negative economic consequences from Trump's overall tariff strategy.

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