Markets Slide as Trump Confirms Tariffs for Canada, Mexico and China on Tuesday

Axios

 

Long-threatened tariffs on Canada and Mexico will go into effect Tuesday, as will increased levies on China, President Trump confirmed.

The tariffs are expected to trigger a trade war with the three largest U.S. trading partners, one that could raise prices for American consumers on a broad range of products.

Canada and Mexico will each face 25% tariffs on their exports to the U.S., while Chinese exports will receive an additional 10% tariff on top of the 10% Trump already imposed earlier this year.

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