Hysteria has erupted here and abroad over President Trump’s threats to level trade tariffs against particular countries.
Both American and foreign critics blasted them variously as either counterproductive and suicidal or unfair, imperialistic, and xenophobic.
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Just before Christmas, Mexico’s President Claudia Sheinbaum announced a significant increase in tariffs on textiles and apparel imports, along with the end of a “border-skipping” practice, which allowed U.S. e-commerce sellers to bypass tariffs on Chinese goods. The move – part of Mexico’s strategy to protect its own domestic textile industry and reduce reliance on Chinese imports – sent ripples through the global supply chain.
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