US President Donald Trump’s import tariffs have triggered a wave of retaliatory measures, setting off a trade war with key partners and raising fears of a global downturn. But while Trump’s protectionism and erratic policy shifts could have far-reaching implications, the greatest victim is likely to be the United States itself.
ITHACA, NEW YORK – US President Donald Trump’s return to the White House has been accompanied by dramatic economic-policy shifts, setting countries around the world on edge. The new administration has imposed sweeping tariffs on Chinese, Mexican, and Canadian imports – pausing, reinstating, and later granting temporary exemptions for goods compliant with the US-Mexico-Canada Agreement (USMCA). In response, both Canada and Mexico have announced retaliatory tariffs on key US industries, while Trump has vowed to impose “reciprocal” tariffs on “everybody across the board.”
ITHACA, NEW YORK – US President Donald Trump’s return to the White House has been accompanied by dramatic economic-policy shifts, setting countries around the world on edge. The new administration has imposed sweeping tariffs on Chinese, Mexican, and Canadian imports – pausing, reinstating, and later granting temporary exemptions for goods compliant with the US-Mexico-Canada Agreement (USMCA). In response, both Canada and Mexico have announced retaliatory tariffs on key US industries, while Trump has vowed to impose “reciprocal” tariffs on “everybody across the board.”