Massive Tariff Impact on Global Trade: U.S. Raises Tariffs on China, Canada, and Mexico

Massive Tariff Impact on Global Trade: U.S. Raises Tariffs on China, Canada, and Mexico

The United States has recently introduced significant new tariffs, Starting from March 4th locally, the U.S. will impose an additional 10% tariff on Chinese goods already subject to a 10% U.S.-imposed tariff. This will raise the total tariff on Chinese imports to 45%. From March 12th, an additional 25% tariff will apply to steel products, with the total tariff reaching 70%. Additionally, the U.S. will officially impose a 25% tariff on Canadian and Mexican goods, including a 10% tariff on Canadian energy-related products. Negotiation is not an option.