Summary

  • In a move that could boost the price of a number of goods, US President Donald Trump has implemented tariffs on imports from Canada, Mexico and China.
  • These goods range from food to construction supplies, fuel and gadgets.
  • Mexico and China are said to be two countries that the US relies on for many electronics and their components, while Mexico is also a major importer of appliances.
  • While tariffs on China have been set at 10%, those on Mexican goods are now set at 25%.
  • The introduction of these tariffs has also led to retaliatory actions from the aforementioned countries, with Canada and Mexico also setting out to impose tariffs on a range of US goods.
  • The new tariffs will come into play from 2 March.

Original Article