💸 The United States imposes a 10% tariff on Chinese goods, a 25% tariff on imports from Canada and Mexico, escalating trade war risks!
The U.S. government has made another major move! According to the latest report from CCTV, U.S. President Trump signed an executive order on February 1, local time, officially announcing a 10% tariff on goods imported from China.
At the same time, the U.S. will impose a 25% tariff on imported goods from Canada and Mexico, with an additional 10% tariff on Canada's energy resources. These tariff measures are set to take effect on February 4.
The White House has also stated firmly that if Canada and Mexico take retaliatory measures, the U.S. may further increase tariffs. This inevitably reminds people of the previous trade frictions caused by the U.S. tariffs on Chinese goods, and it seems that this scenario is about to replay.
This series of trade protectionist measures has triggered widespread attention and concern from the international community. There are also many voices of opposition within the U.S. against this practice. Democrats criticized that this will lead to rising prices for groceries, cars, gasoline, and other goods, increasing the burden on middle-class families in the U.S.
Renowned American economist Jeffrey Sachs also pointed out that increasing tariffs will burden U.S. consumers, be detrimental to the U.S. economy, and hinder global economic development.
From a global perspective, the negative impacts of trade protectionism are evident. It not only undermines global free trade rules and increases global trade costs but also leads to further restructuring of global industrial and supply chains. The uncertainty of the global economy thus increases, and international cooperation is severely impacted.
A spokesperson for the Chinese Foreign Ministry has previously emphasized multiple times that there are no winners in a trade war or tariff war, and China is always firm in defending its national interests. China consistently opposes trade protectionism and advocates resolving trade disputes through dialogue and cooperation. In the face of U.S. trade protectionist measures, China will continue to maintain an open attitude while taking necessary measures to safeguard its legitimate rights and interests.
💬 What do you think about the U.S. tariff measures again? Does this trigger a new round of trade wars? What impact will it have on the global economy? Leave a comment in the discussion area and share your views!
