Donald Trump once proposed a 60% tariff on products imported from China but later reduced it to 10% to avoid an overly aggressive trade conflict. However, his announcement of a 25% tariff on partners Canada and Mexico under the United States-Mexico-Canada Agreement (USMCA) has already provoked a strong backlash from both countries’ leaders, who are prepared to retaliate.
Will Trump’s protectionism succeed despite harming others without benefiting?
09
Dec