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Will Trump’s Tariffs Backfire and Trigger a Global Trade Crisis?
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Subscribe04 FEB 2025 / ECONOMY
On February 1, 2025, President Donald Trump imposed heavy tariffs on imports from Mexico, Canada, and China, with the intent to address trade imbalances and illegal immigration. Economic consequences include potential inflation and an economic backlash not only from affected countries but also within the U.S., with possible long-term disruption to trade and the global economy, depending on the outcome of a February 4 meeting between the leaders of the U.S., Canada, and Mexico.
When history books are written about global trade blunders, this one might just get its chapter. On February 1, 2025, President Donald Trump decided the best way to strengthen the U.S. economy was by imposing massive tariffs on imports from Mexico, C...
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