What will happen to the global and Russian economies after the introduction of trade duties by the United States for Canada, Mexico and China, read in the RIA Novosti article.
President Donald Trump has announced new tariffs on Canada, Mexico, and China, which will result in a significant new tax on imports from the three largest US trading partners. Experts warn that this could have widespread consequences for the American economy. Mexico and Canada have responded with retaliatory tariffs. The value of nepal mobile database cryptocurrencies — Bitcoin, Ethereum, Toncoin — has also fallen sharply. Read about what is happening in the global economy and what consequences this could have in the RIA Novosti article.
Tariffs to be imposed on Mexico, Canada and China from February 1
On February 1, US President Trump announced aggressive new tariffs on Mexico, Canada and China, signing the documents. The Trump administration said the tariffs were aimed at curbing the flow of drugs and illegal immigrants into the US. But they could also lead to significant price increases for American consumers on a wide range of common goods, from avocados to sneakers and cars, CNN reports .
In response, just hours later, Mexican President Claudia Sheinbaum said her country would impose retaliatory tariffs, while Canadian Prime Minister Justin Trudeau announced “far-reaching” retaliatory duties. China’s Commerce Ministry said it would file a complaint with the World Trade Organization (WTO) and “take appropriate countermeasures,” without elaborating.