What will be the impact of Trump’s North American trade war?

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What will be the impact of Trump’s North American trade war?
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Carmakers, food producers and construction will be worst hit but consumers across the US, Mexico and Canada could suffer

The Port of Los Angeles.. Most economists Trump's tariffs to raise prices for US businesses and households, which could lead to a temporary burst of higher inflation. Photograph: Adam Amengual/The New York TimesDonald Trump unleashed a barrage of tariffs against Canada , Mexico and China on Saturday, launching a fresh global trade war.

Beijing agreed to take actions to stem the flow of precursors at a summit between Chinese President Xi Jinping and then-US President Joe Biden in San Francisco in 2023. Critics want China to do much more. Mexico also announced it would impose retaliatory tariffs on US goods without specifying the size or the targets.

During a 2018 dispute in Trump’s first term, Mexico targeted steel and agricultural products like pork, apples and cheese.Carmakers, food producers and construction – all of which rely heavily on cross-border trade – are among the industries likely to be worst affected. Construction materials will also face pressure, with about a third of softwood lumber used in the US imported from Canada. Canada and Mexico combined also account for over a fifth of US cement imports.

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