#TrumpTariffs

Trump's tariffs are shaking up global trade! Here's what's happening:

⭕ Tariffs on China : Trump imposed 125% tariffs on Chinese imports, aiming to reduce the US trade deficit and protect domestic industries. However, there's a 90-day pause on new tariffs for most countries, except China.

🔷 Tariffs on Canada and Mexico : 10% tariffs on Canadian energy resources and 25% tariffs on Mexican products, delayed until March 4, 2025, to address border security and migration concerns.

🔺 US-UK Trade Deal : The two countries finalized a limited tariff deal, cutting duties on cars, beef, and ethanol.

🔸 EU's Response : The EU proposed countermeasures on up to $107.2 billion of US imports if negotiations fail to remove Trump's tariffs .

$TRUMP