President Donald Trump's trade wars continue as the European Union and Canada announced retaliatory tariffs on Wednesday once the American administration's duties on steel and aluminum went into effect. Tariffs have long been debated in the economic sphere for its effects on consumers and public relations, but what do experts make of the current tensions?
Tariffs generally aim to help U.S. companies compete more effectively with foreign industries by making it more expensive for companies to source products from overseas. U.S. products look more favorable, thereby lending support to domestic industry and jobs.
