Donald Trump’s imposition of tariffs of 25 per cent on goods from Canada and Mexico and 10 per cent on Chinese imports is bad news not only for these countries, but also for the US and the rest of the world.
As the US president acted on the threats he had made during the election campaign, the White House said the tariffs on Canada would remain until it “cooperates with the US against drug traffickers and on border security”, and held Mexican drug cartels responsible for trafficking the synthetic painkiller fentanyl and other substances. It claimed that China “plays the central role in the fentanyl crisis” through exports.
