US President Donald Trump has triggered a trade war with Canada, Mexico, and China by imposing tariffs under an emergency act. This is the largest protectionist move by a US president in nearly a century.
The US economy benefits from a long-standing economic alliance with its neighbors, Canada and Mexico. The agreement created integrated supply chains that leveraged US innovation, Canadian natural resources, and low-cost labor in Mexico. However, Trump’s tariffs will likely disrupt this balance, affecting regional trade and global competitiveness.
Source: https://www.bloomberg.com/news/features/2025-02-02/who-wins-in-a-trade-war-how-trump-tariffs-threaten-companies-us-growth