Explainer: How Trump’s tariff war may raise prices for US consumers – The Times of India
President Donald Trump’s long-threatened tariffs have taken effect, launching the US into a full-scale trade war with China, Canada, and Mexico. These tariffs impose a 25% tax on imports from Canada and Mexico and a 20% tariff on Chinese goods, prompting swift retaliatory measures from all three countries. As a result, the cost of everyday…