The announcement by U.S. President Donald Trump about imposing tariffs on goods from Canada, Mexico, and China led to a drop in global stock markets and fears of a trade war. Trump claims that the tariffs are necessary to control illegal immigration and drug trafficking. After negotiations, tariffs on Canadian and Mexican goods were postponed, while tariffs on Chinese goods were increased. Canada announced reciprocal measures, and Mexico reached an agreement to strengthen border controls. Experts warn that tariffs could raise prices for consumers.
Trump plans tariffs on Canada, Mexico, China; markets drop.
