Trump's tariff threat sets stage for bitter global trade war
Briefly

Trump's proposed tariffs on Mexico, Canada, and China could ignite a trade war, raising costs for US consumers, with estimates suggesting up to $2,400 in added expenses annually.
Keith Rockwell warned of retaliation and emphasized that anyone thinking these countries will remain passive is mistaken, as Trump's tariffs could provoke severe economic consequences.
Liu Pengyu of the Chinese embassy stressed that no side would succeed in a trade war, highlighting that both the US and China would face losses.
Economists predict that Trump's sweeping tariff proposals could lead to significant inflation, particularly troubling given that consumer spending drives 70% of the US economy.
Read at www.theguardian.com
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