
Trump’s trade war draws swift retaliation with new tariffs from Mexico, Canada, China
President Donald Trump launched a trade war Tuesday (March 4, 2025) against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business. Just after midnight, Mr. Trump imposed 25% taxes, or…