US President Donald Trump has announced that from March 2, 10 percent will impose tariffs on China’s imports due to illegal drugs.
He also said that the planned tariffs are 25 percent on imports from Canada and Mexico from Tuesday.
Trump’s move is seen as escalating the tariff war with one of the largest trading partners in the United States, and is taking place in a situation where consumer confidence has declined, so that more Americans expect inflation to rise sharply again, citing tariffs as the reason.
