President Trump’s aggressive move to place tariffs on imports from Canada, Mexico and China could trigger a trade war. Mexican President Claudia Sheinbaum negotiated with Trump at the last minute, putting tariffs on Mexico on hold for a month. Meanwhile, Trudeau and Canada are planning on responding to the U.S. trade action with 25% tariffs of their own on specific products like lumber, household appliances and fruit.
WSJ’s economics reporter Jeanne Whalen explains how the tariffs can drive up prices for consumers.
Chapters:
0:00 Trump tariffs
0:42 Impact on consumers
2:01 Mexico and Canada striking back
3:03 Why Trump is so keen on tariffs
4:09 What’s next?
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