Trump's tariffs drew international criticism: Mexico, Canada and China warn against economic consequences
Kyiv • UNN
International partners have criticized Trump's plans to impose high tariffs on imported goods. Countries warn of threats to economic stability and the possibility of a trade war.
Trump's threat to impose duties has drawn criticism from international partners. This is reported by Reuters, reports UNN.
Details
Mexico, Canada and China, as well as leading industry associations, have warned of serious economic consequences from US President-elect Donald Trump's plans to impose heavy tariffs on imported goods.
According to them, such actions threaten the economies of all three countries, can provoke an increase in inflation and harm labor markets.
Trump's promise, announced on Monday, caused unrest in the currency, equity and bond markets on Tuesday. Mexico and Canada, which are closely linked to the United States in the areas of automobile production and energy, are particularly concerned.
International leaders warn that such measures could lead to a trade war that will have a negative impact on the global economy.
