Beware global disruptions from import tariffs imposed by the US

US President Donald Trump holds a signed executive order on AI in the Oval Office of the White House in Washington DC, US on January 23, 2025

Photo credit: Reuters

The unilateral decision by US President Donald Trump to impose a 25 percent tariff on imports from China, Canada and Mexico will cause a major volcanic and retaliatory trade war that is likely to cause disruptions globally.

The US, like Canada, China and Mexico, are members of the World Trade Organisation (WTO) and signatories to the multilateral agreement.

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