What will be on the world of ‘Tariff War’ of Donald Trump? What will now go to Canada, China and Mexico

The US President Donald Trump has ordered the three largest trade partners of the United States of the United States, the number of goods from China, Canada and Mexico. After this decision, the fear of the global business war has increased because three countries have refused to bow down to American pressure and announced the response.

So let’s know how the whole controversy and its global economy can have on the 7 points.

2. What is the new tariff order of Trump?
   The US President Donald Trump signed the executive order on February 1 and 25% tariffs to be imported from the goods to be imported from Canada and Mexico. A 10% Tariff was employed on the energy resources to come from Canada. 10 per cent tariffs were installed on the goods to import China.

3. Why was tariff fit?
   The Trump Administration claims that the tariffs have been installed to prevent non-legal immigration and drug trafficking to prevent smuggling. Trump said these issues is important to keep Canada, Mexico and China ‘responsibly. Trump had already promised to take tough action against illegal immigration and drug trafficking before his election preaching.

4. Canada’s reaction to Trump’s anniversary
   Canadian Prime Minister Justin Trudo missed Trump’s orders and declared counter tariffs. Braodo said the Canada’s US dollar (C $ 155 billion) would set up 25% tariff on American belongings. This tariff will apply to 30 billion Canadian dollars from Tuesday. The remaining 125 billion Canadian dollar will be subject to tariff within 21 days.

5. Mexico Reaction
   Mexican President Calaudia Shenbum also announced to put a counterfeed tariff. “We do not want confrontation, but Mexico will have to protect their business interests. ‘ Shenbum asked the Minister to implement the minister’s minister “Plan B”, which will include tariffs and other commercial restrictions. However, he did not make it clear which American products would be banned.

6. What did China say?
   China contributed the laws of the World Trade Organization Organization Organization (WTO). “This step of the United States is incorrect,” said on Sunday’s ministry. “China will return to protect their interests.”

7. What is the danger to the US?
   American consumers will have to face inflation. Automobile and technical industries will be affected, as many parts come from Canada and Mexico. The goods to be expensive to China, Mexico and Canada, which will damage American companies.

8. How much harm to global trade?
   The new announcement of Trump can increase the trade war between the United States and his colleagues. Uncertainty in international markets will increase, which may cause a stock market. China, Canada and Mexico can transfer their supply to other countries to other countries from the United States.

The US decision to install tariffs at China, Canada and Mexico has produced a state of new trading war. Canada and Mexico has decided to set the counterfee tariff. China has lodged a complaint with the WTO and warned for taking a strict step. This is likely to increase stress in global markets in the global markets. If the diplomatic solution is not found soon can make the trade blow to war world economy.