Markets brace for new tariffs that could surpass what Trump did during his entire first term

Published On Mar 3, 2025, 10:26 AM

Former President Trump's potential tariffs set to be implemented on Canada, China, and Mexico could have significant economic repercussions, potentially surpassing the overall economic impact of his previous tariffs during his first term. The proposed tariffs include a 25% tax on imports from Canada and Mexico, and an increase of duties on Chinese imports from 10% to 20%. Analysts express concerns that these tariffs could further dampen economic activity, reflecting uncertainty in U.S. trade policy under Trump's leadership. If implemented, these actions may lead to retaliatory tariffs from Canada and China, exacerbating trade tensions and impacting the U.S. economy.