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Donald Trump raised the specter of a global trade war when he took to his platform Truth Social late on Monday to threaten 25% tariffs on Mexico and Canada when he returns to the White House if they don't better control their borders.
President-elect Trump also threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan. 20, adding that he would impose the tariffs until Beijing stops the flow of illegal drugs, particularly fentanyl, into the United States.
The Chinese Embassy in Washington responded by saying neither country would win a trade war.
President-elect Trump also threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan. 20, adding that he would impose the tariffs until Beijing stops the flow of illegal drugs, particularly fentanyl, into the United States.
The Chinese Embassy in Washington responded by saying neither country would win a trade war.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.