Trump considers tariffs on Mexico and Canada, risking US economy

President-elect Trump is considering imposing tariffs on Mexico and Canada, the U.S.'s largest trade partners. This move could violate the USMCA trade agreement and significantly harm all three economies involved. Previous tariffs on China did not lead to the expected increase in U.S. exports, as China rerouted its trade. If new tariffs are enacted, they could disrupt the U.S. auto industry and raise food and fuel prices. The potential tariffs could lead to retaliatory measures, further impacting economic growth and inflation in the U.S. A trade conflict with these partners could also affect the global economy, given their significant share of global GDP.