Trump's tariff plans raise global trade war fears as countries prepare for potential retaliation

Donald Trump has announced plans to impose tariffs of 25 percent on Canada and Mexico, and 10 percent on China, raising concerns about a potential trade war. This marks a shift in U.S. trade policy as Trump prepares to take office again. Analysts predict that these tariffs could lead to retaliatory measures from other countries, particularly in Europe and Asia. Economists warn that such actions may negatively impact global economic growth and delay investments. European nations are expected to respond with tariffs on U.S. goods, while countries like Japan and South Korea are preparing for potential U.S. tariffs on their exports. The situation is evolving, with countries seeking to avoid escalation.