Yesterday, we could see Donald Trump sign off the agreement to incorporate tariffs on Canada, Mexico and China. Canada and Mexico will now face 25% tariffs on all exported goods to the US.
China on the other hand were expected to face tariffs off 10%, which now has been doubled up to 20%. This is going to cause major disruptions to earlier trading allies and shake up the international trade. We heard straight away from both Canada and China of retaliation on tariffs being put in place for incoming US goods. China has said that it will be focused on the agriculture sector of US goods, while Canada initially looking at alcoholic beverages like beer, bourbon and wine and also home appliances.
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