Donald Trump plans steep tariffs on Canada, Mexico, and China, sparking trade war fears and raising concerns over USMCA violations and global economic impacts.
President-elect Donald Trump has announced plans to impose significant tariffs on Canada, Mexico, and China, raising concerns about potential trade conflicts.
Trump, set to take office on 20 January, pledged a 25% tariff on all imports from Canada and Mexico to address drug trafficking, particularly fentanyl, and migration issues, despite potential violations of the US-Mexico-Canada Agreement (USMCA). Additionally, he proposed a 10% tariff on Chinese imports, citing insufficient action by Beijing to curb fentanyl-related exports.
The USMCA, signed under Trump in 2020, established duty-free trade among the three nations, but Trump's proposed tariffs could breach its terms. Experts suggest this move may be a negotiating tactic for early discussions on revising the agreement before its 2026 renewal.
Canada's Prime Minister Justin Trudeau and Mexican officials have urged dialogue over escalating tensions.
China rejected the accusations, emphasising its anti-drug efforts and warning against trade wars, which it argued harm all parties involved. The Chinese government expressed willingness to continue cooperation on drug control while calling for mutual respect and equitable collaboration.
Economists warn that implementing these tariffs could escalate inflation, disrupt supply chains, provoke retaliation, and severely impact global trade.
The US accounted for a significant share of exports from both Canada and Mexico in 2023, while China faces domestic economic challenges, including a property downturn and weak demand.
World leaders are gathering in Calgary in Canada for the G7 summit, where the escalating Israel-Iran conflict is set to dominate discussions.
French President Emmanuel Macron has vowed to support Greenland, saying the Arctic island is not for sale and warning of growing "predatory ambition" toward the region.
"MAKE THE MIDDLE EAST GREAT AGAIN" — President Donald J. Trump called for peace between Israel and Iran, saying diplomacy is underway and a deal is within reach.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 14th, covering the latest developments you need to know.
The US State Department has advised its citizens in the Middle East and North Africa to exercise "increased caution." The recommendation is due to rising regional tensions, the State Department said.
The EU will delay plans to curb Russian nuclear fuel imports, focusing first on phasing out Russian gas by 2027, the European Commission confirmed.
Another group of the Tchaikovsky Symphony Orchestra of Russia has been evacuated from Iran to Azerbaijan. During the night, a new group of orchestra members crossed into Azerbaijan through the Astara border checkpoint as part of the ongoing evacuation process.
France has closed four major Israeli company stands at the Paris Airshow for displaying offensive weapons, intensifying diplomatic tensions with Israel amid criticism of its actions in Gaza.
A community event turned deadly in West Valley City, Utah as gunfire erupted during a local carnival, killing three people, including an eight-month-old baby and injuring two teens, after a dispute between two groups escalated.
Kazakhstan has emerged as Azerbaijan’s top grain supplier, as trade between the two countries surged 20% in early 2025, reaching historic highs.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
The Israeli military has issued an evacuation advisory for Iranian civilians living near weapons production sites and associated infrastructure within Iran. The message was shared on the social media platform X in both Arabic and Farsi by an official military spokesperson.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
An Air India flight with 242 passengers on board crashed in Meghaninagar, close to Ahmedabad airport in Gujarat, on Thursday afternoon.
A delegation from the EBRD’s Board of Directors will visit Kazakhstan from 16 to 20 June 2025
The U.S. dollar advanced on Friday as investors rushed back into the currency and other safe-haven assets including U.S. Treasury bonds and gold after Israel launched widescale strikes against Iran, sparking Iranian retaliation.
US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
The European Commission confirmed on Thursday it will postpone the implementation of new international banking regulations by a year, citing concerns over global alignment and competitiveness.
The euro surged to its highest level in nearly four years against the U.S. dollar, as global investors turned to safe-haven assets amid growing geopolitical tensions and uncertainty surrounding the U.S.-China trade deal.
The EU will delay plans to curb Russian nuclear fuel imports, focusing first on phasing out Russian gas by 2027, the European Commission confirmed.
Another group of the Tchaikovsky Symphony Orchestra of Russia has been evacuated from Iran to Azerbaijan. During the night, a new group of orchestra members crossed into Azerbaijan through the Astara border checkpoint as part of the ongoing evacuation process.
France has closed four major Israeli company stands at the Paris Airshow for displaying offensive weapons, intensifying diplomatic tensions with Israel amid criticism of its actions in Gaza.
A community event turned deadly in West Valley City, Utah as gunfire erupted during a local carnival, killing three people, including an eight-month-old baby and injuring two teens, after a dispute between two groups escalated.
Kazakhstan has emerged as Azerbaijan’s top grain supplier, as trade between the two countries surged 20% in early 2025, reaching historic highs.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment