Trump's Tariff Turmoil: Trade Wars and Global Reactions

Donald Trump has imposed sweeping 25% tariffs on imports from Canada and Mexico, sparking fears of a trade

war.

Businesses warn of rising prices on everything from cars to groceries, while Canada and Mexico prepare retaliatory measures.

Trump claims the tariffs will protect American jobs, but economists warn they could backfire.

Canadian Prime Minister Justin Trudeau called the tariffs a 'dumb thing to do' and announced retaliatory tariffs on

U.S.

goods, including orange juice and peanut butter.

Mexico also plans countermeasures, warning that the U.S.

move could destabilize trade relations.

China, already facing heavy U.S.

tariffs, has hit back with its own levies on American agricultural products.

Experts say Trump's trade war could hurt China's manufacturing sector, but Beijing is adapting by shifting production and

investing in advanced technology.

Panama’s president slammed Trump for falsely claiming the U.S.

was 'reclaiming' the Panama Canal.

He called the statement an 'affront to our dignity' and reaffirmed that the canal remains under Panamanian control.

Trump reiterated his desire to acquire Greenland, but Greenland’s prime minister firmly rejected the idea, stating, 'We do

not wish to be Americans.' The statement underscores growing tensions over U.S.

territorial ambitions.

Investors are growing anxious about the economic impact of Trump's tariffs, with fears of a 'Trumpcession' looming.

The U.S.

dollar has hit a four-month low, and consumer confidence is dropping as businesses brace for higher costs.