President Donald Trump's new tariffs, which include a 25% duty on imports from Canada and Mexico and increased tariffs on Chinese goods, have sparked significant backlash. Canada, Mexico, and China are responding with their own tariffs on U.S. goods, leading to higher prices, particularly for groceries and electronics. The stock market is already reacting negatively, with significant drops in the Nasdaq, S&P 500, and Dow Jones. Economists warn of potential impacts on U.S. inflation and corporate earnings, and even hint at a possible recession. The situation remains volatile, with future developments depending on negotiations between the U.S. and the affected countries.
