Greater Nashua
Trump's tariffs have launched global trade wars. Here's a timeline of how we got here
NEW YORK (AP) — Volley after volley of new tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad, creating uncertainty for businesses and households. Trump is no stranger to tariffs. He launched a trade war during his first term as well, taking particular aim at China by putting taxes on most of its goods. At the time, Beijing responded with its own retaliatory tariffs on a range of U.S. products. And Trump also used the threat of more tariffs to force Canada and Mexico to renegotiate a North American trade pact. When President Joe Biden took office, he preserved most of the tariffs Trump had enacted against China, in addition to imposing some new restrictions. But his administration claimed to take a more targeted approach. Fast-forward to today, and economists stress there are greater consequences on businesses and economies worldwide ...
