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Trump signs order imposing tariffs on Canada, Mexico and China

  • U.S. President Donald Trump has signed an order to impose 25% tariffs on imports from Mexico and Canada and a 10% duty on imports from China, as confirmed by senior trade adviser Peter Navarro.
  • Trump stated that the tariffs are meant to negotiate better deals and protect domestic industries, declaring the decision as "pure economic" in nature.
  • Canadian Prime Minister Justin Trudeau warned of potential retaliatory tariffs, emphasizing that the U.S. Penalties could be self-sabotaging.
  • Economists warn that these tariffs may lead to higher prices for consumers and disruptions to the global economy, as noted by various economic experts.
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