Trump's Tariffs on North America Also Set to Pummel Asian Allies
- Donald Trump plans to impose 25% tariffs on imports from Mexico and Canada, impacting Japanese and South Korean companies supplying the U.S. From these nations.
- Japanese automakers may face a $10 billion decline in annual profits due to the tariffs, with stocks falling significantly.
- Taiwan's government is assisting companies like Foxconn to adjust production in response to the tariffs, which are set to take effect soon.
- Canadian Prime Minister Justin Trudeau has vowed a strong response to the tariffs, indicating rising tensions between the U.S. And its neighbors.
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