Trump Expected to Intensify Trade War with Canada, Mexico

President Trump's renewed tariff policies have sparked concerns about an escalating trade war, with significant implications for both U.S. and global economies. Companies, including Canadian firms and low-end manufacturers in China, are already feeling the impact, with many reporting a sharp decline in orders and a hesitance to invest due to uncertainty regarding trade agreements. Trump's administration plans to impose tariffs of up to 25% on cars and car parts, with reciprocal tariffs expected from countries like China and the European Union. Trade negotiators are bracing for retaliatory measures, complicating the landscape for international trade. Experts warn that these tariffs could lead to overproduction and further job losses globally, as nations react to protect their industries. The overall sentiment among businesses is one of apprehension, as they navigate the unpredictable environment created by these trade policies.