On 4th of March 2025, US has imposed 25% tariffs on import from Canada & Mexico, and at the same time increased tariffs on China import to 20% from 10% just imposed a month ago.
The stock market reacted negatively as there are lots of uncertainty.
Trump stressed that the tariffs will revive US manufacturing sector and create more jobs, and will not increase the cost of living of its citizens. Is it true?
Anyway, it's almost certain that those countries being imposed the tariffs will suffer, and they will retaliate with tariffs against the US.
In the end, who will win? Or may be there will be no winner?