Markets around the world, including China, European Index, Canada, and Mexico, are already shaken by President-elect Trump's pledge to increase tariffs as his inauguration on the 20th approaches.
Mr. Trump plans to impose a 60% tariff on Chinese products, a flat 10% tariff on other countries/regions, and a 25% tariff on imports from Canada and Mexico. According to experts, these measures could significantly alter the flow of trade, increase costs, and risk retaliation.
The final scale and scope of tariff increases have not yet been revealed, but it is expected that significant disruptions will occur in the future. Summaries of the impact of tariff increases on several markets currently in the spotlight.