The second Trump administration has roiled global markets in just its first few weeks in office, with some of the biggest impacts coming from the application of tariffs against major trading partners. These tariffs have, as expected, been met with retaliation from Canada, Mexico, and China. Further complicating the global trade outlook has been China’s move to retaliate against tariffs from other non-U.S. trading partners, most notably Canada.  As a major importer (and often the largest for a given product), China’s retaliatory tariffs against two major suppliers are of key interest to WPI readers. Some of these tariffs have been highly publicized and target markets with which WPI readers are already familiar (e.g., soybean...

TAGS – China, North America, Macroeconomics