Amid the rising tensions of the US trade war, China is doubling down on its dedication to maintaining domestic stability. Beijing is not just focusing on economic support; it’s actively championing resilience in the face of external challenges, all while striving to boost public confidence in its future.
Japan faces a potential loss of $17 billion in car exports if the United States implements proposed tariffs, according to the UN trade agency. This move could significantly impact Japan’s automobile industry, which is a vital part of its economy.
In response to President Trump’s tariffs, Canada has enacted a 25% levy on US auto exports, escalating trade tensions between the two countries. This move aims to protect Canadian manufacturers and counterbalance the economic impact of US tariffs.
Canada has launched a dispute complaint against the United States at the World Trade Organization over tariffs on steel and aluminum. The move underscores ongoing tensions between the two nations regarding trade policies and their economic impacts.
