Trump's Tariff War Declaration: A Collection of Economic Foreign News by Country

Trump's Tariff War: Ripple Effects on the Global Economy

Trump's Tariff War

Introduction: Trump's Tariff Policies and Global Economic Landscape

As of March 2025, Trump's aggressive tariff policies are disrupting the global economy, impacting export-dependent countries like Canada, Mexico, the EU, and China.

1. Canada: United Resistance with "Elbow Up"

Canada responded to Trump's tariffs with "Elbow Up Canada" campaigns, showing national unity and resilience.

National Movement

Canadians boycotted U.S. products.
Launched domestic economic support campaigns.
Brands like Peace by Chocolate created solidarity-themed products.

Government Strategy

The Canadian government is reducing inter-provincial trade barriers, aiming to boost GDP by $150 billion.

Claudia Sheinbaum

2. Mexico: Cautious Response and Economic Dilemma

Mexico is taking a cautious approach, balancing diplomacy with economic protection due to its heavy reliance on U.S. trade.

Economic Vulnerabilities

80% of Mexico's trade depends on the U.S.
Imports 80% of gasoline and 90% of natural gas from the U.S.
The automotive sector faces increased costs and reduced competitiveness.

3. European Union: Contrasting Reactions from France and Germany

France: Crisis in Luxury Goods and Agriculture

U.S. threatens 200% tariffs on French wines and champagne.
Potential loss of €10 billion in export revenue.
Agricultural sectors face significant challenges.

Germany: Consumer Boycotts and Industrial Challenges

64% of German consumers are willing to boycott U.S. products.
Tesla's new registrations dropped 76%.
75% of German automotive companies plan investment reductions.

Wang Yi

4. China: Criticizing Trump's Policy Limitations

China views the trade war as counterproductive.

Trade and Economic Observations

U.S.-China trade increased by 99% since 2018.
U.S. trade deficit with China expanded by 12%.
Global capital is shifting towards European and Chinese markets.

Conclusion: Global Economic Reconfiguration

Trump's tariffs have elicited diverse global responses, potentially leading to economic redistribution and more balanced trade.