Will there be a global trade war? Donald Trump has shocked the world by doing exactly what he said he would do.
Trump’s trillion dollar tariff gamble
Rolling the dice: Trump pulled back from a US trade war with Canada and Mexico yesterday at the last minute — but 10% tariffs on China kicked in today. Some predicted a global anti-American alliance was already forming. Glossary
Donald Trump - An American politician, media personality, and businessman serving as the 47th president of the United States since January 2025. A member of the Republican Party, he previously served as the 45th president from 2017 to 2021.
Immigration - The permanent movement of people into a country.
Tariffs - A form of tax on imports.
Imported - When goods are brought into one country from abroad to be sold.
Canada - A country in North America. It is the second-largest country in the world by land area.
Mexico - A country in the southern part of North America. It shares a long border with the USA. Most people in Mexico speak Spanish.
Tax - Money workers pay to the government to pay for services like roads and hospitals.
Expensive - Costs a lot of money.
Economists - Experts in economics, the branch of knowledge concerned with the production, consumption and transfer of wealth.
Trade war - When countries try to damage each other's trades. They can do this by placing tariffs (taxes) on goods or quota restrictions.
Smuggling - The illegal transportation of goods, especially into or out of a country.