Part 3/10:
The incursion into trade warfare began just a week after Trump took office when he announced a 100% tariff on Taiwanese semiconductors. Following that, on February 1, he ordered 25% tariffs on Mexican and Canadian goods, while imposing 10% tariffs on Chinese exports, prompting retaliatory measures from these nations.
China’s response came swiftly; they enacted their own tariffs on U.S. agricultural products and initiated an antitrust investigation against Google. This tit-for-tat escalated rapidly, with Trump continuously announcing new tariffs—25% on automobiles, pharmaceuticals, and semiconductors soon followed.