President Donald Trump and his economic team are increasingly focusing on the revenues his tariffs would generate as he seeks to get tax cuts through Congress, pointing to an ominous path ahead for countries trying to avoid a trade war.

Starting Tuesday, nearly all imports from Canada and Mexico will be charged a 25% tariff, while goods from China will be charged a 10% tariff.

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President Donald Trump‘s latest tariff threats against America’s three largest trading partners could cost U.S. households an average of $800 in 2025, according to a report, marking an escalation from his first-term trade wars.

Donald Trump's trade advisers were finalizing plans on Wednesday for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war and threatening to add to already-sticky U.

President Trump had previously imposed an additional 10% tariff on all Chinese imports, resulting in retaliatory tariffs from China.

As Donald Trump unleashes round two of his trade wars, an analysis of the way global commerce has rewired since his first presidency shows how Vietnam, Mexico and Canada are exposed this time around as a new era of American protectionism unfolds.

President Donald Trump's comments have raised hopes of a de-escalation in the trade war between the world's two largest economies. This has further strengthened the Chinese currency and stock markets,