Analyst says US tariffs may lead to trade wars, rising costs<br /><br />US tariffs may lead to trade wars and rising costs across the globe, an analyst said on Sunday (February 2).<br /><br />US President Donald Trump signed an order on Saturday (February 1) imposing hefty new tariffs of 25% on goods from Mexico and Canada and 10% on imports from China, potentially disrupting more than $2.1 trillion worth of annual trade.<br /><br />The trade tensions have already escalated with Canada and Mexico retaliating to fight back with their own counter tariffs, sparking a potentially damaging trade war between the key economic partners.<br /><br />REUTERS VIDEO<br /><br />Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br /><br />Visit our website at https://www.manilatimes.net <br /><br />Follow us: <br />Facebook - https://tmt.ph/facebook <br />Instagram - https://tmt.ph/instagram <br />Twitter - https://tmt.ph/twitter <br />DailyMotion - https://tmt.ph/dailymotion <br /><br />Subscribe to our Digital Edition - https://tmt.ph/digital <br /><br />Check out our Podcasts: <br />Spotify - https://tmt.ph/spotify <br />Apple Podcasts - https://tmt.ph/applepodcasts <br />Amazon Music - https://tmt.ph/amazonmusic <br />Deezer: https://tmt.ph/deezer <br />Tune In: https://tmt.ph/tunein<br /><br />#TheManilaTimes<br />#worldnews <br />#tradetensions
