President-elect Donald Trump's proposed tariffs are poised to significantly impact countries with substantial trade volumes with the United States. The primary nations affected include China, Mexico and Canada, which are among the largest U.S. trading partners.
Trump has said that tariffs can help his administration pay for proposed tax cuts. But these tariffs are expected to disrupt trade flows, potentially leading to increased consumer prices in the U.S. and prompting retaliatory measures from the affected countries. Industries such as automotive, agriculture and technology may experience significant impacts due to their reliance on imports and exports with these nations.
