Trump says tariffs will correct trade imbalance | DW News

It's been called the biggest gamble of Donald Trump's second term so far - overnight, the US president's long-threatened tariffs against his biggest trading partners, Canada and Mexico, went into effect. The move has spooked markets and raised fears of a global trade war. Goods from both countries will now be slapped with a 25% levy. An existing 10% tax on Chinese imports has also been doubled. Chapters: 00:00 US Tariffs against Canada and Mexico kicked in 04:13 Jens Korte, Wall Street Correspondent 07:19 Abigail Hall, Associate Professor of Economics at the University of Tampa For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1