According to U.S. President Trump, trade barriers will go up starting Tuesday marking an increase in tariffs on goods imported from Mexico and Canada. Washington will also implement a 10% tariff on Chinese products. In response, Beijing said it will take countermeasures if the tariffs go through. 

Joining the discussion: 

• Qu Qiang is Assistant Director of the International Monetary Institute.  
• Yan Liang is Chair Professor in Economics at Willamette University. 
• Nicholas Economides is Professor of Economics at New York University.  
• William Lee is Chief Economist at the Milken Institute.

Transatlantic trade tensions have escalated following U.S. President Donald Trump’s announcement of a 25% tariff on European imports, with European countries warning that Europe will react “firmly and immediately” against unjustified barriers. https://t.co/qVtwXcCNYq

— CGTN America (@cgtnamerica) February 28, 2025