The article delves into the escalating trade war initiated by U.S. President Donald Trump through the imposition of tariffs on major trading partners like Mexico, Canada, and China. Trump’s aggressive tariff policies have triggered a series of retaliatory measures, causing uncertainty and disruptions in global markets. Economists warn of potential adverse effects on businesses and economies, with consumers likely bearing the brunt of increased prices.

The timeline provided in the article outlines Trump’s tariff actions during his first term and the subsequent developments under President Joe Biden. Biden has largely maintained Trump’s tariffs on China but adopted a more targeted approach. The article highlights key events such as Biden’s restrictions on semiconductor sales to China and the imposition of tariffs on various imports.

The narrative also covers the tariff strategies of both Trump and Biden during the 2024 presidential campaign, with Trump vowing to impose substantial tariffs on Chinese imports if re-elected. The article details the back-and-forth tariff threats, retaliations, and negotiations between the U.S. and various countries, including Colombia, India, and European nations.

Trump’s executive orders to impose tariffs on imports from Mexico, Canada, and China, as well as subsequent developments like exemptions and postponements, are thoroughly discussed. The article sheds light on the impact of these tariff policies on different sectors, including steel, aluminum, and agriculture, emphasizing the complexities and repercussions of such trade measures on the global economy.