Trump, who campaigned on cracking down on unfair trade practices, has stirred trade conflict with China, Canada, Mexico and the European Union.
China isn't the only country that President Donald Trump has engaged in a trade conflict.
General Motors Co. Chevrolet Trax LT vehicles are driven up the ramp to a cargo ship at the Port of Veracruz in Veracruz, Mexico.'s trade war with China is not the only conflict with a major trading partner raging ahead of his reelection bid. Trump already put duties on steel and aluminum imports from the EU. Now, the president is set to decide in the coming days whether he will slap tariffs on European cars. The EU could retaliate if Trump makes good on his threat.China. China retaliated following the Trump administration's decision to hike duties on $200 billion in Chinese products.
Trump hopes the tariffs will force China to strike a trade agreement. But the longer the conflict goes on, the more it could hurt American consumers and businesses. Farmers — a key political constituency for Trump — have suffered from lower crop prices caused in part by the trade war. Canada retaliated by putting duties on more than $12 billion worth of U.S. exports, including whiskey and maple syrup. Mexico also slapped tariffs on about $3 billion worth of American goods. Both countries have reportedly considered new retaliatory measures to pressure the U.S. to drop the metals duties.
. EU Trade Commissioner Cecilia Malmstroem reportedly thinks the Trump administration could delay the deadline as it focuses on inking a deal with China.
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