New Delhi, March 4 -- US President Donald Trump's 25% tariffs on Mexico and Canada will come into effect on Tuesday, March 4, with the latter announcing retaliatory steps, escalating trade tensions globally. The US will also double the tax on goods from China to 20% amid renewed concerns a trade war may push up inflation and hinder growth.

Donald Trump on Monday confirmed tariffs on neighbouring nations and said, "No room left for Mexico or for Canada. No, the tariffs, you know, they're all set. They go into effect tomorrow."

As Donald Trump's tariff hike for Mexico, Canada, and China kicks in today, a peek into its repercussions and impact on America and global trade.

In response to Trump administration tariff hike, Canada will impose...