New Delhi, Feb. 2 -- Two weeks into his second term, US president Donald Trump kept his word and slapped tariffs on imports from Canada, Mexico and China on 1 February. Mint looks at the fallout from this move on the affected nations and rest of the world.

Yes. Through an executive order, Trump, disregarding warnings by economists, businessmen, and diplomats, imposed 25% tariffs on all imports from Canada (except oil, which will suffer a 10% duty) and Mexico. Chinese products coming into the US will also face an additional 10% tariff.

Trump had invoked the International Emergency Economic Powers Act, which empowers him to impose immediate tariffs, citing a national emergency, to target three of Washington's biggest trading partners. The...