New York CNN —President-elect Donald Trump appears keen on launching a simultaneous trade war with America’s three biggest trade partners: Mexico, China and Canada. Trump recently pledged to impose an additional 10% tariff on Chinese imports on top of existing ones. On the campaign trail, he also floated a 60% across-the-board tariff on Chinese goods. In Trump’s ideal world, these higher tariffs would directly boost domestic manufacturing, since US businesses would be able to avoid tariffs entirely. On the luxury footwear and apparel side, though, Italy may experience higher production demand, Anthony added.

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Persons: Donald Trump, he’s, Trump, Daniel Anthony, ”, Anthony, Brad Setser, Ina Fassbender, Setser, ” Anthony, Joe Biden Organizations: New, New York CNN, Trump, US, Trade Partnership, CNN, Council, Foreign Relations, Getty, Electronics Locations: New York, Mexico, China, Canada, United States, Vietnam, Germany, Japan, South Korea, Essen , Germany, AFP, Indonesia, Bangladesh, Cambodia, Federal, Italy, Electronics Taiwan, Malaysia, Thailand, India