Canada, Mexico and China slam Trump's tariffs
www.nbcnews.com
U.S. allies Canada and Mexico said they would implement tariffs on the U.S., a move that signals further economic upheaval among the close trading partners.

Summary

Trump signed an executive order imposing 25% tariffs on Canadian and Mexican imports—excluding Canadian energy at 10%—plus additional duties on Chinese products.

In response, Prime Minister Justin Trudeau announced a 25% duty on $155 billion in U.S. goods, beginning with $30 billion in tariffs Tuesday.

Mexican President Claudia Sheinbaum indicated reciprocal tariffs, rejecting claims that Mexico tolerates criminal groups trafficking fentanyl and insisting on respect for sovereignty.

Experts warn these tit-for-tat measures could drive up costs, disrupt supply chains, and mirror the previous U.S.-China trade war, possibly harming security.

  • nogooduser@lemmy.worldEnglish
    51·
    1 month ago

    As tariffs hurt the importing country, not the exporting country I think that it’s odd that Canada would punish their own citizens in retaliation.

    They should have added a 25% export tax on energy seeing as Trump clearly didn’t want to pay more for his imported energy.