WASHINGTON (AP) — President Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.
WASHINGTON — President Donald Trump’s long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by the United States’ North American allies.
Following Canada and China, Mexico President Claudia Sheinbaum said Tuesday that Mexico will respond to 25% tariffs imposed by the United States with its own retaliatory tariffs on U.S. goods. U.S. markets dropped sharply Monday after Trump said there was “no room left” for negotiations that could lower the tariffs. Shares in Europe and Asia were mostly lower Tuesday after they took effect.
Democratic lawmakers were quick to criticize the tariffs, and even some Republican senators raised alarms. Shortly after Blair spoke, Trudeau said Canada would impose 25% tariffs on $155 billion Canadian worth of American goods, starting with tariffs on $30 billion Canadian worth of goods immediately and on the remaining amount on American products in three weeks.
“Canada has their list ready," Pike said."The EU has their list ready. It’s going to be tit for tat.’’
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada, Mexico, and China Strike Back Against Trump’s TariffsLate Saturday, Canada, Mexico, and China responded to Trump's executive order imposing tariffs over their alleged failure to curb the fentanyl crisis. Just hours after the order was signed and set for implementation on Tuesday, all three nations announced strong retaliatory measures.
Read more »
Trump Imposes Tariffs on Canada, China, and Mexico, Sparking Trade War FearsPresident Trump declared an economic emergency and imposed tariffs on imports from Canada, China, and Mexico, fulfilling campaign promises but raising concerns about a prolonged trade war. The tariffs, ranging from 10% to 25%, will affect a wide range of goods, including oil, lumber, produce, clothing, and electronics. Canada and Mexico swiftly retaliated with their own tariffs, while China has threatened countermeasures. Economists warn that these tariffs could lead to higher prices, lower supplies, and a slowdown in economic growth for the US.
Read more »
Here Are Some Goods In The Crosshairs Of Trump's Tariffs On Mexico, Canada And ChinaPresident Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday.
Read more »
Europe braces for Trump tariffs after Canada, Mexico and China hitEuropean leaders were bracing for U.S. tariffs on Monday after United States President Donald Trump imposed sweeping levies on Mexico, Canada and China.
Read more »
Trump Imposes Tariffs on Canada, Mexico, and ChinaPresident Trump has taken executive action to impose or threaten new tariffs on imports from Canada, Mexico, and China. These moves, intended to address immigration and drug trafficking concerns, have stirred stock markets and supply chains, while also straining relations with key trading partners.
Read more »
Trump Pauses Tariffs on Canada, Mexico and ChinaU.S. President Donald Trump has announced a 30-day pause on tariffs that were set to take effect against Canada, Mexico and China. The temporary reprieve halts a potential continental trade war that economists warned would raise prices. Trump signed an order to impose 25 per cent tariffs on Mexican and Canadian imports, with a lower 10 percent tariff on Canadian energy. The Canadian government, meanwhile, has unveiled a $1.3 billion plan to address Trump's concerns about border security and announced new initiatives to combat fentanyl trafficking.
Read more »