Canada's Justin Trudeau announces retaliatory tariffs following Trump's executive order
Canada's Justin Trudeau announces retaliatory tariffs following Trump's executive order
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.
cross-posted from: https://lemmy.world/post/25012048
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.
“changing summer vacation plans to stay in Canada” - might I humbly suggest other commonwealth countries get in on this as well Summer in Canada is winter in Australia so you’ll find it quite nice and frankly Britain could use all the tourists it can get Anywhere in the commonwealth also has very easy visa requirements so honestly you won’t have to worry about ICE kicking in your door just because your passport is a funny colour
can't really blame him. even trump himself acnkowledges that tariff is the fourth most beautiful word in the english language /s
You mean behind he, himself and Ivanka?
Damn. Will be hard for me to buy Canadian, I guess I am only buying non-American produce. 😕
I hope its a trade war, otherwise Canada would just be taking tariffs without fighting back.