A Trade War Ignites
President Trump’s administration has officially triggered a new wave of tariffs, imposing a 25% tariff on Canadian and Mexican goods, alongside a 10% tariff on Chinese imports. These moves have ignited strong reactions from U.S. trading partners, sparking fears of economic retaliation.
Canada’s Response: Canada’s government has vowed to match Trump’s tariffs with equivalent countermeasures, targeting up to $100 billion worth of U.S. products. A government official emphasized the confusion and disappointment Canadians feel, given their longstanding economic and military alliance with the U.S.
Mexico’s Stand: Mexican President Claudia Sheinbaum responded aggressively, rejecting the White House’s claim that Mexico has alliances with criminal organizations. Mexico has promised retaliatory trade measures, but the specifics remain unclear.
China Files a WTO Complaint: China, now facing a 10% tariff, has taken its grievances to the World Trade Organization, raising concerns that the U.S. might even consider leaving the WTO.
