In response to President Trump's new executive action imposing tariffs on Canadian and Mexican goods, Canada and Mexico have announced retaliatory tariffs on American products. Canada plans to match the US's 25% tariff on $155 billion worth of goods, including beer, wine, fruits, vegetables, and clothing. Mexico will impose a more modest 10% tariff on Chinese products.
Canada, Mexico strike back with retaliatory tariffs on American goods hours after Trump's executive actionThe word of caution was delivered amid speculation that Trudeau would impose tariffs on only Republican US states as pushback against Trump’s long-awaited taxing program.Texas Gov. Greg Abbott speaks onstage during the third day of the 2024 Republican National Convention in Milwaukee on July 17, 2024.
Trudeau admitted he was open to a path forward with the US that didn’t include tariffs — but said he hasn’t been able to speak with Trump since his inauguration.Chinese products will receive a more modest 10% tariff.
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