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Canada's Justin Trudeau announces retaliatory tariffs following Trump's executive order (www.nbcnews.com)

submitted 2 months ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 7 points 2 months ago (1 children)

can't really blame him. even trump himself acnkowledges that tariff is the fourth most beautiful word in the english language /s

[–] [email protected] 5 points 2 months ago

You mean behind he, himself and Ivanka?