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Us Donald Trump: US President Donald Trump imposed tariffs on Canada, Mexico and China. Canada imposed 25% counter -tariff. Mexico also announced tariff measures. China is also going to take big action.
Canada and Mexico reply to Donald Trump’s tariff. (Reuters/AP)
Highlights
- Trump put tariffs on Canada, Mexico and China
- Canada imposed 25% tariff on US imports
- Tariff is likely to increase inflation in America
Washington: US President Donald Trump on Saturday signed the order to impose tariffs on Canada, Mexico and China. The Trump administration says that its aim is to prevent drugs and illegal migrants from entering the country. After the tariff announcement of Trump, Canada and Mexico have also retaliated. Canada on Sunday imposed 25 per cent tax on goods worth $ 155 billion imported from the US. At the same time, Mexico President Claudia Sheenbam also ordered his Finance Minister to implement tariffs and non-tariff measures to protect the interests of the country. China’s Ministry of Commerce has not announced any tariff at present. But he has decided to complain against America in ‘World Trade Organization’. However, there is also a mechanism in Trump’s order which can increase the tariff rates by countries by retaliation against the US.
🇺🇸 JUSTIN TRUDEAU ANNOUNCES 25% RETALIATION TARIFFS AGAINST U.S.
Canada doubles down on its trade stance, citing a the previous trade deal worked out with Mexico and President Biden.
Trump warned he would increase tariffs on Canada if they did this.
They are about to FAFO!… pic.twitter.com/63JIxOA9wy
– Diligent denizen 🇺🇸 (@diligentdenizen) February 2, 2025