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March 6, 2025
Anna Murray
On March 4, President Donald Trump imposed significant tariffs on goods imported from Mexico, Canada, and China. China and Canada swiftly retaliate against Trump's tariffs. The next stop is Mexico. The action is sparking a trade war, which might harm the US economy.
On March 4, President Donald Trump levied a 25% tariff on Canada and Mexico. Additionally, Trump raised the 10% tariff on all Chinese imports to 20%. The action was promptly reacted against. China and Canada have already announced retaliatory import tariffs on American goods.
Canada imposed a series of retaliatory duties on US$20.5 billion in American products. Canada's Prime Minister, Justin Trudeau, announced that more non-tariff measures would be applied.
China replied by levying 15% duties on poultry, wheat, corn, and cotton imports from the United States. Sorghum, soybeans, hogs, cattle, aquatic goods, fruits, vegetables, and dairy products are all subject to a 10% tax.
President Claudia Sheinbaum has stated that Mexico will publish tariff and non-tariff measures on March 9.