Canada and Mexico Poised to Retaliate Against Trump Tariffs
February 1st, 2025Update: Mexico Hits Back at Trump’s Tariffs with Tariffs of Its Own on U.S. Imports:
Mexico will retaliate against tariffs imposed by US President Donald Trump with tariffs and other measures of its own, President Claudia Sheinbaum has announced.
Sheinbaum said on Saturday that she had ordered her economy minister to implement tariff and non-tariff measures to defend her country’s interests, after the US slapped across-the-board duties on goods coming from Mexico.
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Here we go…
Via: Bloomberg:
Canada is set to introduce escalating retaliatory counter-tariffs to try to turn Americans against President Donald Trump’s 25% levies on Canadian goods, a threat that’s causing the country to rethink its dependence on its southern neighbor.
“You will find when we do respond, at least initially, that we will focus on tariffing American goods that actually are sold in significant quantities in Canada, and especially those for which there are readily available alternatives for Canadians,” Natural Resources Minister Jonathan Wilkinson said in an interview on Friday, hours after Trump reiterated his plan to bring in tariffs on Canada, Mexico and China.
Canadian officials were told by US officials on Saturday that the tariffs would be implemented on their goods on Tuesday, according to people familiar with the situation.
