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.
If you heard the speech the fact that they are giving time for the full set of Tariffs mean we have a small set (booze) we are willing to cut right away. Ie. Jack Daniels is no longer on store shelves. Orange juice is no longer on store shelves.
The extra time is for Canadian companies to find alternative (non-American) suppliers. They may be more to import due to distance/time but less impact on tariffs and potentially still more cost at the end for consumers but at the same time not American goods.
The intention is to ween us off your teat.
I don’t think Americans realize that long term this is not good for you. Once new trade routes come in, it’s going to be hard for you to get those partnerships back on account of you showing yourselves as a horrible business partner.
Canada will hurt in the short term but we will be stronger in the long run.
The only thing I’m worried about now is a full on American invasion and I fear that’s on the table.