The Canadian prime minister said he would implement a 25% tariff on $155 billion in U.S. goods.

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.

  • Eagle0110@lemmy.worldEnglish
    15·
    6 hours ago

    Everything you described takes half a decade minimal to be put into reality. You are literally describing building a whole fricking industry. And we all know how fast you can establish industries in North America.

    When a literal bully is stabbing you, you do NOT wait for half a decade to do something about that.

    Instead, retaliatory tariffs are pretty much the only thing they can do instantly as a government.

    • whats_all_this_then@lemmy.worldEnglish
      1·
      16 minutes ago

      That’s fair. If someone punches you, you punch back. You don’t get beaten up in the moment in hopes that you get to jump them a week from now. The “both” option suggested below may be better but that still means it’s regular everyday people getting fucked over with higher prices in CA over something they had nothing to do with (I can still sympathize with the US but one can also argue the US voted him in, Canada did not).