China, Canada and Mexico announce retaliation to Trump's tariff, North America trade tensions intensified
PTC News Desk: China, Canada, and Mexico have announced retaliatory actions against the United States following President Donald Trump’s confirmation that his administration will implement extensive tariffs on their exports beginning Tuesday. This decision has significantly intensified trade tensions across North America.
Canadian Prime Minister Justin Trudeau criticized Trump’s move, calling it “unjustified” and insisting that Canada would respond. On Monday, Trudeau announced a set of counter-tariffs, aligning with the retaliation strategy he initially outlined in February after Trump signed an executive order imposing broad tariffs.
"The first stage will see 25 per cent tariffs placed on approximately Canadian USD 30 billion (USD 20.6 billion) worth of goods from US exporters. These measures came into effect at 12.01 am. New York time unless the US reverses its decision," Justin Trudeau said.
In a further escalation, Trudeau confirmed that a second round of tariffs — also set at 25 per cent — would be imposed on Canadian USD 125 billion worth of American products in three weeks. The next wave of tariffs would target key sectors, including automobiles, steel, and aluminum.
"Our tariffs will remain in place until the US withdraws its trade action," Trudeau adding, "Should US tariffs persist, we are actively discussing additional non-tariff measures with provinces and territories".
Meanwhile, Mexican President Claudia Sheinbaum took a more cautious approach, stating that Mexico would hold off on revealing its full response until it was clear that Trump would follow through on his threat.
- PTC NEWS
