What Tariffs Did Trump Impose On Canada, Mexico And China? How These Countries Hit Back?
(MENAFN- Live Mint) US President Donald trump said on Sunday that he has "implemented a 25% Tariff on imports from Mexico and Canada (10% on Canadian Energy), and a 10% additional Tariff on China."
This means that Canadian and Mexican exports to the US will attract a 25 percent tariff starting Tuesday. Meanwhile, energy imported from Canada, including oil, natural gas and electricity, would be taxed at a 10% rate.
Also Read | Mexico, Canada hit back at US with counter tariffs: What we know so far
Trump declared an economic emergency in order to place duties of 10% on all imports from China and 25% on imports from Mexico and Canada. Goods from China, which already face various rates of duties, will see an additional 10 percent tariff.
Trump's order includes a mechanism to escalate the rates charged by the US against retaliation by the other countries, raising the specter of an even more severe economic disruption, reports claimed.
How did Mexico, Canada and China respond?
All three countries ordered retaliatory tariffs on the US.
Mexico:
Mexican President Claudia Sheinbaum Pard ordered the Secretary of Economy to "implement Plan B", which includes tariff and non-tariff measures against the US in "defense of Mexico's interests."
Sheinbaum "categorically" rejected the US'“slander against the Mexican government of having alliances with criminal organisations.”
She said in a lengthy post on X,“Problems are not resolved by imposing tariffs, but by talking and dialoguing, as we did in recent weeks with your State Department to address the phenomenon of migration; in our case, with respect for human rights.”
Canada:
After Trump's announcement, Canadian Prime Minister Justin Trudea announced that his government will impose 25 per cent tariffs on American goods worth $155 billion in retaliation for tariffs imposed by US President Donald Trump.
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