Trump Imposes Tariffs on Canada, Mexico, China
U.S. President Donald Trump imposed long-threatened tariffs on imports from Canada, Mexico, and China on Saturday. Trump signed an order imposing 25% tariffs on goods from Mexico and Canada, and a 10% duty on Chinese imports, set to start on Tuesday. Canadian Prime Minister Justin Trudeau swiftly retaliated by imposing 25% tariffs on $155 billion worth of U.S. goods, with $30 billion worth of duties taking effect on Tuesday and the rest in 21 days. Mexican President Claudia Sheinbaum vowed retaliation but did not provide specifics. China's Ministry of Commerce announced it would file a lawsuit with the World Trade Organization and take necessary countermeasures. Economists warn that these tariffs could lead to a global trade war, significantly impacting the economies of all involved countries.