Canadian Prime Minister Justin Trudeau and Mexico President Claudia Shinbam were quick to respond to US President Donald Trump’s tariff with their own measures, likely to impress global supply chains significantly with tight-for-tat tricks Is.
Trudeau stated that Canadians would impose 25 percent tariffs at $ 155 billion in American imports, stating that Canadian would be effective from $ 30 billion Tuesday and the remaining 21 days. China also vowed “this counselor” against the new tariff.
Meanwhile, Shinbam said that he had “asked his economy minister to implement Plan B, that we are working, including tariffs and non-tariff measures to protect the interests of Mexico”. She also returned on the charge of Washington that her government has an “unbearable alliance” with drug smuggling groups. “We clearly reject the condemnation made by the White House against the Mexican government about the alliance with criminal organizations,” Shinbam has written on the social media platform X.
Trump has signed an executive order by imposing 25 percent tariff on all goods from Canada and Mexico, which is starting on Tuesday, leaving Canadian energy products, which will be subject to 10 percent of duty. Citing an “major threat” from illegal immigration and drugs, he also imposed an additional 10 percent tariff from China, which is already facing various duties.
Trump called for the International Emergency Economic Powers Act in implementing the tariff, the White House stated that “the extraordinary threats arising by illegal aliens and drugs, including deadly fennel, forms a national emergency”. The White House said that its objective is to prevent all three countries to prevent all the three countries to prevent their promises to prevent illegal immigration and prevent other drugs from flowing in our country. “
He has promised to implement duties on the European Union in future. He has also promised semiconductors, steel, aluminum, as well as tariffs on oil and gas. The White House said, “Tariffs are a powerful, proven source of leverage to protect the national interest.”
American imports from Canada and Mexico covered approximately $ 900 billion goods by 2023, and supply lines between three North American neighbors – which share a trade agreement – are deeply integrated. Mexico and Canada are also responsible for important American agricultural imports, meaning that duties can be added to the prices of popular foods such as avocado and tomato. According to Statistics Canada, about 80 percent of Canadian goods export goes to the United States, which is an amount of about $ 410 billion.
The exports of Mexico to the United States represented 84 percent of goods sold to the world last year, according to its National Institute of Statistics, there was an amount of over 510 billion dollars. More than 80 percent of American avocados come from Mexico – which means high import cost can increase the prices of goods such as Guakamol.
