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Donald Trump imposes tariffs but Canada and Mexico hit back (www.bbc.com)

submitted 1 month ago by [email protected] to c/[email protected]

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Summary

Donald Trump imposed 25% tariffs on imports from Canada and Mexico and 10% on China, citing drug trafficking and immigration concerns.

Canada and Mexico announced retaliatory tariffs, with Canada targeting $155 billion in U.S. goods and Mexico planning 25% tariffs on American products.

Economists warn the tariffs could raise consumer prices, especially in the auto, food, and housing sectors. China condemned the move and plans to file a WTO lawsuit.

Analysts suggest Trump may adjust the tariffs based on political and economic pressures.

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[–] [email protected] 7 points 1 month ago

I don't know why he wouldnt. We did the same thing last time. I think this round will get worse. There won't be a free trade deal at the end of it, I think that era is gone. I think Canada and Mexico will have to take further measures eventually, moving away from American IP agreements and doing it in such a way that it forms a model for other countries that are hit with US tariffs .