Canada, Mexico and China slam Trump's tariffs
www.nbcnews.com
U.S. allies Canada and Mexico said that they would implement tariffs on the U.S., a move that signals further economic upheaval among the close trading partners.

Summary

Trump signed an executive order imposing 25% tariffs on Canadian and Mexican imports—excluding Canadian energy at 10%—plus additional duties on Chinese products.

In response, Prime Minister Justin Trudeau announced a 25% duty on $155 billion in U.S. goods, beginning with $30 billion in tariffs Tuesday.

Mexican President Claudia Sheinbaum indicated reciprocal tariffs, rejecting claims that Mexico tolerates criminal groups trafficking fentanyl and insisting on respect for sovereignty.

Experts warn these tit-for-tat measures could drive up costs, disrupt supply chains, and mirror the previous U.S.-China trade war, possibly harming security.

  • whoisearth@lemmy.caEnglish
    18·
    9 hours ago

    If you heard the speech the fact that they are giving time for the full set of Tariffs mean we have a small set (booze) we are willing to cut right away. Ie. Jack Daniels is no longer on store shelves. Orange juice is no longer on store shelves.

    The extra time is for Canadian companies to find alternative (non-American) suppliers. They may be more to import due to distance/time but less impact on tariffs and potentially still more cost at the end for consumers but at the same time not American goods.

    The intention is to ween us off your teat.

    I don’t think Americans realize that long term this is not good for you. Once new trade routes come in, it’s going to be hard for you to get those partnerships back on account of you showing yourselves as a horrible business partner.

    Canada will hurt in the short term but we will be stronger in the long run.

    The only thing I’m worried about now is a full on American invasion and I fear that’s on the table.

    • AA5B@lemmy.worldEnglish
      2·
      4 hours ago

      I don’t think Americans realize that long term this is not good for you

      Of course we do, or half of us do. The other half just want to bully someone and chant “USA! USA!”

      So far I’m hoping there’s a pattern of “doing something spiteful that will harm ourselves, but moving onto the next thing at the first hint of resistance”. The new administration is just doing a speed run of scapegoats and might be on to the next before you can say “WTF”. I’m hoping the booze will be enough: hurt jack daniels right in maga country, until we’re back to focussing on abusing immigrants and people who speak Spanish