The imposition of tariffs by President Trump on Mexico, Canada, and China has prompted swift retaliatory measures from Canada, which announced a 25% tariff on over $100 billion of U.S. goods. In response, other nations are considering their countermeasures, with Mexico and China both pledging to respond. Critics, including lawmakers and economists, have labeled these tariffs as economic malpractice, asserting that they will lead to higher prices for consumers in the U.S. alike, impacting various American industries and economic relations.
A day after President Trump announced stiff tariffs on Mexico, Canada and China, the Canadian government said it would retaliate with 25 percent tariffs on more than $100 billion worth of U.S. goods, including honey, tomatoes, whiskey, peanut butter and garments.
On social media, Trump acknowledged that his tariffs — 25 percent on Canada and Mexico, with a partial carve-out for Canadian energy and oil exports, and 10 percent on goods from China — could cause some pain.
Groups that represent American businesses say consumers are likely to be paying the price, underscoring the economic ramifications of such tariffs.
Lawmakers, economists and business groups widely criticized the tariffs, characterizing them as economic malpractice, highlighting the negative concerns for U.S. businesses and consumers.
Collection
[
|
...
]