The U.S. is entering a new protectionist phase as Canada, Mexico, and China plan countermeasures against the substantial tariffs imposed by President Trump. The new tariffs, which reach 25 percent on a broad range of goods, are set to affect over $100 billion of imports from Canada alone. Leaders from affected nations expressed concern, with Prime Minister Trudeau highlighting the unfavorable circumstances of this situation and China's commitment to protect its trade interests through legal channels. Mexico's President Sheinbaum indicated potential retaliatory actions, further deepening trade tensions between these nations.
Canada, Mexico, and China are preparing countermeasures against the new tariffs imposed by President Trump, indicating a shift towards a more protectionist trading era.
Prime Minister Trudeau expressed lament over the tariffs, emphasizing the deep ties between the U.S. and Canada, stating they did not ask for this escalation.
China vowed to enforce countermeasures to protect its interests and indicated that it would seek to address these issues through the WTO.
Mexico's President Sheinbaum announced intent to implement retaliatory measures if a resolution with the U.S. is not reached, highlighting an escalating trade conflict.
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