President Trump has implemented significant tariffs, increasing the tariff on China and introducing new tariffs on Canada and Mexico. These actions prompted strong retaliatory responses from both Canada and Mexico, with Canada imposing tariffs on US goods and China targeting US agricultural products. Prime Minister Trudeau criticized the tariffs as "a very dumb thing to do," while Mexican President Sheinbaum stressed the need for negotiation and dialogue. Industry warnings indicate that these tariffs may elevate consumer prices globally, leading to a decline in stock markets.
"There's no motive, reason or justification that supports this decision that will affect our people and nations," Sheinbaum reportedly said at a news conference. "We will always seek a negotiated solution, in a framework of respect."
Trudeau said that Trump imposing tariffs is "a very dumb thing to do" and that Canada "will not back down from a fight." Addressing US residents, Trudeau said, "We don't want this, but your government has chosen to do this to you."
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