U.S. trade tensions rise with new tariffs on key partners
The President of the United States, Donald Trump, has announced higher tariffs on all goods imported from the country’s three major trading partners: China, Mexico, and Canada.
Trump stated that, starting Tuesday, the U.S. will impose 25% tariffs on imports from Canada and Mexico, and 10% tariffs on goods from China.
The U.S. President threatened to impose these import duties if the three countries fail to address his concerns about illegal immigration and drug trafficking. Following this decision, the Chinese government criticized the Trump administration’s decision to impose a 10% tariff on Chinese imports.
The Chinese government will challenge the tariffs at the World Trade Organization and take unspecified “countermeasures” in response, according to the Ministries of Finance and Commerce.
Mexican President Claudia Sheinbaum stated that her country will implement a “Plan B,” which includes tariffs in response to the U.S. president’s decision.
In turn, Canadian Prime Minister Justin Trudeau announced new tariffs, encouraging the public to choose local products over American ones.
Translation by Iurie Tataru
