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.
The US President imposes taxes on Canadian imports that US citizens will have to pay. In response, the Canadian Prime Minister retaliates with taxes on US imports that Canadians will have to pay.
Basically, both just want to raise taxes.
Y’know, except for the part where Trudeau is saying it shouldn’t be this way and free trade is beneficial to both economies… but yeah, it’s both sides that are doing this for malicious self interest.