Brief by Shorts91 Newsdesk / 06:57am on 02 Feb 2025,Sunday International
Canada and Mexico announced retaliatory tariffs after U.S. President Donald Trump imposed steep taxes on imports from its neighbors. Canadian Prime Minister Justin Trudeau declared 25% tariffs on $155B CAD of U.S. goods, warning Americans of "real consequences." Mexican President Claudia Sheinbaum also vowed measures, rejecting U.S. claims linking Mexico to crime. China condemned the tariffs and plans to challenge them at the WTO. Experts warn the trade war could worsen U.S. inflation. Trump defended the move, citing economic security, but analysts predict rising consumer prices.
