As Canada and Mexico make plans for reciprocal tariffs on U.S. goods, Canadian Prime Minister Justin Trudeau calls President Trump's move "a very dumb thing to do."
Trump's moves have raised inflation fears, even as he has promised the American public that taxes on imports are the easiest path to national prosperity.
Trump's confirmation of the tariffs sent markets sliding Monday amid fears it could raise prices for U.S. customers, see inflation soar and start a trade war — and Canada and China took retaliatory action against U.
Drew Petrimoulx chats with The Hill’s Brett Samuels as President Trump’s Tariffs on Canadian and Mexican goods goes into effect. Brett gives his take on what impacts consumers can expect, how leaders both in Washington and in Canada and Mexico re reacting,
Trump has imposed 25% tariffs on products entering the US from Canada and Mexico, and has increased a levy on goods coming from China. The Canadian prime minister announced retaliatory tariffs on US exports and warned that a trade war would be costly for both countries.
President Donald Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China.
Canadian Prime Minister Justin Trudeau, for one, said his country would plaster tariffs on more than $100 billion of American goods.
Trump originally put the tariffs on Canada and Mexico on hold for 30 days after the leaders of both countries said they would move to tighten border security.
President Donald Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China. Read more:
President Trump's tariffs on Canada, Mexico and China took effect Tuesday, leading Canadian Prime Minister Trudeau to announce an immediate 25% levy on $30 billion worth of U.S. imports.
Canadian and Chinese officials say they were already helping reduce fentanyl smuggling. Prime Minister Justin Trudeau said fentanyl crossing the northern border is "near zero."