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Canada and Mexico have ordered retaliatory measures against the US after President Donald Trump placed sweeping tariffs on goods from its two neighbors and China.
Prime Minister Justin Trudeau said he would “not back down in standing up for Canadians.” He set out “far-reaching” tariffs of 25 percent. These will start with $30 billion worth of US goods on Tuesday, and another $125 billion in 21 days to give Canadian firms time to adjust.
This comes after Trump signed executive orders implementing 25 percent tariffs on imports from Canada and Mexico, and 10 percent tariffs on goods from China, potentially setting up rapid price increases for American consumers.
The orders include retaliation clauses, which means the U.S. will increase tariffs if the countries respond with similar moves, Bloomberg reports.
Trump aims to use tariffs as leverage to encourage those countries to take more action against illegal immigration and the smuggling of chemicals used in fentanyl production.
Trump defended the tariffs on Truth Social post: “THIS WILL BE THE GOLDEN AGE OF AMERICA! WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!). BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.”
Rubio travels to Panama after Trump threatened to ‘take back’ Panama Canal
“China is operating the Panama Canal and we didn’t give it to China, we gave it to Panama,” Trump said late last month.
“And we’re taking it back,” he continued.
But the Panama Canal is not on the table, President Jose Raul Mulino said.
“I cannot negotiate and much less open a negotiation over the canal,” he previously said. “It is sealed. The canal belongs to Panama.”
Katie Hawkinson2 February 2025 16:00
Israel’s Benjamin Netanyahu travels to Washington for Trump
Israeli Prime Minister Benjamin Netanyahu has traveled to Washington, D.C. ahead of his meeting with President Donald Trump on Tuesday.
The meeting will mark Trump’s first since taking the White House last month, which Netanyahu called “a testimony to the strength of our personal friendship.”
“That friendship and that cooperation has already yielded important results for Israel and the Middle East, including the historic Abraham Accords that President Trump led and which brought four historic peace treaties between Israel and its Arab neighbors,” Netanyahu said.
Katie Hawkinson2 February 2025 15:30
Trump defends tariffs in Sunday morning rant
President Donald Trump defended his executive orders levying tariffs against China, Canada and Mexico in a Sunday morning Truth Social post.
“The ‘Tariff Lobby,’ headed by the Globalist, and always wrong, Wall Street Journal, is working hard to justify Countries like Canada, Mexico, China, and too many others to name, continue the decades long RIPOFF OF AMERICA, both with regard to TRADE, CRIME, AND POISONOUS DRUGS that are allowed to so freely flow into AMERICA,” Trump wrote.
This comes after both Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau vowed to retaliate with similar tariffs on U.S. goods overnight.
Katie Hawkinson2 February 2025 14:54
Trump tariffs risk ‘really damaging impact’ on global economy – Yvette Cooper
Donald Trump risks having a “really damaging impact” on the global economy as he pursues tariffs against the US’s nearest neighbours, a senior Cabinet minister has suggested.
The US president has introduced a 25% levy on goods coming from Mexico and Canada, and a 10% trade tax on Chinese goods, which will come into effect on Tuesday.
The penalties have sparked fears of a new era of trade wars across the globe.
David Lynch2 February 2025 14:45
ICYMI: Trump signed orders imposing tariffs
President Donald Trump signed executive orders Saturday implementing tariffs on imports from China, Canada and Mexico.
The orders include retaliation clauses, which means the U.S. will increase tariffs if the countries respond with similar moves, Bloomberg reports.
Senate Minority Leader Chuck Schumer condemned the move.
“It would be nice if Donald Trump could start focusing on getting the prices down instead of making them go up,” Schumer said in a statement.
“All tariffs are not created equal. Donald Trump is aiming his new tariffs at Mexico, Canada, and China but they will likely hit Americans in their wallets. I am concerned these new tariffs will further drive up costs for American consumers.”
Katie Hawkinson2 February 2025 14:30
Mexico and Canada announce tariff retaliations as Trump sparks new trade war
Both Mexico and Canada have both announced retaliatory tariffs against the U.S., after Donald Trump signed an order imposing sweeping levies against both nations.
Mexican president Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau announced their decisions on Saturday, initiating what is likely to be an economic standoff with America and its two largest trading partners.=
Read the full story here:
Mike Bedigan2 February 2025 14:00
Exclusive: ‘Utterly terrifying’ poll reveals Elon Musk effect pushing far-right AfD closer to power in Germany
David Maddox2 February 2025 13:30
China calls Trump tariffs a ‘serious violation’ and vows to respond in kind
Alexander Butler2 February 2025 13:00
