Key Takeaways
- Canada, Mexico, and China threatened retaliatory measures after the White House announced 25% tariffs on goods from Mexico and Canada and 10% tariffs on items from China.
- Canada said it would impose 25% tariffs on 155 billion Canadian dollars ($106 billion) worth of goods from the U.S., while Mexico said it would take non-tariff measures as well as impose tariffs on U.S. goods.
- China said it would file a lawsuit with the World Trade Organization and look to take additional countermeasures.
Canada, Mexico, and China are threatening retaliatory measures, after President Donald Trump signed executive orders Saturday implementing 25% tariffs on goods from Mexico and Canada and 10% tariffs on items from China.
Canada said it would impose 25% tariffs on 155 billion Canadian dollars ($106 billion) worth of goods from the U.S., effective Tuesday, when the U.S. tariffs on goods from Canada are expected to take effect.
“Like the American tariffs, our response will also be far-reaching,” Canadian Prime Minister Justin Trudeau said in a press conference Saturday.
Meanwhile, Mexican President Claudia Sheinbaum said the country would look to implement a plan that could include tariffs on U.S. goods, as well as non-tariff measures.
China’s Ministry of Commerce said the country would file a lawsuit with the World Trade Organization and look to take additional countermeasures against the U.S., but did not immediately announce new tariffs.
The moves could have a sizable impact on the U.S. economy, with Canada, Mexico, and China representing America’s biggest trading partners. Together, the three countries account for 41.7% of all imports, according to U.S. Census Bureau data.
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