Home Controversy US – Canada – China- Mexico – Enter Tariff Tussle as they slap each other with 25% high tariffs
ControversyGlobe ScanGovernance

US – Canada – China- Mexico – Enter Tariff Tussle as they slap each other with 25% high tariffs

Canada and Mexico announced a retaliatory 25% tariff as a countermeasure even as Canadian PM Justin Trudeau told a televised national broadcast urging citizens to be Canadian and buy Canadian and boycott American goods. Mexican president Claudia Sheinbaum said

Justin Trudeau:be Canadian and buy Canadian

A Trade-War looms large as the United States on the one side and Canada, Mexico and China announced tariffs against each other. As President Donald Trump signed off on an executive order slapping 25% tariffs against Canada and Mexico and 10% on top of existing duties on Chinese goods, the affected countries announced retaliatory customs duties.
Canada and Mexico announced a retaliatory 25% tariff as a countermeasure even as Canadian PM Justin Trudeau told a televised national broadcast urging citizens to be Canadian and buy Canadian and boycott American goods. Mexican president Claudia Sheinbaum said
The United States, Canada, China and Mexico have entered into a major Tariff Tussle as the countries slapped tariffs against each other making imports costlier and consequently the retail prices of products entering these countries.
The US has imposed 10% tariff on Chinese imports over and above existing tariffs against the communist country, while 25% tariffs were slapped on Canada and Mexico on their exports. All three affected countries retaliated by imposing tariffs against American imports, Canada especially slapped an equivalent 25% duties on American liquor (bourbon) and fruits. Mexico did the same.
The Canadian ambassador to the United States, Ms. Kirsten Hillman, said she is “hopeful” steep US tariffs on Canadian goods will not be enacted. “We’re hopeful that they don’t come into effect on Tuesday, and we’re ready to continue to talk to the Trump administration about that, and in particular about all the work that we’re doing with them and on our own with respect to the border and the issues that the president says are at the core of this move,” Hillman told ABC News on Sunday.
The Canadian ambassador told ABC the administration has been meeting “nonstop” with US President Donald Trump’s border officials, but she acknowledged the decision lies in Trump’s hands.

America First

Canada’s efforts to bolster border controls include investing a billion dollars in border equipment, ensuring boots on the ground, and joint training exercises with US authorities, the ambassador said.
Hillman said Canada has made “incredible progress” on stemming illegal immigration into the US. “Illegal crossings between Canada and the United States … are less than 1% of the crossings into the United States, but even at that, they’re down 89% in recent months,” she said.
Some background: Trump administration officials said the tariffs were designed to stop the flow of fentanyl and undocumented immigrants coming into the US. To put the tariffs in place, Trump in his executive action declared a national economic emergency, invoking the International Emergency Economic Powers Act, known as “IEEPA,” which authorizes a president to unilaterally manage imports during a national emergency. The tariffs are set to go into effect on 4th Feb 2025 at 12:01 am ET.
“We don’t want to have this fight, but we won’t lose it,” candidate for Canadian prime minister says on tariffs – former finance minister Chrystia Freeland.
Chrystia Freeland, Canada’s former finance minister who is running to replace Justin Trudeau as prime minister, told CNN’s Fareed Zakaria that her country is determined to stand up for itself after US President Donald Trump announced new tariffs on Canada, Mexico, and China.
“We don’t want to have this fight, but we are not going to lose it,” she said Sunday.
Freeland called the tariffs a “terrible” idea and a “lose-lose” situation that will end up hurting Americans since they depend on Canada for many basic goods.
“The president has decided now to make gas in the United States more expensive. He’s decided to make groceries in the United States more expensive. And our retaliation is going to cost Americans jobs. That is completely ridiculous. We do not want to do this,” she said.
Freeland also said Canadian citizens have been so hurt and angered that some have already started to boycott American goods. “Regular Canadians across the country are coming up with ways to stand for Canada, to fight for Canada, to defend Canada, but mostly to say to our American neighbours: ‘Guys, just cut it out,’” Freeland said.
Asked whether Canada would start looking for new markets and trading partners, Freeland said the country would prefer to continue working with the US but insisted the relationship should remain mutually beneficial.
“We are happy to work together. But it’s got to be a two-way street,” she said.

+ posts

Contributor, IANS - Washington DC/New York
Executive Editor, Corporate Tycoons - Pune, India
Executive Editor, The Flag Post - Bengaluru, India
Contributor, The Statesman, Hindu Business Line, Sarkaritel.com, Diplomacyindia.com

Former Economics Editor, PTI - New Delhi, India
Former Communications Advisor,
Alstom Group of Companies, SA - France/Belgium

Written by
TN ASHOK

Contributor, IANS - Washington DC/New York Executive Editor, Corporate Tycoons - Pune, India Executive Editor, The Flag Post - Bengaluru, India Contributor, The Statesman, Hindu Business Line, Sarkaritel.com, Diplomacyindia.com Former Economics Editor, PTI - New Delhi, India Former Communications Advisor, Alstom Group of Companies, SA - France/Belgium

Related Articles

ControversyCorruptionGovernanceUSA

As Trump pauses FCPA act, India’s Adani Group of Industries gets a reprieve

Written by TN ASHOK US President Donald Trump made a major shift in...

ControversyDiplomacyGlobe ScanGovernanceUSA

Gaza rebuild is a business, not resettlement of 2.2 million Palestinians

Written by TN ASHOK Israeli PM Benjamin Netanyahu strongly supports President Trump’s plan...

ControversyGlobe ScanGovernanceUSA

The US take over the Gaza Strip is for Development or Invasion of Construction Companies?

Written by Ashok Nilakantan There is a popular adage that a good businessman...

ControversyDiasporaGlobe ScanGovernanceUSA

US deported over 200 illegal migrants: India a mute spectator!

Written by TN ASHOK US planes destined for Punjab’s Amritsar were on their...