China and Canada have quickly retaliated against newly imposed U.S. tariffs by announcing their own levies on U.S. goods. These retaliatory measures could further disrupt U.S. trade with its top three trading partners – China, Canada, and Mexico. China will impose additional tariffs of up to 15% on some U.S. goods, while Canada has vowed tariffs of up to 25%. Mexican President Claudia Sheinbaum is expected to announce her response soon.
The Chinese tariffs, which will take effect on March 10, target products such as chicken, wheat, corn, and cotton. They also include tariffs on soybeans, pork, beef, fruits, vegetables, and dairy and aquatic products. Canada has said it will impose tariffs on $107 billion worth of American goods if the U.S. tariffs remain in place. Canadian Prime Minister Justin Trudeau expressed concern over the impact of tariffs on American consumers and jobs.
The U.S. tariff is in addition to a previous 10% tariff imposed by President Donald Trump on Chinese goods. In response, China imposed targeted levies on U.S. products including coal, liquefied natural gas, crude oil, agricultural machinery, and cars. The situation has created tension between the U.S. and its trading partners, threatening the previously successful trading relationships.
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