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Canada, Mexico, China and the EU respond to Trump’s tariffs

Canadian, Mexican and Chinese flags.

Norfuto Norfuto Gety pictures

US President Donald Trump Saturday’s long threatening imposition Customs tariffs on imports from Canada, Mexico and China – It didn’t take long to respond to the countries.

Trump has signed a 25 % slapping on goods from Mexico and Canada, and a duty of 10 % on Chinese imports, scheduled to start on Tuesday. Canada’s energy resources face a 10 % less tariff in order to “reduce any sabotage effects that we may enjoy on gasoline oil and home warm prices,” according to a senior management official.

In the executive, Trump said that if the two countries-three commercial partners in the United States-in the United States, may meet “an increase or expansion in the scope of” duties already imposed.

in After xTrump said that the duties were imposed “because of the great threat to illegal foreigners and the deadly drugs that kill our citizens, including fentanel.”

The United States is about $ 1.6 trillion of work every year with Canada, Mexico and China. Specifications are expected to be used as bargaining and ways to implement foreign policy changes – specifically with regard to immigration and drug trafficking issues – by the Trump administration.

The reaction of one of the three countries was fast and decisive, while others seemed to take more than the waiting and vision approach to Trump’s tariff. The European Union is also watching how the newly imposed definitions will play, after Trump recently Take the goal of the European Union When he claims to be an unequal commercial relationship. Here is a look at their responses.

Canada

Canadian Prime Minister Justin Trudeau slapped the 25 % revenge definitions, compared to $ 155 billion of American goods, shortly after the Trump tariff was announced.

The Prime Minister of Canada, Justin Trudeau, surrounds (from), Minister of Public Safety David McGaneti, Minister of Foreign Affairs Melanie Jolie and Minister of Finance and International Affairs Dominique Lieplank, speaks during a press conference on February 1, 2025.

Dave Chan AFP | Gety pictures

He said that duties worth $ 30 billion in American commodities will be imposed on Tuesday, as a tariff of $ 125 billion in products is scheduled to be provided within 21 days, to allow Canadian companies and supply chains to seek alternatives. “

“Like American definitions, our response will be long -term and include daily elements such as American beer, wine, bourbon, fruits and fruit juices, including vegetables, perfumes, clothes and shoes,” Trudeau said in fruits and fruit juices, including vegetables, perfumes, clothes and shoes. A press conference on Saturday evening. “It will include major consumer products such as home appliances, furniture and sports equipment, materials such as wood and plastic materials, along with much, much more.”

“This is an option, yes, it will harm the Canadians, but after that, it will have real consequences for you, the American people,” Trudeau added.

Revenge definitions are expected to exacerbate the high prices in both the United States and other places. The price of everything from cars and electronics to games and food It is expected to be affected.

“It should not be this way,” Trudeau added.

“Yes, we had our differences in the past, but we have always found a way to overcome them. As I said before, if President Trump wanted to enter into a new golden age for the United States, the best way is partnership with Canada, not our punishment.”

Meanwhile, Ontario said it would withdraw all American alcohol products from the wines run by the government that begins on Tuesday in response to the definitions. Ontario’s alcohol control panel will also take US products from their catalog so that other retailers cannot request or re -store these elements, according to Sunday statement By Prime Minister Doug Ford.

Mexico

Mexico also pledged revenge after the news, although it did not reveal details.

President Claudia Shinbom criticized the Trump tariff and said that she had issued instructions to the Minister of Economy to “implement the plan B that we are working on, which includes customs tariff measures and non -carrier in defense of the interests of Mexico.”

Tim Claudia Shinbum, President of Mexico, talks about the policies of US President Donald Trump during a press conference at the National Palace, Mexico City, Mexico, January 21, 2025.

Henry Romero Reuters

in Long function on xThe president added: “We categorically reject the White House defamation of the Mexico government claiming alliances with criminal organizations, as well as any intention to interfere in our lands.”

Read more CNBC tariff cover

“Mexico does not want to confront. We start from cooperation between neighboring countries,” she said in The Post, translated by NBC. “Mexico does not just want to reach the fentanel to the United States, but you don’t want to reach anywhere.”

She added: “We must work together in a comprehensive way, but always in light of the principles of joint responsibility, mutual trust, cooperation, and above all, respect for sovereignty, which is coordination, yes; dependency, no.”

China

Chinese exporters carry out strategies to adapt to Trump tariff threats

The fact that China has stopped Immediate escalation It raised hopes that there would be a space to avoid a comprehensive trade war between the two countries. Less than 10 % of the events imposed on Chinese goods may also be a relief due to the frequent threats of Trump on the campaign path to impose duties of 60 % or more on imports from the country.

In its statement, China pushed Trump’s comments about Fintanel, describing it as a “local issue”.

“China urges the United States to follow an objective and rational approach to its local issues, including fentanel, rather than resorting to tariff threats against other countries,” she said.

Artificial opioid fentianil is a drug that causes addiction that causes several thousand deaths every year in the United States. The chemicals needed to make the drug mostly in China and Mexico are produced. Washing Washington and Beijing in the past on cooperation About this issue.

European Union

The European Union said on Sunday that it “regret” the US decision to impose a tariff on Canada, Mexico and China, and it will “respond firmly” if Trump imposes a tariff on the European Union, according to a spokesman for the European Commission.

Trump did not hide from his opinion that the United States and the European Union had what he claimed An unequal commercial relationship.

“From America’s point of view, the European Union treats us very unfairly, very badly,” Trump said in a virtual speech to the World Economic Forum in Davos, Switzerland, this month.

The spokesman said that the European Union is not currently aware of any additional tariff that is placed on its products.

“Our commercial and investment relationship with the United States is the largest in the world. There is a lot at stake,” the spokesman said. “The measures of comprehensive tariffs raise the costs of work, harm workers and consumers. Definitions are defined on unnecessary economic disruption and payment of inflation. It is painful to all aspects.”

Trump has previously pledged to put a customs tariff on the European Union, with his latest statement on Friday, adding that he would “do so” at all. The tensions between Trump and the European Union were already high after the president made a proposal to buy Greenland.

“World Trade War”

On Sunday note, Paul Ashworth, the chief economist in North America in Capital Econic, said that Trump’s tariff in Canada, Mexico and China were “just a strike in what could become a very devastating global trade war.”

He said that he expected to target the imports of the European Union in the next two months, with global tariff expectations – that Trump supervises the campaign path – in April.

The economic impact will be important to all the countries concerned, according to Ashurth.

“Since exports to the United States account for about 20 % of its gross domestic product, today’s tariff may flood both Canadian and Mexican economies in the recession later this year,” he wrote.

“The resulting increase in inflation in the United States of these definitions and other future measures will come faster and be greater than we expected in the beginning.”

– This report contributed to this report – from CNBC’s Tanaya Macheel, Kevin Breuninger, Jeff Cox and Laya Nelakandan.

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2025-02-02 18:10:00

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