All Eyes on China After Trump Tariffs on Mexico, Canada Delayed
February 4, 2025
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1:04Now PlayingAll Eyes on China After Trump Tariffs on Mexico, Canada Delayed
YouTube Description
as posted by the channelAs the leaders of Canada and Mexico rushed to respond after Donald Trump started a new trade war, Chinese President Xi Jinping took a breath before his nation announced any concrete retaliation.
Following through on a threat made after he won the presidency, Trump on Saturday imposed a blanket 10% levy on China, and 25% duties on both Canada and Mexico, over their alleged failure to prevent undocumented migrants and illegal drugs pouring into the US. Within hours, Canadian Prime Minister Justin Trudeau unveiled a 25% counter-tariff on $107 billion of US goods, while Mexican leader Claudia Sheinbaum pledged retaliatory levies.
China’s reaction — coming in the middle of a weeklong Lunar New Year holiday — was more muted, as was typical during Trump’s first term. The Commerce Ministry issued a statement expressing strong “dissatisfaction” and vowing “corresponding countermeasures,” without elaborating. It pledged to file a complaint at the World Trade Organization and called on the US to “manage differences on the basis of equality, mutual benefit and mutual respect.”
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