The Amazing Lucas
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Trump's Trade War Explodes: New Tariffs Ignite Global Tensions
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March 4, 2025
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12:26Now PlayingTrump's Trade War Explodes: New Tariffs Ignite Global Tensions
#tradewars #tradewar #trump #china #canada
Prime Minister Justin Trudeau of Canada on Tuesday harshly condemned the tariffs that President Trump imposed on Canada, as well as Mexico and China, saying in a televised address that they would hurt people on both sides of the U.S.-Canadian border and that Canada would “relentlessly fight” to protect its economy.
Canada and China quickly announced retaliatory tariffs after the U.S. levies — an additional 10 percent on imports from China and 25 percent on almost all imports from Canada and Mexico — went into effect just after midnight on Monday. Mexico’s president, Claudia Sheinbaum, said her country could impose its own countermeasures by Sunday. The moves raised the stakes, and potentially the costs, of a brewing trade war that was already driving down stock prices and worrying global markets.
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