Trump says Americans could feel "some pain" after new tariffs on Canada, Mexico
President Trump on Saturday signed an executive order that imposes 25% tariffs on imports from Canada and Mexico, while adding an additional 10% levy on goods from China. Canada responded hours later with retaliatory tariffs of its own, while Mexico said it was also planning to issue tariffs on the U.S. as well.
China's commerce secretary said that China would challenge the tariffs through the World Trade Organization, according to Reuters, claiming that the move "seriously violates" WTO rules.
However, Mr. Trump on Monday announced he would pause the tariffs on Canada and Mexico for 30 days after both countries agreed to direct additional resources to their borders.
The salvo, which Mr. Trump had threatened even before returning to power earlier this month, underlines his willingness to use trade policy even against some of the U.S.' largest economic allies.
President Trump on Saturday signed an executive order that imposes 25% tariffs on imports from Canada and Mexico, while adding an additional 10% levy on goods from China. Canada responded hours later with retaliatory tariffs of its own, while Mexico said it was also planning to issue tariffs on the U.S. as well.
China's commerce secretary said that China would challenge the tariffs through the World Trade Organization, according to Reuters, claiming that the move "seriously violates" WTO rules.
However, Mr. Trump on Monday announced he would pause the tariffs on Canada and Mexico for 30 days after both countries agreed to direct additional resources to their borders.
The salvo, which Mr. Trump had threatened even before returning to power earlier this month, underlines his willingness to use trade policy even against some of the U.S.' largest economic allies.
1 month ago
