Trump Tariffs on Canada, Mexico, and China Kick In | Global News Avenue

President Donald Trump 25% tariff In Canada and Mexico, a 10% tax on Chinese goods tax that came into effect on Tuesday allowed Beijing and Ottawa to immediately repel.

U.S. stock futures have barely changed, although stocks have been closed Sharply lower On Monday, investors feared Trump’s massive tariffs would escalate a trade war with the U.S.’s largest trading partner while hurting the economy.

Beijing has purchased a variety of Chinese agricultural commodities from the United States and has imposed export controls on more U.S. companies, including several defense companies, and has retaliated against Beijing for a series of expropriation.

The Chinese Treasury Department announced a 15% tariff on imports of chicken, wheat, corn and cotton in the United States, as well as imports of sorghum, soybeans, pork, beef, beef, water products, fruits, fruits, vegetables and dairy products, and added 15 U.S. companies on March 10.

Canada has also hit back as Trump’s tariffs take effect

Canada also retaliated after Trump’s tariffs came into effect one month later pause Their implementation.

Canadian Prime Minister Justin Trudeau said Ottawa will impose a 25% tariff on CAD 30 billion ($27 billion) of U.S. goods starting Tuesday, while CAD 125 billion will take effect within 21 days.

“Our tariffs will remain the same until the U.S. trade lawsuit is withdrawn, and if our tariffs do not stop, we will have active and ongoing discussions with provinces and territories to take several non-tariff measures,” Trudeau said.