Trump's Tariffs Trigger Retaliation from Mexico, Canada, and China

Donald Trump's administration imposed tariffs on imports from Mexico, Canada, and China. Effective Tuesday, a 25% tariff was placed on Mexican and Canadian imports, with a 10% tariff on Canadian energy. China faces a doubled tariff of 20% on certain products. In response, China imposed tariffs up to 15% on U.S. farm exports and expanded restrictions on U.S. companies. Canada announced retaliatory tariffs on over $100 billion worth of American goods. Mexico's President Sheinbaum stated Mexico would respond with its own tariffs. These actions have led to market instability and concerns about rising prices for consumers and businesses. Trudeau criticized the tariffs as "dumb" and asserted Canada would not become a U.S. state, while Trump threatened further tariff increases. The economic impact includes potential job losses, supply chain disruptions, and increased costs for imported goods.