By Abidemi Samuel
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In a move that’s expected to escalate trade tensions, US President Donald Trump signed three separate executive orders imposing tariffs on goods from Canada, Mexico, and China.
The tariffs, which took effect immediately, slap a 25% duty on goods from Canada and Mexico, while China faces a 10% tariff on all imports. The tariffs are part of Trump’s broader effort to renegotiate trade agreements and address what he sees as unfair trade practices.
The move has sparked swift retaliation from Canada and Mexico, with both countries vowing to impose their own tariffs on US goods. Canada, in particular, has expressed frustration with the tariffs, which it sees as unjustified. Canadian Prime Minister Justin Trudeau
warned that the tariffs would have “real consequences” for American consumers, who would face higher prices on goods such as groceries and cars. Mexico, meanwhile, has vowed to counter with retaliatory measures, including tariffs on US goods. Mexican President Claudia
Sheinbaum said that her country would “always defend the dignity of our people, respect for our sovereignty, and a dialogue among equals”. The tariffs have also sparked concerns about the potential impact on the US economy.
Economists warn that the tariffs could lead to higher prices for consumers, reduced economic growth, and even job losses.
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