More from US tariffs: how Trump’s tax is hitting Big Tech and beyond
Now that Donald Trump has issued tariffs on products from China, Canada, and Mexico, Canada responded with tariffs of its own, and China’s Ministry of Commerce said in a statement (via Google Translate) that it “will file a lawsuit with the WTO for the wrong practices of the United States and will take corresponding countermeasures to firmly safeguard its own rights and interests.
China’s Ministry of Foreign Affairs issued its own statement, saying (translated), “The United States should view and deal with its own fentanyl problem objectively and rationally, rather than threatening other countries with tariffs at will.”
Despite no public announcement yet on the expected tariffs against Canada, Mexico, and maybe China, Canadian officials tell reporters they’ve been notified President Donald Trump is imposing a 25 percent tariff on most goods and a 10 percent tariff on energy products (i.e. oil). Tariffs were supposed to go into force today, but they’re now apparently supposed to hit Tuesday, at least in Canada. A response from Canada is expected later today.
